GTOC vs IVV
Invesco Core Fixed Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. GTOC offers more diversification with 796 holdings.
Side-by-Side Comparison
| Metric | GTOC | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.26% | 0.03% | |
| AUM | $355M | $907.0B | |
| Dividend Yield | 4.03% | 1.10% | |
| Holdings | 796 | 508 | |
| YTD Return | -2.57% | +12.71% | |
| 1Y Return | -0.41% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 3.6% | 15.1% | |
| Max Drawdown | -4.1% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 23, 2025 | May 15, 2000 |
GTOC vs IVV Performance
Invesco Core Fixed Income ETF (GTOC) 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 GTOC returned -0.41% while IVV returned +21.89%. Year to date, GTOC is down 2.57% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.6% for GTOC. 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 -4.1% for GTOC 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GTOC charges 0.26% per year while IVV charges 0.03%. On a $10,000 position that is $26 vs $3 annually, a gap of $23 per year that compounds over a long holding period. On income, GTOC currently yields 4.03% against 1.10% for IVV.
Holdings Overlap
GTOC and IVV share 9 holdings out of 716 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GTOC or IVV?
GTOC has an expense ratio of 0.26% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, GTOC or IVV?
Over the past year GTOC returned -0.41% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), GTOC annualized +0.32% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, GTOC or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.6% for GTOC. Worst drawdown: GTOC -4.1% vs IVV -56.5%.
Should I hold both GTOC and IVV?
GTOC and IVV have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GTOC and IVV?
GTOC and IVV share 9 common holdings with a 0.4% weight overlap. Combined, they hold 716 unique securities.
Which pays a higher dividend, GTOC or IVV?
GTOC yields 4.03% while IVV yields 1.10%, so GTOC currently pays the higher dividend yield.
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