Data as of Oct 28, 2026.
FBND vs GTO: Differences, Returns & Fees
FBND's duration was 5.6 years on Aug 31, 2026 and GTO's 5.7 on Jul 31, 2026; GTO charges 0.35% to FBND's 0.36%.
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Net assets: $27.9bn on Sep 30, 2026 for Fidelity Total Bond ETF, and $2.6bn on Oct 27, 2026 for Invesco Total Return Bond ETF.
Pair scorecard
GTO costs 0.01 points a year less; their one-year returns differ by 0.1 points.
| Measure | FBND | GTO |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.5% | −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 | 0.36% | 0.35% |
| Net assets, FBND as of Sep 30, 2026 and GTO as of Oct 27, 2026 | $27.9bn | $2.6bn |
| Holdings | ||
| Holdings in common | 6% | |
Holdings in common uses holdings dated Jul 31, 2026 and Aug 31, 2026. Method
Risk and return
Feb 19, 2016 to Oct 23, 2026 · 557 weekly returnsGTO returned slightly more: +34.6% to +33.8%. GTO swung slightly less: 5.4% to 5.9%. FBND fell less at its worst: −16.8% to −20.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FBND | GTO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +33.8% | +34.6% | GTO (slight) | Price change plus distributions, reinvested. |
| Annualized | +2.8% | +2.8% | Tie | Total return as a yearly rate. |
| Price return | −7.7% | −9.9% | FBND | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.9% | 5.4% | GTO (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.2% | 4.1% | GTO (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −16.8% | −20.2% | FBND | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.09 | 0.10 | GTO | Return above Treasury bills per unit of volatility. |
| Sortino | 0.12 | 0.13 | GTO (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.16 | 0.14 | FBND | Annualized return divided by the max drawdown. |
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, FBND and GTO hold 6% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
6% in common
Only in one fund ↓
Side by side
FBND and GTO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FBND 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 Aug 31, 2026 and Jul 31, 2026).
- What each follows (similar). Both follow No index, actively managed.
- One-year total return (similar). Over 1 year to Oct 28, 2026 FBND returned −1.5% and GTO −1.4% with distributions reinvested, a gap of 0.1 points.
Data as of Oct 28, 2026.
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FBND
FBND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.5% with distributions reinvested. The prospectus expense ratio is 0.36% 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, FBND or GTO?
- In the year to Oct 28, 2026, with distributions reinvested, FBND returned −1.5% and GTO −1.4%.
- Which is cheaper, FBND or GTO?
- GTO 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, FBND against GTO, data as of Oct 28, 2026. https://etfiq.com/compare/any/fbnd-vs-gto
ETFIQ. (Oct 28, 2026). FBND against GTO. Retrieved from https://etfiq.com/compare/any/fbnd-vs-gto
[FBND against GTO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fbnd-vs-gto)
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