GTO vs. BND
Compare and contrast key facts about Invesco Total Return Bond ETF (GTO) and Vanguard Total Bond Market ETF (BND).
GTO and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GTO is an actively managed fund by Invesco. It was launched on Feb 10, 2016. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
GTO vs. BND - Performance Comparison
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GTO vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTO Invesco Total Return Bond ETF | -0.10% | 7.17% | 2.63% | 5.95% | -14.77% | -0.38% | 10.86% | 11.65% | -0.26% | 7.41% |
BND Vanguard Total Bond Market ETF | 0.05% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Returns By Period
In the year-to-date period, GTO achieves a -0.10% return, which is significantly lower than BND's 0.05% return. Over the past 10 years, GTO has outperformed BND with an annualized return of 3.02%, while BND has yielded a comparatively lower 1.67% annualized return.
GTO
- 1D
- 0.30%
- 1M
- -1.96%
- YTD
- -0.10%
- 6M
- 0.92%
- 1Y
- 4.65%
- 3Y*
- 4.30%
- 5Y*
- 0.16%
- 10Y*
- 3.02%
BND
- 1D
- 0.22%
- 1M
- -1.74%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.24%
- 3Y*
- 3.59%
- 5Y*
- 0.24%
- 10Y*
- 1.67%
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GTO vs. BND - Expense Ratio Comparison
GTO has a 0.35% expense ratio, which is higher than BND's 0.03% expense ratio.
Return for Risk
GTO vs. BND — Risk / Return Rank
GTO
BND
GTO vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Total Return Bond ETF (GTO) and Vanguard Total Bond Market ETF (BND). 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.
| GTO | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 0.99 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.41 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.81 | -0.13 |
Martin ratioReturn relative to average drawdown | 5.09 | 4.98 | +0.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GTO | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.99 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.04 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.30 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.59 | -0.08 |
Correlation
The correlation between GTO and BND is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GTO vs. BND - Dividend Comparison
GTO's dividend yield for the trailing twelve months is around 4.78%, more than BND's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTO Invesco Total Return Bond ETF | 4.78% | 4.70% | 4.42% | 4.05% | 3.47% | 1.93% | 4.04% | 2.97% | 5.25% | 2.81% | 2.57% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.91% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
GTO vs. BND - Drawdown Comparison
The maximum GTO drawdown since its inception was -20.61%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for GTO and BND.
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Drawdown Indicators
| GTO | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -18.58% | -2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.44% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -17.91% | -2.70% |
Max Drawdown (10Y)Largest decline over 10 years | -20.61% | -18.58% | -2.03% |
Current DrawdownCurrent decline from peak | -2.39% | -2.58% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -3.07% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.89% | +0.08% |
Volatility
GTO vs. BND - Volatility Comparison
Invesco Total Return Bond ETF (GTO) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.58% and 1.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTO | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.63% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 2.52% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 4.30% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 6.00% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.57% | 5.52% | +0.05% |