GTO vs BALT

Comparison between INVESCO TOTAL RETURN BOND ETF (GTO, ETF) and Innovator Defined Wealth Shield ETF (BALT, ETF).

5-Year PerformanceBALT has outperformed GTO, delivering a return of +5.9% compared to +0.2%

GTO vs BALT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GTO(ETF)	BALT(ETF)
Net Assets	$2.10B	$2.20B
Expense Ratio	0.35%	0.69%
Max Drawdown	25.87%	4.89%
Sharpe Ratio	0.73	1.74
5Y Beta	0.05	0.21
5Y Dividends CAGR	0.77%	N/A

Net Assets

GTO

$2.10B

Winner

BALT

$2.20B

Expense Ratio

Winner

GTO

0.35%

BALT

0.69%

Max Drawdown

GTO

25.87%

Winner

BALT

4.89%

Sharpe Ratio

GTO

0.73

Winner

BALT

1.74

5Y Beta

Winner

GTO

0.05

BALT

0.21

5Y Dividends CAGR

GTO

0.77%

BALT

N/A

GTO vs BALT - Historical Returns

Returns include dividend reinvestment.

Period	GTO	BALT
1 month	+0.32%	+0.89%
3 months	+0.06%	+0.70%
6 months	+1.31%	+3.17%
1 year	+6.74%	+7.68%
5 years(CAGR)	+0.20%	+5.92%
10 years(CAGR)	+3.04%	N/A
Max(CAGR)	+3.13%	+5.92%

GTO

+0.32%

Winner

BALT

+0.89%

GTO

+0.06%

Winner

BALT

+0.70%

GTO

+1.31%

Winner

BALT

+3.17%

GTO

+6.74%

Winner

BALT

+7.68%

5Y(CAGR)

GTO

+0.20%

Winner

BALT

+5.92%

10Y(CAGR)

GTO

+3.04%

BALT

N/A

Max(CAGR)

GTO

+3.13%

Winner

BALT

+5.92%

GTO vs BALT - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	GTO	BALT
2026	+0.85%	+1.37%
2025	+7.08%	+6.57%
2024	+3.00%	+10.32%
2023	+5.50%	+7.61%
2022	-14.06%	+2.48%
2021	-0.44%	+0.82%
2020	+10.58%	N/A
2019	+11.26%	N/A
2018	-0.02%	N/A
2017	+7.33%	N/A
2016	+3.62%	N/A

GTO vs BALT Drawdown Comparison

The maximum drawdown for GTO was -20.60%, occurring on Oct 24, 2022. This drawdown has not yet recovered.

The maximum drawdown for BALT was -4.89%, occurring on Apr 8, 2025. Recovery took 71 trading sessions.

The current GTO drawdown is -1.48%. The current BALT drawdown is -0.06%.

Rank	GTO	BALT
#1	-20.60% Sep 14, 2021 - Oct 24, 2022	-4.89% Feb 20, 2025 - Jun 3, 2025
#2	-11.26% Mar 6, 2020 - Jun 4, 2020	-2.16% Jan 4, 2022 - Jul 8, 2022
#3	-5.38% Feb 16, 2016 - Jul 25, 2016	-1.98% Aug 25, 2022 - Nov 10, 2022
#4	-3.61% Sep 6, 2016 - Apr 12, 2017	-1.85% Jul 16, 2024 - Aug 19, 2024
#5	-3.57% Aug 22, 2018 - Jan 24, 2019	-1.84% Sep 14, 2023 - Nov 14, 2023
#6	-2.96% Jan 4, 2021 - Jul 6, 2021	-1.15% Feb 25, 2026 - Apr 14, 2026
#7	-2.35% Sep 4, 2019 - Oct 4, 2019	-1.14% Aug 30, 2024 - Sep 13, 2024
#8	-2.06% Dec 15, 2017 - Jul 19, 2018	-1.03% Mar 28, 2024 - May 9, 2024
#9	-1.48% Oct 4, 2019 - Dec 3, 2019	-0.85% Jul 31, 2023 - Aug 30, 2023
#10	-1.34% Aug 6, 2020 - Nov 19, 2020	-0.85% Nov 11, 2025 - Nov 25, 2025
#11	-0.99% Jun 26, 2017 - Aug 3, 2017	-0.76% Dec 16, 2024 - Dec 24, 2024
#12	-0.78% Aug 4, 2021 - Sep 14, 2021	-0.76% Mar 6, 2023 - Mar 21, 2023
#13	-0.77% Jul 19, 2018 - Aug 10, 2018	-0.62% Dec 11, 2025 - Dec 22, 2025
#14	-0.73% Jul 3, 2019 - Aug 1, 2019	-0.58% Sep 27, 2021 - Oct 19, 2021
#15	-0.67% Mar 27, 2019 - Apr 26, 2019	-0.55% Oct 8, 2025 - Oct 20, 2025