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GSY vs RAVI: Differences, Returns & Fees

On Jul 31, 2026 GSY's duration was 0.8 years and RAVI's 0.5; GSY charges 0.22% to RAVI's 0.25%. Net assets: $4.0bn on Oct 20, 2026 for Invesco Ultra Short Duration ETF, and $1.5bn on Jul 31, 2026 for Northern Trust Ultra-Short Fixed Income ETF.

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Answers cite the figures on this page.

GSY costs 0.03 points a year less; their one-year returns differ by 0.1 points; GSY is 2.6 times larger.

GSY vs RAVI: Differences, Returns & Fees
GSYRAVI
Expense ratio0.22%0.25%
Net assets, as of Jul 31, 2026$3.9bn$1.5bn
Total return, 1 year+3.7%+3.8%
What it tracksNo index, actively managedNo index, actively managed
Holdings in common9%

Holdings in common uses holdings dated Jul 31, 2026.

+3.7%
GSY total return, 1 year
+3.8%
RAVI total return, 1 year
0.22%
GSY expense ratio
0.25%
RAVI expense ratio

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Client brief · page 1 of 2Report BR-9CB9025A64

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

  1. Holdings in common. 9% of the weight is in the same securities (holdings dated Jul 31, 2026).
  2. What each follows (similar). Both follow No index, actively managed.
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 GSY returned +3.7% and RAVI +3.8% with distributions reinvested, a gap of 0.1 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 RAVI hold 9% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

9% in common

Positions both hold, largest shared weight first
Holding GSY RAVI
Amazon.com, Inc., due Jul 9, 2029 0.64% 1.01%
Truist Bank, due Jan 27, 2029 0.51% 1.20%
Ingersoll Rand Inc., due Jun 15, 2027 0.39% 1.35%
Amphenol Corp., due Nov 15, 2027 0.38% 0.42%
Abbott Laboratories, due Mar 9, 2029 0.38% 1.55%
Deutsche Bank AG, due Jan 10, 2029 0.36% 0.47%
Energy Transfer L.P., due Mar 15, 2027 0.51% 0.33%
Keurig Dr Pepper Inc., due Nov 15, 2026 0.31% 0.67%
Agilent Technologies, Inc., due Sep 9, 2027 0.51% 0.30%
Truist Bank, due Jul 24, 2028 0.30% 0.80%
L3Harris Technologies, Inc., due Jan 15, 2027 0.29% 0.47%
Salesforce, Inc., due Mar 15, 2028 0.33% 0.28%
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%
Only in RAVI
FHLMC, due Aug 3, 2026 4.58%
Walt Disney Co. (The), due Mar 14, 2029 2.60%
Merck & Co., Inc., due Mar 15, 2029 1.85%
Bank of America Corp., due May 9, 2029 1.62%
AT&T, Inc., due Feb 15, 2027 1.53%
Royal Bank of Canada, Series 1, due Jul 10, 2029 1.34%
Chevron USA, Inc., due Aug 13, 2028 1.16%
Sanofi SA, due Nov 3, 2028 1.12%

Check overlap with more funds →

On the same fields

GSY
Invesco Ultra Short Duration ETF
RAVI
Northern Trust Ultra-Short Fixed Income ETF
Where it sits Bond ETF Bond ETF
Issuer Invesco Northern Trust
What it is Actively managed Actively managed
Total return, 1 year +3.7% +3.8%
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% 0.25%
Holdings 414 244
Net assets, GSY as of Oct 20, 2026 and RAVI as of Jul 31, 2026 $4.0bn $1.5bn

GSY and RAVI 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 RAVI

RAVI is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.8% with distributions reinvested. The prospectus expense ratio is 0.25% a year.

Questions people ask

Which returned more over the last year, GSY or RAVI?
In the year to Oct 20, 2026, with distributions reinvested, GSY returned +3.7% and RAVI +3.8%.
Which is cheaper, GSY or RAVI?
GSY is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
GSY vs YEARGSY vs VGUSGSY vs IBTGGSY vs VRIGCLIP vs RAVIRAVI vs SGOVIBDS vs RAVIRAVI vs VNLA
GSY on its own →RAVI on its own →Hold both: look the portfolio through →Rankings →GSY dividend history →GSY holdings →RAVI dividend history →RAVI 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 ↗RAVI filings on SEC EDGAR ↗RAVI prospectus with the expense ratio (SEC) ↗Northern Trust website ↗

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

Open data

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