GSY vs SPY
Comparison between INVESCO ULTRA SHORT DURATION ETF (GSY, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed GSY, delivering a return of +13.2% compared to +3.7%
GSY vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GSY
$3.50B
Winner
SPY
$784B
Expense Ratio
GSY
0.22%
Winner
SPY
0.09%
Max Drawdown
Winner
GSY
12.14%
SPY
56.47%
Sharpe Ratio
GSY
1.53
Winner
SPY
1.54
5Y Beta
Winner
GSY
0.00
SPY
1.00
P/E Ratio
GSY
N/A
SPY
27.62
Forward P/E
GSY
N/A
SPY
21.11
5Y Dividends CAGR
Winner
GSY
38.79%
SPY
6.00%
5Y EPS CAGR
GSY
N/A
SPY
25.30%
Debt to Equity
GSY
N/A
SPY
31.11%
P/S Ratio
GSY
N/A
SPY
3.49
P/B Ratio
GSY
N/A
SPY
5.30
GSY vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GSY
+0.37%
SPY
-1.37%
3M
GSY
+1.04%
Winner
SPY
+12.22%
6M
GSY
+1.91%
Winner
SPY
+7.20%
1Y
GSY
+4.44%
Winner
SPY
+23.58%
5Y(CAGR)
GSY
+3.70%
Winner
SPY
+13.19%
10Y(CAGR)
GSY
+2.87%
Winner
SPY
+15.12%
Max(CAGR)
GSY
+1.95%
Winner
SPY
+8.44%
GSY vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GSY | SPY |
|---|---|---|
| 2026 | +1.75% | +7.95% |
| 2025 | +4.98% | +18.00% |
| 2024 | +6.00% | +25.59% |
| 2023 | +6.03% | +26.72% |
| 2022 | +0.05% | -18.64% |
| 2021 | +0.03% | +30.52% |
| 2020 | +1.90% | +17.28% |
| 2019 | +3.34% | +31.09% |
| 2018 | +2.16% | -5.24% |
| 2017 | +1.88% | +20.78% |
| 2016 | +1.81% | +13.59% |
| 2015 | +1.00% | +1.31% |
| 2014 | +0.76% | +14.56% |
| 2013 | +1.37% | +29.00% |
| 2012 | +1.53% | +14.17% |
| 2011 | +0.09% | +0.85% |
| 2010 | -0.15% | +13.14% |
| 2009 | +0.06% | +22.67% |
| 2008 | +1.62% | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
GSY vs SPY Drawdown Comparison
The maximum drawdown for GSY was -12.14%, occurring on Dec 4, 2008. Recovery took 2158 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SPY drawdown is -3.18%.
| Rank | GSY | SPY |
|---|---|---|
| #1 | -12.14% Dec 3, 2008 - Jun 30, 2017 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -5.25% Mar 5, 2020 - May 27, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -3.29% Nov 20, 2008 - Dec 3, 2008 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -1.48% Sep 15, 2021 - Jan 9, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -0.90% Aug 25, 2008 - Sep 24, 2008 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -0.80% Sep 24, 2008 - Oct 30, 2008 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -0.56% Apr 24, 2008 - May 8, 2008 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -0.30% May 8, 2008 - May 14, 2008 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -0.26% Jul 25, 2008 - Aug 25, 2008 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -0.20% Mar 25, 2008 - Apr 24, 2008 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -0.18% Feb 12, 2008 - Feb 28, 2008 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -0.18% May 23, 2008 - Jun 24, 2008 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -0.18% Jun 24, 2008 - Jul 25, 2008 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -0.18% Apr 3, 2025 - Apr 17, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -0.16% Mar 24, 2023 - Apr 3, 2023 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GSY and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
GSY vs SPY dividend yield comparison.
| Year | GSY | SPY |
|---|---|---|
| 2026 | 2.10% | 0.50% |
| 2025 | 4.56% | 1.07% |
| 2024 | 5.31% | 1.21% |
| 2023 | 4.95% | 1.40% |
| 2022 | 1.70% | 1.65% |
| 2021 | 0.58% | 1.20% |
| 2020 | 1.45% | 1.52% |
| 2019 | 2.71% | 1.75% |
| 2018 | 2.30% | 2.04% |
| 2017 | 1.80% | 1.80% |
| 2016 | 1.21% | 2.03% |
| 2015 | 1.17% | 2.06% |
| 2014 | 1.29% | 1.87% |
| 2013 | 1.15% | 1.81% |
| 2012 | 0.72% | 2.18% |
| 2011 | 0.32% | 2.05% |
| 2010 | 0.01% | 1.80% |
| 2009 | 0.24% | 1.95% |
| 2008 | 1.81% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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