RYSE vs. GTO
RYSE (Cboe Vest 10 Year Interest Rate Hedge ETF) and GTO (Invesco Total Return Bond ETF) are both exchange-traded funds - RYSE is a Nontraditional Bonds fund actively managed by Vest, while GTO is a Intermediate Core-Plus Bond fund actively managed by Invesco. Both are actively managed. Over the past 3 years, RYSE returned 4.39%/yr vs 4.86%/yr for GTO. At a correlation of -0.83, they often move in opposite directions. RYSE charges 0.85%/yr vs 0.35%/yr for GTO.
Performance
RYSE vs. GTO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RYSE achieves a 2.52% return, which is significantly higher than GTO's 0.68% return.
RYSE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 2.52%
- 6M
- 5.91%
- 1Y
- 1.55%
- 3Y*
- 4.39%
- 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%
RYSE vs. GTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RYSE Cboe Vest 10 Year Interest Rate Hedge ETF | 2.52% | -3.09% | 12.46% | 9.32% |
GTO Invesco Total Return Bond ETF | 0.68% | 7.17% | 2.63% | 1.59% |
Correlation
The correlation between RYSE and GTO is -0.80, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2023 | -0.83 |
The correlation between RYSE and GTO has been stable across timeframes, ranging from -0.83 to -0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RYSE vs. GTO — Risk / Return Rank
RYSE
GTO
RYSE vs. GTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) 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.
| RYSE | GTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.35 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 2.36 | -2.16 |
| Martin ratioReturn relative to average drawdown | 0.40 | 7.50 | -7.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| RYSE | GTO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 1.88 | -1.73 |
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 | 0.42 | 0.52 | -0.10 |
Drawdowns
RYSE vs. GTO - Drawdown Comparison
The maximum RYSE drawdown since its inception was -19.70%, roughly equal to the maximum GTO drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for RYSE and GTO.
Loading charts...
Drawdown Indicators
| RYSE | GTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -20.61% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.06% | -2.73% | -5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -19.70% | -5.98% | -13.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.61% | — |
Current DrawdownCurrent decline from peak | -7.83% | -1.62% | -6.21% |
Average DrawdownAverage peak-to-trough decline | -9.18% | -4.80% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 0.86% | +3.00% |
Volatility
RYSE vs. GTO - Volatility Comparison
The current volatility for Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) is 0.00%, while Invesco Total Return Bond ETF (GTO) has a volatility of 1.19%. This indicates that RYSE 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.
Loading charts...
Volatility by Period
| RYSE | GTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.19% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.64% | 2.50% | +4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.64% | 3.43% | +7.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 5.68% | +9.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.92% | 5.58% | +9.34% |
RYSE vs. GTO - Expense Ratio Comparison
RYSE has a 0.85% expense ratio, which is higher than GTO's 0.35% expense ratio.
Dividends
RYSE vs. GTO - Dividend Comparison
RYSE's dividend yield for the trailing twelve months is around 1.37%, 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% |
RYSE Cboe Vest 10 Year Interest Rate Hedge ETF | 1.37% | 1.86% | 2.58% | 24.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RYSE and GTO have a correlation of -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTO has higher volatility (1.19%) compared to RYSE (0.00%). In terms of maximum drawdown, RYSE dropped -19.70% vs GTO's -20.61%.
On 3-year performance, GTO leads with 4.86% vs 4.39% for RYSE. On fees, GTO is cheaper at 0.35% per year. On volatility, RYSE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GTO has performed better with a 4.86% return vs 4.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GTO is cheaper with a 0.35% expense ratio, compared with 0.85% for RYSE.
GTO has the higher dividend yield at 4.76%, compared with 1.37% for RYSE.
RYSE is categorized as Nontraditional Bonds, while GTO is Intermediate Core-Plus Bond. They also come from different issuers: Vest and Invesco. Their fees differ too: 0.85% for RYSE and 0.35% for GTO.
GTO currently has the higher Sharpe Ratio (1.88 vs 0.15), 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.
Find the right allocation for RYSE and GTO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer