GTOQ vs VOO
Invesco High Yield Systematic Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | GTOQ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $182M | $997.4B | |
| Dividend Yield | 6.88% | 1.08% | |
| Holdings | 489 | 509 | |
| YTD Return | +2.82% | +12.68% | |
| 1Y Return | +5.79% | +21.87% | |
| 3Y Return (annualized) | +8.79% | +22.06% | |
| 5Y Return (annualized) | +3.98% | +12.95% | |
| Volatility (annualized) | 6.7% | 14.1% | |
| Max Drawdown | -15.7% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 2, 2020 | Sep 7, 2010 |
GTOQ vs VOO Performance
Invesco High Yield Systematic Bond ETF (GTOQ) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GTOQ returned +5.79% while VOO returned +21.87%. Year to date, GTOQ is up 2.82% versus a gain of 12.68% for VOO.
Over three years, GTOQ compounded at +8.79% per year against +22.06% for VOO; over five years the annualized figures are +3.98% and +12.95% respectively. Across the full 6-year window we track, VOO has the edge at +13.47% annualized vs +4.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 VOO 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 1.08% for VOO.
Holdings Overlap
GTOQ and VOO 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 VOO?
GTOQ has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, GTOQ or VOO?
Over the past year GTOQ returned +5.79% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), GTOQ annualized +4.24% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, GTOQ or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 6.7% for GTOQ. Worst drawdown: GTOQ -15.7% vs VOO -34.3%.
Should I hold both GTOQ and VOO?
GTOQ and VOO 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 VOO?
GTOQ and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 914 unique securities.
Which pays a higher dividend, GTOQ or VOO?
GTOQ yields 6.88% while VOO yields 1.08%, so GTOQ currently pays the higher dividend yield.
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