IGLB vs. GTO
IGLB (iShares 10+ Year Investment Grade Corporate Bond ETF) and GTO (Invesco Total Return Bond ETF) are both exchange-traded funds - IGLB is a Corporate Bonds fund tracking the ICE BofAML10+ Year US Corporate Index, while GTO is a Intermediate Core-Plus Bond fund actively managed by Invesco. IGLB is passively managed, while GTO is actively managed. Over the past 10 years, IGLB returned 2.20%/yr vs 2.86%/yr for GTO. A 0.78 correlation means they provide meaningful diversification when combined. IGLB charges 0.06%/yr vs 0.35%/yr for GTO.
Performance
IGLB vs. GTO - Performance Comparison
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Returns By Period
In the year-to-date period, IGLB achieves a 1.19% return, which is significantly higher than GTO's 0.74% return. Over the past 10 years, IGLB has underperformed GTO with an annualized return of 2.20%, while GTO has yielded a comparatively higher 2.86% annualized return.
IGLB
- 1D
- -0.42%
- 1M
- 1.36%
- YTD
- 1.19%
- 6M
- 1.21%
- 1Y
- 6.56%
- 3Y*
- 4.26%
- 5Y*
- -2.01%
- 10Y*
- 2.20%
GTO
- 1D
- -0.21%
- 1M
- 0.57%
- YTD
- 0.74%
- 6M
- 0.80%
- 1Y
- 5.64%
- 3Y*
- 4.78%
- 5Y*
- 0.05%
- 10Y*
- 2.86%
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 | 1.19% | 7.53% | -1.50% | 11.03% | -25.38% | -1.68% | 13.30% | 23.19% | -6.90% | 12.15% |
GTO Invesco Total Return Bond ETF | 0.74% | 7.17% | 2.63% | 5.95% | -14.77% | -0.38% | 10.86% | 11.65% | -0.26% | 7.41% |
Correlation
The correlation between IGLB and GTO is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2016 | 0.78 |
The correlation between IGLB and GTO shifts across timeframes, from 0.78 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
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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.
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.
| IGLB | GTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.30 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.07 | -0.80 |
| Martin ratioReturn relative to average drawdown | 3.13 | 6.33 | -3.20 |
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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 | -5.19% | -2.73% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -12.87% | -5.98% | -6.89% |
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 | -13.41% | -1.57% | -11.84% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -4.79% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 0.89% | +1.21% |
Volatility
IGLB vs. GTO - Volatility Comparison
iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) has a higher volatility of 1.89% compared to Invesco Total Return Bond ETF (GTO) at 0.98%. 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 | 1.89% | 0.98% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 5.80% | 2.59% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.76% | 3.40% | +4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.38% | 5.68% | +6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.55% | 5.59% | +6.96% |
IGLB vs. GTO - Expense Ratio Comparison
IGLB has a 0.06% expense ratio, which is lower than GTO's 0.35% expense ratio.
Dividends
IGLB vs. GTO - Dividend Comparison
IGLB's dividend yield for the trailing twelve months is around 5.24%, more than GTO's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTO Invesco Total Return Bond ETF | 5.18% | 4.70% | 4.42% | 4.05% | 3.47% | 1.93% | 4.04% | 2.97% | 5.25% | 2.81% | 2.57% | 0.00% |
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 5.24% | 5.14% | 5.10% | 4.59% | 4.56% | 3.16% | 3.22% | 3.73% | 4.56% | 3.94% | 4.21% | 4.58% |
Frequently Asked Questions
With a correlation of 0.92, IGLB and GTO 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.
IGLB has higher volatility (1.89%) compared to GTO (0.98%). In terms of maximum drawdown, IGLB dropped -34.12% vs GTO's -20.61%.
On 10-year performance, GTO leads with 2.86% vs 2.20% for IGLB. On fees, IGLB is cheaper at 0.06% per year. On volatility, GTO has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GTO has performed better with a 2.86% return vs 2.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGLB is cheaper with a 0.06% expense ratio, compared with 0.35% for GTO.
IGLB has the higher dividend yield at 5.24%, compared with 5.18% for GTO.
IGLB is categorized as Corporate Bonds, while GTO is Intermediate Core-Plus Bond. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.06% for IGLB and 0.35% for GTO.
GTO currently has the higher Sharpe Ratio (1.67 vs 0.85), 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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