GTO vs. IGLB
GTO (Invesco Total Return Bond ETF) and IGLB (iShares 10+ Year Investment Grade Corporate Bond ETF) are both exchange-traded funds - GTO is a Intermediate Core-Plus Bond fund actively managed by Invesco, while IGLB is a Corporate Bonds fund tracking the ICE BofAML10+ Year US Corporate Index. GTO is actively managed, while IGLB is passively managed. Over the past 10 years, GTO returned 2.86%/yr vs 2.20%/yr for IGLB. A 0.78 correlation means they provide meaningful diversification when combined. GTO charges 0.35%/yr vs 0.06%/yr for IGLB.
Performance
GTO vs. IGLB - Performance Comparison
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Returns By Period
In the year-to-date period, GTO achieves a 0.74% return, which is significantly lower than IGLB's 1.19% return. Over the past 10 years, GTO has outperformed IGLB with an annualized return of 2.86%, while IGLB has yielded a comparatively lower 2.20% annualized return.
GTO
- 1D
- -0.21%
- 1M
- 0.57%
- YTD
- 0.74%
- 6M
- 0.80%
- 1Y
- 5.64%
- 3Y*
- 4.78%
- 5Y*
- 0.05%
- 10Y*
- 2.86%
IGLB
- 1D
- -0.42%
- 1M
- 1.36%
- YTD
- 1.19%
- 6M
- 1.21%
- 1Y
- 6.56%
- 3Y*
- 4.26%
- 5Y*
- -2.01%
- 10Y*
- 2.20%
GTO vs. IGLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTO Invesco Total Return Bond ETF | 0.74% | 7.17% | 2.63% | 5.95% | -14.77% | -0.38% | 10.86% | 11.65% | -0.26% | 7.41% |
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 1.19% | 7.53% | -1.50% | 11.03% | -25.38% | -1.68% | 13.30% | 23.19% | -6.90% | 12.15% |
Correlation
The correlation between GTO and IGLB is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2016 | 0.78 |
The correlation between GTO and IGLB shifts across timeframes, from 0.78 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GTO vs. IGLB — Risk / Return Rank
GTO
IGLB
GTO vs. IGLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Total Return Bond ETF (GTO) and iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB). 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.
| GTO | IGLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.15 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.27 | +0.80 |
| Martin ratioReturn relative to average drawdown | 6.33 | 3.13 | +3.20 |
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Drawdowns
GTO vs. IGLB - Drawdown Comparison
The maximum GTO drawdown since its inception was -20.61%, smaller than the maximum IGLB drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for GTO and IGLB.
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Drawdown Indicators
| GTO | IGLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -34.12% | +13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -5.19% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -5.98% | -12.87% | +6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -34.12% | +13.51% |
Max Drawdown (10Y)Largest decline over 10 years | -20.61% | -34.12% | +13.51% |
Current DrawdownCurrent decline from peak | -1.57% | -13.41% | +11.84% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -8.12% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 2.10% | -1.21% |
Volatility
GTO vs. IGLB - Volatility Comparison
The current volatility for Invesco Total Return Bond ETF (GTO) is 0.98%, while iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) has a volatility of 1.89%. This indicates that GTO experiences smaller price fluctuations and is considered to be less risky than IGLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTO | IGLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.89% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 5.80% | -3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 7.76% | -4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 12.38% | -6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 12.55% | -6.96% |
GTO vs. IGLB - Expense Ratio Comparison
GTO has a 0.35% expense ratio, which is higher than IGLB's 0.06% expense ratio.
Dividends
GTO vs. IGLB - Dividend Comparison
GTO's dividend yield for the trailing twelve months is around 5.18%, less than IGLB's 5.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTO Invesco Total Return Bond ETF | 5.18% | 4.70% | 4.42% | 4.05% | 3.47% | 1.93% | 4.04% | 2.97% | 5.25% | 2.81% | 2.57% | 0.00% |
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 5.24% | 5.14% | 5.10% | 4.59% | 4.56% | 3.16% | 3.22% | 3.73% | 4.56% | 3.94% | 4.21% | 4.58% |
Frequently Asked Questions
With a correlation of 0.92, GTO and IGLB 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.
IGLB has higher volatility (1.89%) compared to GTO (0.98%). In terms of maximum drawdown, GTO dropped -20.61% vs IGLB's -34.12%.
On 10-year performance, GTO leads with 2.86% vs 2.20% for IGLB. On fees, IGLB is cheaper at 0.06% per year. On volatility, GTO has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GTO has performed better with a 2.86% return vs 2.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGLB is cheaper with a 0.06% expense ratio, compared with 0.35% for GTO.
IGLB has the higher dividend yield at 5.24%, compared with 5.18% for GTO.
GTO is categorized as Intermediate Core-Plus Bond, while IGLB is Corporate Bonds. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for GTO and 0.06% for IGLB.
GTO currently has the higher Sharpe Ratio (1.67 vs 0.85), 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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