GTOQ vs IVV
Invesco High Yield Systematic Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | GTOQ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $182M | $907.0B | |
| Dividend Yield | 6.88% | 1.10% | |
| Holdings | 489 | 508 | |
| YTD Return | +2.36% | +12.39% | |
| 1Y Return | +4.66% | +20.24% | |
| 3Y Return (annualized) | +8.48% | +21.78% | |
| 5Y Return (annualized) | +3.85% | +12.84% | |
| Volatility (annualized) | 6.7% | 15.1% | |
| Max Drawdown | -15.7% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 2, 2020 | May 15, 2000 |
GTOQ vs IVV Performance
Invesco High Yield Systematic Bond ETF (GTOQ) 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 GTOQ returned +4.66% while IVV returned +20.24%. Year to date, GTOQ is up 2.36% versus a gain of 12.39% for IVV.
Over three years, GTOQ compounded at +8.48% per year against +21.78% for IVV; over five years the annualized figures are +3.85% and +12.84% respectively. Across the full 6-year window we track, IVV has the edge at +6.98% annualized vs +4.15%. 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 6.7% for GTOQ. 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 -15.7% for GTOQ 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GTOQ charges 0.39% per year while IVV charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, GTOQ currently yields 6.88% against 1.10% for IVV.
Holdings Overlap
GTOQ and IVV share 0 holdings out of 914 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GTOQ or IVV?
GTOQ has an expense ratio of 0.39% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, GTOQ or IVV?
Over the past year GTOQ returned +4.66% vs +20.24% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), GTOQ annualized +4.15% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, GTOQ or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.7% for GTOQ. Worst drawdown: GTOQ -15.7% vs IVV -56.5%.
Should I hold both GTOQ and IVV?
GTOQ and IVV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GTOQ and IVV?
GTOQ and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 914 unique securities.
Which pays a higher dividend, GTOQ or IVV?
GTOQ yields 6.88% while IVV yields 1.10%, so GTOQ currently pays the higher dividend yield.
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