GTO vs. HTAB
GTO (Invesco Total Return Bond ETF) and HTAB (Hartford Schroders Tax-Aware Bond ETF) are both exchange-traded funds - GTO is a Intermediate Core-Plus Bond fund actively managed by Invesco, while HTAB is a Intermediate Core Bond fund actively managed by Hartford. Both are actively managed. Over the past 5 years, GTO returned 0.07%/yr vs 0.69%/yr for HTAB. A 0.59 correlation means they provide meaningful diversification when combined. GTO charges 0.35%/yr vs 0.39%/yr for HTAB.
Performance
GTO vs. HTAB - Performance Comparison
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Returns By Period
In the year-to-date period, GTO achieves a 0.68% return, which is significantly lower than HTAB's 1.48% 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%
HTAB
- 1D
- -0.05%
- 1M
- 0.66%
- YTD
- 1.48%
- 6M
- 1.64%
- 1Y
- 6.89%
- 3Y*
- 3.43%
- 5Y*
- 0.69%
- 10Y*
- —
GTO vs. HTAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GTO Invesco Total Return Bond ETF | 0.68% | 7.17% | 2.63% | 5.95% | -14.77% | -0.38% | 10.86% | 11.65% | 0.89% |
HTAB Hartford Schroders Tax-Aware Bond ETF | 1.48% | 2.86% | 1.52% | 7.16% | -8.33% | -0.12% | 5.41% | 7.86% | 1.43% |
Correlation
The correlation between GTO and HTAB is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2018 | 0.59 |
The correlation between GTO and HTAB shifts across timeframes, from 0.59 (all time) to 0.75 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GTO vs. HTAB — Risk / Return Rank
GTO
HTAB
GTO vs. HTAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Total Return Bond ETF (GTO) and Hartford Schroders Tax-Aware Bond ETF (HTAB). 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 | HTAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.43 | -0.07 |
| Martin ratioReturn relative to average drawdown | 7.50 | 7.68 | -0.19 |
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 | HTAB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.72 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.12 | -0.11 |
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 | 0.44 | +0.08 |
Drawdowns
GTO vs. HTAB - Drawdown Comparison
The maximum GTO drawdown since its inception was -20.61%, which is greater than HTAB's maximum drawdown of -14.76%. Use the drawdown chart below to compare losses from any high point for GTO and HTAB.
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Drawdown Indicators
| GTO | HTAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -14.76% | -5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.85% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -5.98% | -8.42% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -14.76% | -5.85% |
Max Drawdown (10Y)Largest decline over 10 years | -20.61% | — | — |
Current DrawdownCurrent decline from peak | -1.62% | -0.86% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -2.89% | -1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.90% | -0.04% |
Volatility
GTO vs. HTAB - Volatility Comparison
Invesco Total Return Bond ETF (GTO) and Hartford Schroders Tax-Aware Bond ETF (HTAB) have volatilities of 1.19% and 1.25%, 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 | HTAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.25% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 2.80% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 4.02% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 5.74% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.58% | 5.17% | +0.41% |
GTO vs. HTAB - Expense Ratio Comparison
GTO has a 0.35% expense ratio, which is lower than HTAB's 0.39% expense ratio.
Dividends
GTO vs. HTAB - Dividend Comparison
GTO's dividend yield for the trailing twelve months is around 4.76%, more than HTAB's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HTAB Hartford Schroders Tax-Aware Bond ETF | 3.83% | 3.88% | 3.57% | 3.21% | 2.26% | 2.18% | 1.64% | 2.77% | 1.61% | 0.00% | 0.00% |
Frequently Asked Questions
GTO and HTAB have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTAB has higher volatility (1.25%) compared to GTO (1.19%). In terms of maximum drawdown, GTO dropped -20.61% vs HTAB's -14.76%.
On 5-year performance, HTAB leads with 0.69% vs 0.07% for GTO. On fees, GTO is cheaper at 0.35% 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, HTAB has performed better with a 0.69% return vs 0.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GTO is cheaper with a 0.35% expense ratio, compared with 0.39% for HTAB.
GTO has the higher dividend yield at 4.76%, compared with 3.83% for HTAB.
GTO is categorized as Intermediate Core-Plus Bond, while HTAB is Intermediate Core Bond. They also come from different issuers: Invesco and Hartford. Their fees differ too: 0.35% for GTO and 0.39% for HTAB.
GTO currently has the higher Sharpe Ratio (1.88 vs 1.72), 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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