Invesco Ultra Short Duration ETF
$50.05+0.01 (+0.01%)
- 0.22%
- $3.9B
- +3.7%
- 4.21%
- 0.9M sh
- $50.02
- low $49.90high $50.39
The ETF.net GSY Grade
B
Score 66 out of 100
- 29 of 78
Score 66 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D31 out of 100Rank 54 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 20 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A72 out of 100Rank 18 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A91 out of 100Rank 4 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A88 out of 100Rank 7 of 78
Our read on GSY
BThe active one in a cash-parking aisle full of index trackers. GSY has been hand-picking short bonds since its 2008 launch, keeping duration under a year and aiming to earn more than Treasury bills, with income paid monthly.
GSY seeks maximum current income while preserving capital and providing daily liquidity. It is actively managed and invests in diversified fixed-income securities with portfolio duration below one year, seeking returns above cash equivalents.
Why people hold it
- Genuinely active, not an index clone: managers work across roughly 400 fixed-income positions with portfolio duration held below one year.
- Built for the boring job it advertises: maximum current income with capital preservation and daily liquidity, distributions paid monthly.
- A multi-billion-dollar, actively traded fund with a track record dating to 2008, and a diversified book that ranks in the upper half of its ultra-short bond cohort.
Worth knowing
- Active management comes at an active price: 0.22% a year, above the cohort median of 0.20% and more than double index-tracking VUSB at 0.10%.
- Not a bills-only portfolio. The mandate is diversified fixed income reaching for returns above cash equivalents, so credit risk is part of the recipe, unlike Treasury-only SHV.
- The ICE BofA US Treasury Bill Index is the yardstick, not the blueprint. Results come from the manager's calls and can land either side of it.
GSY Holdings
- Bonds
- 412
- 10%
- United States Treasury Note/Bond 4.13% 08/31/2028
Sectors
- Industrials100.0%
Geography
- United States80.79%
- Canada7.48%
- United Kingdom2.92%
- France2.06%
- Ireland1.93%
- Japan1.58%
- Australia1.11%
- Spain0.82%
- 1.31%
GSY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
GSY$10,374
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GSY |
|---|---|
| Year to date | +2.8% |
| 1 month | +0.3% |
| 3 months | +0.7% |
| 1 year | +3.7% |
| 3 years | +5.2% |
| 5 years | +3.9% |
| 10 years | +2.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GSY |
|---|---|---|
| 2026 YTD | +2.8% | |
| 2025 | +5.0% | |
| 2024 | +6.0% | |
| 2023 | +6.0% | |
| 2022 | 0.0% | |
| 2021 | 0.0% | |
| 2020 | +1.9% |
GSY in the news
GSY Dividends
- 4.21%
- $2.10
- $0.18 per share
- Monthly
Distribution history
GSY Risk
- 0.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.11
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GSY Cost
0.22%
GSY0.22%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
53 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- BWEEKRoundhill Investments - Weekly T-Bill ETFExpense ratio 0.19%1 year return +3.5%
- BXBILUS Treasury 6 Month Bill ETFExpense ratio 0.15%1 year return +3.6%
- BCGUICapital Group Ultra Short Income ETFExpense ratio 0.18%1 year return +3.7%
- BGSSTGoldman Sachs Ultra Short Bond ETFExpense ratio 0.20%1 year return +3.9%
- BMINTPIMCO Enhanced Short Maturity Active Exchange-Traded FundExpense ratio 0.36%1 year return +4.2%