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GSY vs IBDS: Differences, Returns & Fees

On Jul 31, 2026 GSY's duration was 0.8 years and IBDS's 0.8; IBDS charges 0.10% to GSY's 0.22%. Net assets on Oct 20, 2026: $4.0bn for Invesco Ultra Short Duration ETF and $4.0bn for iShares iBonds Dec 2027 Term Corporate ETF.

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Ask IQ about GSY and IBDS

Answers cite the figures on this page.

IBDS costs 0.12 points a year less; their one-year returns differ by 0.4 points.

GSY vs IBDS: Differences, Returns & Fees
GSYIBDS
Expense ratio0.22%0.10%
Net assets$4.0bn$4.0bn
Total return, 1 year+3.7%+3.3%
What it tracksNo index, actively managednot read by ETFIQ
Holdings in common5%

Holdings in common uses holdings dated Jul 31, 2026.

+3.7%
GSY total return, 1 year
+3.3%
IBDS total return, 1 year
0.22%
GSY expense ratio
0.10%
IBDS expense ratio

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Client brief · page 1 of 2Report BR-2B4CD24172

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

  1. What each follows. GSY follows No index, actively managed and IBDS follows not read by ETFIQ.
  2. Holdings in common. 5% of the weight is in the same securities (holdings dated Jul 31, 2026).
  3. Cost. GSY charges 0.22% of assets a year and IBDS 0.10%, a gap of 0.12 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, GSY and IBDS hold 5% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

5% in common

Positions both hold, largest shared weight first
Holding GSY IBDS
AT&T Inc., due Jun 1, 2027 0.45% 0.47%
NextEra Energy Capital Holdings, Inc., due Sep 1, 2027 0.49% 0.37%
Haleon US Capital LLC, due Mar 24, 2027 0.63% 0.36%
Sherwin-Williams Co. (The), due Jun 1, 2027 0.51% 0.28%
AT&T Inc., due Mar 1, 2027 0.51% 0.27%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, due Apr 15, 2027 0.26% 0.27%
Tyson Foods, Inc., due Jun 2, 2027 0.51% 0.25%
DTE Energy Co., due Jul 1, 2027 0.31% 0.24%
L3Harris Technologies, Inc., due Jan 15, 2027 0.29% 0.22%
Intel Corp., due Mar 25, 2027 0.34% 0.19%
Marriott International, Inc., due Oct 15, 2027 0.21% 0.19%
Energy Transfer L.P., due Jun 1, 2027 0.38% 0.18%
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%
Amazon.com, Inc., due Jul 9, 2029 0.64%
Jefferies Financial Group Inc., due Sep 15, 2026 0.64%
NatWest Group PLC, due Mar 1, 2028 0.53%
GA Global Funding Trust, due Sep 23, 2027 0.53%
Heineken N.V., due Jan 29, 2028 0.52%
Only in IBDS
T-Mobile USA Inc, due Apr 15, 2027 0.73%
Microsoft Corp, due Feb 6, 2027 0.73%
Citigroup Inc, due Sep 29, 2027 0.72%
Amazon.com Inc, due Aug 22, 2027 0.63%
Morgan Stanley, due Jan 20, 2027 0.55%
Goldman Sachs Group Inc/The, due Jan 26, 2027 0.55%
Oracle Corp, due Nov 15, 2027 0.50%
Meta Platforms Inc, due Aug 15, 2027 0.48%

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On the same fields

GSY
Invesco Ultra Short Duration ETF
IBDS
iShares iBonds Dec 2027 Term Corporate ETF
Where it sits Bond ETF Bond ETF
Issuer Invesco iShares
What it is Actively managed Tracks an index
Total return, 1 year +3.7% +3.3%
Its benchmark over the same days +3.7% (SPTU) not measured
Gap to its benchmark 0.0 pts vs SPTU not measured
Expense ratio 0.22% 0.10%
Holdings 414 647
Net assets $4.0bn $4.0bn

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

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.

About IBDS

IBDS tracks an index. Over the year to Oct 20, 2026 it returned +3.3% with distributions reinvested. The prospectus expense ratio is 0.10% a year.

Questions people ask

Which returned more over the last year, GSY or IBDS?
In the year to Oct 20, 2026, with distributions reinvested, GSY returned +3.7% and IBDS +3.3%.
Which is cheaper, GSY or IBDS?
IBDS is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BILS vs GSYGSY vs IBDRCLIP vs GSYGSY vs TFLOBILS vs IBDSIBDS vs VNLABSCQ vs IBDSIBDS vs TBLL
GSY on its own →IBDS on its own →Hold both: look the portfolio through →Rankings →GSY dividend history →GSY holdings →IBDS dividend history →IBDS holdings →Standards and sources →
Where these figures came from
GSY filings on SEC EDGAR ↗GSY prospectus with the expense ratio (SEC) ↗Invesco page for GSY ↗IBDS filings on SEC EDGAR ↗IBDS prospectus with the expense ratio (SEC) ↗iShares page for IBDS ↗

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

Open data

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