VTI vs. GSY
VTI (Vanguard Total Stock Market ETF) and GSY (Invesco Ultra Short Duration ETF) are both exchange-traded funds - VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index, while GSY is a Ultrashort Bond fund actively managed by Invesco. VTI is passively managed, while GSY is actively managed. Over the past 10 years, VTI returned 15.07%/yr vs 2.86%/yr for GSY. At a 0.02 correlation, their price movements are largely independent. VTI charges 0.03%/yr vs 0.22%/yr for GSY.
Performance
VTI vs. GSY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VTI achieves a 10.70% return, which is significantly higher than GSY's 1.76% return. Over the past 10 years, VTI has outperformed GSY with an annualized return of 15.07%, while GSY has yielded a comparatively lower 2.86% annualized return.
VTI
- 1D
- 1.16%
- 1M
- 1.34%
- YTD
- 10.70%
- 6M
- 10.70%
- 1Y
- 27.58%
- 3Y*
- 20.67%
- 5Y*
- 12.86%
- 10Y*
- 15.07%
GSY
- 1D
- 0.04%
- 1M
- 0.32%
- YTD
- 1.76%
- 6M
- 1.90%
- 1Y
- 4.41%
- 3Y*
- 5.46%
- 5Y*
- 3.69%
- 10Y*
- 2.86%
VTI vs. GSY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTI Vanguard Total Stock Market ETF | 10.70% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 30.67% | -5.23% | 21.21% |
GSY Invesco Ultra Short Duration ETF | 1.76% | 4.96% | 5.95% | 5.99% | 0.01% | 0.03% | 1.88% | 3.39% | 2.18% | 1.86% |
Correlation
The correlation between VTI and GSY is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2008 | 0.02 |
Over the past year, VTI and GSY have become more correlated (0.23) than their long-term average of 0.02, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VTI vs. GSY — Risk / Return Rank
VTI
GSY
VTI vs. GSY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Stock Market ETF (VTI) 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.
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.
| VTI | GSY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.68 | ||
| Sortino ratioReturn per unit of downside risk | -22.40 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 6.08 | -4.70 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 74.67 | -71.60 |
| Martin ratioReturn relative to average drawdown | 13.75 | 350.46 | -336.72 |
Loading charts...
Drawdowns
VTI vs. GSY - Drawdown Comparison
The maximum VTI drawdown since its inception was -55.45%, which is greater than GSY's maximum drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for VTI and GSY.
Loading charts...
Drawdown Indicators
| VTI | GSY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.45% | -12.14% | -43.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -0.06% | -8.86% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | -0.18% | -19.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | -1.48% | -23.88% |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | -5.25% | -29.75% |
Current DrawdownCurrent decline from peak | -1.17% | -0.02% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -2.38% | -5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 0.01% | +1.98% |
Volatility
VTI vs. GSY - Volatility Comparison
Vanguard Total Stock Market ETF (VTI) has a higher volatility of 4.84% compared to Invesco Ultra Short Duration ETF (GSY) at 0.15%. This indicates that VTI'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.
Loading charts...
Volatility by Period
| VTI | GSY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 0.15% | +4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 0.31% | +9.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 0.41% | +12.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 0.58% | +16.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 1.22% | +17.13% |
VTI vs. GSY - Expense Ratio Comparison
VTI has a 0.03% 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%.
Dividends
VTI vs. GSY - Dividend Comparison
VTI's dividend yield for the trailing twelve months is around 1.02%, less than GSY's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 4.33% | 4.56% | 5.31% | 4.95% | 1.70% | 0.58% | 1.45% | 2.71% | 2.30% | 1.80% | 1.21% | 1.17% |
VTI Vanguard Total Stock Market ETF | 1.02% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Frequently Asked Questions
VTI and GSY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTI has higher volatility (4.84%) compared to GSY (0.15%). In terms of maximum drawdown, VTI dropped -55.45% vs GSY's -12.14%.
On 10-year performance, VTI leads with 15.07% vs 2.86% for GSY. On fees, VTI is cheaper at 0.03% per year. On volatility, GSY has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VTI has performed better with a 15.07% return vs 2.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTI is cheaper with a 0.03% expense ratio, compared with 0.22% for GSY.
GSY has the higher dividend yield at 4.33%, compared with 1.02% for VTI.
VTI is categorized as Large Cap Blend Equities, while GSY is Ultrashort Bond. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.03% for VTI and 0.22% for GSY.
GSY currently has the higher Sharpe Ratio (10.83 vs 2.15), 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.
Find the right allocation for VTI and GSY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer