KCSH vs. GBIL
KCSH (KraneShares Sustainable Ultra Short Duration Index ETF) and GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) are both exchange-traded funds - KCSH is a Ultrashort Bond fund tracking the Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index, 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 year, KCSH returned 3.93% vs 3.89% for GBIL. At a 0.18 correlation, their price movements are largely independent. KCSH charges 0.20%/yr vs 0.12%/yr for GBIL.
Performance
KCSH vs. GBIL - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with KCSH having a 1.38% return and GBIL slightly higher at 1.44%.
KCSH
- 1D
- -0.10%
- 1M
- 0.20%
- YTD
- 1.38%
- 6M
- 1.70%
- 1Y
- 3.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBIL
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.44%
- 6M
- 1.75%
- 1Y
- 3.89%
- 3Y*
- 4.64%
- 5Y*
- 3.32%
- 10Y*
- —
KCSH vs. GBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 1.38% | 4.49% | 1.94% |
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 1.44% | 4.12% | 2.25% |
Correlation
The correlation between KCSH and GBIL is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2024 | 0.18 |
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
KCSH vs. GBIL — Risk / Return Rank
KCSH
GBIL
KCSH vs. GBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) 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.
| KCSH | GBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.70 | ||
| Sortino ratioReturn per unit of downside risk | -97.87 | ||
| Omega ratioGain probability vs. loss probability | 2.09 | 39.22 | -37.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.78 | 195.39 | -188.60 |
| Martin ratioReturn relative to average drawdown | 57.03 | 1,656.50 | -1,599.47 |
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
| KCSH | GBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | 16.89 | -13.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 5.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.21 | 4.88 | -1.66 |
Drawdowns
KCSH vs. GBIL - Drawdown Comparison
The maximum KCSH drawdown since its inception was -0.58%, smaller than the maximum GBIL drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for KCSH and GBIL.
Loading charts...
Drawdown Indicators
| KCSH | GBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.58% | -0.76% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.58% | -0.02% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.76% | — |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.04% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.00% | +0.07% |
Volatility
KCSH vs. GBIL - Volatility Comparison
KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) has a higher volatility of 0.13% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.04%. This indicates that KCSH'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
| KCSH | GBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 0.04% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 0.83% | 0.14% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 0.23% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.33% | 0.58% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.33% | 0.47% | +0.86% |
KCSH vs. GBIL - Expense Ratio Comparison
KCSH has a 0.20% expense ratio, which is higher than GBIL's 0.12% 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%.
Dividends
KCSH vs. GBIL - Dividend Comparison
KCSH's dividend yield for the trailing twelve months is around 3.97%, more than GBIL's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 3.97% | 4.35% | 2.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KCSH and GBIL have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KCSH has higher volatility (0.13%) compared to GBIL (0.04%). In terms of maximum drawdown, KCSH dropped -0.58% vs GBIL's -0.76%.
On 1-year performance, KCSH leads with 3.93% vs 3.89% for GBIL. On fees, GBIL is cheaper at 0.12% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KCSH has performed better with a 3.93% return vs 3.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GBIL is cheaper with a 0.12% expense ratio, compared with 0.20% for KCSH.
KCSH has the higher dividend yield at 3.97%, compared with 3.74% for GBIL.
KCSH is categorized as Ultrashort Bond, while GBIL is Government Bonds. KCSH tracks Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index, while GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index. They also come from different issuers: KraneShares and Goldman Sachs. Their fees differ too: 0.20% for KCSH and 0.12% for GBIL.
GBIL currently has the higher Sharpe Ratio (16.89 vs 3.18), 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 KCSH 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