INVG vs. QCON

Last updated Jun 4, 2026

INVG (GMO Systematic Investment Grade Credit ETF) and QCON (American Century Quality Convertible Securities ETF) are both Corporate Bonds funds. Both are actively managed. INVG charges 0.25%/yr vs 0.32%/yr for QCON.

Performance

INVG vs. QCON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Systematic Investment Grade Credit ETF (INVG) and American Century Quality Convertible Securities ETF (QCON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

INVG

• 1D: -0.23%
• 1M: 0.73%
• YTD: 0.68%
• 6M: 0.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCON

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

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

INVG vs. QCON - Yearly Performance Comparison

	2026 (YTD)
INVG GMO Systematic Investment Grade Credit ETF	-0.05%
QCON American Century Quality Convertible Securities ETF	0.00%

Return for Risk

INVG vs. QCON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Systematic Investment Grade Credit ETF (INVG) and American Century Quality Convertible Securities ETF (QCON). 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.

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

Sharpe Ratios by Period

	INVG	QCON	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	—	—

Drawdowns

INVG vs. QCON - Drawdown Comparison

The maximum INVG drawdown since its inception was -3.15%, which is greater than QCON's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for INVG and QCON.

Drawdown Indicators

	INVG	QCON	Difference
Max Drawdown Largest peak-to-trough decline	-3.15%	0.00%	-3.15%
Current Drawdown Current decline from peak	-0.88%	0.00%	-0.88%
Average Drawdown Average peak-to-trough decline	-0.71%	0.00%	-0.71%

Volatility

Volatility by Period

	INVG	QCON	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.42%	0.00%	+4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.42%	0.00%	+4.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.42%	0.00%	+4.42%

INVG vs. QCON - Expense Ratio Comparison

INVG has a 0.25% expense ratio, which is lower than QCON's 0.32% expense ratio.

Dividends

INVG vs. QCON - Dividend Comparison

INVG's dividend yield for the trailing twelve months is around 4.68%, while QCON has not paid dividends to shareholders.

Position	TTM	2025
INVG GMO Systematic Investment Grade Credit ETF	4.68%	2.81%
QCON American Century Quality Convertible Securities ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, INVG or QCON?

On fees, INVG is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INVG or QCON?

INVG is cheaper with a 0.25% expense ratio, compared with 0.32% for QCON.

Which ETF pays a higher dividend yield, INVG or QCON?

INVG has the higher dividend yield at 4.68%, compared with 0.00% for QCON.

What is the main difference between INVG and QCON?

They also come from different issuers: GMO and American Century. Their fees differ too: 0.25% for INVG and 0.32% for QCON.