GTOS vs SPGM
Invesco Short Duration Total Return Bond ETF vs State Street SPDR Portfolio MSCI Global Stock Market ETF
Quick Verdict
SPGM has a lower expense ratio. SPGM delivered stronger 1-year returns. SPGM offers more diversification with 2,985 holdings.
Side-by-Side Comparison
| Metric | GTOS | SPGM | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.09% | |
| AUM | $124M | $1.8B | |
| Dividend Yield | 4.52% | 1.81% | |
| Holdings | 703 | 2,985 | |
| YTD Return | -0.70% | +15.41% | |
| 1Y Return | +1.20% | +25.49% | |
| 3Y Return (annualized) | +4.69% | +21.81% | |
| 5Y Return (annualized) | - | +11.66% | |
| Volatility (annualized) | 1.9% | 13.7% | |
| Max Drawdown | -1.8% | -34.0% | |
| Fund Family | Invesco (US) | SPDR State Street Global Advisors | |
| Category | Fixed Income | Equity | |
| Inception | Dec 9, 2022 | Feb 27, 2012 |
GTOS vs SPGM Performance
Invesco Short Duration Total Return Bond ETF (GTOS) is a ETF from Invesco (US) and State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is a ETF from SPDR State Street Global Advisors. Over the past year GTOS returned +1.20% while SPGM returned +25.49%. Year to date, GTOS is down 0.70% versus a gain of 15.41% for SPGM.
Over three years, GTOS compounded at +4.69% per year against +21.81% for SPGM. Across the full 4-year window we track, SPGM has the edge at +9.95% annualized vs +4.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPGM has been the more volatile fund, with annualized monthly volatility of 13.7% compared with 1.9% for GTOS. 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 -1.8% for GTOS and -34.0% for SPGM. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GTOS charges 0.30% per year while SPGM charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, GTOS currently yields 4.52% against 1.81% for SPGM.
Holdings Overlap
GTOS and SPGM share 0 holdings out of 3105 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, GTOS or SPGM?
GTOS has an expense ratio of 0.30% while SPGM charges 0.09%. SPGM is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, GTOS or SPGM?
Over the past year GTOS returned +1.20% vs +25.49% for SPGM, so SPGM leads on 1-year performance. Over the longest common window we track (4 years), GTOS annualized +4.33% vs +9.95% for SPGM. Past performance does not guarantee future results.
Which is riskier, GTOS or SPGM?
SPGM has been the more volatile fund at 13.7% annualized versus 1.9% for GTOS. Worst drawdown: GTOS -1.8% vs SPGM -34.0%.
Should I hold both GTOS and SPGM?
GTOS and SPGM have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GTOS and SPGM?
GTOS and SPGM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 3105 unique securities.
Which pays a higher dividend, GTOS or SPGM?
GTOS yields 4.52% while SPGM yields 1.81%, so GTOS currently pays the higher dividend yield.
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