GSY vs. MINT
GSY (Invesco Ultra Short Duration ETF) and MINT (PIMCO Enhanced Short Maturity Active ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past 10 years, GSY returned 2.86%/yr vs 2.72%/yr for MINT. At a 0.24 correlation, their price movements are largely independent. GSY charges 0.22%/yr vs 0.36%/yr for MINT.
Performance
GSY vs. MINT - Performance Comparison
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Returns By Period
In the year-to-date period, GSY achieves a 1.79% return, which is significantly lower than MINT's 2.04% return. Both investments have delivered pretty close results over the past 10 years, with GSY having a 2.86% annualized return and MINT not far behind at 2.72%.
GSY
- 1D
- 0.03%
- 1M
- 0.35%
- YTD
- 1.79%
- 6M
- 1.87%
- 1Y
- 4.45%
- 3Y*
- 5.42%
- 5Y*
- 3.69%
- 10Y*
- 2.86%
MINT
- 1D
- -0.03%
- 1M
- 0.33%
- YTD
- 2.04%
- 6M
- 2.17%
- 1Y
- 4.66%
- 3Y*
- 5.35%
- 5Y*
- 3.52%
- 10Y*
- 2.72%
GSY vs. MINT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 1.79% | 4.96% | 5.95% | 5.99% | 0.01% | 0.03% | 1.88% | 3.39% | 2.18% | 1.86% |
MINT PIMCO Enhanced Short Maturity Active ETF | 2.04% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 1.62% | 3.34% | 1.72% | 1.86% |
Correlation
The correlation between GSY and MINT is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.24 |
The correlation between GSY and MINT shifts across timeframes, from 0.06 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GSY vs. MINT — Risk / Return Rank
GSY
MINT
GSY vs. MINT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) and PIMCO Enhanced Short Maturity Active ETF (MINT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSY | MINT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.00 | ||
| Sortino ratioReturn per unit of downside risk | -35.39 | ||
| Omega ratioGain probability vs. loss probability | 6.07 | 18.96 | -12.89 |
| Calmar ratioReturn relative to maximum drawdown | 74.56 | 94.08 | -19.52 |
| Martin ratioReturn relative to average drawdown | 349.93 | 889.37 | -539.43 |
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Drawdowns
GSY vs. MINT - Drawdown Comparison
The maximum GSY drawdown since its inception was -12.14%, which is greater than MINT's maximum drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for GSY and MINT.
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Drawdown Indicators
| GSY | MINT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.14% | -4.62% | -7.52% |
Max Drawdown (1Y)Largest decline over 1 year | -0.06% | -0.05% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -0.16% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -1.48% | -2.42% | +0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -5.25% | -4.62% | -0.63% |
Current DrawdownCurrent decline from peak | 0.00% | -0.03% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -0.17% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.01% | 0.00% |
Volatility
GSY vs. MINT - Volatility Comparison
Invesco Ultra Short Duration ETF (GSY) has a higher volatility of 0.15% compared to PIMCO Enhanced Short Maturity Active ETF (MINT) at 0.11%. This indicates that GSY's price experiences larger fluctuations and is considered to be riskier than MINT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSY | MINT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.11% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 0.31% | 0.21% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 0.28% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 0.58% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.22% | 0.95% | +0.27% |
GSY vs. MINT - Expense Ratio Comparison
GSY has a 0.22% expense ratio, which is lower than MINT's 0.36% expense ratio.
Dividends
GSY vs. MINT - Dividend Comparison
GSY's dividend yield for the trailing twelve months is around 4.70%, more than MINT's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 4.70% | 4.56% | 5.31% | 4.95% | 1.70% | 0.58% | 1.45% | 2.71% | 2.30% | 1.80% | 1.21% | 1.17% |
MINT PIMCO Enhanced Short Maturity Active ETF | 4.28% | 4.63% | 5.22% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% |
Frequently Asked Questions
GSY and MINT have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSY has higher volatility (0.15%) compared to MINT (0.11%). In terms of maximum drawdown, GSY dropped -12.14% vs MINT's -4.62%.
On 10-year performance, GSY leads with 2.86% vs 2.72% for MINT. On fees, GSY is cheaper at 0.22% per year. Their volatility is very similar. 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 2.72%. 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 0.36% for MINT.
GSY has the higher dividend yield at 4.70%, compared with 4.28% for MINT.
They also come from different issuers: Invesco and PIMCO. Their fees differ too: 0.22% for GSY and 0.36% for MINT.
MINT currently has the higher Sharpe Ratio (16.83 vs 10.83), 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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