Which returned more over the last year, GSY or IBTH?

In the year to Oct 20, 2026, with distributions reinvested, GSY returned +3.7% and IBTH +2.8%.

Which is cheaper, GSY or IBTH?

IBTH is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.

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GSY vs IBTH: Differences, Returns & Fees

On Jul 31, 2026 GSY's duration was 0.8 years and IBTH's 0.9; IBTH charges 0.07% to GSY's 0.22%. Net assets on Oct 20, 2026: $4.0bn for Invesco Ultra Short Duration ETF and $2.4bn for iShares iBonds Dec 2027 Term Treasury ETF.

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Answers cite the figures on this page.

IBTH costs 0.15 points a year less; their one-year returns differ by 0.9 points; GSY is 1.7 times larger.

GSY vs IBTH: Differences, Returns & Fees
	GSY	IBTH
Expense ratio	0.22%	0.07%
Net assets	$4.0bn	$2.4bn
Total return, 1 year	+3.7%	+2.8%
What it tracks	No index, actively managed	ICE 2027 Maturity US Treasury Index
Holdings in common	0%

Holdings in common uses holdings dated Jul 31, 2026.

+3.7%

GSY total return, 1 year

+2.8%

IBTH total return, 1 year

0.22%

GSY expense ratio

0.07%

IBTH expense ratio

Client brief · page 1 of 2Report BR-6A6FBE76FA

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

What each follows. GSY follows No index, actively managed and IBTH follows ICE 2027 Maturity US Treasury Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026).
Number of holdings. GSY holds 414 positions and IBTH holds 51.

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 IBTH hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding GSY IBTH

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%

Amazon.com, Inc., due Jul 9, 2029 0.64%

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%

Only in IBTH

U.S. Treasury Notes, due Jan 31, 2027 2.93%

U.S. Treasury Notes, due Jun 30, 2027 2.78%

U.S. Treasury Notes, due Sep 30, 2027 2.75%

U.S. Treasury Notes, due Oct 31, 2027 2.71%

U.S. Treasury Notes, due Nov 30, 2027 2.69%

U.S. Treasury Notes, due Mar 31, 2027 2.69%

U.S. Treasury Notes, due Apr 30, 2027 2.68%

U.S. Treasury Notes, due Feb 28, 2027 2.68%

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On the same fields

GSY

Invesco Ultra Short Duration ETF

IBTH

iShares iBonds Dec 2027 Term Treasury 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% +2.8%

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% 0.07%

Holdings 414 51

Net assets $4.0bn $2.4bn

GSY and IBTH 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 IBTH

IBTH tracks an index. Over the year to Oct 20, 2026 it returned +2.8% with distributions reinvested. The prospectus expense ratio is 0.07% a year.

Questions people ask

Which returned more over the last year, GSY or IBTH?: In the year to Oct 20, 2026, with distributions reinvested, GSY returned +3.7% and IBTH +2.8%.
Which is cheaper, GSY or IBTH?: IBTH is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

GSY vs RAVI GSY vs IBDS GSY vs VGUS BILZ vs GSY IBTH vs SGOV IBDS vs IBTH BILS vs IBTH IBTH vs VNLA

GSY on its own →IBTH on its own →Hold both: look the portfolio through →Rankings →GSY dividend history →GSY holdings →IBTH dividend history →IBTH 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 ↗IBTH filings on SEC EDGAR ↗IBTH prospectus with the expense ratio (SEC) ↗iShares page for IBTH ↗

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 IBTH, data as of Oct 20, 2026. https://etfiq.com/compare/any/gsy-vs-ibth

Open data

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