Data as of Oct 28, 2026.
CGCP vs GTO: Differences, Returns & Fees
CGCP's duration was 6.1 years on Jun 30, 2026 and GTO's 5.7 on Jul 31, 2026; CGCP charges 0.34% to GTO's 0.35%.
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Net assets on Oct 27, 2026: $8.6bn for Capital Group Core Plus Income ETF and $2.6bn for Invesco Total Return Bond ETF.
Pair scorecard
CGCP costs 0.01 points a year less; both returned −1.4% over a year; CGCP is 3.3 times larger.
| Measure | CGCP | GTO |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | −1.4% |
| Drawdown | ||
| Below its high | 3.4%, high on Sep 14, 2021 | |
| Benchmark | ||
| What it tracks | No index, actively managed | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.34% | 0.35% |
| Net assets, as of Oct 27, 2026 | $8.6bn | $2.6bn |
| Holdings | ||
| Holdings in common | 6% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Mar 4, 2022 to Oct 23, 2026 · 242 weekly returns · each against AGGCGCP returned more: +4.8% to +2.7%. CGCP and GTO swung about the same: 5.9% and 5.9%. CGCP fell slightly less at its worst: −14.0% to −15.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | CGCP | GTO | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +4.8% | +2.7% | CGCP | Price change plus distributions, reinvested. | |
| Annualized | +1.0% | +0.6% | CGCP | Total return as a yearly rate. | |
| Price return | −15.7% | −16.1% | CGCP (slight) | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 5.9% | 5.9% | Tie | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 4.4% | 4.5% | CGCP (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −14.0% | −15.5% | CGCP (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 96.0% | 96.7% | 100.0% | Tie | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 94.0% | 96.9% | 100.0% | CGCP (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.96 | 0.97 | 1.00 | Tie | How far it moves for each 1% its benchmark moves. |
| R squared | 0.92 | 0.93 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | −0.51 | −0.58 | CGCP | Return above Treasury bills per unit of volatility. | |
| Sortino | −0.69 | −0.78 | CGCP | Return above Treasury bills per unit of downside deviation. | |
| Treynor | −0.032 | −0.036 | −0.036 | CGCP | Return above Treasury bills per unit of beta. |
| Calmar | 0.07 | 0.04 | CGCP | 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 | 0.0% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.59 | 0.05 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.1% to +2.0% | −1.4% to +1.4% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.36 | 0.10 | CGCP | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.7% | 1.6% | 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, 242 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, CGCP and GTO hold 6% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
6% in common
Only in one fund ↓
Side by side
CGCP and GTO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
CGCP and GTO are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 6% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
- Size. CGCP has $8.6bn in net assets and GTO $2.6bn (net assets, as of Oct 27, 2026); CGCP is 3.3 times larger.
- What each follows (similar). Both follow No index, actively managed.
Data as of Oct 28, 2026.
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CGCP
CGCP 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 0.34% a year.
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, CGCP or GTO?
- In the year to Oct 28, 2026, with distributions reinvested, CGCP returned −1.4% and GTO −1.4%.
- Which is cheaper, CGCP or GTO?
- CGCP is cheaper, by 0.01 percentage points a year. That is about $1 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, CGCP against GTO, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgcp-vs-gto
ETFIQ. (Oct 28, 2026). CGCP against GTO. Retrieved from https://etfiq.com/compare/any/cgcp-vs-gto
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