GSY vs. ULST
Compare and contrast key facts about Invesco Ultra Short Duration ETF (GSY) and SPDR SSgA Ultra Short Term Bond ETF (ULST).
GSY and ULST 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. ULST is an actively managed fund by State Street. It was launched on Oct 9, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSY or ULST.
Performance
GSY vs. ULST - Performance Comparison
Returns By Period
In the year-to-date period, GSY achieves a 5.29% return, which is significantly higher than ULST's 4.71% return. Over the past 10 years, GSY has outperformed ULST with an annualized return of 2.41%, while ULST has yielded a comparatively lower 2.11% annualized return.
GSY
5.29%
0.37%
3.07%
6.44%
2.69%
2.41%
ULST
4.71%
0.24%
2.79%
5.80%
2.62%
2.11%
Key characteristics
| GSY | ULST | |
|---|---|---|
| Sharpe Ratio | 10.80 | 4.93 |
| Sortino Ratio | 27.13 | 8.07 |
| Omega Ratio | 6.11 | 2.66 |
| Calmar Ratio | 65.06 | 10.70 |
| Martin Ratio | 335.07 | 81.77 |
| Ulcer Index | 0.02% | 0.07% |
| Daily Std Dev | 0.60% | 1.18% |
| Max Drawdown | -12.14% | -6.19% |
| Current Drawdown | -0.02% | 0.00% |
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GSY vs. ULST - Expense Ratio Comparison
GSY has a 0.22% expense ratio, which is higher than ULST's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between GSY and ULST is 0.20, 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.
Risk-Adjusted Performance
GSY vs. ULST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) and SPDR SSgA Ultra Short Term Bond ETF (ULST). 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. ULST - Dividend Comparison
GSY's dividend yield for the trailing twelve months is around 5.70%, more than ULST's 5.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 5.70% | 4.95% | 1.70% | 0.58% | 1.60% | 2.91% | 2.42% | 2.02% | 1.30% | 1.17% | 1.29% | 1.15% |
ULST SPDR SSgA Ultra Short Term Bond ETF | 5.08% | 4.45% | 1.71% | 0.54% | 1.34% | 2.56% | 2.13% | 1.21% | 0.93% | 0.37% | 0.34% | 0.06% |
Drawdowns
GSY vs. ULST - Drawdown Comparison
The maximum GSY drawdown since its inception was -12.14%, which is greater than ULST's maximum drawdown of -6.19%. Use the drawdown chart below to compare losses from any high point for GSY and ULST. For additional features, visit the drawdowns tool.
Volatility
GSY vs. ULST - Volatility Comparison
The current volatility for Invesco Ultra Short Duration ETF (GSY) is 0.13%, while SPDR SSgA Ultra Short Term Bond ETF (ULST) has a volatility of 0.18%. This indicates that GSY experiences smaller price fluctuations and is considered to be less risky than ULST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.