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FLOT vs GSY: Differences, Returns & Fees

On Jul 31, 2026 FLOT's duration was 0.0 years and GSY's 0.8; FLOT charges 0.15% to GSY's 0.22%. Net assets on Oct 20, 2026: $11.5bn for iShares Floating Rate Bond ETF and $4.0bn for Invesco Ultra Short Duration ETF.

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Answers cite the figures on this page.

FLOT costs 0.07 points a year less; their one-year returns differ by 0.6 points; FLOT is 2.9 times larger.

FLOT vs GSY: Differences, Returns & Fees
FLOTGSY
Expense ratio0.15%0.22%
Net assets$11.5bn$4.0bn
Total return, 1 year+4.3%+3.7%
What it tracksnot read by ETFIQNo index, actively managed
Holdings in common12%

Holdings in common uses holdings dated Jul 31, 2026.

+4.3%
FLOT total return, 1 year
+3.7%
GSY total return, 1 year
0.15%
FLOT expense ratio
0.22%
GSY expense ratio

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Client brief · page 1 of 2Report BR-2BB8BCD62D

FLOT and GSY are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. FLOT follows not read by ETFIQ and GSY follows No index, actively managed.
  2. Holdings in common. 12% of the weight is in the same securities (holdings dated Jul 31, 2026).
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 FLOT returned +4.3% and GSY +3.7% with distributions reinvested, a gap of 0.6 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, FLOT and GSY hold 12% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

12% in common

Positions both hold, largest shared weight first
Holding FLOT GSY
Abbott Laboratories, due Mar 9, 2029 0.28% 0.38%
Wells Fargo & Co, due Apr 22, 2028 0.31% 0.26%
JPMorgan Chase & Co, due Apr 22, 2028 0.27% 0.26%
Morgan Stanley, due Apr 13, 2028 0.26% 0.26%
Public Storage Operating Co, due Apr 16, 2027 0.30% 0.26%
New York Life Global Funding, due Apr 2, 2027 0.24% 0.38%
Wells Fargo & Co, due Sep 15, 2029 0.23% 0.51%
Corebridge Global Funding, due Sep 25, 2026 0.22% 0.26%
Morgan Stanley Bank NA, due Jan 14, 2028 0.22% 0.26%
American Honda Finance Corp, due Mar 3, 2028 0.22% 0.31%
Morgan Stanley Private Bank NA, due Jul 6, 2028 0.26% 0.21%
Lloyds Banking Group PLC, due Aug 7, 2027 0.21% 0.24%
Only in FLOT
European Bank for Reconstruction & Development, due Feb 20, 2028 1.15%
International Bank for Reconstruction & Development, due Aug 19, 2027 1.05%
European Bank for Reconstruction & Development, due Feb 16, 2029 0.95%
International Bank for Reconstruction & Development, due Jan 12, 2027 0.89%
European Bank for Reconstruction & Development, due Jul 22, 2030 0.85%
International Finance Corp, due Aug 28, 2028 0.82%
International Bank for Reconstruction & Development, due Jan 24, 2029 0.77%
International Bank for Reconstruction & Development, due Nov 22, 2028 0.77%
Only in GSY
U.S. Treasury Bills, due May 13, 2027 1.24%
U.S. Treasury Notes/Bonds, due May 31, 2028 1.14%
U.S. Treasury Notes/Bonds, due Jun 30, 2028 1.02%
American Tower Corp., due Jan 15, 2027 0.66%
Jefferies Financial Group Inc., due Sep 15, 2026 0.64%
Haleon US Capital LLC, due Mar 24, 2027 0.63%
NatWest Group PLC, due Mar 1, 2028 0.53%
GA Global Funding Trust, due Sep 23, 2027 0.53%

Check overlap with more funds →

On the same fields

FLOT
iShares Floating Rate Bond ETF
GSY
Invesco Ultra Short Duration ETF
Where it sits Bond ETF Bond ETF
Issuer iShares Invesco
What it is Tracks an index Actively managed
Total return, 1 year +4.3% +3.7%
Its benchmark over the same days not measured +3.7% (SPTU)
Gap to its benchmark not measured 0.0 pts vs SPTU
Expense ratio 0.15% 0.22%
Holdings 557 414
Net assets $11.5bn $4.0bn

FLOT and GSY on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About FLOT

FLOT tracks an index. Over the year to Oct 20, 2026 it returned +4.3% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

About GSY

GSY is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested, against +3.7% for its benchmark, the ICE BofA US Treasury Bill Index. The prospectus expense ratio is 0.22% a year.

Questions people ask

Which returned more over the last year, FLOT or GSY?
In the year to Oct 20, 2026, with distributions reinvested, FLOT returned +4.3% and GSY +3.7%.
Which is cheaper, FLOT or GSY?
FLOT is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FLOT vs FLTRFLOT vs FLRNFLOT vs IBDRFLOT vs TBLLGSY vs VBILGSY vs VUSBGSY vs ICSHGBIL vs GSY
FLOT on its own →GSY on its own →Hold both: look the portfolio through →Rankings →FLOT dividend history →FLOT holdings →GSY dividend history →GSY holdings →Standards and sources →
Where these figures came from
FLOT filings on SEC EDGAR ↗FLOT prospectus with the expense ratio (SEC) ↗iShares page for FLOT ↗GSY filings on SEC EDGAR ↗GSY prospectus with the expense ratio (SEC) ↗Invesco page for GSY ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FLOT against GSY, data as of Oct 20, 2026. https://etfiq.com/compare/any/flot-vs-gsy

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.