GSY vs VOO
GSY vs VOO
Invesco Ultra Short Duration ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GSY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.22% | 0.03% | |
| AUM | $3.9B | $979.0B | |
| Dividend Yield | 4.30% | 1.09% | |
| Holdings | 401 | 509 | |
| YTD Return | +2.13% | +11.51% | |
| 1Y Return | +4.15% | +21.46% | |
| 3Y Return (annualized) | +5.32% | +20.86% | |
| 5Y Return (annualized) | +3.76% | +13.01% | |
| Volatility (annualized) | 1.0% | 14.1% | |
| Max Drawdown | -12.1% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 12, 2008 | Sep 7, 2010 |
GSY vs VOO Performance
Invesco Ultra Short Duration ETF (GSY) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GSY returned +4.15% while VOO returned +21.46%. Year to date, GSY is up 2.13% versus a gain of 11.51% for VOO.
Over three years, GSY compounded at +5.32% per year against +20.86% for VOO; over five years the annualized figures are +3.76% and +13.01% respectively. Across the full 16-year window we track, VOO has the edge at +13.44% annualized vs +1.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GSY charges 0.22% per year while VOO 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 VOO.
Holdings Overlap
GSY and VOO 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 VOO?
GSY has an expense ratio of 0.22% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, GSY or VOO?
Over the past year GSY returned +4.15% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), GSY annualized +1.07% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, GSY or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 1.0% for GSY. Worst drawdown: GSY -12.1% vs VOO -34.3%.
Should I hold both GSY and VOO?
GSY and VOO have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GSY and VOO?
GSY and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 764 unique securities.
Which pays a higher dividend, GSY or VOO?
GSY yields 4.30% while VOO yields 1.09%, so GSY currently pays the higher dividend yield.
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