GTOS vs TYO
Invesco Short Duration Total Return Bond ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
GTOS has a lower expense ratio. TYO delivered stronger 1-year returns. GTOS offers more diversification with 703 holdings.
Side-by-Side Comparison
| Metric | GTOS | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 1.00% | |
| AUM | $124M | $13M | |
| Dividend Yield | 4.52% | 2.48% | |
| Holdings | 703 | 6 | |
| YTD Return | -0.74% | +11.78% | |
| 1Y Return | +1.17% | +11.29% | |
| 3Y Return (annualized) | +4.69% | +3.64% | |
| 5Y Return (annualized) | - | +15.26% | |
| Volatility (annualized) | 1.9% | 19.3% | |
| Max Drawdown | -1.8% | -90.4% | |
| Fund Family | Invesco (US) | Direxion Shares ETF Trust | |
| Category | Fixed Income | Alternative | |
| Inception | Dec 9, 2022 | Apr 16, 2009 |
GTOS vs TYO Performance
Invesco Short Duration Total Return Bond ETF (GTOS) is a ETF from Invesco (US) and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year GTOS returned +1.17% while TYO returned +11.29%. Year to date, GTOS is down 0.74% versus a gain of 11.78% for TYO.
Over three years, GTOS compounded at +4.69% per year against +3.64% for TYO. Across the full 4-year window we track, GTOS has the edge at +4.30% annualized vs -7.20%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TYO has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -90.4% for TYO. 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 -0.81. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GTOS charges 0.30% per year while TYO charges 1.00%. On a $10,000 position that is $30 vs $100 annually, a gap of $70 per year that compounds over a long holding period. On income, GTOS currently yields 4.52% against 2.48% for TYO.
Holdings Overlap
GTOS and TYO share 0 holdings out of 262 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 TYO?
GTOS has an expense ratio of 0.30% while TYO charges 1.00%. GTOS is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, GTOS or TYO?
Over the past year GTOS returned +1.17% vs +11.29% for TYO, so TYO leads on 1-year performance. Over the longest common window we track (4 years), GTOS annualized +4.30% vs -7.20% for TYO. Past performance does not guarantee future results.
Which is riskier, GTOS or TYO?
TYO has been the more volatile fund at 19.3% annualized versus 1.9% for GTOS. Worst drawdown: GTOS -1.8% vs TYO -90.4%.
Should I hold both GTOS and TYO?
GTOS and TYO have a monthly-return correlation of -0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GTOS and TYO?
GTOS and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 262 unique securities.
Which pays a higher dividend, GTOS or TYO?
GTOS yields 4.52% while TYO yields 2.48%, so GTOS currently pays the higher dividend yield.
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