GSY vs. VPN
GSY (Invesco Ultra Short Duration ETF) and VPN (Global X Data Center REITs & Digital Infrastructure ETF) are both exchange-traded funds - GSY is a Ultrashort Bond fund actively managed by Invesco, while VPN is a Technology Equities fund tracking the Solactive Data Center REITs & Digital Infrastructure Index. GSY is actively managed, while VPN is passively managed. Over the past 5 years, GSY returned 3.69%/yr vs 14.89%/yr for VPN. At a 0.18 correlation, their price movements are largely independent. GSY charges 0.22%/yr vs 0.50%/yr for VPN.
Performance
GSY vs. VPN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GSY achieves a 1.76% return, which is significantly lower than VPN's 51.28% return.
GSY
- 1D
- 0.04%
- 1M
- 0.32%
- YTD
- 1.76%
- 6M
- 1.90%
- 1Y
- 4.41%
- 3Y*
- 5.46%
- 5Y*
- 3.69%
- 10Y*
- 2.86%
VPN
- 1D
- 1.85%
- 1M
- 4.48%
- YTD
- 51.28%
- 6M
- 54.75%
- 1Y
- 78.03%
- 3Y*
- 34.37%
- 5Y*
- 14.89%
- 10Y*
- —
GSY vs. VPN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 1.76% | 4.96% | 5.95% | 5.99% | 0.01% | 0.03% | 0.23% |
VPN Global X Data Center REITs & Digital Infrastructure ETF | 51.28% | 28.99% | 14.92% | 18.93% | -30.89% | 20.35% | 6.60% |
Correlation
The correlation between GSY and VPN is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020 | 0.18 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GSY vs. VPN — Risk / Return Rank
GSY
VPN
GSY vs. VPN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) and Global X Data Center REITs & Digital Infrastructure ETF (VPN). 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 | VPN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.44 | ||
| Sortino ratioReturn per unit of downside risk | +21.25 | ||
| Omega ratioGain probability vs. loss probability | 6.08 | 1.54 | +4.55 |
| Calmar ratioReturn relative to maximum drawdown | 74.67 | 6.05 | +68.62 |
| Martin ratioReturn relative to average drawdown | 350.46 | 18.62 | +331.84 |
Loading charts...
Drawdowns
GSY vs. VPN - Drawdown Comparison
The maximum GSY drawdown since its inception was -12.14%, smaller than the maximum VPN drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for GSY and VPN.
Loading charts...
Drawdown Indicators
| GSY | VPN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.14% | -38.98% | +26.84% |
Max Drawdown (1Y)Largest decline over 1 year | -0.06% | -12.89% | +12.83% |
Max Drawdown (3Y)Largest decline over 3 years | -0.18% | -24.96% | +24.78% |
Max Drawdown (5Y)Largest decline over 5 years | -1.48% | -38.98% | +37.50% |
Max Drawdown (10Y)Largest decline over 10 years | -5.25% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -1.57% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -12.29% | +9.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 4.18% | -4.17% |
Volatility
GSY vs. VPN - Volatility Comparison
The current volatility for Invesco Ultra Short Duration ETF (GSY) is 0.15%, while Global X Data Center REITs & Digital Infrastructure ETF (VPN) has a volatility of 9.23%. This indicates that GSY experiences smaller price fluctuations and is considered to be less risky than VPN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GSY | VPN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 9.23% | -9.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.31% | 18.31% | -18.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 22.99% | -22.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 22.09% | -21.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.22% | 22.07% | -20.85% |
GSY vs. VPN - Expense Ratio Comparison
GSY has a 0.22% expense ratio, which is lower than VPN's 0.50% expense ratio.
Dividends
GSY vs. VPN - Dividend Comparison
GSY's dividend yield for the trailing twelve months is around 4.33%, more than VPN's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 4.33% | 4.56% | 5.31% | 4.95% | 1.70% | 0.58% | 1.45% | 2.71% | 2.30% | 1.80% | 1.21% | 1.17% |
VPN Global X Data Center REITs & Digital Infrastructure ETF | 0.73% | 1.10% | 1.72% | 1.18% | 2.57% | 1.27% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GSY and VPN have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VPN has higher volatility (9.23%) compared to GSY (0.15%). In terms of maximum drawdown, GSY dropped -12.14% vs VPN's -38.98%.
On 5-year performance, VPN leads with 14.89% vs 3.69% for GSY. On fees, GSY is cheaper at 0.22% per year. On volatility, GSY has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VPN has performed better with a 14.89% return vs 3.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSY is cheaper with a 0.22% expense ratio, compared with 0.50% for VPN.
GSY has the higher dividend yield at 4.33%, compared with 0.73% for VPN.
GSY is categorized as Ultrashort Bond, while VPN is Technology Equities. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.22% for GSY and 0.50% for VPN.
GSY currently has the higher Sharpe Ratio (10.83 vs 3.39), 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.
Find the right allocation for GSY and VPN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer