GTOC vs. OVB
GTOC (Invesco Core Fixed Income ETF) and OVB (Overlay Shares Core Bond ETF) are both Intermediate Core Bond funds. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. GTOC charges 0.26%/yr vs 0.79%/yr for OVB.
Performance
GTOC vs. OVB - Performance Comparison
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Returns By Period
In the year-to-date period, GTOC achieves a 0.39% return, which is significantly lower than OVB's 2.58% return.
GTOC
- 1D
- -0.21%
- 1M
- 0.32%
- YTD
- 0.39%
- 6M
- 0.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OVB
- 1D
- -0.33%
- 1M
- 0.69%
- YTD
- 2.58%
- 6M
- 2.47%
- 1Y
- 9.55%
- 3Y*
- 5.95%
- 5Y*
- 0.74%
- 10Y*
- —
GTOC vs. OVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GTOC Invesco Core Fixed Income ETF | 0.39% | 3.52% |
OVB Overlay Shares Core Bond ETF | 2.58% | 4.47% |
Correlation
The correlation between GTOC and OVB is 0.80, 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 | 0.80 |
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Return for Risk
GTOC vs. OVB — Risk / Return Rank
GTOC
OVB
GTOC vs. OVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Core Fixed Income ETF (GTOC) and Overlay Shares Core Bond ETF (OVB). 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.
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Sharpe Ratios by Period
| GTOC | OVB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.65 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.26 | +1.01 |
Drawdowns
GTOC vs. OVB - Drawdown Comparison
The maximum GTOC drawdown since its inception was -2.70%, smaller than the maximum OVB drawdown of -21.69%. Use the drawdown chart below to compare losses from any high point for GTOC and OVB.
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Drawdown Indicators
| GTOC | OVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.70% | -21.69% | +18.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.49% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.69% | — |
Current DrawdownCurrent decline from peak | -1.52% | -0.37% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -0.66% | -7.04% | +6.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.76% | — |
Volatility
GTOC vs. OVB - Volatility Comparison
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Volatility by Period
| GTOC | OVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 5.80% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.62% | 7.31% | -3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.62% | 7.58% | -3.96% |
GTOC vs. OVB - Expense Ratio Comparison
GTOC has a 0.26% expense ratio, which is lower than OVB's 0.79% expense ratio.
Dividends
GTOC vs. OVB - Dividend Comparison
GTOC's dividend yield for the trailing twelve months is around 3.64%, less than OVB's 6.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GTOC Invesco Core Fixed Income ETF | 3.64% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OVB Overlay Shares Core Bond ETF | 6.96% | 6.00% | 5.81% | 5.20% | 4.67% | 4.59% | 3.88% | 0.58% |
Frequently Asked Questions
GTOC and OVB have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GTOC is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GTOC is cheaper with a 0.26% expense ratio, compared with 0.79% for OVB.
OVB has the higher dividend yield at 6.96%, compared with 3.64% for GTOC.
They also come from different issuers: Invesco and Liquid Strategies. Their fees differ too: 0.26% for GTOC and 0.79% for OVB.
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