GSY vs. PADZX
Compare and contrast key facts about Invesco Ultra Short Duration ETF (GSY) and PGIM Absolute Return Bond Fund (PADZX).
GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008. PADZX is managed by PGIM. It was launched on Mar 29, 2011.
Performance
GSY vs. PADZX - Performance Comparison
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GSY vs. PADZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 0.82% | 4.96% | 5.95% | 5.99% | 0.01% | 0.03% | 1.88% | 3.39% | 2.18% | 1.86% |
PADZX PGIM Absolute Return Bond Fund | 0.36% | 5.10% | 7.48% | 6.11% | -1.55% | 1.87% | 0.59% | 11.10% | 0.71% | 6.67% |
Returns By Period
In the year-to-date period, GSY achieves a 0.82% return, which is significantly higher than PADZX's 0.36% return. Over the past 10 years, GSY has underperformed PADZX with an annualized return of 2.84%, while PADZX has yielded a comparatively higher 4.26% annualized return.
GSY
- 1D
- 0.02%
- 1M
- 0.10%
- YTD
- 0.82%
- 6M
- 1.89%
- 1Y
- 4.56%
- 3Y*
- 5.49%
- 5Y*
- 3.52%
- 10Y*
- 2.84%
PADZX
- 1D
- 0.00%
- 1M
- -0.54%
- YTD
- 0.36%
- 6M
- 1.62%
- 1Y
- 4.44%
- 3Y*
- 6.11%
- 5Y*
- 3.89%
- 10Y*
- 4.26%
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GSY vs. PADZX - Expense Ratio Comparison
GSY has a 0.22% expense ratio, which is lower than PADZX's 0.72% expense ratio.
Return for Risk
GSY vs. PADZX — Risk / Return Rank
GSY
PADZX
GSY vs. PADZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) and PGIM Absolute Return Bond Fund (PADZX). 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 | PADZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 10.78 | 2.52 | +8.26 |
Sortino ratioReturn per unit of downside risk | 24.39 | 5.56 | +18.83 |
Omega ratioGain probability vs. loss probability | 6.45 | 2.25 | +4.20 |
Calmar ratioReturn relative to maximum drawdown | 25.29 | 4.98 | +20.31 |
Martin ratioReturn relative to average drawdown | 176.96 | 18.39 | +158.57 |
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 | PADZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.78 | 2.52 | +8.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 6.07 | 1.89 | +4.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.33 | 1.37 | +0.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.17 | -0.72 |
Correlation
The correlation between GSY and PADZX is 0.00, 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.
Dividends
GSY vs. PADZX - Dividend Comparison
GSY's dividend yield for the trailing twelve months is around 4.43%, less than PADZX's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 4.43% | 4.56% | 5.31% | 4.95% | 1.70% | 0.58% | 1.45% | 2.71% | 2.30% | 1.80% | 1.21% | 1.17% |
PADZX PGIM Absolute Return Bond Fund | 4.68% | 5.07% | 5.18% | 4.09% | 2.89% | 2.40% | 3.41% | 10.79% | 5.02% | 2.75% | 2.36% | 2.38% |
Drawdowns
GSY vs. PADZX - Drawdown Comparison
The maximum GSY drawdown since its inception was -12.14%, smaller than the maximum PADZX drawdown of -17.99%. Use the drawdown chart below to compare losses from any high point for GSY and PADZX.
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Drawdown Indicators
| GSY | PADZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.14% | -17.99% | +5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -0.87% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -1.48% | -4.05% | +2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -5.25% | -17.99% | +12.74% |
Current DrawdownCurrent decline from peak | 0.00% | -0.65% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -0.96% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.27% | -0.24% |
Volatility
GSY vs. PADZX - Volatility Comparison
The current volatility for Invesco Ultra Short Duration ETF (GSY) is 0.15%, while PGIM Absolute Return Bond Fund (PADZX) has a volatility of 0.35%. This indicates that GSY experiences smaller price fluctuations and is considered to be less risky than PADZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSY | PADZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.35% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 0.28% | 1.16% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.43% | 1.80% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 2.06% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.22% | 3.13% | -1.91% |