GTO vs. EUSB
GTO (Invesco Total Return Bond ETF) and EUSB (iShares ESG Advanced Total USD Bond Market ETF) are both Intermediate Core-Plus Bond funds. GTO is actively managed, while EUSB is passively managed. Over the past 5 years, GTO returned 0.07%/yr vs 0.34%/yr for EUSB. Their correlation of 0.91 suggests significant overlap in exposure. GTO charges 0.35%/yr vs 0.12%/yr for EUSB.
Performance
GTO vs. EUSB - Performance Comparison
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Returns By Period
In the year-to-date period, GTO achieves a 0.68% return, which is significantly higher than EUSB's 0.13% return.
GTO
- 1D
- -0.15%
- 1M
- 0.49%
- YTD
- 0.68%
- 6M
- 0.69%
- 1Y
- 6.41%
- 3Y*
- 4.86%
- 5Y*
- 0.07%
- 10Y*
- 2.93%
EUSB
- 1D
- -0.20%
- 1M
- 0.27%
- YTD
- 0.13%
- 6M
- 0.19%
- 1Y
- 5.15%
- 3Y*
- 4.27%
- 5Y*
- 0.34%
- 10Y*
- —
GTO vs. EUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GTO Invesco Total Return Bond ETF | 0.68% | 7.17% | 2.63% | 5.95% | -14.77% | -0.38% | 3.83% |
EUSB iShares ESG Advanced Total USD Bond Market ETF | 0.13% | 7.45% | 1.83% | 5.80% | -12.81% | -1.29% | 1.68% |
Correlation
The correlation between GTO and EUSB is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020 | 0.91 |
The correlation between GTO and EUSB has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
GTO vs. EUSB — Risk / Return Rank
GTO
EUSB
GTO vs. EUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Total Return Bond ETF (GTO) and iShares ESG Advanced Total USD Bond Market ETF (EUSB). 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 | EUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.09 | +0.27 |
| Martin ratioReturn relative to average drawdown | 7.50 | 6.26 | +1.24 |
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 | EUSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.45 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.06 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.04 | +0.48 |
Drawdowns
GTO vs. EUSB - Drawdown Comparison
The maximum GTO drawdown since its inception was -20.61%, which is greater than EUSB's maximum drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for GTO and EUSB.
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Drawdown Indicators
| GTO | EUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -17.87% | -2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.48% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -5.98% | -5.76% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -17.45% | -3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -20.61% | — | — |
Current DrawdownCurrent decline from peak | -1.62% | -1.36% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -6.50% | +1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.82% | +0.04% |
Volatility
GTO vs. EUSB - Volatility Comparison
Invesco Total Return Bond ETF (GTO) and iShares ESG Advanced Total USD Bond Market ETF (EUSB) have volatilities of 1.19% and 1.17%, 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 | EUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.17% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 2.49% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.57% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 5.77% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.58% | 5.41% | +0.17% |
GTO vs. EUSB - Expense Ratio Comparison
GTO has a 0.35% expense ratio, which is higher than EUSB's 0.12% expense ratio.
Dividends
GTO vs. EUSB - Dividend Comparison
GTO's dividend yield for the trailing twelve months is around 4.76%, more than EUSB's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EUSB iShares ESG Advanced Total USD Bond Market ETF | 3.97% | 3.84% | 3.67% | 3.08% | 2.21% | 1.10% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% |
GTO Invesco Total Return Bond ETF | 4.76% | 4.70% | 4.42% | 4.05% | 3.47% | 1.93% | 4.04% | 2.97% | 5.25% | 2.81% | 2.57% |
Frequently Asked Questions
With a correlation of 0.95, GTO and EUSB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GTO has higher volatility (1.19%) compared to EUSB (1.17%). In terms of maximum drawdown, GTO dropped -20.61% vs EUSB's -17.87%.
On 5-year performance, EUSB leads with 0.34% vs 0.07% for GTO. On fees, EUSB is cheaper at 0.12% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EUSB has performed better with a 0.34% return vs 0.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUSB is cheaper with a 0.12% expense ratio, compared with 0.35% for GTO.
GTO has the higher dividend yield at 4.76%, compared with 3.97% for EUSB.
They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for GTO and 0.12% for EUSB.
GTO currently has the higher Sharpe Ratio (1.88 vs 1.45), 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.
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