GTOQ vs. IBHD

Last updated Jun 23, 2026

GTOQ (Invesco High Yield Systematic Bond ETF) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both High Yield Bonds funds. GTOQ is actively managed, while IBHD is passively managed. GTOQ charges 0.39%/yr vs 0.35%/yr for IBHD.

Performance

GTOQ vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco High Yield Systematic Bond ETF (GTOQ) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GTOQ

• 1D: -0.19%
• 1M: 0.51%
• YTD: 1.79%
• 6M: 2.02%
• 1Y: 6.53%
• 3Y*: 9.00%
• 5Y*: 3.89%
• 10Y*: —

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GTOQ vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
GTOQ Invesco High Yield Systematic Bond ETF	1.27%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Return for Risk

GTOQ vs. IBHD — Risk / Return Rank

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

GTOQ

GTOQ Risk / Return Rank: 54
GTOQ Sharpe Ratio Rank: 54
GTOQ Sortino Ratio Rank: 57
GTOQ Omega Ratio Rank: 55
GTOQ Calmar Ratio Rank: 46
GTOQ Martin Ratio Rank: 56

IBHD

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

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.

GTOQ vs. IBHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Systematic Bond ETF (GTOQ) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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.

	GTOQ	IBHD	Difference
Sharpe ratio: Return per unit of total volatility	1.79	—	—
Sortino ratio: Return per unit of downside risk	2.65	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.22	—	—
Martin ratio: Return relative to average drawdown	9.50	—	—

Drawdowns

GTOQ vs. IBHD - Drawdown Comparison

The maximum GTOQ drawdown since its inception was -15.96%, which is greater than IBHD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for GTOQ and IBHD.

Drawdown Indicators

	GTOQ	IBHD	Difference
Max Drawdown Largest peak-to-trough decline	-15.96%	0.00%	-15.96%
Max Drawdown (1Y) Largest decline over 1 year	-2.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.96%	—	—
Current Drawdown Current decline from peak	-0.23%	0.00%	-0.23%
Average Drawdown Average peak-to-trough decline	-3.28%	0.00%	-3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	—	—

Volatility

Volatility by Period

	GTOQ	IBHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	0.00%	+3.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.72%	0.00%	+5.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.51%	0.00%	+5.51%

GTOQ vs. IBHD - Expense Ratio Comparison

GTOQ has a 0.39% expense ratio, which is higher than IBHD's 0.35% expense ratio.

Dividends

GTOQ vs. IBHD - Dividend Comparison

GTOQ's dividend yield for the trailing twelve months is around 7.40%, while IBHD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
GTOQ Invesco High Yield Systematic Bond ETF	7.40%	7.04%	7.20%	6.76%	6.17%	4.86%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, GTOQ or IBHD?

On fees, IBHD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GTOQ or IBHD?

IBHD is cheaper with a 0.35% expense ratio, compared with 0.39% for GTOQ.

Which ETF pays a higher dividend yield, GTOQ or IBHD?

GTOQ has the higher dividend yield at 7.40%, compared with 0.00% for IBHD.

What is the main difference between GTOQ and IBHD?

They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for GTOQ and 0.35% for IBHD.