GSY vs. NECB
GSY (Invesco Ultra Short Duration ETF) is Ultrashort Bond fund actively managed by Invesco, while NECB (Northeast Community Bancorp, Inc.) is a stock. Over the past 10 years, GSY returned 2.86%/yr vs 20.80%/yr for NECB. At a 0.01 correlation, their price movements are largely independent.
Performance
GSY vs. NECB - Performance Comparison
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Returns By Period
In the year-to-date period, GSY achieves a 1.72% return, which is significantly lower than NECB's 16.88% return. Over the past 10 years, GSY has underperformed NECB with an annualized return of 2.86%, while NECB has yielded a comparatively higher 20.80% annualized return.
GSY
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 1.72%
- 6M
- 1.96%
- 1Y
- 4.52%
- 3Y*
- 5.48%
- 5Y*
- 3.68%
- 10Y*
- 2.86%
NECB
- 1D
- 1.33%
- 1M
- 9.99%
- YTD
- 16.88%
- 6M
- 13.37%
- 1Y
- 18.22%
- 3Y*
- 25.98%
- 5Y*
- 20.75%
- 10Y*
- 20.80%
GSY vs. NECB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 1.72% | 4.96% | 5.95% | 5.99% | 0.01% | 0.03% | 1.88% | 3.39% | 2.18% | 1.86% |
NECB Northeast Community Bancorp, Inc. | 16.88% | -3.51% | 41.77% | 20.41% | 38.91% | 10.09% | 16.28% | 9.72% | 11.13% | 29.67% |
Correlation
The correlation between GSY and NECB is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2008 | 0.01 |
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Return for Risk
GSY vs. NECB — Risk / Return Rank
GSY
NECB
GSY vs. NECB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) and Northeast Community Bancorp, Inc. (NECB). 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 | NECB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.52 | ||
| Sortino ratioReturn per unit of downside risk | +26.17 | ||
| Omega ratioGain probability vs. loss probability | 6.54 | 1.13 | +5.40 |
| Calmar ratioReturn relative to maximum drawdown | 75.72 | 0.97 | +74.74 |
| Martin ratioReturn relative to average drawdown | 373.96 | 1.99 | +371.97 |
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Drawdowns
GSY vs. NECB - Drawdown Comparison
The maximum GSY drawdown since its inception was -12.14%, smaller than the maximum NECB drawdown of -61.91%. Use the drawdown chart below to compare losses from any high point for GSY and NECB.
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Drawdown Indicators
| GSY | NECB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.14% | -61.91% | +49.77% |
Max Drawdown (1Y)Largest decline over 1 year | -0.06% | -18.77% | +18.71% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -34.54% | +34.36% |
Max Drawdown (5Y)Largest decline over 5 years | -1.48% | -34.54% | +33.06% |
Max Drawdown (10Y)Largest decline over 10 years | -5.25% | -47.80% | +42.55% |
Current DrawdownCurrent decline from peak | 0.00% | -11.33% | +11.33% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -24.85% | +22.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 9.20% | -9.19% |
Volatility
GSY vs. NECB - Volatility Comparison
The current volatility for Invesco Ultra Short Duration ETF (GSY) is 0.15%, while Northeast Community Bancorp, Inc. (NECB) has a volatility of 5.30%. This indicates that GSY experiences smaller price fluctuations and is considered to be less risky than NECB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSY | NECB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 5.30% | -5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 0.31% | 15.65% | -15.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.40% | 26.79% | -26.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 24.88% | -24.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.22% | 29.10% | -27.88% |
Dividends
GSY vs. NECB - Dividend Comparison
GSY's dividend yield for the trailing twelve months is around 4.34%, more than NECB's 3.85% 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% |
NECB Northeast Community Bancorp, Inc. | 3.85% | 4.20% | 2.29% | 1.01% | 2.82% | 1.82% | 1.09% | 1.00% | 1.08% | 1.19% | 1.52% | 1.69% |
Frequently Asked Questions
GSY and NECB have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NECB has higher volatility (5.30%) compared to GSY (0.15%). In terms of maximum drawdown, GSY dropped -12.14% vs NECB's -61.91%.
GSY currently has the higher Sharpe Ratio (11.20 vs 0.68), 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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