GTOC vs. VTG

Last updated Jun 4, 2026

GTOC (Invesco Core Fixed Income ETF) and VTG (Vanguard Total Treasury ETF) are both Intermediate Core Bond funds. GTOC is actively managed, while VTG is passively managed. With a 0.95 correlation, they move nearly in lockstep. GTOC charges 0.26%/yr vs 0.03%/yr for VTG.

Performance

GTOC vs. VTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Core Fixed Income ETF (GTOC) and Vanguard Total Treasury ETF (VTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTOC achieves a 0.39% return, which is significantly higher than VTG's 0.01% return.

GTOC

• 1D: -0.21%
• 1M: 0.32%
• YTD: 0.39%
• 6M: 0.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTG

• 1D: 0.11%
• 1M: 0.10%
• YTD: 0.01%
• 6M: 0.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GTOC vs. VTG - Yearly Performance Comparison

	2026 (YTD)	2025
GTOC Invesco Core Fixed Income ETF	0.39%	3.52%
VTG Vanguard Total Treasury ETF	0.01%	2.99%

Correlation

The correlation between GTOC and VTG is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.95

Return for Risk

GTOC vs. VTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Core Fixed Income ETF (GTOC) and Vanguard Total Treasury ETF (VTG). 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	VTG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	0.91	+0.35

Drawdowns

GTOC vs. VTG - Drawdown Comparison

The maximum GTOC drawdown since its inception was -2.70%, smaller than the maximum VTG drawdown of -2.89%. Use the drawdown chart below to compare losses from any high point for GTOC and VTG.

Drawdown Indicators

	GTOC	VTG	Difference
Max Drawdown Largest peak-to-trough decline	-2.70%	-2.89%	+0.19%
Current Drawdown Current decline from peak	-1.52%	-1.78%	+0.26%
Average Drawdown Average peak-to-trough decline	-0.66%	-0.74%	+0.08%

Volatility

Volatility by Period

	GTOC	VTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.62%	3.51%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.62%	3.51%	+0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.62%	3.51%	+0.11%

GTOC vs. VTG - Expense Ratio Comparison

GTOC has a 0.26% expense ratio, which is higher than VTG'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. VTG - Dividend Comparison

GTOC's dividend yield for the trailing twelve months is around 3.64%, more than VTG's 3.20% yield.

Position	TTM	2025
GTOC Invesco Core Fixed Income ETF	3.64%	1.88%
VTG Vanguard Total Treasury ETF	3.20%	1.65%

Frequently Asked Questions

Can I hold both GTOC and VTG in my portfolio?

With a correlation of 0.95, GTOC and VTG 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 VTG?

On fees, VTG 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 VTG?

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

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

GTOC has the higher dividend yield at 3.64%, compared with 3.20% for VTG.

What is the main difference between GTOC and VTG?

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