ICSH vs. GSST
Compare and contrast key facts about iShares Ultra Short Duration Bond Active ETF (ICSH) and Goldman Sachs Ultra Short Bond ETF (GSST).
ICSH and GSST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICSH is a passively managed fund by iShares that tracks the performance of the ICE BofA US 6-Month Treasury Bill Index (USD). It was launched on Dec 11, 2013. GSST is an actively managed fund by Goldman Sachs. It was launched on Apr 15, 2019.
Performance
ICSH vs. GSST - Performance Comparison
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ICSH vs. GSST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 0.79% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 2.09% |
GSST Goldman Sachs Ultra Short Bond ETF | 0.76% | 5.20% | 6.01% | 6.08% | 0.13% | 0.05% | 1.74% | 2.65% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ICSH having a 0.79% return and GSST slightly lower at 0.76%.
ICSH
- 1D
- 0.05%
- 1M
- 0.14%
- YTD
- 0.79%
- 6M
- 1.90%
- 1Y
- 4.42%
- 3Y*
- 5.23%
- 5Y*
- 3.56%
- 10Y*
- 2.71%
GSST
- 1D
- 0.00%
- 1M
- 0.06%
- YTD
- 0.76%
- 6M
- 1.85%
- 1Y
- 4.53%
- 3Y*
- 5.51%
- 5Y*
- 3.60%
- 10Y*
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ICSH vs. GSST - Expense Ratio Comparison
ICSH has a 0.08% expense ratio, which is lower than GSST's 0.16% 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%.
Return for Risk
ICSH vs. GSST — Risk / Return Rank
ICSH
GSST
ICSH vs. GSST - 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 Ultra Short Bond ETF (GSST). 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 | GSST | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 10.89 | 6.26 | +4.63 |
Sortino ratioReturn per unit of downside risk | 25.73 | 11.24 | +14.49 |
Omega ratioGain probability vs. loss probability | 6.44 | 3.25 | +3.19 |
Calmar ratioReturn relative to maximum drawdown | 44.98 | 18.35 | +26.63 |
Martin ratioReturn relative to average drawdown | 281.70 | 114.08 | +167.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICSH | GSST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.89 | 6.26 | +4.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 7.42 | 5.79 | +1.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.90 | 3.72 | -1.81 |
Correlation
The correlation between ICSH and GSST is 0.36, 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
ICSH vs. GSST - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 4.42%, which matches GSST's 4.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 4.42% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
GSST Goldman Sachs Ultra Short Bond ETF | 4.42% | 4.56% | 5.45% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ICSH vs. GSST - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, which is greater than GSST's maximum drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for ICSH and GSST.
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Drawdown Indicators
| ICSH | GSST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -3.51% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -0.25% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -0.73% | -1.19% | +0.46% |
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% | -0.17% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.04% | -0.02% |
Volatility
ICSH vs. GSST - Volatility Comparison
The current volatility for iShares Ultra Short Duration Bond Active ETF (ICSH) is 0.16%, while Goldman Sachs Ultra Short Bond ETF (GSST) has a volatility of 0.25%. This indicates that ICSH experiences smaller price fluctuations and is considered to be less risky than GSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICSH | GSST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 0.25% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 0.27% | 0.42% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 0.73% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.48% | 0.63% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 0.87% | +0.19% |