GTOQ vs. SDMF

Last updated Aug 2, 2026

GTOQ (Invesco High Yield Systematic Bond ETF) and SDMF (Simplify DBi CTA Managed Futures Index ETF) are both exchange-traded funds - GTOQ is a High Yield Bonds fund actively managed by Invesco, while SDMF is a Systematic Trend fund tracking the DBi CTA Managed Futures Index. GTOQ is actively managed, while SDMF is passively managed. Their -0.08 correlation means they have often moved in opposite directions in the past. GTOQ charges 0.39%/yr vs 0.35%/yr for SDMF.

Performance

GTOQ vs. SDMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco High Yield Systematic Bond ETF (GTOQ) and Simplify DBi CTA Managed Futures Index ETF (SDMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GTOQ

• 1D: -0.02%
• 1M: -0.26%
• 6M: 1.10%
• YTD: 1.80%
• 1Y: 5.40%
• 3Y*: 8.14%
• 5Y*: 3.76%
• 10Y*: —
• ALL TIME*: 4.19%

SDMF

• 1D: 1.66%
• 1M: 3.21%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GTOQ Invesco High Yield Systematic Bond ETF	$55.75K	$50.01K	$1.37M
SDMF Simplify DBi CTA Managed Futures Index ETF	$589.61K	$841.42K	$693.99K

GTOQ vs. SDMF - Yearly Performance Comparison

	2026 (YTD)
GTOQ Invesco High Yield Systematic Bond ETF	0.86%
SDMF Simplify DBi CTA Managed Futures Index ETF	3.49%

Correlation

The correlation between GTOQ and SDMF is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	-0.08

Return for Risk

GTOQ vs. SDMF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GTOQ

GTOQ Risk / Return Rank: 63
GTOQ Sharpe Ratio Rank: 64
GTOQ Sortino Ratio Rank: 67
GTOQ Omega Ratio Rank: 66
GTOQ Calmar Ratio Rank: 51
GTOQ Martin Ratio Rank: 64

SDMF

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GTOQ vs. SDMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Systematic Bond ETF (GTOQ) and Simplify DBi CTA Managed Futures Index ETF (SDMF). 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	SDMF	Difference
Sharpe ratio: Return per unit of total volatility	1.51	—	—
Sortino ratio: Return per unit of downside risk	2.23	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.84	—	—
Martin ratio: Return relative to average drawdown	7.87	—	—

Drawdowns

GTOQ vs. SDMF - Drawdown Comparison

The maximum GTOQ drawdown since its inception was -15.96%, which is greater than SDMF's maximum drawdown of -6.23%. Use the drawdown chart below to compare losses from any high point for GTOQ and SDMF.

Drawdown Indicators

	GTOQ	SDMF	Difference
Max Drawdown Largest peak-to-trough decline	-15.96%	-6.23%	-9.73%
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	-0.35%	-0.31%	-0.04%
Average Drawdown Average peak-to-trough decline	-3.22%	-2.01%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	—	—

Volatility

Volatility by Period

	GTOQ	SDMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.62%	12.51%	-8.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.72%	12.51%	-6.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.46%	12.51%	-7.05%

GTOQ vs. SDMF - Expense Ratio Comparison

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

Dividends

GTOQ vs. SDMF - Dividend Comparison

GTOQ's dividend yield for the trailing twelve months is around 6.88%, more than SDMF's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021
GTOQ Invesco High Yield Systematic Bond ETF	6.88%	7.04%	7.20%	6.76%	6.17%	4.86%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GTOQ and SDMF in my portfolio?

GTOQ and SDMF have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GTOQ or SDMF?

On fees, SDMF 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 SDMF?

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

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

GTOQ has the higher dividend yield at 6.88%, compared with 0.38% for SDMF.

What is the main difference between GTOQ and SDMF?

GTOQ is categorized as High Yield Bonds, while SDMF is Systematic Trend. They also come from different issuers: Invesco and Simplify. Their fees differ too: 0.39% for GTOQ and 0.35% for SDMF.