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GSY vs VRIG: Differences, Returns & Fees

On Jul 31, 2026 GSY's duration was 0.8 years and VRIG's 0.3; GSY charges 0.22% to VRIG's 0.30%. Net assets on Oct 20, 2026: $4.0bn for Invesco Ultra Short Duration ETF and $1.9bn for Invesco Variable Rate Investment Grade ETF.

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Ask IQ about GSY and VRIG

Answers cite the figures on this page.

GSY costs 0.08 points a year less; their one-year returns differ by 0.6 points; GSY is 2.1 times larger.

GSY vs VRIG: Differences, Returns & Fees
GSYVRIG
Expense ratio0.22%0.30%
Net assets$4.0bn$1.9bn
Total return, 1 year+3.7%+4.3%
What it tracksNo index, actively managedNo index, actively managed
Holdings in common6%

Holdings in common uses holdings dated Jul 31, 2026.

+3.7%
GSY total return, 1 year
+4.3%
VRIG total return, 1 year
0.22%
GSY expense ratio
0.30%
VRIG expense ratio

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Client brief · page 1 of 2Report BR-C6712F5E93

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

  1. Holdings in common. 6% 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 VRIG +4.3% 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, GSY and VRIG hold 6% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

6% in common

Positions both hold, largest shared weight first
Holding GSY VRIG
Deutsche Bank AG, due Jan 10, 2029 0.36% 0.36%
Hewlett Packard Enterprise Co., due Mar 23, 2028 0.39% 0.33%
GS Mortgage-Backed Securities Trust, Series 2025-HE2, Class A1, due Dec 25, 2065 0.33% 0.38%
U.S. Bank N.A., due May 15, 2028 0.31% 0.41%
Keurig Dr Pepper Inc., due Nov 15, 2026 0.31% 0.33%
Banco Santander S.A., due Apr 15, 2029 0.30% 0.34%
Nationwide Building Society, due Jul 14, 2029 0.31% 0.27%
General Motors Financial Co., Inc., due Apr 4, 2028 0.43% 0.27%
Wells Fargo & Co., due Apr 22, 2028 0.26% 0.39%
JPMorgan Chase & Co., due Apr 22, 2028 0.26% 0.41%
Morgan Stanley, due Apr 13, 2028 0.26% 0.41%
Corebridge Global Funding, due Jan 7, 2028 0.25% 0.38%
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 VRIG
U.S. Treasury Floating Rate Notes, due Apr 30, 2028 7.44%
U.S. Treasury Floating Rate Notes, due Oct 31, 2027 3.77%
U.S. Treasury Floating Rate Notes, due Apr 30, 2027 2.29%
U.S. Treasury Floating Rate Notes, due Jul 31, 2027 2.18%
U.S. Treasury Floating Rate Notes, due Jan 31, 2028 0.92%
Fannie Mae Connecticut Avenue Securities, Series 2022-R06, Class 1M2, due May 25, 2042 0.86%
Freddie Mac, Series 2022-DNA2, Class M2, due Feb 25, 2042 0.76%
Freddie Mac REMICs, due Feb 25, 2056 0.72%

Check overlap with more funds →

On the same fields

GSY
Invesco Ultra Short Duration ETF
VRIG
Invesco Variable Rate Investment Grade ETF
Where it sits Bond ETF Bond ETF
Issuer Invesco Invesco
What it is Actively managed Actively managed
Total return, 1 year +3.7% +4.3%
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% 0.30%
Holdings 414 363
Net assets $4.0bn $1.9bn

GSY and VRIG 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 VRIG

VRIG is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +4.3% with distributions reinvested. The prospectus expense ratio is 0.30% a year.

Questions people ask

Which returned more over the last year, GSY or VRIG?
In the year to Oct 20, 2026, with distributions reinvested, GSY returned +3.7% and VRIG +4.3%.
Which is cheaper, GSY or VRIG?
GSY is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
GSY vs XHLFGSY vs TBUXDUSB vs GSYFLDR vs GSYIBDS vs VRIGVNLA vs VRIGIBDR vs VRIGTBLL vs VRIG
GSY on its own →VRIG on its own →Hold both: look the portfolio through →Rankings →GSY dividend history →GSY holdings →VRIG dividend history →VRIG holdings →Standards and sources →
Where these figures came from
GSY and VRIG filings on SEC EDGAR ↗GSY and VRIG prospectus with the expense ratio (SEC) ↗Invesco page for GSY ↗Invesco page for VRIG ↗

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

Open data

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