GSY vs. LDUR
GSY (Invesco Ultra Short Duration ETF) and LDUR (PIMCO Enhanced Low Duration Active ETF) are both exchange-traded funds - GSY is a Ultrashort Bond fund actively managed by Invesco, while LDUR is a Short-Term Bond fund actively managed by PIMCO. Both are actively managed. Over the past 10 years, GSY returned 2.86%/yr vs 2.43%/yr for LDUR. At a 0.27 correlation, their price movements are largely independent. GSY charges 0.22%/yr vs 0.54%/yr for LDUR.
Performance
GSY vs. LDUR - Performance Comparison
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Returns By Period
In the year-to-date period, GSY achieves a 1.59% return, which is significantly higher than LDUR's 0.91% return. Over the past 10 years, GSY has outperformed LDUR with an annualized return of 2.86%, while LDUR has yielded a comparatively lower 2.43% annualized return.
GSY
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- 1.59%
- 6M
- 1.96%
- 1Y
- 4.54%
- 3Y*
- 5.45%
- 5Y*
- 3.65%
- 10Y*
- 2.86%
LDUR
- 1D
- -0.02%
- 1M
- 0.15%
- YTD
- 0.91%
- 6M
- 1.29%
- 1Y
- 4.37%
- 3Y*
- 5.11%
- 5Y*
- 2.23%
- 10Y*
- 2.43%
GSY vs. LDUR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 1.59% | 4.96% | 5.95% | 5.99% | 0.01% | 0.03% | 1.88% | 3.39% | 2.18% | 1.86% |
LDUR PIMCO Enhanced Low Duration Active ETF | 0.91% | 5.76% | 5.14% | 4.78% | -4.23% | -0.55% | 4.49% | 4.27% | 1.05% | 2.06% |
Correlation
The correlation between GSY and LDUR is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2014 | 0.27 |
The correlation between GSY and LDUR shifts across timeframes, from 0.27 (all time) to 0.54 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GSY vs. LDUR — Risk / Return Rank
GSY
LDUR
GSY vs. LDUR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) and PIMCO Enhanced Low Duration Active ETF (LDUR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GSY | LDUR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.69 | ||
| Sortino ratioReturn per unit of downside risk | +25.25 | ||
| Omega ratioGain probability vs. loss probability | 7.01 | 1.56 | +5.45 |
| Calmar ratioReturn relative to maximum drawdown | 76.07 | 4.70 | +71.36 |
| Martin ratioReturn relative to average drawdown | 397.70 | 22.64 | +375.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GSY | LDUR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 11.52 | 2.83 | +8.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 6.29 | 1.10 | +5.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.35 | 0.88 | +1.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.87 | -0.41 |
Drawdowns
GSY vs. LDUR - Drawdown Comparison
The maximum GSY drawdown since its inception was -12.14%, which is greater than LDUR's maximum drawdown of -8.68%. Use the drawdown chart below to compare losses from any high point for GSY and LDUR.
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Drawdown Indicators
| GSY | LDUR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.14% | -8.68% | -3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.06% | -0.93% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -1.17% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -1.48% | -6.75% | +5.27% |
Max Drawdown (10Y)Largest decline over 10 years | -5.25% | -8.68% | +3.43% |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -0.85% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.19% | -0.18% |
Volatility
GSY vs. LDUR - Volatility Comparison
The current volatility for Invesco Ultra Short Duration ETF (GSY) is 0.14%, while PIMCO Enhanced Low Duration Active ETF (LDUR) has a volatility of 0.44%. This indicates that GSY experiences smaller price fluctuations and is considered to be less risky than LDUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSY | LDUR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 0.44% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 0.29% | 1.08% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.40% | 1.55% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 2.03% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.22% | 2.77% | -1.55% |
GSY vs. LDUR - Expense Ratio Comparison
GSY has a 0.22% expense ratio, which is lower than LDUR's 0.54% expense ratio.
Dividends
GSY vs. LDUR - Dividend Comparison
GSY's dividend yield for the trailing twelve months is around 4.34%, which matches LDUR's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 4.34% | 4.56% | 5.31% | 4.95% | 1.70% | 0.58% | 1.45% | 2.71% | 2.30% | 1.80% | 1.21% | 1.17% |
LDUR PIMCO Enhanced Low Duration Active ETF | 4.35% | 4.60% | 4.77% | 4.11% | 2.22% | 0.90% | 2.15% | 3.14% | 2.66% | 2.08% | 1.85% | 2.92% |
Frequently Asked Questions
GSY and LDUR have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LDUR has higher volatility (0.44%) compared to GSY (0.14%). In terms of maximum drawdown, GSY dropped -12.14% vs LDUR's -8.68%.
On 10-year performance, GSY leads with 2.86% vs 2.43% for LDUR. On fees, GSY is cheaper at 0.22% per year. On volatility, GSY has been the lower-risk option at 0.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GSY has performed better with a 2.86% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSY is cheaper with a 0.22% expense ratio, compared with 0.54% for LDUR.
GSY and LDUR have nearly identical dividend yields, around 4.34%.
GSY is categorized as Ultrashort Bond, while LDUR is Short-Term Bond. They also come from different issuers: Invesco and PIMCO. Their fees differ too: 0.22% for GSY and 0.54% for LDUR.
GSY currently has the higher Sharpe Ratio (11.52 vs 2.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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