- Issuer
- Invesco
- Inception Date
- Dec 2, 2020
- 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
- $172M
Share Price Chart
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Performance
GTOQ Performance Chart
Invesco High Yield Systematic Bond ETF (GTOQ) is up 1.8% since the beginning of the year. GTOQ is currently trading at $22 per share. Investors who bought $1,000 worth of GTOQ shares 5 years ago would now be looking at an investment worth $1,210.
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Returns By Period
Invesco High Yield Systematic Bond ETF (GTOQ) has returned 1.79% so far this year and 6.53% over the past 12 months.
Invesco High Yield Systematic Bond ETF
- 1D
- -0.19%
- 1M
- 0.51%
- YTD
- 1.79%
- 6M
- 2.02%
- 1Y
- 6.53%
- 3Y*
- 9.00%
- 5Y*
- 3.89%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GTOQ Monthly Returns History
Based on dividend-adjusted daily data since Dec 3, 2020, GTOQ's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 63% of months were positive and 37% were negative. The best month was Jul 2022 with a return of +5.4%, while the worst month was Jun 2022 at -6.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GTOQ closed higher 48% of trading days. The best single day was Apr 9, 2025 with a return of +2.4%, while the worst single day was Jun 13, 2022 at -2.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.69% | -0.26% | -1.44% | 1.89% | 0.81% | 0.12% | 1.79% | ||||||
| 2025 | 1.37% | 0.97% | -1.25% | -1.29% | 2.44% | 2.12% | -0.04% | 1.38% | 1.00% | 0.00% | 0.47% | 0.65% | 8.04% |
| 2024 | 0.02% | -0.19% | 1.85% | -1.64% | 1.81% | 0.72% | 1.92% | 1.10% | 1.34% | -0.19% | 1.64% | -0.46% | 8.13% |
| 2023 | 4.22% | -0.92% | 0.83% | 0.68% | -1.09% | 2.38% | 1.53% | 0.15% | -1.13% | -1.34% | 4.72% | 3.55% | 14.17% |
| 2022 | -2.29% | -1.05% | -0.88% | -3.47% | -0.39% | -6.36% | 5.44% | -2.94% | -4.51% | 2.98% | 2.72% | -1.53% | -12.17% |
| 2021 | 1.11% | 0.33% | 0.12% | 1.17% | 0.26% | 1.23% | 0.17% | 0.52% | -0.09% | -0.32% | -1.01% | 1.77% | 5.37% |
Benchmark Metrics
Invesco High Yield Systematic Bond ETF has an annualized alpha of 1.13%, beta of 0.23, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since December 03, 2020.
- This ETF participated in 39.73% of S&P 500 Index downside but only 28.88% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.23 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
- 1.13%
- Beta
- 0.23
- R²
- 0.47
- Upside Capture
- 28.88%
- Downside Capture
- 39.73%
Expense Ratio
GTOQ has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GTOQ ranks 54 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco High Yield Systematic Bond ETF (GTOQ) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GTOQ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.78 | -0.56 |
| Martin ratioReturn relative to average drawdown | 9.50 | 12.44 | -2.94 |
Dividends
Dividend History
Invesco High Yield Systematic Bond ETF provided a 7.40% dividend yield over the last twelve months, with an annual payout of $1.65 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.65 | $1.60 | $1.62 | $1.51 | $1.30 | $1.23 |
Dividend yield | 7.40% | 7.04% | 7.20% | 6.76% | 6.17% | 4.86% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco High Yield Systematic Bond 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 | $0.13 | $0.13 | $0.13 | $0.75 | ||||||
| 2025 | $0.14 | $0.14 | $0.14 | $0.13 | $0.15 | $0.13 | $0.13 | $0.12 | $0.13 | $0.15 | $0.13 | $0.13 | $1.60 |
| 2024 | $0.13 | $0.13 | $0.14 | $0.14 | $0.12 | $0.13 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $1.62 |
| 2023 | $0.12 | $0.11 | $0.13 | $0.12 | $0.13 | $0.12 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.14 | $1.51 |
| 2022 | $0.09 | $0.09 | $0.10 | $0.10 | $0.11 | $0.10 | $0.11 | $0.11 | $0.11 | $0.12 | $0.11 | $0.14 | $1.30 |
| 2021 | $0.10 | $0.09 | $0.10 | $0.09 | $0.10 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.20 | $1.23 |
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 High Yield Systematic Bond 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 High Yield Systematic Bond ETF was 15.96%, occurring on Sep 30, 2022. Recovery took 311 trading sessions.
The current Invesco High Yield Systematic Bond ETF drawdown is 0.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -15.96%Sep 2022 | 1y 8d | 1y 2mo | 2y 3moSep 2021 - Dec 2023 |
2025 selloff2025 | -5.25%Apr 2025 | 1mo 6d | 1mo 26d | 3mo 2dMar 2025 - Jun 2025 |
2026 pullback2026 | -2.95%Mar 2026 | 1mo 2d | 21d | 1mo 23dFeb 2026 - Apr 2026 |
2024 pullback2024 | -2.02%Apr 2024 | 19d | 20d | 1mo 9dMar 2024 - May 2024 |
2024 pullback2024 | -1.51%Dec 2024 | 10d | 1mo 3d | 1mo 13dDec 2024 - Jan 2025 |
Drawdown Indicators
| GTOQ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -56.78% | +40.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.95% | -9.10% | +6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.25% | -18.90% | +13.65% |
Max Drawdown (5Y)Largest decline over 5 years | -15.96% | -25.43% | +9.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.23% | -1.80% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -10.71% | +7.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.03% | -1.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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