LDUR vs. GSY
LDUR (PIMCO Enhanced Low Duration Active ETF) and GSY (Invesco Ultra Short Duration ETF) are both exchange-traded funds - LDUR is a Short-Term Bond fund actively managed by PIMCO, while GSY is a Ultrashort Bond fund actively managed by Invesco. Both are actively managed. Over the past 10 years, LDUR returned 2.46%/yr vs 2.86%/yr for GSY. At a 0.27 correlation, their price movements are largely independent. LDUR charges 0.54%/yr vs 0.22%/yr for GSY.
Performance
LDUR vs. GSY - Performance Comparison
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Returns By Period
In the year-to-date period, LDUR achieves a 1.11% return, which is significantly lower than GSY's 1.81% return. Over the past 10 years, LDUR has underperformed GSY with an annualized return of 2.46%, while GSY has yielded a comparatively higher 2.86% annualized return.
LDUR
- 1D
- 0.12%
- 1M
- 0.33%
- YTD
- 1.11%
- 6M
- 1.29%
- 1Y
- 4.15%
- 3Y*
- 5.20%
- 5Y*
- 2.31%
- 10Y*
- 2.46%
GSY
- 1D
- 0.02%
- 1M
- 0.37%
- YTD
- 1.81%
- 6M
- 1.91%
- 1Y
- 4.45%
- 3Y*
- 5.42%
- 5Y*
- 3.70%
- 10Y*
- 2.86%
LDUR vs. GSY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LDUR PIMCO Enhanced Low Duration Active ETF | 1.11% | 5.76% | 5.14% | 4.78% | -4.23% | -0.55% | 4.49% | 4.27% | 1.05% | 2.06% |
GSY Invesco Ultra Short Duration ETF | 1.81% | 4.96% | 5.95% | 5.99% | 0.01% | 0.03% | 1.88% | 3.39% | 2.18% | 1.86% |
Correlation
The correlation between LDUR and GSY is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2014 | 0.27 |
The correlation between LDUR and GSY shifts across timeframes, from 0.27 (all time) to 0.55 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LDUR vs. GSY — Risk / Return Rank
LDUR
GSY
LDUR vs. GSY - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LDUR | GSY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.13 | ||
| Sortino ratioReturn per unit of downside risk | -21.21 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 6.07 | -4.54 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | 74.55 | -70.08 |
| Martin ratioReturn relative to average drawdown | 21.51 | 349.91 | -328.40 |
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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.
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Drawdown Indicators
| LDUR | GSY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.68% | -12.14% | +3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -0.06% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -1.17% | -0.18% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -6.75% | -1.48% | -5.27% |
Max Drawdown (10Y)Largest decline over 10 years | -8.68% | -5.25% | -3.43% |
Current DrawdownCurrent decline from peak | -0.12% | 0.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -2.38% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 0.01% | +0.18% |
Volatility
LDUR vs. GSY - Volatility Comparison
PIMCO Enhanced Low Duration Active ETF (LDUR) has a higher volatility of 0.46% compared to Invesco Ultra Short Duration ETF (GSY) at 0.15%. 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.
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Volatility by Period
| LDUR | GSY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.15% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 0.31% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.55% | 0.41% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.04% | 0.58% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 1.22% | +1.55% |
LDUR vs. GSY - Expense Ratio Comparison
LDUR has a 0.54% expense ratio, which is higher than GSY's 0.22% expense ratio.
Dividends
LDUR vs. GSY - Dividend Comparison
LDUR's dividend yield for the trailing twelve months is around 4.34%, which matches GSY's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 4.30% | 4.56% | 5.31% | 4.95% | 1.70% | 0.58% | 1.45% | 2.71% | 2.30% | 1.80% | 1.21% | 1.17% |
LDUR PIMCO Enhanced Low Duration Active ETF | 4.34% | 4.60% | 4.77% | 4.11% | 2.22% | 0.90% | 2.15% | 3.14% | 2.66% | 2.08% | 1.85% | 2.92% |
Frequently Asked Questions
LDUR and GSY have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LDUR has higher volatility (0.46%) compared to GSY (0.15%). In terms of maximum drawdown, LDUR dropped -8.68% vs GSY's -12.14%.
On 10-year performance, GSY leads with 2.86% vs 2.46% for LDUR. On fees, GSY is cheaper at 0.22% per year. On volatility, GSY has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GSY has performed better with a 2.86% return vs 2.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSY is cheaper with a 0.22% expense ratio, compared with 0.54% for LDUR.
LDUR has the higher dividend yield at 4.34%, compared with 4.30% for GSY.
LDUR is categorized as Short-Term Bond, while GSY is Ultrashort Bond. They also come from different issuers: PIMCO and Invesco. Their fees differ too: 0.54% for LDUR and 0.22% for GSY.
GSY currently has the higher Sharpe Ratio (10.83 vs 2.70), 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.
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