IGLB vs. GTO
Compare and contrast key facts about iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and Invesco Total Return Bond ETF (GTO).
IGLB and GTO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGLB is a passively managed fund by iShares that tracks the performance of the ICE BofAML10+ Year US Corporate Index. It was launched on Dec 8, 2009. GTO is an actively managed fund by Invesco. It was launched on Feb 10, 2016.
Performance
IGLB vs. GTO - Performance Comparison
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IGLB vs. GTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | -0.77% | 7.53% | -1.50% | 11.03% | -25.38% | -1.68% | 13.30% | 23.19% | -6.90% | 12.15% |
GTO Invesco Total Return Bond ETF | -0.10% | 7.17% | 2.63% | 5.95% | -14.77% | -0.38% | 10.86% | 11.65% | -0.26% | 7.41% |
Returns By Period
In the year-to-date period, IGLB achieves a -0.77% return, which is significantly lower than GTO's -0.10% return. Over the past 10 years, IGLB has underperformed GTO with an annualized return of 2.45%, while GTO has yielded a comparatively higher 3.02% annualized return.
IGLB
- 1D
- 0.73%
- 1M
- -3.01%
- YTD
- -0.77%
- 6M
- -1.22%
- 1Y
- 4.05%
- 3Y*
- 3.25%
- 5Y*
- -1.62%
- 10Y*
- 2.45%
GTO
- 1D
- 0.30%
- 1M
- -1.96%
- YTD
- -0.10%
- 6M
- 0.92%
- 1Y
- 4.65%
- 3Y*
- 4.30%
- 5Y*
- 0.16%
- 10Y*
- 3.02%
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IGLB vs. GTO - Expense Ratio Comparison
IGLB has a 0.06% expense ratio, which is lower than GTO's 0.35% expense ratio.
Return for Risk
IGLB vs. GTO — Risk / Return Rank
IGLB
GTO
IGLB vs. GTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and Invesco Total Return Bond ETF (GTO). 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.
| IGLB | GTO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 1.16 | -0.75 |
Sortino ratioReturn per unit of downside risk | 0.61 | 1.58 | -0.97 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.21 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.68 | -0.85 |
Martin ratioReturn relative to average drawdown | 1.97 | 5.09 | -3.12 |
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
| IGLB | GTO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 1.16 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.03 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.54 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.51 | -0.14 |
Correlation
The correlation between IGLB and GTO is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IGLB vs. GTO - Dividend Comparison
IGLB's dividend yield for the trailing twelve months is around 5.25%, more than GTO's 4.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 5.25% | 5.14% | 5.10% | 4.59% | 4.56% | 3.16% | 3.22% | 3.73% | 4.56% | 3.94% | 4.21% | 4.58% |
GTO Invesco Total Return Bond ETF | 4.78% | 4.70% | 4.42% | 4.05% | 3.47% | 1.93% | 4.04% | 2.97% | 5.25% | 2.81% | 2.57% | 0.00% |
Drawdowns
IGLB vs. GTO - Drawdown Comparison
The maximum IGLB drawdown since its inception was -34.12%, which is greater than GTO's maximum drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for IGLB and GTO.
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Drawdown Indicators
| IGLB | GTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -20.61% | -13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.41% | -2.94% | -2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | -20.61% | -13.51% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | -20.61% | -13.51% |
Current DrawdownCurrent decline from peak | -15.08% | -2.39% | -12.69% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -4.85% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 0.97% | +1.30% |
Volatility
IGLB vs. GTO - Volatility Comparison
iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) has a higher volatility of 3.94% compared to Invesco Total Return Bond ETF (GTO) at 1.58%. This indicates that IGLB's price experiences larger fluctuations and is considered to be riskier than GTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLB | GTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 1.58% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 5.53% | 2.32% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.95% | 4.04% | +5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.42% | 5.69% | +6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 5.57% | +6.96% |