GSY vs IVV
GSY vs IVV
Invesco Ultra Short Duration ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GSY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.22% | 0.03% | |
| AUM | $3.9B | $865.2B | |
| Dividend Yield | 4.30% | 1.09% | |
| Holdings | 401 | 508 | |
| YTD Return | +2.17% | +9.93% | |
| 1Y Return | +4.34% | +19.59% | |
| 3Y Return (annualized) | +5.35% | +19.41% | |
| 5Y Return (annualized) | +3.77% | +12.89% | |
| Volatility (annualized) | 1.0% | 15.1% | |
| Max Drawdown | -12.1% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 12, 2008 | May 15, 2000 |
GSY vs IVV Performance
Invesco Ultra Short Duration ETF (GSY) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GSY returned +4.34% while IVV returned +19.59%. Year to date, GSY is up 2.17% versus a gain of 9.93% for IVV.
Over three years, GSY compounded at +5.35% per year against +19.41% for IVV; over five years the annualized figures are +3.77% and +12.89% respectively. Across the full 19-year window we track, IVV has the edge at +6.91% annualized vs +1.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.0% for GSY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.1% for GSY and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GSY charges 0.22% per year while IVV charges 0.03%. On a $10,000 position that is $22 vs $3 annually, a gap of $19 per year that compounds over a long holding period. On income, GSY currently yields 4.30% against 1.09% for IVV.
Holdings Overlap
GSY and IVV share 0 holdings out of 764 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GSY or IVV?
GSY has an expense ratio of 0.22% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, GSY or IVV?
Over the past year GSY returned +4.34% vs +19.59% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (19 years), GSY annualized +1.07% vs +6.91% for IVV. Past performance does not guarantee future results.
Which is riskier, GSY or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 1.0% for GSY. Worst drawdown: GSY -12.1% vs IVV -56.5%.
Should I hold both GSY and IVV?
GSY and IVV have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GSY and IVV?
GSY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 764 unique securities.
Which pays a higher dividend, GSY or IVV?
GSY yields 4.30% while IVV yields 1.09%, so GSY currently pays the higher dividend yield.
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