YYY vs. GTO

Last updated Jun 4, 2026

YYY (Amplify CEF High Income ETF) and GTO (Invesco Total Return Bond ETF) are both exchange-traded funds - YYY is a Diversified Portfolio fund tracking the Nasdaq CEF High Income™ Index, while GTO is a Intermediate Core-Plus Bond fund actively managed by Invesco. YYY is passively managed, while GTO is actively managed. Over the past 10 years, YYY returned 5.57%/yr vs 2.93%/yr for GTO. At a 0.20 correlation, their price movements are largely independent. YYY charges 3.23%/yr vs 0.35%/yr for GTO.

Performance

YYY vs. GTO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CEF High Income ETF (YYY) 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, YYY achieves a 3.82% return, which is significantly higher than GTO's 0.68% return. Over the past 10 years, YYY has outperformed GTO with an annualized return of 5.57%, while GTO has yielded a comparatively lower 2.93% annualized return.

YYY

• 1D: -1.31%
• 1M: -0.45%
• YTD: 3.82%
• 6M: 3.82%
• 1Y: 11.25%
• 3Y*: 12.56%
• 5Y*: 2.92%
• 10Y*: 5.57%

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)

YYY vs. GTO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
YYY Amplify CEF High Income ETF	3.82%	13.08%	11.86%	12.98%	-21.78%	14.13%	-0.86%	21.87%	-10.21%	13.86%
GTO Invesco Total Return Bond ETF	0.68%	7.17%	2.63%	5.95%	-14.77%	-0.38%	10.86%	11.65%	-0.26%	7.41%

Correlation

The correlation between YYY and GTO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Feb 11, 2016	0.20

Over the past year, YYY and GTO have become more correlated (0.42) than their long-term average of 0.20, meaning their price movements have been converging.

YYY vs. GTO - Sectors Allocation Comparison

Sectors	YYY	GTO
Financial Services	24.6%	13.5%
Healthcare	17.1%	13.6%
Energy	13.1%	2.3%
Real Estate	12.5%	2.4%
Technology	10.2%	24.2%
Utilities	7.8%	2.8%
Industrials	5.1%	8.8%
Communication Services	3.3%	10.8%
Consumer Cyclical	3.2%	12.5%
Consumer Defensive	1.8%	7.0%
Basic Materials	1.3%	2.3%

Return for Risk

YYY vs. GTO — Risk / Return Rank

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

YYY

YYY Risk / Return Rank: 35
YYY Sharpe Ratio Rank: 36
YYY Sortino Ratio Rank: 35
YYY Omega Ratio Rank: 38
YYY Calmar Ratio Rank: 28
YYY Martin Ratio Rank: 38

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.

YYY vs. GTO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CEF High Income ETF (YYY) 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.

	YYY	GTO	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.88	-0.55
Sortino ratio: Return per unit of downside risk	1.91	2.80	-0.90
Omega ratio: Gain probability vs. loss probability	1.25	1.35	-0.09
Calmar ratio: Return relative to maximum drawdown	1.40	2.36	-0.96
Martin ratio: Return relative to average drawdown	6.19	7.50	-1.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YYY vs. GTO - Sharpe Ratio Comparison

The current YYY Sharpe Ratio is 1.32, which is comparable to the GTO Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of YYY 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

	YYY	GTO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	1.88	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.01	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.53	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.52	-0.09

Drawdowns

YYY vs. GTO - Drawdown Comparison

The maximum YYY drawdown since its inception was -42.52%, which is greater than GTO's maximum drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for YYY and GTO.

Drawdown Indicators

	YYY	GTO	Difference
Max Drawdown Largest peak-to-trough decline	-42.52%	-20.61%	-21.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-2.73%	-5.34%
Max Drawdown (3Y) Largest decline over 3 years	-13.47%	-5.98%	-7.49%
Max Drawdown (5Y) Largest decline over 5 years	-27.92%	-20.61%	-7.31%
Max Drawdown (10Y) Largest decline over 10 years	-42.52%	-20.61%	-21.91%
Current Drawdown Current decline from peak	-1.90%	-1.62%	-0.28%
Average Drawdown Average peak-to-trough decline	-6.84%	-4.80%	-2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	0.86%	+0.96%

Volatility

YYY vs. GTO - Volatility Comparison

Amplify CEF High Income ETF (YYY) has a higher volatility of 2.46% compared to Invesco Total Return Bond ETF (GTO) at 1.19%. This indicates that YYY'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.

Volatility by Period

	YYY	GTO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	1.19%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	7.08%	2.50%	+4.58%
Volatility (1Y) Calculated over the trailing 1-year period	8.56%	3.43%	+5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.36%	5.68%	+5.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.90%	5.58%	+8.32%

YYY vs. GTO - Expense Ratio Comparison

YYY has a 3.23% expense ratio, which is higher than GTO's 0.35% expense ratio.

Dividends

YYY vs. GTO - Dividend Comparison

YYY's dividend yield for the trailing twelve months is around 12.70%, more than GTO's 4.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
YYY Amplify CEF High Income ETF	12.70%	12.51%	12.50%	12.39%	12.36%	9.08%	9.79%	9.10%	9.73%	8.16%	10.34%	10.77%

Frequently Asked Questions

Can I hold both YYY and GTO in my portfolio?

YYY and GTO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YYY or GTO?

YYY has higher volatility (2.46%) compared to GTO (1.19%). In terms of maximum drawdown, YYY dropped -42.52% vs GTO's -20.61%.

Which ETF is better, YYY or GTO?

On 10-year performance, YYY leads with 5.57% vs 2.93% for GTO. On fees, GTO is cheaper at 0.35% per year. On volatility, GTO has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YYY or GTO?

Over the 10-year period, YYY has performed better with a 5.57% return vs 2.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YYY or GTO?

GTO is cheaper with a 0.35% expense ratio, compared with 3.23% for YYY.

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

YYY has the higher dividend yield at 12.70%, compared with 4.76% for GTO.

What is the main difference between YYY and GTO?

YYY is categorized as Diversified Portfolio, while GTO is Intermediate Core-Plus Bond. They also come from different issuers: Amplify and Invesco. Their fees differ too: 3.23% for YYY and 0.35% for GTO.

Which has better risk-adjusted returns?

GTO currently has the higher Sharpe Ratio (1.88 vs 1.32), 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.