- Issuer
- Invesco
- Inception Date
- Dec 9, 2022
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $12M
Share Price Chart
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Performance
GTOH Performance Chart
Invesco Short Duration High Yield ETF (GTOH) is up 1.7% since the beginning of the year. GTOH is currently trading at $25 per share.
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Returns By Period
Invesco Short Duration High Yield ETF (GTOH) has returned 1.66% so far this year and 6.97% over the past 12 months.
Invesco Short Duration High Yield ETF
- 1D
- -0.20%
- 1M
- 0.42%
- YTD
- 1.66%
- 6M
- 1.83%
- 1Y
- 6.97%
- 3Y*
- 7.86%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
GTOH Monthly Returns History
Based on dividend-adjusted daily data since Dec 9, 2022, GTOH's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 72% of months were positive and 28% were negative. The best month was Nov 2023 with a return of +3.6%, while the worst month was Feb 2023 at -2.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.
On a daily basis, GTOH closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +1.9%, while the worst single day was Feb 21, 2023 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.71% | 0.39% | -1.04% | 1.22% | 0.54% | -0.16% | 1.66% | ||||||
| 2025 | 1.22% | 0.35% | -0.84% | -0.27% | 1.94% | 1.71% | 0.06% | 1.14% | 0.95% | 0.26% | 0.77% | 0.38% | 7.91% |
| 2024 | 0.30% | 0.15% | 1.33% | -0.96% | 1.33% | 0.75% | 1.52% | 1.50% | 1.13% | -0.78% | 1.02% | -0.86% | 6.57% |
| 2023 | 3.03% | -2.20% | 1.97% | 0.58% | -1.22% | 1.69% | 1.13% | 0.12% | -1.03% | -0.67% | 3.59% | 3.26% | 10.54% |
| 2022 | -1.34% | -1.34% |
Benchmark Metrics
Invesco Short Duration High Yield ETF has an annualized alpha of 3.09%, beta of 0.20, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since December 12, 2022.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (28.04%) than losses (27.34%) - typical of diversified or defensive assets.
- Beta of 0.20 may look defensive, but with R2 of 0.47 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.47 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.09%
- Beta
- 0.20
- R²
- 0.47
- Upside Capture
- 28.04%
- Downside Capture
- 27.34%
Expense Ratio
GTOH has an expense ratio of 0.48%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GTOH ranks 75 for risk / return — better than 75% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Short Duration High Yield ETF (GTOH) and compare them to S&P 500 Index.
| GTOH | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.34 | 2.24 | +0.10 |
Sortino ratioReturn per unit of downside risk | 3.63 | 3.07 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.41 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.93 | +0.13 |
Martin ratioReturn relative to average drawdown | 15.02 | 13.52 | +1.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Invesco Short Duration High Yield ETF provided a 6.24% dividend yield over the last twelve months, with an annual payout of $1.59 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.59 | $1.69 | $1.73 | $1.74 |
Dividend yield | 6.24% | 6.57% | 6.81% | 6.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Short Duration High Yield ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.13 | $0.12 | $0.12 | $0.12 | $0.11 | $0.00 | $0.60 | ||||||
| 2025 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.13 | $0.13 | $0.12 | $0.13 | $0.22 | $1.69 |
| 2024 | $0.15 | $0.14 | $0.14 | $0.14 | $0.14 | $0.15 | $0.14 | $0.14 | $0.15 | $0.14 | $0.15 | $0.14 | $1.73 |
| 2023 | $0.16 | $0.00 | $0.15 | $0.16 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.16 | $0.15 | $0.20 | $1.74 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Short Duration High Yield ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Short Duration High Yield ETF was 4.77%, occurring on Feb 21, 2023. Recovery took 98 trading sessions.
The current Invesco Short Duration High Yield ETF drawdown is 0.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -4.77%Feb 2023 | 18d | 4mo 22d | 5mo 10dFeb 2023 - Jul 2023 |
2025 selloff2025 | -4.13%Apr 2025 | 2mo 1d | 1mo 4d | 3mo 5dFeb 2025 - May 2025 |
2023 pullback2023 | -2.92%Oct 2023 | 1mo 5d | 14d | 1mo 19dSep 2023 - Nov 2023 |
Bear market2022 | -2.87%Dec 2022 | 14d | 12d | 26dDec 2022 - Jan 2023 |
2026 pullback2026 | -2.29%Mar 2026 | 28d | 18d | 1mo 16dFeb 2026 - Apr 2026 |
Drawdown Indicators
| GTOH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.77% | -56.78% | +52.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -9.10% | +6.81% |
Max Drawdown (3Y)Largest decline over 3 years | -4.13% | -18.90% | +14.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.74% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -10.72% | +10.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 1.97% | -1.50% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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