LDUR vs. GSY
Compare and contrast key facts about PIMCO Enhanced Low Duration Active ETF (LDUR) and Invesco Ultra Short Duration ETF (GSY).
LDUR and GSY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LDUR is an actively managed fund by PIMCO. It was launched on Jan 22, 2014. 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: LDUR or GSY.
Key characteristics
| LDUR | GSY | |
|---|---|---|
| YTD Return | 1.34% | 2.11% |
| 1Y Return | 5.28% | 6.12% |
| 3Y Return (Ann) | 0.56% | 2.65% |
| 5Y Return (Ann) | 1.72% | 2.43% |
| 10Y Return (Ann) | 2.04% | 2.12% |
| Sharpe Ratio | 2.32 | 9.47 |
| Daily Std Dev | 2.24% | 0.65% |
| Max Drawdown | -8.68% | -12.14% |
| Current Drawdown | -0.11% | 0.00% |
Correlation
The correlation between LDUR and GSY is 0.22, 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.
Performance
LDUR vs. GSY - Performance Comparison
In the year-to-date period, LDUR achieves a 1.34% return, which is significantly lower than GSY's 2.11% return. Both investments have delivered pretty close results over the past 10 years, with LDUR having a 2.04% annualized return and GSY not far ahead at 2.12%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LDUR vs. GSY - Expense Ratio Comparison
LDUR has a 0.56% expense ratio, which is higher than GSY's 0.22% expense ratio.
Risk-Adjusted Performance
LDUR vs. GSY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Low Duration Active ETF (LDUR) 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
LDUR vs. GSY - Dividend Comparison
LDUR's dividend yield for the trailing twelve months is around 5.29%, less than GSY's 5.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDUR PIMCO Enhanced Low Duration Active ETF | 5.29% | 4.87% | 2.22% | 0.90% | 2.15% | 3.14% | 3.36% | 2.08% | 1.85% | 2.92% | 1.66% | 0.00% |
GSY Invesco Ultra Short Duration ETF | 5.43% | 4.95% | 1.70% | 0.58% | 1.60% | 2.92% | 2.43% | 2.02% | 1.30% | 1.17% | 1.29% | 1.14% |
Drawdowns
LDUR vs. GSY - Drawdown Comparison
The maximum LDUR drawdown since its inception was -8.68%, smaller than the maximum GSY drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for LDUR and GSY. For additional features, visit the drawdowns tool.
Volatility
LDUR vs. GSY - Volatility Comparison
PIMCO Enhanced Low Duration Active ETF (LDUR) has a higher volatility of 0.44% compared to Invesco Ultra Short Duration ETF (GSY) at 0.16%. This indicates that LDUR'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.