VNLA vs. GSY
Compare and contrast key facts about Janus Henderson Short Duration Income ETF (VNLA) and Invesco Ultra Short Duration ETF (GSY).
VNLA and GSY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VNLA is an actively managed fund by Janus Henderson. It was launched on Nov 16, 2016. 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: VNLA or GSY.
Key characteristics
| VNLA | GSY | |
|---|---|---|
| YTD Return | 5.47% | 5.16% |
| 1Y Return | 7.11% | 6.61% |
| 3Y Return (Ann) | 3.76% | 3.68% |
| 5Y Return (Ann) | 2.88% | 2.68% |
| Sharpe Ratio | 7.14 | 10.76 |
| Sortino Ratio | 13.57 | 27.24 |
| Omega Ratio | 3.09 | 6.18 |
| Calmar Ratio | 24.75 | 66.23 |
| Martin Ratio | 115.21 | 338.70 |
| Ulcer Index | 0.06% | 0.02% |
| Daily Std Dev | 1.00% | 0.62% |
| Max Drawdown | -4.49% | -12.14% |
| Current Drawdown | -0.08% | -0.02% |
Correlation
The correlation between VNLA and GSY is 0.31, 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.
Performance
VNLA vs. GSY - Performance Comparison
In the year-to-date period, VNLA achieves a 5.47% return, which is significantly higher than GSY's 5.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VNLA vs. GSY - Expense Ratio Comparison
VNLA has a 0.26% expense ratio, which is higher than GSY's 0.22% 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%.
Risk-Adjusted Performance
VNLA vs. GSY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Short Duration Income ETF (VNLA) 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
VNLA vs. GSY - Dividend Comparison
VNLA's dividend yield for the trailing twelve months is around 4.83%, less than GSY's 5.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNLA Janus Henderson Short Duration Income ETF | 4.83% | 3.95% | 4.35% | 1.67% | 1.21% | 3.13% | 3.74% | 1.79% | 0.08% | 0.00% | 0.00% | 0.00% |
GSY Invesco Ultra Short Duration ETF | 5.65% | 4.95% | 1.70% | 0.58% | 1.60% | 2.91% | 2.42% | 2.02% | 1.30% | 1.17% | 1.29% | 1.15% |
Drawdowns
VNLA vs. GSY - Drawdown Comparison
The maximum VNLA drawdown since its inception was -4.49%, smaller than the maximum GSY drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for VNLA and GSY. For additional features, visit the drawdowns tool.
Volatility
VNLA vs. GSY - Volatility Comparison
Janus Henderson Short Duration Income ETF (VNLA) has a higher volatility of 0.22% compared to Invesco Ultra Short Duration ETF (GSY) at 0.12%. This indicates that VNLA'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.