GSY vs. XG7S.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Ultra Short Duration ETF (GSY) and Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE).

GSY and XG7S.DE 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. XG7S.DE is a passively managed fund by Xtrackers that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Aug 14, 2013.

Performance

GSY vs. XG7S.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Ultra Short Duration ETF (GSY) and Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE). The values are adjusted to include any dividend payments, if applicable.

GSY vs. XG7S.DE - 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%
XG7S.DE Xtrackers Global Government Bond UCITS ETF 5C	-1.12%	7.58%	-3.67%	4.23%	-18.23%	-7.40%	10.38%	5.67%	-1.46%	7.78%

Different Trading Currencies

GSY is traded in USD, while XG7S.DE is traded in EUR. To make them comparable, the XG7S.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GSY achieves a 0.82% return, which is significantly higher than XG7S.DE's -1.12% return. Over the past 10 years, GSY has outperformed XG7S.DE with an annualized return of 2.84%, while XG7S.DE has yielded a comparatively lower -0.49% 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%

XG7S.DE

• 1D: 0.08%
• 1M: -2.30%
• YTD: -1.12%
• 6M: -1.47%
• 1Y: 3.06%
• 3Y*: 1.32%
• 5Y*: -3.08%
• 10Y*: -0.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GSY vs. XG7S.DE - Expense Ratio Comparison

GSY has a 0.22% expense ratio, which is higher than XG7S.DE'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%.

GSY

Invesco Ultra Short Duration ETF

XG7S.DE

Xtrackers Global Government Bond UCITS ETF 5C

Return for Risk

GSY vs. XG7S.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GSY

GSY Risk / Return Rank: 99
GSY Sharpe Ratio Rank: 100
GSY Sortino Ratio Rank: 100
GSY Omega Ratio Rank: 100
GSY Calmar Ratio Rank: 99
GSY Martin Ratio Rank: 99

XG7S.DE

XG7S.DE Risk / Return Rank: 2
XG7S.DE Sharpe Ratio Rank: 1
XG7S.DE Sortino Ratio Rank: 2
XG7S.DE Omega Ratio Rank: 1
XG7S.DE Calmar Ratio Rank: 2
XG7S.DE Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GSY vs. XG7S.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) and Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE). 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	XG7S.DE	Difference
Sharpe ratio Return per unit of total volatility	10.78	0.43	+10.35
Sortino ratio Return per unit of downside risk	24.39	0.68	+23.72
Omega ratio Gain probability vs. loss probability	6.45	1.08	+5.37
Calmar ratio Return relative to maximum drawdown	25.29	0.74	+24.56
Martin ratio Return relative to average drawdown	176.96	2.07	+174.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSY vs. XG7S.DE - Sharpe Ratio Comparison

The current GSY Sharpe Ratio is 10.78, which is higher than the XG7S.DE Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of GSY and XG7S.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GSY	XG7S.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	10.78	0.43	+10.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	6.07	-0.39	+6.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	2.33	-0.07	+2.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	-0.01	+0.46

Correlation

The correlation between GSY and XG7S.DE is 0.24, 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. XG7S.DE - Dividend Comparison

GSY's dividend yield for the trailing twelve months is around 4.43%, while XG7S.DE has not paid dividends to shareholders.

	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%
XG7S.DE Xtrackers Global Government Bond UCITS ETF 5C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GSY vs. XG7S.DE - Drawdown Comparison

The maximum GSY drawdown since its inception was -12.14%, smaller than the maximum XG7S.DE drawdown of -29.23%. Use the drawdown chart below to compare losses from any high point for GSY and XG7S.DE.

Drawdown Indicators

	GSY	XG7S.DE	Difference
Max Drawdown Largest peak-to-trough decline	-12.14%	-21.08%	+8.94%
Max Drawdown (1Y) Largest decline over 1 year	-0.18%	-5.45%	+5.27%
Max Drawdown (5Y) Largest decline over 5 years	-1.48%	-18.20%	+16.72%
Max Drawdown (10Y) Largest decline over 10 years	-5.25%	-21.08%	+15.83%
Current Drawdown Current decline from peak	0.00%	-19.14%	+19.14%
Average Drawdown Average peak-to-trough decline	-2.41%	-8.62%	+6.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	3.94%	-3.91%

Volatility

GSY vs. XG7S.DE - Volatility Comparison

The current volatility for Invesco Ultra Short Duration ETF (GSY) is 0.15%, while Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE) has a volatility of 2.57%. This indicates that GSY experiences smaller price fluctuations and is considered to be less risky than XG7S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSY	XG7S.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.15%	2.57%	-2.42%
Volatility (6M) Calculated over the trailing 6-month period	0.28%	4.08%	-3.80%
Volatility (1Y) Calculated over the trailing 1-year period	0.43%	7.16%	-6.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.58%	7.76%	-7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.22%	7.09%	-5.87%