ULST vs. GSST
Compare and contrast key facts about State Street Ultra Short Term Bond ETF (ULST) and Goldman Sachs Ultra Short Bond ETF (GSST).
ULST and GSST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULST is a passively managed fund by State Street that tracks the performance of the Bloomberg US Treasury Bellwether 3 Month Index. It was launched on Oct 9, 2013. GSST is an actively managed fund by Goldman Sachs. It was launched on Apr 15, 2019.
Performance
ULST vs. GSST - Performance Comparison
Loading graphics...
ULST vs. GSST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ULST State Street Ultra Short Term Bond ETF | 0.64% | 4.80% | 5.23% | 5.60% | 0.87% | 0.25% | 1.45% | 2.10% |
GSST Goldman Sachs Ultra Short Bond ETF | 0.76% | 5.20% | 6.01% | 6.08% | 0.13% | 0.05% | 1.74% | 2.65% |
Returns By Period
In the year-to-date period, ULST achieves a 0.64% return, which is significantly lower than GSST's 0.76% return.
ULST
- 1D
- 0.10%
- 1M
- -0.01%
- YTD
- 0.64%
- 6M
- 1.68%
- 1Y
- 4.08%
- 3Y*
- 4.98%
- 5Y*
- 3.42%
- 10Y*
- 2.64%
GSST
- 1D
- 0.06%
- 1M
- 0.04%
- YTD
- 0.76%
- 6M
- 1.89%
- 1Y
- 4.55%
- 3Y*
- 5.51%
- 5Y*
- 3.60%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ULST vs. GSST - Expense Ratio Comparison
ULST has a 0.20% 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%.
Return for Risk
ULST vs. GSST — Risk / Return Rank
ULST
GSST
ULST vs. GSST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Ultra Short Term Bond ETF (ULST) 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.
| ULST | GSST | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.05 | 6.29 | -1.23 |
Sortino ratioReturn per unit of downside risk | 9.61 | 11.28 | -1.66 |
Omega ratioGain probability vs. loss probability | 2.43 | 3.26 | -0.83 |
Calmar ratioReturn relative to maximum drawdown | 11.10 | 18.26 | -7.16 |
Martin ratioReturn relative to average drawdown | 68.31 | 113.51 | -45.20 |
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 graphics...
Sharpe Ratios by Period
| ULST | GSST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.05 | 6.29 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.57 | 5.79 | -2.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.48 | 3.72 | -2.24 |
Correlation
The correlation between ULST and GSST is 0.28, 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.
Dividends
ULST vs. GSST - Dividend Comparison
ULST's dividend yield for the trailing twelve months is around 4.38%, less than GSST's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULST State Street Ultra Short Term Bond ETF | 4.38% | 4.46% | 5.03% | 4.45% | 1.70% | 0.54% | 1.34% | 2.56% | 2.13% | 1.21% | 0.93% | 0.37% |
GSST Goldman Sachs Ultra Short Bond ETF | 4.43% | 4.56% | 5.45% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ULST vs. GSST - Drawdown Comparison
The maximum ULST drawdown since its inception was -6.20%, which is greater than GSST's maximum drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for ULST and GSST.
Loading graphics...
Drawdown Indicators
| ULST | GSST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.20% | -3.51% | -2.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.37% | -0.25% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -1.22% | -1.19% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -6.20% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | 0.00% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.17% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.04% | +0.02% |
Volatility
ULST vs. GSST - Volatility Comparison
State Street Ultra Short Term Bond ETF (ULST) and Goldman Sachs Ultra Short Bond ETF (GSST) have volatilities of 0.25% and 0.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ULST | GSST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | 0.25% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.42% | 0.42% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.81% | 0.73% | +0.08% |
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 | 1.47% | 0.87% | +0.60% |