GTOQ vs PIM

Comparison between INVESCO HIGH YIELD SYSTEMATIC BOND ETF (GTOQ, ETF) and Putnam Master Intermediate Income Trust (PIM, ETF).

5-Year PerformanceGTOQ has outperformed PIM, delivering a return of +3.9% compared to +2.1%

GTOQ vs PIM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GTOQ(ETF)	PIM(ETF)
Net Assets	$165M	$164M
Expense Ratio	0.39%	N/A
Max Drawdown	20.62%	57.86%
Sharpe Ratio	0.80	0.01
5Y Beta	0.22	0.17
5Y Dividends CAGR	34.35%	-5.05%

Net Assets

Winner

GTOQ

$165M

PIM

$164M

Expense Ratio

GTOQ

0.39%

PIM

N/A

Max Drawdown

Winner

GTOQ

20.62%

PIM

57.86%

Sharpe Ratio

Winner

GTOQ

0.80

PIM

0.01

5Y Beta

GTOQ

0.22

Winner

PIM

0.17

5Y Dividends CAGR

Winner

GTOQ

34.35%

PIM

-5.05%

GTOQ vs PIM - Historical Returns

Returns include dividend reinvestment.

Period	GTOQ	PIM
1 month	+0.88%	+0.15%
3 months	+2.88%	+2.17%
6 months	+2.39%	+2.00%
1 year	+6.81%	+2.90%
5 years(CAGR)	+3.88%	+2.07%
10 years(CAGR)	N/A	+4.40%
Max(CAGR)	+4.29%	+5.04%

Winner

GTOQ

+0.88%

PIM

+0.15%

Winner

GTOQ

+2.88%

PIM

+2.17%

Winner

GTOQ

+2.39%

PIM

+2.00%

Winner

GTOQ

+6.81%

PIM

+2.90%

5Y(CAGR)

Winner

GTOQ

+3.88%

PIM

+2.07%

10Y(CAGR)

GTOQ

N/A

PIM

+4.40%

Max(CAGR)

GTOQ

+4.29%

Winner

PIM

+5.04%

GTOQ vs PIM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GTOQ	PIM
2026	+1.88%	-0.97%
2025	+7.86%	+10.23%
2024	+8.87%	+10.15%
2023	+13.34%	+7.10%
2022	-12.13%	-11.58%
2021	+5.36%	+1.00%
2020	+0.38%	-3.73%
2019	N/A	+19.57%
2018	N/A	-5.87%
2017	N/A	+10.79%
2016	N/A	+10.02%
2015	N/A	-0.98%
2014	N/A	+1.51%
2013	N/A	+4.52%
2012	N/A	+6.90%
2011	N/A	-5.61%
2010	N/A	+4.74%
2009	N/A	+74.09%
2008	N/A	-30.23%
2007	N/A	+4.03%
2006	N/A	+12.30%
2005	N/A	-1.22%
2004	N/A	+6.37%
2003	N/A	+16.46%
2002	N/A	+11.36%
2001	N/A	+6.11%
2000	N/A	+5.38%
1999	N/A	-9.52%

GTOQ vs PIM Drawdown Comparison

The maximum drawdown for GTOQ was -15.96%, occurring on Sep 30, 2022. Recovery took 571 trading sessions.

The maximum drawdown for PIM was -43.29%, occurring on Dec 9, 2008. Recovery took 303 trading sessions.

The current PIM drawdown is -3.44%.

Rank	GTOQ	PIM
#1	-15.96% Sep 20, 2021 - Dec 27, 2023	-43.29% May 21, 2008 - Aug 4, 2009
#2	-5.25% Feb 28, 2025 - Jun 3, 2025	-28.13% Feb 7, 2020 - Sep 18, 2024
#3	-2.95% Feb 10, 2026 - Apr 17, 2026	-21.58% Jun 6, 2011 - Jun 23, 2014
#4	-2.02% Mar 27, 2024 - May 6, 2024	-14.81% Nov 2, 1999 - Jan 10, 2001
#5	-1.51% Dec 6, 2024 - Jan 21, 2025	-13.57% Mar 22, 2010 - Jun 28, 2010
#6	-1.47% Oct 2, 2025 - Nov 26, 2025	-13.02% Nov 9, 2010 - May 31, 2011
#7	-1.34% Dec 27, 2023 - Jan 29, 2024	-12.75% Jun 23, 2014 - Aug 15, 2016
#8	-1.31% Feb 12, 2021 - Apr 5, 2021	-10.86% Jun 7, 2001 - Jan 22, 2002
#9	-1.22% Jul 16, 2024 - Aug 15, 2024	-10.28% May 3, 2018 - Mar 29, 2019
#10	-1.16% Feb 1, 2024 - Mar 7, 2024	-9.45% Mar 30, 2004 - Aug 31, 2004
#11	-1.04% Jan 28, 2025 - Feb 25, 2025	-9.32% Jun 14, 2002 - Sep 5, 2002
#12	-0.99% Nov 8, 2024 - Nov 20, 2024	-7.31% Jul 6, 2005 - Aug 17, 2006
#13	-0.87% May 7, 2021 - Jun 7, 2021	-7.26% Jul 3, 2007 - Dec 26, 2007
#14	-0.80% Jan 20, 2021 - Feb 5, 2021	-7.07% Jan 3, 2008 - May 5, 2008
#15	-0.77% May 21, 2024 - Jun 3, 2024	-6.45% Sep 12, 2025 - Dec 17, 2025

Correlation

Correlation between GTOQ and PIM is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2000 - 2026)

GTOQ vs PIM dividend yield comparison.

Year	GTOQ	PIM
2026	2.76%	3.46%
2025	7.04%	7.90%
2024	7.20%	8.10%
2023	6.76%	8.28%
2022	6.17%	8.25%
2021	4.86%	6.68%
2020	0.00%	8.32%
2019	0.00%	7.59%
2018	0.00%	6.82%
2017	0.00%	6.54%
2016	0.00%	6.77%
2015	0.00%	6.86%
2014	0.00%	6.49%
2013	0.00%	6.19%
2012	0.00%	6.52%
2011	0.00%	7.99%
2010	0.00%	10.64%
2009	0.00%	16.67%
2008	0.00%	12.22%
2007	0.00%	6.25%
2006	0.00%	5.42%
2005	0.00%	6.69%
2004	0.00%	6.81%
2003	0.00%	7.45%
2002	0.00%	8.79%
2001	0.00%	9.67%
2000	0.00%	4.28%