GTO vs SPY
Comparison between INVESCO TOTAL RETURN BOND ETF (GTO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed GTO, delivering a return of +13.3% compared to +0.2%
GTO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GTO
$2.10B
Winner
SPY
$652B
Expense Ratio
GTO
0.35%
Winner
SPY
0.09%
Max Drawdown
Winner
GTO
25.87%
SPY
56.47%
Sharpe Ratio
GTO
0.73
Winner
SPY
2.07
5Y Beta
Winner
GTO
0.05
SPY
1.00
P/E Ratio
GTO
N/A
SPY
28.24
Forward P/E
GTO
N/A
SPY
21.85
5Y Dividends CAGR
GTO
0.77%
Winner
SPY
5.43%
5Y EPS CAGR
GTO
N/A
SPY
25.79%
Debt to Equity
GTO
N/A
SPY
22.35%
P/S Ratio
GTO
N/A
SPY
3.55
P/B Ratio
GTO
N/A
SPY
5.29
GTO vs SPY - Holdings Comparison
GTO and SPY have 1 common holdings. Overlap is 0.00%
GTO's top 25 holdings weight is 19.32%. SPY's top 25 holdings weight is 51.32%.
| Rank | GTO | SPY |
|---|---|---|
| #1 | UNITED STATES TREASURY NOTES 3.875% (n/a) - 4.01% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | UNITED STATES TREASURY BONDS 4.625% (n/a) - 2.82% | APPLE INC (AAPL) - 6.48% |
| #3 | UNITED STATES TREASURY NOTES 4.125% (n/a) - 2.08% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 0.97% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | UNITED STATES TREASURY NOTES 4.25% (n/a) - 0.82% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | BEIGNET INV LLC 6.581% (n/a) - 0.75% | BROADCOM INC (AVGO) - 3.09% |
| #7 | INVESCO SHORT DURATION TOTAL RETURNBDETF (GTOS) - 0.72% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | n/a (n/a) - 0.64% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | BAIN CAPITAL CREDIT CLO 2019-1 4.65523% (n/a) - 0.64% | TESLA INC (TSLA) - 1.73% |
| #10 | n/a (n/a) - 0.58% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | FEDERAL HOME LOAN MORTGAGE CORP. 4.5% (n/a) - 0.58% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | EAGLE FUNDING LUXCO S.A.R.L. 5.5% (n/a) - 0.55% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | n/a (n/a) - 0.52% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | n/a (n/a) - 0.41% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | RAISING CANES 11/03/32 (n/a) - 0.38% | WALMART INC (WMT) - 0.91% |
| #16 | n/a (n/a) - 0.38% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | n/a (n/a) - 0.36% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | FNMA PASS-THRU I 3.93% (n/a) - 0.35% | VISA INC CLASS A (V) - 0.85% |
| #19 | n/a (n/a) - 0.28% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | EXPEDIA GROUP INC 5.5% (n/a) - 0.26% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | MORGAN STANLEY 4.708% (n/a) - 0.26% | INTEL CORP (INTC) - 0.65% |
| #22 | n/a (n/a) - 0.26% | NETFLIX INC (NFLX) - 0.64% |
| #23 | n/a (n/a) - 0.24% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | n/a (n/a) - 0.23% | CHEVRON CORP (CVX) - 0.58% |
| #25 | n/a (n/a) - 0.23% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 1355 | 505 |
GTO vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
GTO
+0.32%
Winner
SPY
+9.11%
3M
GTO
+0.06%
Winner
SPY
+6.59%
6M
GTO
+1.31%
Winner
SPY
+10.56%
1Y
GTO
+6.74%
Winner
SPY
+32.04%
5Y(CAGR)
GTO
+0.20%
Winner
SPY
+13.35%
10Y(CAGR)
GTO
+3.04%
Winner
SPY
+15.49%
Max(CAGR)
GTO
+3.13%
Winner
SPY
+8.50%
GTO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GTO | SPY |
|---|---|---|
| 2026 | +0.85% | +8.27% |
| 2025 | +7.08% | +18.00% |
| 2024 | +3.00% | +25.59% |
| 2023 | +5.50% | +26.72% |
| 2022 | -14.06% | -18.64% |
| 2021 | -0.44% | +30.52% |
| 2020 | +10.58% | +17.28% |
| 2019 | +11.26% | +31.09% |
| 2018 | -0.02% | -5.24% |
| 2017 | +7.33% | +20.78% |
| 2016 | +3.62% | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
GTO vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GTO drawdown is -1.48%.
| Rank | GTO | SPY |
|---|---|---|
| #1 | -20.60% Sep 14, 2021 - Oct 24, 2022 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -11.26% Mar 6, 2020 - Jun 4, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -5.38% Feb 16, 2016 - Jul 25, 2016 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -3.61% Sep 6, 2016 - Apr 12, 2017 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -3.57% Aug 22, 2018 - Jan 24, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -2.96% Jan 4, 2021 - Jul 6, 2021 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -2.35% Sep 4, 2019 - Oct 4, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -2.06% Dec 15, 2017 - Jul 19, 2018 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -1.48% Oct 4, 2019 - Dec 3, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -1.34% Aug 6, 2020 - Nov 19, 2020 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -0.99% Jun 26, 2017 - Aug 3, 2017 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -0.78% Aug 4, 2021 - Sep 14, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -0.77% Jul 19, 2018 - Aug 10, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -0.73% Jul 3, 2019 - Aug 1, 2019 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -0.67% Mar 27, 2019 - Apr 26, 2019 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GTO and SPY is 0.72 which considered as a strong positive correlation - the stocks tend to move together.
0.72
-101
Dividend Comparison (1999 - 2026)
GTO vs SPY dividend yield comparison.
| Year | GTO | SPY |
|---|---|---|
| 2026 | 1.52% | 0.24% |
| 2025 | 4.70% | 1.07% |
| 2024 | 4.42% | 1.21% |
| 2023 | 4.05% | 1.40% |
| 2022 | 3.47% | 1.65% |
| 2021 | 1.93% | 1.20% |
| 2020 | 4.04% | 1.52% |
| 2019 | 2.97% | 1.75% |
| 2018 | 5.25% | 2.04% |
| 2017 | 2.81% | 1.80% |
| 2016 | 2.57% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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