FTSM vs GSY: Differences, Returns & Fees
On Jul 31, 2026 FTSM's duration was 0.7 years and GSY's 0.8; GSY charges 0.22% to FTSM's 0.29%. Net assets on Oct 20, 2026: $6.7bn for First Trust Enhanced Short Maturity ETF and $4.0bn for Invesco Ultra Short Duration ETF.
GSY costs 0.07 points a year less; their one-year returns differ by 0.3 points; FTSM is 1.7 times larger.
| FTSM | GSY | |
|---|---|---|
| Expense ratio | 0.29% | 0.22% |
| Net assets | $6.7bn | $4.0bn |
| Total return, 1 year | +3.4% | +3.7% |
| What it tracks | No index, actively managed | No index, actively managed |
| Holdings in common | not published | |
FTSM and GSY are built for the same job. How do they differ in cost, holdings and results?
- What each follows (similar). Both follow No index, actively managed.
- One-year total return (similar). Over 1 year to Oct 20, 2026 FTSM returned +3.4% and GSY +3.7% with distributions reinvested, a gap of 0.3 points.
- Number of holdings (similar). FTSM holds 740 positions and GSY holds 414.
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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On the same fields
FTSM and GSY on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About FTSM
FTSM is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.4% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.29% 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, FTSM or GSY?
- In the year to Oct 20, 2026, with distributions reinvested, FTSM returned +3.4% and GSY +3.7%.
- Which is cheaper, FTSM or GSY?
- GSY 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.
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ETFIQ, FTSM against GSY, data as of Oct 20, 2026. https://etfiq.com/compare/any/ftsm-vs-gsy
ETFIQ. (Oct 20, 2026). FTSM against GSY. Retrieved from https://etfiq.com/compare/any/ftsm-vs-gsy
[FTSM against GSY (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/ftsm-vs-gsy)
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