Invesco Ultra Short Duration ETF (GSY) Performance
GSY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.9% since Dec 31, 2025
- 1 year
- +3.7% total return
- 5 years
- +3.9% a year
- 10 years
- +2.9% a year
- Since first price
- +2.0% a year since 2008
GSY trailing returns vs AGG, TLT, SPY
| Period | GSY total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.5% | +0.1% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.8% | −0.2% | −0.4% | −1.0% | +3.2% |
| 6 months | +1.8% | −0.3% | −1.5% | −3.8% | +7.8% |
| YTD | +2.9% | −0.6% | −1.0% | −3.4% | +12.3% |
| 1 year | +3.7% | −0.5% | −1.1% | −6.9% | +14.4% |
| 3 years | +16.5%+5.2%/yr | +0.7% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +21.2%+3.9%/yr | −0.9% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +33.4%+2.9%/yr | −0.5% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +42.5%+2.4%/yr | +0.7% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionFeb 12, 2008 | +44.3%+2.0%/yr | −0.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GSY vs AGG
From Feb 12, 2008: GSY grew to $14,427, AGG to $16,214.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GSY returns by calendar year
16 of 17 full years positive. Best 2023 (+6.0%), worst 2010 (−0.2%). 2026 is year to date.
GSY annual returns table
| Year | GSY | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +2.9% | −0.2% | −1.0% | −3.4% | +12.3% |
| 2025 | +5.0% | −0.2% | +7.2% | +4.3% | +17.7% |
| 2024 | +6.0% | −0.1% | +1.3% | −8.1% | +24.9% |
| 2023 | +6.0% | −0.2% | +5.7% | +2.8% | +26.2% |
| 2022 | +0.0% | −1.2% | −13.0% | −31.2% | −18.2% |
| 2021 | +0.0% | −0.3% | −1.8% | −4.6% | +28.7% |
| 2020 | +1.9% | −5.2% | +7.5% | +18.2% | +18.3% |
| 2019 | +3.4% | −0.1% | +8.5% | +14.1% | +31.2% |
| 2018 | +2.2% | −0.1% | +0.1% | −1.6% | −4.6% |
| 2017 | +1.9% | −0.1% | +3.6% | +9.2% | +21.7% |
| 2016 | +1.8% | −0.4% | +2.4% | +1.2% | +12.0% |
| 2015 | +1.1% | −0.2% | +0.5% | −1.8% | +1.2% |
| 2014 | +0.8% | −0.3% | +6.0% | +27.3% | +13.5% |
| 2013 | +1.4% | −0.4% | −2.0% | −13.4% | +32.3% |
| 2012 | +1.5% | −0.2% | +3.8% | +2.6% | +16.0% |
| 2011 | +0.1% | −0.4% | +7.7% | +34.0% | +1.9% |
| 2010 | −0.2% | −0.3% | +6.4% | +9.0% | +15.1% |
| 2009 | +0.0% | −0.5% | +3.0% | −21.8% | +26.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GSY largest drawdowns
At an all-time high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 3, 2008 | −12.1% | Dec 4, 2008 | Jun 8, 2017 | 1 days | 8.5 years |
| Mar 5, 2020 | −5.2% | Mar 19, 2020 | May 27, 2020 | 14 days | 3 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
GSY risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +5.2% | +3.8% | +2.9% | +2.0% |
| Volatility (annualized) | 0.6% | 1.0% | 1.1% | 0.9% |
| Sharpe ratio | 1.42 | 0.27 | 0.57 | 0.81 |
| Sortino ratio | 2.52 | 0.39 | 0.76 | 1.13 |
| Best month | +0.8% | +0.8% | +1.7% | +1.7% |
| Worst month | −0.0% | −0.4% | −2.0% | −2.0% |
| Best 12 months | +6.9% | +6.9% | +6.9% | +6.9% |
| Worst 12 months | +3.7% | −1.2% | −1.2% | −1.2% |
| Positive months | 97% | 82% | 88% | 79% |
| Beta vs S&P 500 | 0.02 | 0.02 | 0.03 | — |
| Correlation with S&P 500 | 0.46 | 0.38 | 0.45 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GSY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 213 | −1.2% | +1.5% | +6.9% | 87% |
| 3-year (a year) | 189 | −0.1% | +1.4% | +5.8% | 98% |
| 5-year (a year) | 165 | +0.6% | +1.6% | +3.9% | 100% |
| 10-year (a year) | 105 | +1.0% | +1.6% | +2.9% | 100% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
GSY performance overview
Invesco Ultra Short Duration ETF (GSY) returned +3.7% over the past year and +2.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned +2.0% a year, turning $10,000 into about $14,427. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −12.1%, from Dec 3, 2008 to Dec 4, 2008, and it took 8.5 years to get back to the old high. GSY finished 16 of its 17 full calendar years with a gain; the best year was 2023 (+6.0%) and the worst 2010 (−0.2%). Volatility has been 0.9% a year.
Related: GSY chart, GSY dividends, GSY bond profile. See the GSY overview for the latest quote and fund facts.
GSY performance FAQ
What is the GSY return over the past year?
GSY returned +3.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 0.5%.
What is the average annual return of GSY?
GSY has returned +3.9% a year over 5 years, +2.9% a year over 10 years, +2.0% a year since February 12, 2008 (total return, distributions reinvested).
How much would $10,000 invested in GSY be worth?
$10,000 invested in GSY at its first recorded close on February 12, 2008 would be worth about $14,427 on October 23, 2026 with distributions reinvested.
What was the worst year for GSY?
The worst calendar year was 2010, with a total return of −0.2%. The best was 2023 at +6.0%.
What is the biggest drawdown of GSY?
The largest peak-to-trough decline was −12.1% between December 3, 2008 and December 4, 2008. It recovered to the old high on June 8, 2017, 8.5 years after the bottom.
How volatile is GSY?
Over the past 3 years GSY had an annualized volatility of 0.6% and a Sharpe ratio of 1.42 (excess return over 1–3 month T-bills per unit of risk).