GHTA vs. CVY

Last updated Aug 2, 2026

GHTA (Goose Hollow Tactical Allocation ETF) and CVY (Invesco Zacks Multi-Asset Income ETF) are both Diversified Portfolio funds. GHTA is actively managed, while CVY is passively managed. Over the past 3 years, GHTA returned 7.56%/yr vs 14.62%/yr for CVY. Their 0.61 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.21% expense ratio.

Performance

GHTA vs. CVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goose Hollow Tactical Allocation ETF (GHTA) and Invesco Zacks Multi-Asset Income ETF (CVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GHTA achieves a 1.11% return, which is significantly lower than CVY's 15.51% return.

GHTA

• 1D: -0.63%
• 1M: -1.52%
• 6M: -1.30%
• YTD: 1.11%
• 1Y: 4.85%
• 3Y*: 7.56%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.38%

CVY

• 1D: -0.27%
• 1M: 3.22%
• 6M: 10.58%
• YTD: 15.51%
• 1Y: 22.82%
• 3Y*: 14.62%
• 5Y*: 9.27%
• 10Y*: 8.99%
• ALL TIME*: 6.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CVY Invesco Zacks Multi-Asset Income ETF	$104.32K	$103.88K	$109.40K
GHTA Goose Hollow Tactical Allocation ETF	$79.73K	$68.58K	$100.66K

GHTA vs. CVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GHTA Goose Hollow Tactical Allocation ETF	1.11%	10.06%	4.78%	14.10%	1.99%	-1.42%
CVY Invesco Zacks Multi-Asset Income ETF	15.51%	11.00%	10.28%	17.87%	-9.27%	-1.21%

Correlation

The correlation between GHTA and CVY is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (3Y) Balances recent behavior with more history.	0.54
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.61

The correlation between GHTA and CVY shifts across timeframes, from 0.49 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GHTA vs. CVY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GHTA

GHTA Risk / Return Rank: 25
GHTA Sharpe Ratio Rank: 27
GHTA Sortino Ratio Rank: 26
GHTA Omega Ratio Rank: 25
GHTA Calmar Ratio Rank: 25
GHTA Martin Ratio Rank: 24

CVY

CVY Risk / Return Rank: 83
CVY Sharpe Ratio Rank: 85
CVY Sortino Ratio Rank: 86
CVY Omega Ratio Rank: 83
CVY Calmar Ratio Rank: 80
CVY Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GHTA vs. CVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goose Hollow Tactical Allocation ETF (GHTA) and Invesco Zacks Multi-Asset Income ETF (CVY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	GHTA	CVY	Difference
Sharpe ratio: Return per unit of total volatility	0.63	2.01	-1.38
Sortino ratio: Return per unit of downside risk	0.97	2.88	-1.91
Omega ratio: Gain probability vs. loss probability	1.12	1.35	-0.24
Calmar ratio: Return relative to maximum drawdown	0.76	2.92	-2.16
Martin ratio: Return relative to average drawdown	1.75	10.01	-8.26

GHTA vs. CVY - Sharpe Ratio Comparison

The current GHTA Sharpe Ratio is 0.63, which is lower than the CVY Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of GHTA and CVY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GHTA vs. CVY - Drawdown Comparison

The maximum GHTA drawdown since its inception was -13.92%, smaller than the maximum CVY drawdown of -66.86%. Use the drawdown chart below to compare losses from any high point for GHTA and CVY.

Drawdown Indicators

	GHTA	CVY	Difference
Max Drawdown Largest peak-to-trough decline	-13.92%	-66.86%	+52.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.18%	-7.43%	+1.25%
Max Drawdown (3Y) Largest decline over 3 years	-13.91%	-16.79%	+2.88%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.47%	—
Current Drawdown Current decline from peak	-3.71%	-0.97%	-2.74%
Average Drawdown Average peak-to-trough decline	-3.50%	-10.33%	+6.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	2.16%	+0.52%

Volatility

GHTA vs. CVY - Volatility Comparison

The current volatility for Goose Hollow Tactical Allocation ETF (GHTA) is 1.84%, while Invesco Zacks Multi-Asset Income ETF (CVY) has a volatility of 3.00%. This indicates that GHTA experiences smaller price fluctuations and is considered to be less risky than CVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GHTA	CVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.84%	3.00%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	5.90%	7.79%	-1.89%
Volatility (1Y) Calculated over the trailing 1-year period	7.58%	10.82%	-3.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.79%	16.06%	-4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.79%	19.46%	-7.67%

GHTA vs. CVY - Expense Ratio Comparison

Both GHTA and CVY have an expense ratio of 1.21%.

Dividends

GHTA vs. CVY - Dividend Comparison

GHTA's dividend yield for the trailing twelve months is around 3.79%, less than CVY's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVY Invesco Zacks Multi-Asset Income ETF	4.11%	3.99%	4.07%	4.41%	5.18%	2.37%	3.40%	3.22%	4.44%	3.94%	4.50%	5.89%
GHTA Goose Hollow Tactical Allocation ETF	3.79%	3.84%	2.46%	2.32%	0.38%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GHTA and CVY in my portfolio?

GHTA and CVY have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GHTA or CVY?

CVY has higher volatility (3.00%) compared to GHTA (1.84%). In terms of maximum drawdown, GHTA dropped -13.92% vs CVY's -66.86%.

Which ETF is better, GHTA or CVY?

On 3-year performance, CVY leads with 14.62% vs 7.56% for GHTA. Both ETFs have the same 1.21% expense ratio. On volatility, GHTA has been the lower-risk option at 1.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GHTA or CVY?

Over the 3-year period, CVY has performed better with a 14.62% return vs 7.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GHTA or CVY?

GHTA and CVY have the same expense ratio: 1.21% per year.

Which ETF pays a higher dividend yield, GHTA or CVY?

CVY has the higher dividend yield at 4.11%, compared with 3.79% for GHTA.

What is the main difference between GHTA and CVY?

They also come from different issuers: Goose Hollow and Invesco.

Which has better risk-adjusted returns?

CVY currently has the higher Sharpe Ratio (2.01 vs 0.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.