GTOS vs. VGSH
GTOS (Invesco Short Duration Total Return Bond ETF) and VGSH (Vanguard Short-Term Treasury ETF) are both exchange-traded funds - GTOS is a Short-Term Bond fund actively managed by Invesco, while VGSH is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. GTOS is actively managed, while VGSH is passively managed. Over the past 3 years, GTOS returned 5.60%/yr vs 4.11%/yr for VGSH. A 0.80 correlation means they provide meaningful diversification when combined. GTOS charges 0.30%/yr vs 0.03%/yr for VGSH.
Performance
GTOS vs. VGSH - Performance Comparison
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Returns By Period
In the year-to-date period, GTOS achieves a 0.92% return, which is significantly higher than VGSH's 0.36% return.
GTOS
- 1D
- -0.08%
- 1M
- 0.02%
- YTD
- 0.92%
- 6M
- 1.45%
- 1Y
- 4.87%
- 3Y*
- 5.60%
- 5Y*
- —
- 10Y*
- —
VGSH
- 1D
- -0.17%
- 1M
- -0.22%
- YTD
- 0.36%
- 6M
- 0.74%
- 1Y
- 3.24%
- 3Y*
- 4.11%
- 5Y*
- 1.79%
- 10Y*
- 1.72%
GTOS vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GTOS Invesco Short Duration Total Return Bond ETF | 0.92% | 6.23% | 5.35% | 5.17% | 0.01% |
VGSH Vanguard Short-Term Treasury ETF | 0.36% | 5.07% | 4.00% | 4.31% | 0.06% |
Correlation
The correlation between GTOS and VGSH is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.80 |
The correlation between GTOS and VGSH shifts across timeframes, from 0.69 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GTOS vs. VGSH — Risk / Return Rank
GTOS
VGSH
GTOS vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration Total Return Bond ETF (GTOS) and Vanguard Short-Term Treasury ETF (VGSH). 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.
| GTOS | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.82 | 1.53 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.35 | 3.68 | +0.67 |
| Martin ratioReturn relative to average drawdown | 20.07 | 14.60 | +5.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GTOS | VGSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.53 | 2.53 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.75 | 1.01 | +1.74 |
Drawdowns
GTOS vs. VGSH - Drawdown Comparison
The maximum GTOS drawdown since its inception was -1.83%, smaller than the maximum VGSH drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for GTOS and VGSH.
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Drawdown Indicators
| GTOS | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.83% | -5.70% | +3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -0.88% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -1.12% | -0.97% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.41% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -0.60% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.22% | +0.02% |
Volatility
GTOS vs. VGSH - Volatility Comparison
Invesco Short Duration Total Return Bond ETF (GTOS) and Vanguard Short-Term Treasury ETF (VGSH) have volatilities of 0.35% and 0.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GTOS | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 0.36% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 0.90% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 1.29% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.85% | 1.97% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.85% | 1.58% | +0.27% |
GTOS vs. VGSH - Expense Ratio Comparison
GTOS has a 0.30% expense ratio, which is higher than VGSH's 0.03% expense ratio.
Dividends
GTOS vs. VGSH - Dividend Comparison
GTOS's dividend yield for the trailing twelve months is around 4.59%, more than VGSH's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTOS Invesco Short Duration Total Return Bond ETF | 4.59% | 4.89% | 5.50% | 5.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 3.88% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Frequently Asked Questions
GTOS and VGSH have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGSH has higher volatility (0.36%) compared to GTOS (0.35%). In terms of maximum drawdown, GTOS dropped -1.83% vs VGSH's -5.70%.
On 3-year performance, GTOS leads with 5.60% vs 4.11% for VGSH. On fees, VGSH is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GTOS has performed better with a 5.60% return vs 4.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGSH is cheaper with a 0.03% expense ratio, compared with 0.30% for GTOS.
GTOS has the higher dividend yield at 4.59%, compared with 3.88% for VGSH.
GTOS is categorized as Short-Term Bond, while VGSH is Government Bonds. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.30% for GTOS and 0.03% for VGSH.
GTOS currently has the higher Sharpe Ratio (3.53 vs 2.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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