MGA vs. GSST

Last updated Jun 4, 2026

MGA (Magna International Inc.) is a stock, while GSST (Goldman Sachs Ultra Short Bond ETF) is Ultrashort Bond fund actively managed by Goldman Sachs. Over the past 5 years, MGA returned -4.62%/yr vs 3.75%/yr for GSST. At a correlation of -0.00, they often move in opposite directions.

Performance

MGA vs. GSST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Magna International Inc. (MGA) and Goldman Sachs Ultra Short Bond ETF (GSST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGA achieves a 29.87% return, which is significantly higher than GSST's 1.55% return.

MGA

• 1D: 0.06%
• 1M: 15.36%
• YTD: 29.87%
• 6M: 39.84%
• 1Y: 94.42%
• 3Y*: 14.53%
• 5Y*: -4.62%
• 10Y*: 8.67%

GSST

• 1D: 0.00%
• 1M: 0.32%
• YTD: 1.55%
• 6M: 1.88%
• 1Y: 4.61%
• 3Y*: 5.52%
• 5Y*: 3.75%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MGA vs. GSST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MGA Magna International Inc.	29.87%	33.72%	-26.29%	8.76%	-28.04%	16.57%	33.41%	0.49%
GSST Goldman Sachs Ultra Short Bond ETF	1.55%	5.20%	6.01%	6.08%	0.13%	0.05%	1.74%	2.65%

Correlation

The correlation between MGA and GSST is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019	-0.00

The correlation between MGA and GSST shifts across timeframes, from -0.00 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MGA vs. GSST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MGA

MGA Risk / Return Rank: 91
MGA Sharpe Ratio Rank: 93
MGA Sortino Ratio Rank: 95
MGA Omega Ratio Rank: 92
MGA Calmar Ratio Rank: 88
MGA Martin Ratio Rank: 90

GSST

GSST Risk / Return Rank: 99
GSST Sharpe Ratio Rank: 99
GSST Sortino Ratio Rank: 99
GSST Omega Ratio Rank: 99
GSST Calmar Ratio Rank: 99
GSST Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MGA vs. GSST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Magna International Inc. (MGA) 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.

	MGA	GSST	Difference
Sharpe ratio: Return per unit of total volatility	2.70	7.98	-5.27
Sortino ratio: Return per unit of downside risk	4.05	16.58	-12.53
Omega ratio: Gain probability vs. loss probability	1.49	3.94	-2.45
Calmar ratio: Return relative to maximum drawdown	4.04	29.99	-25.94
Martin ratio: Return relative to average drawdown	12.19	185.54	-173.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGA vs. GSST - Sharpe Ratio Comparison

The current MGA Sharpe Ratio is 2.70, which is lower than the GSST Sharpe Ratio of 7.98. The chart below compares the historical Sharpe Ratios of MGA and GSST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MGA	GSST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.70	7.98	-5.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	5.99	-6.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	3.78	-3.32

Drawdowns

MGA vs. GSST - Drawdown Comparison

The maximum MGA drawdown since its inception was -79.01%, which is greater than GSST's maximum drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for MGA and GSST.

Drawdown Indicators

	MGA	GSST	Difference
Max Drawdown Largest peak-to-trough decline	-79.01%	-3.51%	-75.50%
Max Drawdown (1Y) Largest decline over 1 year	-23.47%	-0.15%	-23.32%
Max Drawdown (3Y) Largest decline over 3 years	-48.57%	-0.25%	-48.32%
Max Drawdown (5Y) Largest decline over 5 years	-66.02%	-1.19%	-64.83%
Max Drawdown (10Y) Largest decline over 10 years	-66.02%	—	—
Current Drawdown Current decline from peak	-21.04%	0.00%	-21.04%
Average Drawdown Average peak-to-trough decline	-21.41%	-0.16%	-21.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.78%	0.02%	+7.76%

Volatility

MGA vs. GSST - Volatility Comparison

Magna International Inc. (MGA) has a higher volatility of 10.11% compared to Goldman Sachs Ultra Short Bond ETF (GSST) at 0.13%. This indicates that MGA's price experiences larger fluctuations and is considered to be riskier than GSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGA	GSST	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.11%	0.13%	+9.98%
Volatility (6M) Calculated over the trailing 6-month period	28.09%	0.41%	+27.68%
Volatility (1Y) Calculated over the trailing 1-year period	35.18%	0.58%	+34.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.64%	0.63%	+35.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.45%	0.86%	+34.59%

Dividends

MGA vs. GSST - Dividend Comparison

MGA's dividend yield for the trailing twelve months is around 2.88%, less than GSST's 4.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSST Goldman Sachs Ultra Short Bond ETF	4.32%	4.56%	5.45%	4.98%	1.97%	0.71%	1.12%	1.66%	0.00%	0.00%	0.00%	0.00%
MGA Magna International Inc.	2.88%	3.64%	4.55%	3.11%	4.23%	2.13%	2.26%	2.66%	2.18%	1.94%	2.30%	1.90%

Frequently Asked Questions

Can I hold both MGA and GSST in my portfolio?

MGA and GSST have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGA or GSST?

MGA has higher volatility (10.11%) compared to GSST (0.13%). In terms of maximum drawdown, MGA dropped -79.01% vs GSST's -3.51%.

Which has better risk-adjusted returns?

GSST currently has the higher Sharpe Ratio (7.98 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.