Data as of Oct 28, 2026.
BOND vs GTO: Differences, Returns & Fees
Over the year to Oct 28, 2026, BOND and GTO finished level, −1.4% against −1.4%, and GTO charges 0.35% to BOND's 0.54%.
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Net assets: $8.3bn on Jun 30, 2026 for PIMCO Active Bond Exchange-Traded Fund, and $2.6bn on Oct 27, 2026 for Invesco Total Return Bond ETF.
Pair scorecard
GTO costs 0.19 points a year less; both returned −1.4% over a year.
| Measure | BOND | GTO |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | −1.4% |
| Drawdown | ||
| Below its high | 3.1%, high on Feb 27, 2026 | 3.4%, high on Sep 14, 2021 |
| Benchmark | ||
| What it tracks | No index, actively managed | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.54% | 0.35% |
| Net assets, BOND as of Jun 30, 2026 and GTO as of Oct 27, 2026 | $8.3bn | $2.6bn |
| Holdings | ||
| Holdings in common | 8% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Feb 19, 2016 to Oct 23, 2026 · 557 weekly returns · each against AGGGTO returned more: +34.6% to +25.2%. BOND swung slightly less: 5.3% to 5.4%. BOND fell slightly less at its worst: −19.5% to −20.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BOND | GTO | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +25.2% | +34.6% | GTO | Price change plus distributions, reinvested. | |
| Annualized | +2.1% | +2.8% | GTO | Total return as a yearly rate. | |
| Price return | −15.0% | −9.9% | GTO | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 5.3% | 5.4% | BOND (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 3.9% | 4.1% | BOND (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −19.5% | −20.2% | BOND (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 100.7% | 97.2% | 100.0% | BOND (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 97.1% | 89.8% | 100.0% | GTO (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.97 | 0.92 | 1.00 | GTO lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.91 | 0.77 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | −0.03 | 0.10 | GTO | Return above Treasury bills per unit of volatility. | |
| Sortino | −0.03 | 0.13 | GTO | Return above Treasury bills per unit of downside deviation. | |
| Treynor | −0.001 | 0.006 | −0.007 | GTO | Return above Treasury bills per unit of beta. |
| Calmar | 0.11 | 0.14 | GTO | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | +0.5% a year | +1.2% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.10 | 1.51 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.4% to +1.5% | −0.4% to +2.7% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.35 | 0.48 | GTO | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.6% | 2.6% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 557 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BOND and GTO hold 8% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
8% in common
Only in one fund ↓
Side by side
BOND and GTO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BOND and GTO are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 8% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
- Cost. BOND charges 0.54% of assets a year and GTO 0.35%, a gap of 0.19 points.
- What each follows (similar). Both follow No index, actively managed.
Data as of Oct 28, 2026.
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BOND
BOND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.54% a year. It sat 3.1% below its high of Feb 27, 2026 on Oct 28, 2026.
GTO
GTO is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.35% a year. It sat 3.4% below its high of Sep 14, 2021 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BOND or GTO?
- In the year to Oct 28, 2026, with distributions reinvested, BOND returned −1.4% and GTO −1.4%.
- Which is cheaper, BOND or GTO?
- GTO is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BOND against GTO, data as of Oct 28, 2026. https://etfiq.com/compare/any/bond-vs-gto
ETFIQ. (Oct 28, 2026). BOND against GTO. Retrieved from https://etfiq.com/compare/any/bond-vs-gto
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