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ULST vs. GSY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ULST and GSY is 0.20, 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.


-0.50.00.51.00.2

Performance

ULST vs. GSY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSgA Ultra Short Term Bond ETF (ULST) and Invesco Ultra Short Duration ETF (GSY). The values are adjusted to include any dividend payments, if applicable.

20.00%22.00%24.00%26.00%28.00%JulyAugustSeptemberOctoberNovemberDecember
23.97%
28.87%
ULST
GSY

Key characteristics

Sharpe Ratio

ULST:

4.62

GSY:

11.17

Sortino Ratio

ULST:

7.41

GSY:

26.96

Omega Ratio

ULST:

2.51

GSY:

6.00

Calmar Ratio

ULST:

9.80

GSY:

60.48

Martin Ratio

ULST:

74.09

GSY:

332.25

Ulcer Index

ULST:

0.07%

GSY:

0.02%

Daily Std Dev

ULST:

1.15%

GSY:

0.54%

Max Drawdown

ULST:

-6.19%

GSY:

-12.14%

Current Drawdown

ULST:

-0.03%

GSY:

0.00%

Returns By Period

In the year-to-date period, ULST achieves a 5.08% return, which is significantly lower than GSY's 5.75% return. Over the past 10 years, ULST has underperformed GSY with an annualized return of 2.15%, while GSY has yielded a comparatively higher 2.46% annualized return.


ULST

YTD

5.08%

1M

0.36%

6M

2.68%

1Y

5.21%

5Y*

2.65%

10Y*

2.15%

GSY

YTD

5.75%

1M

0.44%

6M

2.97%

1Y

5.98%

5Y*

2.75%

10Y*

2.46%

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ULST vs. GSY - Expense Ratio Comparison

ULST has a 0.20% expense ratio, which is lower than GSY's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


GSY
Invesco Ultra Short Duration ETF
Expense ratio chart for GSY: current value at 0.22% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.22%
Expense ratio chart for ULST: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

ULST vs. GSY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Ultra Short Term Bond ETF (ULST) 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.


Sharpe ratio
The chart of Sharpe ratio for ULST, currently valued at 4.62, compared to the broader market0.002.004.004.6211.17
The chart of Sortino ratio for ULST, currently valued at 7.41, compared to the broader market-2.000.002.004.006.008.0010.007.4126.96
The chart of Omega ratio for ULST, currently valued at 2.51, compared to the broader market0.501.001.502.002.503.002.516.00
The chart of Calmar ratio for ULST, currently valued at 9.80, compared to the broader market0.005.0010.0015.009.8060.48
The chart of Martin ratio for ULST, currently valued at 74.09, compared to the broader market0.0020.0040.0060.0080.00100.0074.09332.25
ULST
GSY

The current ULST Sharpe Ratio is 4.62, which is lower than the GSY Sharpe Ratio of 11.17. The chart below compares the historical Sharpe Ratios of ULST and GSY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio4.006.008.0010.0012.00JulyAugustSeptemberOctoberNovemberDecember
4.62
11.17
ULST
GSY

Dividends

ULST vs. GSY - Dividend Comparison

ULST's dividend yield for the trailing twelve months is around 5.03%, more than GSY's 4.89% yield.


TTM20232022202120202019201820172016201520142013
ULST
SPDR SSgA Ultra Short Term Bond ETF
5.03%4.45%1.71%0.54%1.34%2.56%2.13%1.21%0.93%0.37%0.34%0.06%
GSY
Invesco Ultra Short Duration ETF
4.89%4.95%1.70%0.58%1.60%2.91%2.42%2.02%1.30%1.17%1.29%1.15%

Drawdowns

ULST vs. GSY - Drawdown Comparison

The maximum ULST drawdown since its inception was -6.19%, smaller than the maximum GSY drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for ULST and GSY. For additional features, visit the drawdowns tool.


-0.50%-0.40%-0.30%-0.20%-0.10%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.03%
0
ULST
GSY

Volatility

ULST vs. GSY - Volatility Comparison

SPDR SSgA Ultra Short Term Bond ETF (ULST) has a higher volatility of 0.23% compared to Invesco Ultra Short Duration ETF (GSY) at 0.13%. This indicates that ULST'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.


0.20%0.40%0.60%0.80%JulyAugustSeptemberOctoberNovemberDecember
0.23%
0.13%
ULST
GSY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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