GTOC vs. BBAG

Last updated Jun 5, 2026

GTOC (Invesco Core Fixed Income ETF) and BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) are both Intermediate Core Bond funds. GTOC is actively managed, while BBAG is passively managed. Their correlation of 0.94 suggests significant overlap in exposure. GTOC charges 0.26%/yr vs 0.03%/yr for BBAG.

Performance

GTOC vs. BBAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Core Fixed Income ETF (GTOC) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTOC achieves a 0.50% return, which is significantly higher than BBAG's 0.32% return.

GTOC

• 1D: 0.11%
• 1M: 0.30%
• YTD: 0.50%
• 6M: 0.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBAG

• 1D: 0.15%
• 1M: 0.18%
• YTD: 0.32%
• 6M: 0.39%
• 1Y: 4.67%
• 3Y*: 3.92%
• 5Y*: 0.02%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GTOC vs. BBAG - Yearly Performance Comparison

	2026 (YTD)	2025
GTOC Invesco Core Fixed Income ETF	0.50%	3.52%
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	0.32%	3.51%

Correlation

The correlation between GTOC and BBAG is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.94

Return for Risk

GTOC vs. BBAG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBAG

BBAG Risk / Return Rank: 34
BBAG Sharpe Ratio Rank: 34
BBAG Sortino Ratio Rank: 35
BBAG Omega Ratio Rank: 32
BBAG Calmar Ratio Rank: 34
BBAG Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GTOC vs. BBAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Core Fixed Income ETF (GTOC) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GTOC	BBAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.21	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	0.32	+0.97

Drawdowns

GTOC vs. BBAG - Drawdown Comparison

The maximum GTOC drawdown since its inception was -2.70%, smaller than the maximum BBAG drawdown of -18.73%. Use the drawdown chart below to compare losses from any high point for GTOC and BBAG.

Drawdown Indicators

	GTOC	BBAG	Difference
Max Drawdown Largest peak-to-trough decline	-2.70%	-18.73%	+16.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.78%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.06%	—
Current Drawdown Current decline from peak	-1.42%	-2.70%	+1.28%
Average Drawdown Average peak-to-trough decline	-0.66%	-6.22%	+5.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.93%	—

Volatility

Volatility by Period

	GTOC	BBAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.61%	3.92%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.61%	5.92%	-2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.61%	5.80%	-2.19%

GTOC vs. BBAG - Expense Ratio Comparison

GTOC has a 0.26% expense ratio, which is higher than BBAG's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GTOC vs. BBAG - Dividend Comparison

GTOC's dividend yield for the trailing twelve months is around 3.64%, less than BBAG's 4.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF	4.36%	4.29%	4.25%	3.60%	2.23%	1.44%	2.26%	2.92%	0.16%
GTOC Invesco Core Fixed Income ETF	3.64%	1.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GTOC and BBAG in my portfolio?

With a correlation of 0.94, GTOC and BBAG 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.

Which ETF is better, GTOC or BBAG?

On fees, BBAG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GTOC or BBAG?

BBAG is cheaper with a 0.03% expense ratio, compared with 0.26% for GTOC.

Which ETF pays a higher dividend yield, GTOC or BBAG?

BBAG has the higher dividend yield at 4.36%, compared with 3.64% for GTOC.

What is the main difference between GTOC and BBAG?

They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.26% for GTOC and 0.03% for BBAG.