GTO vs HTRB
Invesco Total Return Bond ETF vs Hartford Total Return Bond ETF
Which is better, GTO or HTRB?
Nearly the same fund. HTRB costs less.
HTRB has a lower expense ratio. GTO led over 1Y, 3Y and the full window, HTRB over 5Y. The two have moved almost in lockstep, correlation 0.95.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GTO | HTRB |
|---|---|---|
| Expense Ratio | 0.35% | 0.29%Best |
| AUM | $2.6B | $2.2B |
| Dividend Yield | 4.96% | 5.23% |
| Holdings | 3,857 | 3,756 |
| YTD Return | -0.78%Best | -1.08% |
| 1Y Return | -0.63%Best | -1.17% |
| 3Y Return (annualized) | +5.21%Best | +5.08% |
| 5Y Return (annualized) | -0.33% | -0.03%Best |
| Volatility (annualized) | 6.1% | 5.9%Best |
| Max Drawdown | -21.1%Tie | -21.1%Tie |
| $10,000 over 5 years | $9,836 | $9,985Best |
| Fund Family | Invesco (US) | Hartford Funds |
| Category | Fixed Income | Fixed Income |
| Inception | Feb 10, 2016 | Sep 27, 2017 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2017 to Nov 11, 2026 (9.1 years).
GTO vs HTRB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.1 years both funds cover.
GTO vs HTRB Performance
Invesco Total Return Bond ETF (GTO) is an ETF from Invesco (US) and Hartford Total Return Bond ETF (HTRB) is an ETF from Hartford Funds. Over the past year GTO returned -0.63% while HTRB returned -1.17%. Year to date, GTO is down 0.78% versus a loss of 1.08% for HTRB.
Over three years, GTO compounded at +5.21% per year against +5.08% for HTRB; over five years the annualized figures are -0.33% and -0.03% respectively. Across the full 9-year window we track, GTO has the edge at +0.80% annualized vs +0.32%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GTO has been the more volatile fund, with annualized monthly volatility of 6.1% compared with 5.9% for HTRB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.1% for GTO and -21.1% for HTRB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GTO charges 0.35% per year while HTRB charges 0.29%. On a $10,000 position that is $35 vs $29 annually, a gap of $6 per year that compounds over a long holding period. On income, GTO currently yields 4.96% against 5.23% for HTRB.
Holdings Overlap
We hold position weights for 983 holdings in GTO and 1,145 in HTRB, totalling 21.7% and 56.1% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 45 positions appear in both.
45 positions in common, counted across the 983 positions we hold weights for in GTO and 1,145 in HTRB, against full books of 3,857 and 3,756.
Top Shared Holdings
| Stock | Weight in GTO | Weight in HTRB | Difference |
|---|---|---|---|
| PM 4.75 11/01/31Philip Morris International Inc Corp. Note | 0.06% | 0.05% | 0.01% |
| CPB 5.4 03/21/34Campbell Soup Co 5.4% 03/21/2034 | 0.00% | 0.10% | 0.10% |
| EFMT 2022-1 A1Efmt 2022-1 A1 | 0.03% | 0.07% | 0.04% |
| COLT 2022-1 A1Colt 2022-1 Mortgage Loan Trust Ser 2022-1 Cl A1 V/R Regd 144A P/P 2.28400000 | 0.03% | 0.07% | 0.04% |
| ORCL 4.7 09/27/34Oracle Corp. 4.7% 09-27-2034 | 0.00% | 0.09% | 0.09% |
| VERUS 2021-7 A1Verus Securitization Trust 2021-7 Ser 2021-7 Cl A1 V/R Regd 144A P/P 1.82900000 | 0.03% | 0.06% | 0.03% |
| STAR 2021-6 A1Star 2021-6 A1 | 0.04% | 0.04% | 0.00% |
| VERUS 2022-1 A1VerUS 2022-1 A1 V/R 01/25/67 | 0.03% | 0.05% | 0.02% |
| CAH 4.5 09/15/30Cardinal Health Inc 4.5% Sep 15, 2030 | 0.00% | 0.07% | 0.07% |
| META 5.55 08/15/64Meta Platforms, Inc. 0.06% Aug 15/64 | 0.00% | 0.07% | 0.07% |
You are not choosing between two funds in isolation.
Whichever of GTO and HTRB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GTO or HTRB?
GTO has an expense ratio of 0.35% while HTRB charges 0.29%. HTRB is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, GTO or HTRB?
Over the past year GTO returned -0.63% vs -1.17% for HTRB, so GTO leads on 1-year performance. Over the longest common window we track (9 years), GTO annualized +0.80% vs +0.32% for HTRB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GTO or HTRB?
GTO has been the more volatile fund at 6.1% annualized versus 5.9% for HTRB. Worst drawdown: GTO -21.1% vs HTRB -21.1%.
Should I hold both GTO and HTRB?
GTO and HTRB have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, GTO or HTRB?
GTO yields 4.96% while HTRB yields 5.23%, so HTRB currently pays the higher dividend yield.
Is HTRB better than GTO?
HTRB has a lower expense ratio. GTO led over 1Y, 3Y and the full window, HTRB over 5Y. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.