GTO vs IVV
Invesco Total Return Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. GTO offers more diversification with 1,904 holdings.
Side-by-Side Comparison
| Metric | GTO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $2.5B | $907.0B | |
| Dividend Yield | 4.90% | 1.10% | |
| Holdings | 1,904 | 508 | |
| YTD Return | +0.14% | +12.71% | |
| 1Y Return | +3.20% | +21.89% | |
| 3Y Return (annualized) | +5.32% | +22.08% | |
| 5Y Return (annualized) | -0.34% | +12.96% | |
| Volatility (annualized) | 5.7% | 15.1% | |
| Max Drawdown | -21.1% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 10, 2016 | May 15, 2000 |
GTO vs IVV Performance
Invesco Total Return Bond ETF (GTO) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GTO returned +3.20% while IVV returned +21.89%. Year to date, GTO is up 0.14% versus a gain of 12.71% for IVV.
Over three years, GTO compounded at +5.32% per year against +22.08% for IVV; over five years the annualized figures are -0.34% and +12.96% respectively. Across the full 11-year window we track, IVV has the edge at +7.00% annualized vs +1.25%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.7% for GTO. 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 -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GTO charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, GTO currently yields 4.90% against 1.10% for IVV.
Holdings Overlap
GTO and IVV share 24 holdings out of 1130 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GTO or IVV?
GTO has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, GTO or IVV?
Over the past year GTO returned +3.20% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (11 years), GTO annualized +1.25% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, GTO or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.7% for GTO. Worst drawdown: GTO -21.1% vs IVV -56.5%.
Should I hold both GTO and IVV?
GTO and IVV have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GTO and IVV?
GTO and IVV share 24 common holdings with a 0.8% weight overlap. Combined, they hold 1130 unique securities.
Which pays a higher dividend, GTO or IVV?
GTO yields 4.90% while IVV yields 1.10%, so GTO currently pays the higher dividend yield.
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