TRBF vs. GTO
TRBF (Angel Oak Total Return ETF) and GTO (Invesco Total Return Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. TRBF charges 0.44%/yr vs 0.35%/yr for GTO.
Performance
TRBF vs. GTO - Performance Comparison
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Returns By Period
In the year-to-date period, TRBF achieves a 0.72% return, which is significantly higher than GTO's 0.50% return.
TRBF
- 1D
- -0.06%
- 1M
- -0.18%
- 6M
- 0.70%
- YTD
- 0.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GTO
- 1D
- -0.09%
- 1M
- -0.33%
- 6M
- 0.16%
- YTD
- 0.50%
- 1Y
- 4.86%
- 3Y*
- 4.99%
- 5Y*
- -0.14%
- 10Y*
- 2.76%
TRBF vs. GTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TRBF Angel Oak Total Return ETF | 0.72% | 0.94% |
GTO Invesco Total Return Bond ETF | 0.50% | 0.94% |
Correlation
The correlation between TRBF 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 (All Time) Calculated using the full available price history since Oct 7, 2025 | 0.82 |
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Return for Risk
TRBF vs. GTO — Risk / Return Rank
TRBF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GTO
TRBF vs. GTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Total Return ETF (TRBF) 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.
| TRBF | GTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.66 | — |
| Martin ratioReturn relative to average drawdown | — | 4.98 | — |
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Drawdowns
TRBF vs. GTO - Drawdown Comparison
The maximum TRBF drawdown since its inception was -2.59%, smaller than the maximum GTO drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for TRBF and GTO.
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Drawdown Indicators
| TRBF | GTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.59% | -20.61% | +18.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.73% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.98% | — |
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 | -1.29% | -1.80% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -4.77% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.91% | — |
Volatility
TRBF vs. GTO - Volatility Comparison
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Volatility by Period
| TRBF | GTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 3.39% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.75% | 5.67% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.75% | 5.53% | -1.78% |
TRBF vs. GTO - Expense Ratio Comparison
TRBF has a 0.44% expense ratio, which is higher than GTO's 0.35% expense ratio.
Dividends
TRBF vs. GTO - Dividend Comparison
TRBF's dividend yield for the trailing twelve months is around 3.59%, less than GTO's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GTO Invesco Total Return Bond ETF | 4.83% | 4.70% | 4.42% | 4.05% | 3.47% | 1.93% | 4.04% | 2.97% | 5.25% | 2.81% | 2.57% |
TRBF Angel Oak Total Return ETF | 3.59% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRBF 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.
On fees, GTO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GTO is cheaper with a 0.35% expense ratio, compared with 0.44% for TRBF.
GTO has the higher dividend yield at 4.83%, compared with 3.59% for TRBF.
They also come from different issuers: Angel Oak and Invesco. Their fees differ too: 0.44% for TRBF and 0.35% for GTO.
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