GTO vs. THHYX
Compare and contrast key facts about Invesco Total Return Bond ETF (GTO) and Toews Tactical Income Fund (THHYX).
GTO is an actively managed fund by Invesco. It was launched on Feb 10, 2016. THHYX is managed by Toews Funds. It was launched on Jun 4, 2010.
Performance
GTO vs. THHYX - Performance Comparison
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GTO vs. THHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GTO Invesco Total Return Bond ETF | 0.00% | 7.17% | 2.63% | 5.95% | -14.77% | -0.38% | 10.86% | 11.65% | -0.26% | 7.41% |
THHYX Toews Tactical Income Fund | -0.03% | 3.44% | 5.48% | 4.51% | -5.33% | 0.28% | 5.21% | 7.37% | -0.80% | 2.57% |
Returns By Period
Both investments have delivered pretty close results over the past 10 years, with GTO having a 3.03% annualized return and THHYX not far ahead at 3.04%.
GTO
- 1D
- 0.11%
- 1M
- -1.48%
- YTD
- 0.00%
- 6M
- 0.84%
- 1Y
- 4.51%
- 3Y*
- 4.34%
- 5Y*
- 0.18%
- 10Y*
- 3.03%
THHYX
- 1D
- -0.10%
- 1M
- -0.56%
- YTD
- -0.03%
- 6M
- -0.33%
- 1Y
- 4.81%
- 3Y*
- 4.35%
- 5Y*
- 1.60%
- 10Y*
- 3.04%
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GTO vs. THHYX - Expense Ratio Comparison
GTO has a 0.35% expense ratio, which is lower than THHYX's 1.46% expense ratio.
Return for Risk
GTO vs. THHYX — Risk / Return Rank
GTO
THHYX
GTO vs. THHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Total Return Bond ETF (GTO) and Toews Tactical Income Fund (THHYX). 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 | THHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.80 | -0.68 |
Sortino ratioReturn per unit of downside risk | 1.53 | 2.78 | -1.25 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.39 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 4.39 | -2.77 |
Martin ratioReturn relative to average drawdown | 4.87 | 10.88 | -6.01 |
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 | THHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.80 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.41 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.83 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.13 | -0.62 |
Correlation
The correlation between GTO and THHYX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GTO vs. THHYX - Dividend Comparison
GTO's dividend yield for the trailing twelve months is around 4.78%, less than THHYX's 5.52% 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% |
THHYX Toews Tactical Income Fund | 5.52% | 4.91% | 5.44% | 4.33% | 1.61% | 2.79% | 2.21% | 3.84% | 2.43% | 6.56% | 3.30% | 1.59% |
Drawdowns
GTO vs. THHYX - Drawdown Comparison
The maximum GTO drawdown since its inception was -20.61%, which is greater than THHYX's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for GTO and THHYX.
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Drawdown Indicators
| GTO | THHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -8.83% | -11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -1.12% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -8.83% | -11.78% |
Max Drawdown (10Y)Largest decline over 10 years | -20.61% | -8.83% | -11.78% |
Current DrawdownCurrent decline from peak | -2.28% | -0.90% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -1.64% | -3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.45% | +0.53% |
Volatility
GTO vs. THHYX - Volatility Comparison
Invesco Total Return Bond ETF (GTO) has a higher volatility of 1.59% compared to Toews Tactical Income Fund (THHYX) at 0.59%. This indicates that GTO's price experiences larger fluctuations and is considered to be riskier than THHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTO | THHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 0.59% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 1.57% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 2.74% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 3.90% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.57% | 3.68% | +1.89% |