GSY vs. NEAR
Compare and contrast key facts about Invesco Ultra Short Duration ETF (GSY) and iShares Short Maturity Bond ETF (NEAR).
GSY and NEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSY or NEAR.
Key characteristics
| GSY | NEAR | |
|---|---|---|
| YTD Return | 1.63% | 0.25% |
| 1Y Return | 5.90% | 5.79% |
| 3Y Return (Ann) | 2.51% | 2.66% |
| 5Y Return (Ann) | 2.38% | 2.34% |
| 10Y Return (Ann) | 2.08% | 1.88% |
| Sharpe Ratio | 8.96 | 4.29 |
| Daily Std Dev | 0.66% | 1.36% |
| Max Drawdown | -12.14% | -9.60% |
| Current Drawdown | 0.00% | -0.44% |
Correlation
The correlation between GSY and NEAR is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GSY vs. NEAR - Performance Comparison
In the year-to-date period, GSY achieves a 1.63% return, which is significantly higher than NEAR's 0.25% return. Over the past 10 years, GSY has outperformed NEAR with an annualized return of 2.08%, while NEAR has yielded a comparatively lower 1.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GSY vs. NEAR - Expense Ratio Comparison
GSY has a 0.22% expense ratio, which is lower than NEAR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
GSY vs. NEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) and iShares Short Maturity Bond ETF (NEAR). 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.
Dividends
GSY vs. NEAR - Dividend Comparison
GSY's dividend yield for the trailing twelve months is around 5.46%, more than NEAR's 4.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 5.46% | 4.95% | 1.70% | 0.58% | 1.60% | 2.92% | 2.43% | 2.02% | 1.30% | 1.17% | 1.29% | 1.14% |
NEAR iShares Short Maturity Bond ETF | 4.96% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% | 0.15% |
Drawdowns
GSY vs. NEAR - Drawdown Comparison
The maximum GSY drawdown since its inception was -12.14%, which is greater than NEAR's maximum drawdown of -9.60%. Use the drawdown chart below to compare losses from any high point for GSY and NEAR. For additional features, visit the drawdowns tool.
Volatility
GSY vs. NEAR - Volatility Comparison
The current volatility for Invesco Ultra Short Duration ETF (GSY) is 0.17%, while iShares Short Maturity Bond ETF (NEAR) has a volatility of 0.60%. This indicates that GSY experiences smaller price fluctuations and is considered to be less risky than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.