TUSI vs. GSST

Last updated Jun 23, 2026

TUSI (Touchstone Ultra Short Income ETF) and GSST (Goldman Sachs Ultra Short Bond ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past 3 years, TUSI returned 5.72%/yr vs 5.48%/yr for GSST. At a 0.32 correlation, their price movements are largely independent. TUSI charges 0.25%/yr vs 0.16%/yr for GSST.

Performance

TUSI vs. GSST - Performance Comparison

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

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with TUSI at 1.72% and GSST at 1.72%.

TUSI

• 1D: 0.00%
• 1M: 0.06%
• YTD: 1.72%
• 6M: 1.86%
• 1Y: 4.48%
• 3Y*: 5.72%
• 5Y*: —
• 10Y*: —

GSST

• 1D: -0.02%
• 1M: 0.30%
• YTD: 1.72%
• 6M: 1.81%
• 1Y: 4.49%
• 3Y*: 5.48%
• 5Y*: 3.79%
• 10Y*: —

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

TUSI vs. GSST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TUSI Touchstone Ultra Short Income ETF	1.72%	5.09%	6.51%	6.53%	0.84%
GSST Goldman Sachs Ultra Short Bond ETF	1.72%	5.20%	6.01%	6.08%	0.80%

Correlation

The correlation between TUSI and GSST is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (All Time) Calculated using the full available price history since Aug 8, 2022	0.32

Return for Risk

TUSI vs. GSST — Risk / Return Rank

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

TUSI

TUSI Risk / Return Rank: 98
TUSI Sharpe Ratio Rank: 97
TUSI Sortino Ratio Rank: 98
TUSI Omega Ratio Rank: 98
TUSI Calmar Ratio Rank: 99
TUSI Martin Ratio Rank: 99

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.

TUSI vs. GSST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Ultra Short Income ETF (TUSI) 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.

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.

	TUSI	GSST	Difference
Sharpe ratio: Return per unit of total volatility	4.34	7.68	-3.34
Sortino ratio: Return per unit of downside risk	7.41	15.93	-8.52
Omega ratio: Gain probability vs. loss probability	2.09	3.76	-1.67
Calmar ratio: Return relative to maximum drawdown	19.10	29.18	-10.08
Martin ratio: Return relative to average drawdown	80.51	179.40	-98.88

TUSI vs. GSST - Sharpe Ratio Comparison

The current TUSI Sharpe Ratio is 4.34, which is lower than the GSST Sharpe Ratio of 7.68. The chart below compares the historical Sharpe Ratios of TUSI 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.

Drawdowns

TUSI vs. GSST - Drawdown Comparison

The maximum TUSI drawdown since its inception was -0.40%, smaller than the maximum GSST drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for TUSI and GSST.

Drawdown Indicators

	TUSI	GSST	Difference
Max Drawdown Largest peak-to-trough decline	-0.40%	-3.51%	+3.11%
Max Drawdown (1Y) Largest decline over 1 year	-0.24%	-0.15%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-0.39%	-0.25%	-0.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-1.19%	—
Current Drawdown Current decline from peak	-0.06%	-0.02%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.04%	-0.16%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.06%	0.03%	+0.03%

Volatility

TUSI vs. GSST - Volatility Comparison

Touchstone Ultra Short Income ETF (TUSI) has a higher volatility of 0.37% compared to Goldman Sachs Ultra Short Bond ETF (GSST) at 0.14%. This indicates that TUSI'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

	TUSI	GSST	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	0.14%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	0.67%	0.41%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	1.04%	0.59%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.96%	0.63%	+0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.96%	0.86%	+0.10%

TUSI vs. GSST - Expense Ratio Comparison

TUSI has a 0.25% expense ratio, which is higher than GSST's 0.16% 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

TUSI vs. GSST - Dividend Comparison

TUSI's dividend yield for the trailing twelve months is around 4.57%, more than GSST's 4.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GSST Goldman Sachs Ultra Short Bond ETF	4.31%	4.56%	5.45%	4.98%	1.97%	0.71%	1.12%	1.66%
TUSI Touchstone Ultra Short Income ETF	4.57%	4.85%	5.50%	5.41%	1.38%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TUSI and GSST in my portfolio?

TUSI and GSST have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TUSI or GSST?

TUSI has higher volatility (0.37%) compared to GSST (0.14%). In terms of maximum drawdown, TUSI dropped -0.40% vs GSST's -3.51%.

Which ETF is better, TUSI or GSST?

On 3-year performance, TUSI leads with 5.72% vs 5.48% for GSST. On fees, GSST is cheaper at 0.16% per year. On volatility, GSST has been the lower-risk option at 0.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TUSI or GSST?

Over the 3-year period, TUSI has performed better with a 5.72% return vs 5.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TUSI or GSST?

GSST is cheaper with a 0.16% expense ratio, compared with 0.25% for TUSI.

Which ETF pays a higher dividend yield, TUSI or GSST?

TUSI has the higher dividend yield at 4.57%, compared with 4.31% for GSST.

What is the main difference between TUSI and GSST?

They also come from different issuers: Touchstone and Goldman Sachs. Their fees differ too: 0.25% for TUSI and 0.16% for GSST.

Which has better risk-adjusted returns?

GSST currently has the higher Sharpe Ratio (7.68 vs 4.34), 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.