GTO vs. SYSB
GTO (Invesco Total Return Bond ETF) and SYSB (iShares Systematic Bond ETF) are both Intermediate Core-Plus Bond funds. GTO is actively managed, while SYSB is passively managed. Over the past 10 years, GTO returned 2.86%/yr vs 2.28%/yr for SYSB. A 0.64 correlation means they provide meaningful diversification when combined. GTO charges 0.35%/yr vs 0.25%/yr for SYSB.
Performance
GTO vs. SYSB - Performance Comparison
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Returns By Period
In the year-to-date period, GTO achieves a 0.74% return, which is significantly higher than SYSB's 0.43% return. Over the past 10 years, GTO has outperformed SYSB with an annualized return of 2.86%, while SYSB has yielded a comparatively lower 2.28% 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%
SYSB
- 1D
- -0.18%
- 1M
- 0.72%
- YTD
- 0.43%
- 6M
- 0.65%
- 1Y
- 5.26%
- 3Y*
- 6.83%
- 5Y*
- 1.58%
- 10Y*
- 2.28%
GTO vs. SYSB - 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% |
SYSB iShares Systematic Bond ETF | 0.43% | 8.32% | 6.04% | 8.22% | -13.57% | -1.00% | 3.31% | 10.03% | -0.93% | 3.89% |
Correlation
The correlation between GTO and SYSB is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2016 | 0.64 |
Over the past year, GTO and SYSB have become more correlated (0.89) than their long-term average of 0.64, meaning their price movements have been converging.
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Return for Risk
GTO vs. SYSB — Risk / Return Rank
GTO
SYSB
GTO vs. SYSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Total Return Bond ETF (GTO) and iShares Systematic Bond ETF (SYSB). 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 | SYSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.77 | +0.31 |
| Martin ratioReturn relative to average drawdown | 6.33 | 5.09 | +1.24 |
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Drawdowns
GTO vs. SYSB - Drawdown Comparison
The maximum GTO drawdown since its inception was -20.61%, which is greater than SYSB's maximum drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for GTO and SYSB.
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Drawdown Indicators
| GTO | SYSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -18.47% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.99% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -5.98% | -3.08% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -18.47% | -2.14% |
Max Drawdown (10Y)Largest decline over 10 years | -20.61% | -18.47% | -2.14% |
Current DrawdownCurrent decline from peak | -1.57% | -1.42% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -3.27% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.04% | -0.15% |
Volatility
GTO vs. SYSB - Volatility Comparison
The current volatility for Invesco Total Return Bond ETF (GTO) is 0.98%, while iShares Systematic Bond ETF (SYSB) has a volatility of 1.23%. This indicates that GTO experiences smaller price fluctuations and is considered to be less risky than SYSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTO | SYSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.23% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.59% | 3.23% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 3.92% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 5.64% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 4.94% | +0.65% |
GTO vs. SYSB - Expense Ratio Comparison
GTO has a 0.35% expense ratio, which is higher than SYSB's 0.25% expense ratio.
Dividends
GTO vs. SYSB - Dividend Comparison
GTO's dividend yield for the trailing twelve months is around 5.18%, more than SYSB's 4.60% 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% |
SYSB iShares Systematic Bond ETF | 4.60% | 4.78% | 5.04% | 4.44% | 3.27% | 1.92% | 2.57% | 3.27% | 3.61% | 2.74% | 2.92% | 2.26% |
Frequently Asked Questions
GTO and SYSB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SYSB has higher volatility (1.23%) compared to GTO (0.98%). In terms of maximum drawdown, GTO dropped -20.61% vs SYSB's -18.47%.
On 10-year performance, GTO leads with 2.86% vs 2.28% for SYSB. On fees, SYSB is cheaper at 0.25% 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 2.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SYSB is cheaper with a 0.25% expense ratio, compared with 0.35% for GTO.
GTO has the higher dividend yield at 5.18%, compared with 4.60% for SYSB.
They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for GTO and 0.25% for SYSB.
GTO currently has the higher Sharpe Ratio (1.67 vs 1.35), 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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