IBTE vs. GSY
Compare and contrast key facts about iShares iBonds Dec 2024 Term Treasury ETF (IBTE) and Invesco Ultra Short Duration ETF (GSY).
IBTE and GSY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTE is a passively managed fund by iShares that tracks the performance of the ICE 2024 Maturity US Treasury Index. It was launched on Feb 25, 2020. 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: IBTE or GSY.
Performance
IBTE vs. GSY - Performance Comparison
Returns By Period
In the year-to-date period, IBTE achieves a 4.47% return, which is significantly lower than GSY's 5.29% return.
IBTE
4.47%
0.38%
2.56%
5.21%
N/A
N/A
GSY
5.29%
0.37%
3.07%
6.44%
2.69%
2.41%
Key characteristics
| IBTE | GSY | |
|---|---|---|
| Sharpe Ratio | 9.15 | 10.80 |
| Sortino Ratio | 22.16 | 27.13 |
| Omega Ratio | 4.75 | 6.11 |
| Calmar Ratio | 2.20 | 65.06 |
| Martin Ratio | 319.51 | 335.07 |
| Ulcer Index | 0.02% | 0.02% |
| Daily Std Dev | 0.57% | 0.60% |
| Max Drawdown | -6.78% | -12.14% |
| Current Drawdown | 0.00% | -0.02% |
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IBTE vs. GSY - Expense Ratio Comparison
IBTE has a 0.07% expense ratio, which is lower than GSY's 0.22% 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%.
Correlation
The correlation between IBTE and GSY is 0.39, 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
IBTE vs. GSY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Treasury ETF (IBTE) 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
IBTE vs. GSY - Dividend Comparison
IBTE's dividend yield for the trailing twelve months is around 4.73%, less than GSY's 5.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTE iShares iBonds Dec 2024 Term Treasury ETF | 4.73% | 4.22% | 2.00% | 0.46% | 0.73% | 0.00% | 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
IBTE vs. GSY - Drawdown Comparison
The maximum IBTE drawdown since its inception was -6.78%, smaller than the maximum GSY drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for IBTE and GSY. For additional features, visit the drawdowns tool.
Volatility
IBTE vs. GSY - Volatility Comparison
iShares iBonds Dec 2024 Term Treasury ETF (IBTE) has a higher volatility of 0.17% compared to Invesco Ultra Short Duration ETF (GSY) at 0.13%. This indicates that IBTE'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.