GSY vs. VNLA
Compare and contrast key facts about Invesco Ultra Short Duration ETF (GSY) and Janus Henderson Short Duration Income ETF (VNLA).
GSY and VNLA 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. VNLA is an actively managed fund by Janus Henderson. It was launched on Nov 16, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSY or VNLA.
Key characteristics
| GSY | VNLA | |
|---|---|---|
| YTD Return | 1.65% | 1.36% |
| 1Y Return | 5.92% | 5.72% |
| 3Y Return (Ann) | 2.52% | 2.44% |
| 5Y Return (Ann) | 2.38% | 2.44% |
| Sharpe Ratio | 9.00 | 5.10 |
| Daily Std Dev | 0.66% | 1.10% |
| Max Drawdown | -12.14% | -4.49% |
| Current Drawdown | 0.00% | -0.02% |
Correlation
The correlation between GSY and VNLA is 0.27, 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. VNLA - Performance Comparison
In the year-to-date period, GSY achieves a 1.65% return, which is significantly higher than VNLA's 1.36% 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. VNLA - Expense Ratio Comparison
GSY has a 0.22% expense ratio, which is lower than VNLA's 0.26% 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. VNLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) and Janus Henderson Short Duration Income ETF (VNLA). 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. VNLA - Dividend Comparison
GSY's dividend yield for the trailing twelve months is around 5.46%, more than VNLA's 4.31% 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% |
VNLA Janus Henderson Short Duration Income ETF | 4.31% | 3.95% | 4.35% | 1.67% | 1.21% | 3.13% | 3.74% | 1.79% | 0.08% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSY vs. VNLA - Drawdown Comparison
The maximum GSY drawdown since its inception was -12.14%, which is greater than VNLA's maximum drawdown of -4.49%. Use the drawdown chart below to compare losses from any high point for GSY and VNLA. For additional features, visit the drawdowns tool.
Volatility
GSY vs. VNLA - Volatility Comparison
The current volatility for Invesco Ultra Short Duration ETF (GSY) is 0.17%, while Janus Henderson Short Duration Income ETF (VNLA) has a volatility of 0.37%. This indicates that GSY experiences smaller price fluctuations and is considered to be less risky than VNLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.