ICSH vs. GBIL
ICSH (iShares Ultra Short Duration Bond Active ETF) and GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) are both exchange-traded funds - ICSH is a Ultrashort Bond fund tracking the ICE BofA US 6-Month Treasury Bill Index (USD), while GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index. Both are passively managed. Over the past 5 years, ICSH returned 3.67%/yr vs 3.32%/yr for GBIL. At a 0.27 correlation, their price movements are largely independent. ICSH charges 0.08%/yr vs 0.12%/yr for GBIL.
Performance
ICSH vs. GBIL - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with ICSH having a 1.45% return and GBIL slightly lower at 1.42%.
ICSH
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 1.45%
- 6M
- 1.79%
- 1Y
- 4.36%
- 3Y*
- 5.20%
- 5Y*
- 3.67%
- 10Y*
- 2.76%
GBIL
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.42%
- 6M
- 1.73%
- 1Y
- 3.91%
- 3Y*
- 4.64%
- 5Y*
- 3.32%
- 10Y*
- —
ICSH vs. GBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 1.45% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.63% |
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 1.42% | 4.12% | 5.24% | 4.91% | 1.05% | -0.08% | 0.79% | 2.31% | 1.78% | 0.69% |
Correlation
The correlation between ICSH and GBIL is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2016 | 0.27 |
The correlation between ICSH and GBIL shifts across timeframes, from 0.27 (all time) to 0.41 (5 years), reflecting how their relationship changes across market environments.
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
ICSH vs. GBIL — Risk / Return Rank
ICSH
GBIL
ICSH vs. GBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short Duration Bond Active ETF (ICSH) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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.
| ICSH | GBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.66 | ||
| Sortino ratioReturn per unit of downside risk | -74.43 | ||
| Omega ratioGain probability vs. loss probability | 6.79 | 39.42 | -32.63 |
| Calmar ratioReturn relative to maximum drawdown | 44.30 | 196.43 | -152.14 |
| Martin ratioReturn relative to average drawdown | 297.17 | 1,608.66 | -1,311.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ICSH | GBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 11.22 | 16.89 | -5.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 7.64 | 5.78 | +1.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.93 | 4.87 | -2.94 |
Drawdowns
ICSH vs. GBIL - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for ICSH and GBIL.
Loading charts...
Drawdown Indicators
| ICSH | GBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -0.76% | -3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -0.02% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | -0.76% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -0.73% | -0.76% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -0.04% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.00% | +0.01% |
Volatility
ICSH vs. GBIL - Volatility Comparison
iShares Ultra Short Duration Bond Active ETF (ICSH) has a higher volatility of 0.15% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.04%. This indicates that ICSH's price experiences larger fluctuations and is considered to be riskier than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ICSH | GBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.04% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 0.14% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.39% | 0.23% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.48% | 0.58% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 0.47% | +0.59% |
ICSH vs. GBIL - Expense Ratio Comparison
ICSH has a 0.08% expense ratio, which is lower than GBIL's 0.12% 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%.
Dividends
ICSH vs. GBIL - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 4.34%, more than GBIL's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 3.74% | 4.02% | 4.93% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% | 0.00% |
ICSH iShares Ultra Short Duration Bond Active ETF | 4.34% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
Frequently Asked Questions
ICSH and GBIL have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICSH has higher volatility (0.15%) compared to GBIL (0.04%). In terms of maximum drawdown, ICSH dropped -3.94% vs GBIL's -0.76%.
On 5-year performance, ICSH leads with 3.67% vs 3.32% for GBIL. On fees, ICSH is cheaper at 0.08% per year. On volatility, GBIL has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ICSH has performed better with a 3.67% return vs 3.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICSH is cheaper with a 0.08% expense ratio, compared with 0.12% for GBIL.
ICSH has the higher dividend yield at 4.34%, compared with 3.74% for GBIL.
ICSH is categorized as Ultrashort Bond, while GBIL is Government Bonds. ICSH tracks ICE BofA US 6-Month Treasury Bill Index (USD), while GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.08% for ICSH and 0.12% for GBIL.
GBIL currently has the higher Sharpe Ratio (16.89 vs 11.22), 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 ICSH and GBIL
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