ULST vs. GSY
Compare and contrast key facts about SPDR SSgA Ultra Short Term Bond ETF (ULST) and Invesco Ultra Short Duration ETF (GSY).
ULST and GSY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULST is an actively managed fund by State Street. It was launched on Oct 9, 2013. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULST or GSY.
Performance
ULST vs. GSY - Performance Comparison
Returns By Period
In the year-to-date period, ULST achieves a 4.68% return, which is significantly lower than GSY's 5.31% return. Over the past 10 years, ULST has underperformed GSY with an annualized return of 2.11%, while GSY has yielded a comparatively higher 2.41% annualized return.
ULST
4.68%
0.17%
2.73%
5.77%
2.62%
2.11%
GSY
5.31%
0.36%
3.08%
6.53%
2.70%
2.41%
Key characteristics
| ULST | GSY | |
|---|---|---|
| Sharpe Ratio | 4.97 | 10.91 |
| Sortino Ratio | 8.14 | 27.41 |
| Omega Ratio | 2.67 | 6.23 |
| Calmar Ratio | 10.79 | 65.50 |
| Martin Ratio | 82.51 | 338.09 |
| Ulcer Index | 0.07% | 0.02% |
| Daily Std Dev | 1.18% | 0.60% |
| Max Drawdown | -6.19% | -12.14% |
| Current Drawdown | 0.00% | 0.00% |
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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%.
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.
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.
Dividends
ULST vs. GSY - Dividend Comparison
ULST's dividend yield for the trailing twelve months is around 5.08%, less than GSY's 5.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULST SPDR SSgA Ultra Short Term Bond ETF | 5.08% | 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 | 5.70% | 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.
Volatility
ULST vs. GSY - Volatility Comparison
SPDR SSgA Ultra Short Term Bond ETF (ULST) has a higher volatility of 0.19% 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.