KDRN vs. GTO

Last updated Jun 3, 2026

KDRN (Kingsbarn Tactical Bond ETF) and GTO (Invesco Total Return Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 3 years, KDRN returned 3.52%/yr vs 4.86%/yr for GTO. Their correlation of 0.80 suggests significant overlap in exposure. KDRN charges 1.09%/yr vs 0.35%/yr for GTO.

Performance

KDRN vs. GTO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kingsbarn Tactical Bond ETF (KDRN) and Invesco Total Return Bond ETF (GTO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KDRN achieves a 1.24% return, which is significantly higher than GTO's 0.68% return.

KDRN

• 1D: 0.04%
• 1M: 0.24%
• YTD: 1.24%
• 6M: 0.92%
• 1Y: 3.43%
• 3Y*: 3.52%
• 5Y*: —
• 10Y*: —

GTO

• 1D: -0.15%
• 1M: 0.49%
• YTD: 0.68%
• 6M: 0.69%
• 1Y: 6.41%
• 3Y*: 4.86%
• 5Y*: 0.07%
• 10Y*: 2.93%

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

KDRN vs. GTO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
KDRN Kingsbarn Tactical Bond ETF	1.24%	4.65%	1.30%	10.06%	-12.05%	0.12%
GTO Invesco Total Return Bond ETF	0.68%	7.17%	2.63%	5.95%	-14.77%	0.28%

Correlation

The correlation between KDRN and GTO is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 22, 2021	0.80

The correlation between KDRN and GTO has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

KDRN vs. GTO - Sectors Allocation Comparison

Sectors	KDRN	GTO
Financial Services	100.0%	13.5%
Basic Materials	-	2.3%
Communication Services	-	10.8%
Consumer Cyclical	-	12.5%
Consumer Defensive	-	7.0%
Energy	-	2.3%
Healthcare	-	13.6%
Industrials	-	8.8%
Real Estate	-	2.4%
Technology	-	24.2%
Utilities	-	2.8%

Return for Risk

KDRN vs. GTO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KDRN

KDRN Risk / Return Rank: 28
KDRN Sharpe Ratio Rank: 27
KDRN Sortino Ratio Rank: 26
KDRN Omega Ratio Rank: 27
KDRN Calmar Ratio Rank: 35
KDRN Martin Ratio Rank: 25

GTO

GTO Risk / Return Rank: 53
GTO Sharpe Ratio Rank: 55
GTO Sortino Ratio Rank: 59
GTO Omega Ratio Rank: 56
GTO Calmar Ratio Rank: 47
GTO Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KDRN vs. GTO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kingsbarn Tactical Bond ETF (KDRN) 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.

	KDRN	GTO	Difference
Sharpe ratio Return per unit of total volatility	0.97	1.88	-0.90
Sortino ratio Return per unit of downside risk	1.42	2.80	-1.38
Omega ratio Gain probability vs. loss probability	1.19	1.35	-0.16
Calmar ratio Return relative to maximum drawdown	1.76	2.36	-0.60
Martin ratio Return relative to average drawdown	3.48	7.50	-4.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KDRN vs. GTO - Sharpe Ratio Comparison

The current KDRN Sharpe Ratio is 0.97, which is lower than the GTO Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of KDRN and GTO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KDRN	GTO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	1.88	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.52	-0.38

Drawdowns

KDRN vs. GTO - Drawdown Comparison

The maximum KDRN drawdown since its inception was -15.29%, smaller than the maximum GTO drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for KDRN and GTO.

Drawdown Indicators

	KDRN	GTO	Difference
Max Drawdown Largest peak-to-trough decline	-15.29%	-20.61%	+5.32%
Max Drawdown (1Y) Largest decline over 1 year	-1.77%	-2.73%	+0.96%
Max Drawdown (3Y) Largest decline over 3 years	-4.94%	-5.98%	+1.04%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.61%	—
Current Drawdown Current decline from peak	-0.79%	-1.62%	+0.83%
Average Drawdown Average peak-to-trough decline	-4.77%	-4.80%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	0.86%	+0.03%

Volatility

KDRN vs. GTO - Volatility Comparison

The current volatility for Kingsbarn Tactical Bond ETF (KDRN) is 0.75%, while Invesco Total Return Bond ETF (GTO) has a volatility of 1.19%. This indicates that KDRN experiences smaller price fluctuations and is considered to be less risky than GTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KDRN	GTO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	1.19%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	2.11%	2.50%	-0.39%
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	3.43%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.61%	5.68%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.61%	5.58%	+1.03%

KDRN vs. GTO - Expense Ratio Comparison

KDRN has a 1.09% expense ratio, which is higher than GTO's 0.35% expense ratio.

Dividends

KDRN vs. GTO - Dividend Comparison

KDRN's dividend yield for the trailing twelve months is around 3.11%, less than GTO's 4.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GTO Invesco Total Return Bond ETF	4.76%	4.70%	4.42%	4.05%	3.47%	1.93%	4.04%	2.97%	5.25%	2.81%	2.57%
KDRN Kingsbarn Tactical Bond ETF	3.11%	2.54%	2.83%	2.84%	2.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KDRN and GTO in my portfolio?

KDRN and GTO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KDRN or GTO?

GTO has higher volatility (1.19%) compared to KDRN (0.75%). In terms of maximum drawdown, KDRN dropped -15.29% vs GTO's -20.61%.

Which ETF is better, KDRN or GTO?

On 3-year performance, GTO leads with 4.86% vs 3.52% for KDRN. On fees, GTO is cheaper at 0.35% per year. On volatility, KDRN has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KDRN or GTO?

Over the 3-year period, GTO has performed better with a 4.86% return vs 3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KDRN or GTO?

GTO is cheaper with a 0.35% expense ratio, compared with 1.09% for KDRN.

Which ETF pays a higher dividend yield, KDRN or GTO?

GTO has the higher dividend yield at 4.76%, compared with 3.11% for KDRN.

What is the main difference between KDRN and GTO?

They also come from different issuers: Kingsbarn and Invesco. Their fees differ too: 1.09% for KDRN and 0.35% for GTO.

Which has better risk-adjusted returns?

GTO currently has the higher Sharpe Ratio (1.88 vs 0.97), 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.