IBHD vs. GSY
Compare and contrast key facts about iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Invesco Ultra Short Duration ETF (GSY).
IBHD and GSY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBHD or GSY.
Performance
IBHD vs. GSY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with IBHD having a 5.43% return and GSY slightly lower at 5.29%.
IBHD
5.43%
0.37%
2.99%
6.65%
4.12%
N/A
GSY
5.29%
0.37%
3.07%
6.44%
2.69%
2.41%
Key characteristics
| IBHD | GSY | |
|---|---|---|
| Sharpe Ratio | 4.04 | 10.80 |
| Sortino Ratio | 6.26 | 27.13 |
| Omega Ratio | 2.03 | 6.11 |
| Calmar Ratio | 13.18 | 65.06 |
| Martin Ratio | 76.15 | 335.07 |
| Ulcer Index | 0.09% | 0.02% |
| Daily Std Dev | 1.68% | 0.60% |
| Max Drawdown | -20.11% | -12.14% |
| Current Drawdown | 0.00% | -0.02% |
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IBHD vs. GSY - Expense Ratio Comparison
IBHD has a 0.35% expense ratio, which is higher than GSY's 0.22% expense ratio.
Correlation
The correlation between IBHD and GSY is 0.12, 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
IBHD vs. GSY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Invesco Ultra Short Duration ETF (GSY). 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
IBHD vs. GSY - Dividend Comparison
IBHD's dividend yield for the trailing twelve months is around 6.26%, more than GSY's 5.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.26% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
IBHD vs. GSY - Drawdown Comparison
The maximum IBHD drawdown since its inception was -20.11%, which is greater than GSY's maximum drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for IBHD and GSY. For additional features, visit the drawdowns tool.
Volatility
IBHD vs. GSY - Volatility Comparison
iShares iBonds 2024 Term High Yield & Income ETF (IBHD) has a higher volatility of 0.25% compared to Invesco Ultra Short Duration ETF (GSY) at 0.13%. This indicates that IBHD's price experiences larger fluctuations and is considered to be riskier than GSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.