Data as of Oct 28, 2026.
GTO vs HTRB: Differences, Returns & Fees
On Jul 31, 2026 GTO's duration was 5.7 years and HTRB's 6.3; HTRB charges 0.29% to GTO's 0.35%.
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Net assets: $2.6bn on Oct 27, 2026 for Invesco Total Return Bond ETF, and $2.2bn on Jul 31, 2026 for Hartford Total Return Bond ETF.
Pair scorecard
HTRB costs 0.06 points a year less; their one-year returns differ by 0.6 points.
| Measure | GTO | HTRB |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | −2.0% |
| Drawdown | ||
| Below its high | 3.4%, high on Sep 14, 2021 | 3.2%, high on Feb 27, 2026 |
| Benchmark | ||
| What it tracks | No index, actively managed | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.35% | 0.29% |
| Net assets, GTO as of Oct 27, 2026 and HTRB as of Jul 31, 2026 | $2.6bn | $2.2bn |
| Holdings | ||
| Holdings in common | 10% | |
Holdings in common uses holdings dated Jul 31, 2026. Method
Risk and return
Oct 6, 2017 to Oct 23, 2026 · 472 weekly returns · each against AGGGTO returned more: +22.5% to +18.2%. GTO and HTRB swung about the same: 5.7% and 5.8%. HTRB fell slightly less at its worst: −19.2% to −20.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GTO | HTRB | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +22.5% | +18.2% | GTO | Price change plus distributions, reinvested. | |
| Annualized | +2.3% | +1.9% | GTO | Total return as a yearly rate. | |
| Price return | −14.2% | −18.9% | GTO | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 5.7% | 5.8% | Tie | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 4.4% | 4.4% | Tie | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −20.2% | −19.2% | HTRB (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 97.6% | 96.3% | 100.0% | Tie | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 94.0% | 94.6% | 100.0% | Tie | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.94 | 1.01 | 1.00 | GTO lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.79 | 0.88 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | −0.05 | −0.12 | GTO | Return above Treasury bills per unit of volatility. | |
| Sortino | −0.07 | −0.15 | GTO | Return above Treasury bills per unit of downside deviation. | |
| Treynor | −0.003 | −0.007 | −0.011 | GTO | Return above Treasury bills per unit of beta. |
| Calmar | 0.11 | 0.10 | GTO | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | +0.8% a year | +0.5% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.86 | 0.66 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.0% to +2.5% | −0.9% to +1.8% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.31 | 0.22 | GTO | Return against its benchmark per unit of tracking error. | |
| Tracking error | 2.7% | 2.0% | 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, 472 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GTO and HTRB hold 10% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.
half
10% in common
Only in one fund ↓
Side by side
GTO and HTRB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
GTO and HTRB are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 10% of the weight is in the same securities (holdings dated 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 GTO returned −1.4% and HTRB −2.0% with distributions reinvested, a gap of 0.6 points.
Data as of Oct 28, 2026.
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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.
HTRB
HTRB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −2.0% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.29% a year. It sat 3.2% below its high of Feb 27, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, GTO or HTRB?
- In the year to Oct 28, 2026, with distributions reinvested, GTO returned −1.4% and HTRB −2.0%.
- Which is cheaper, GTO or HTRB?
- HTRB is cheaper, by 0.06 percentage points a year. That is about $6 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, GTO against HTRB, data as of Oct 28, 2026. https://etfiq.com/compare/any/gto-vs-htrb
ETFIQ. (Oct 28, 2026). GTO against HTRB. Retrieved from https://etfiq.com/compare/any/gto-vs-htrb
[GTO against HTRB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/gto-vs-htrb)
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