GTO vs. DODIX
Compare and contrast key facts about Invesco Total Return Bond ETF (GTO) and Dodge & Cox Income Fund (DODIX).
GTO is an actively managed fund by Invesco. It was launched on Feb 10, 2016. DODIX is managed by Dodge & Cox.
Performance
GTO vs. DODIX - Performance Comparison
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GTO vs. DODIX - 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% |
DODIX Dodge & Cox Income Fund | -0.19% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Returns By Period
In the year-to-date period, GTO achieves a -0.10% return, which is significantly higher than DODIX's -0.19% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: GTO at 3.02% and DODIX at 3.02%.
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%
DODIX
- 1D
- 0.63%
- 1M
- -2.32%
- YTD
- -0.19%
- 6M
- 1.09%
- 1Y
- 5.10%
- 3Y*
- 4.90%
- 5Y*
- 1.40%
- 10Y*
- 3.02%
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GTO vs. DODIX - Expense Ratio Comparison
GTO has a 0.35% expense ratio, which is lower than DODIX's 0.41% expense ratio.
Return for Risk
GTO vs. DODIX — Risk / Return Rank
GTO
DODIX
GTO vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Total Return Bond ETF (GTO) and Dodge & Cox Income Fund (DODIX). 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 | DODIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 1.15 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.58 | 1.65 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.02 | -0.34 |
Martin ratioReturn relative to average drawdown | 5.09 | 6.03 | -0.94 |
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 | DODIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.15 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.25 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.69 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.47 | -0.96 |
Correlation
The correlation between GTO and DODIX is 0.82, 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. DODIX - Dividend Comparison
GTO's dividend yield for the trailing twelve months is around 4.78%, more than DODIX's 4.29% 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% |
DODIX Dodge & Cox Income Fund | 4.29% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
Drawdowns
GTO vs. DODIX - Drawdown Comparison
The maximum GTO drawdown since its inception was -20.61%, which is greater than DODIX's maximum drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for GTO and DODIX.
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Drawdown Indicators
| GTO | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -16.89% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.94% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -16.89% | -3.72% |
Max Drawdown (10Y)Largest decline over 10 years | -20.61% | -16.89% | -3.72% |
Current DrawdownCurrent decline from peak | -2.39% | -2.32% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -1.50% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.98% | -0.01% |
Volatility
GTO vs. DODIX - Volatility Comparison
The current volatility for Invesco Total Return Bond ETF (GTO) is 1.58%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.85%. This indicates that GTO experiences smaller price fluctuations and is considered to be less risky than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTO | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.85% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 2.80% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 4.61% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 5.52% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.57% | 4.42% | +1.15% |