Which returned more over the last year, GTO or IUSB?

In the year to Oct 28, 2026, with distributions reinvested, GTO returned −1.4% and IUSB −1.2%.

Which is cheaper, GTO or IUSB?

IUSB is cheaper, by 0.29 percentage points a year. That is about $29 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

GTO vs IUSB: Differences, Returns & Fees

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On Jul 31, 2026 GTO's duration was 5.7 years and IUSB's 5.5; IUSB charges 0.06% to GTO's 0.35%.

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Net assets on Oct 27, 2026: $2.6bn for Invesco Total Return Bond ETF and $49.8bn for iShares Core Universal USD Bond ETF.

GTO on its own →IUSB on its own →

At a glance

−1.4%

GTO total return, 1 year

−1.2%

IUSB total return, 1 year

0.35%

GTO expense ratio

0.06%

IUSB expense ratio

Pair scorecard

IUSB costs 0.29 points a year less; their one-year returns differ by 0.2 points; IUSB is 19.2 times larger.

GTO vs IUSB: Differences, Returns & Fees
Measure	GTO	IUSB
Return
Measure	GTO	IUSB
Total return, 1 year	−1.4%	−1.2%
Drawdown
Measure	GTO	IUSB
Below its high	3.4%, high on Sep 14, 2021
Benchmark
Measure	GTO	IUSB
What it tracks	No index, actively managed	Bloomberg U.S. Universal Index
Cost and size
Measure	GTO	IUSB
Expense ratio	0.35%	0.06%
Net assets, as of Oct 27, 2026	$2.6bn	$49.8bn
Holdings
Measure	GTO	IUSB
Holdings in common	6%

Holdings in common uses holdings dated Jul 31, 2026. Method

Risk and return

Feb 19, 2016 to Oct 23, 2026 · 557 weekly returns

GTO IUSB

Return

Total return edge GTO +34.6% +23.6%

Annualized edge GTO +2.8% +2.0%

Price return edge GTO (slight) −9.9% −10.9%

Risk

Volatility edge IUSB (slight) 5.4% 5.3%

Max drawdown edge IUSB −20.2% −17.7%

Risk-adjusted

Sharpe edge GTO 0.10 −0.05

Sortino edge GTO 0.13 −0.07

Calmar edge GTO 0.14 0.11

Reading

GTO returned more: +34.6% to +23.6%. IUSB swung slightly less: 5.3% to 5.4%. IUSB fell less at its worst: −17.7% to −20.2%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: GTO vs IUSB: Differences, Returns & Fees
Measure	GTO	IUSB	Edge	How it is measured
Return
Total return	+34.6%	+23.6%	GTO	Price change plus distributions, reinvested.
Annualized	+2.8%	+2.0%	GTO	Total return as a yearly rate.
Price return	−9.9%	−10.9%	GTO (slight)	Price change alone, distributions left out.
Risk
Volatility	5.4%	5.3%	IUSB (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	4.1%	3.8%	IUSB (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−20.2%	−17.7%	IUSB	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.10	−0.05	GTO	Return above Treasury bills per unit of volatility.
Sortino	0.13	−0.07	GTO	Return above Treasury bills per unit of downside deviation.
Calmar	0.14	0.11	GTO	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, GTO and IUSB hold 6% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first GTO IUSB

Uniform Mortgage-Backed Securities, TBA, due Aug 1, 2056 0.73% 0.41%

U.S. Treasury Notes/Bonds, due May 15, 2036 6.49% 0.37%

Uniform Mortgage-Backed Securities, TBA, due Aug 1, 2056 0.63% 0.31%

Uniform Mortgage-Backed Securities, TBA, due Aug 1, 2056 1.30% 0.30%

Uniform Mortgage-Backed Securities, TBA, due Aug 1, 2041 0.24% 0.26%

Uniform Mortgage-Backed Securities, TBA, due Aug 1, 2056 0.46% 0.22%

U.S. Treasury Notes/Bonds, due Jun 30, 2028 1.52% 0.20%

Government National Mortgage Association, TBA, due Aug 1, 2056 0.57% 0.19%

Government National Mortgage Association, TBA, due Aug 1, 2056 0.58% 0.18%

U.S. Treasury Notes/Bonds, due Feb 15, 2056 3.97% 0.16%

Uniform Mortgage-Backed Securities, TBA, due Aug 1, 2056 1.49% 0.16%

Government National Mortgage Association, TBA, due Aug 1, 2056 3.68% 0.14%

Only in one fund ↓

Only in GTO

Freddie Mac Multifamily Structured Pass Through Ctfs., due Mar 25, 2031 0.99%

Invesco Short Duration Total Return Bond ETF 0.83%

CoreWeave Compute Acquisition Co. VIII, LLC, Delayed Draw Term Loan, due Mar 31, 2032 0.72%

Bain Capital Credit CLO Ltd., Series 2019-1A, Class AR3, due Apr 19, 2034 0.70%

Federal Home Loan Mortgage Corp., due Apr 1, 2035 0.65%

Federal National Mortgage Association, due Apr 1, 2031 0.58%

Qdoba Funding LLC, Series 2026-1A, Class A2, due Jun 14, 2056 0.58%

Freddie Mac Multifamily Structured Pass Through Ctfs., due Apr 25, 2031 0.55%

Only in IUSB

U.S. Treasury Notes, due Dec 31, 2029 0.37%

U.S. Treasury Notes, due Feb 15, 2034 0.36%

U.S. Treasury Notes, due Feb 15, 2035 0.35%

U.S. Treasury Notes, due Aug 15, 2035 0.34%

U.S. Treasury Notes, due May 15, 2034 0.34%

U.S. Treasury Notes, due Nov 15, 2034 0.34%

U.S. Treasury Notes, due May 15, 2035 0.33%

U.S. Treasury Notes, due Feb 15, 2036 0.33%

Check overlap with more funds →

Side by side

GTO Invesco Total Return Bond ETF IUSB iShares Core Universal USD Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Invesco iShares

What it is Actively managed Tracks an index of Universal USD Bond

Total return, 1 year −1.4% −1.2%

Its benchmark over the same days −1.4% (AGG) not measured

Gap to its benchmark 0.0 pts vs AGG not measured

Expense ratio 0.35% 0.06%

Holdings 1900 18338

Net assets, as of Oct 27, 2026 $2.6bn $49.8bn

GTO and IUSB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-226C4BA908

GTO and IUSB are built for the same job. How do they differ in cost, holdings and results?

What each follows. GTO follows No index, actively managed and IUSB follows Bloomberg U.S. Universal Index.
Holdings in common. 6% of the weight is in the same securities (holdings dated Jul 31, 2026).
Number of holdings. GTO holds 1,900 positions and IUSB holds 18338.

Data as of Oct 28, 2026.

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About each fund

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.

IUSB

IUSB tracks an index of Universal USD Bond. Over the year to Oct 28, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

Questions people ask

Which returned more over the last year, GTO or IUSB?: In the year to Oct 28, 2026, with distributions reinvested, GTO returned −1.4% and IUSB −1.2%.
Which is cheaper, GTO or IUSB?: IUSB is cheaper, by 0.29 percentage points a year. That is about $29 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

GTO vs JCPB CGCP vs GTO BOND vs GTO GTO vs HTRB IUSB vs UBND IUSB vs SYSB IUSB vs PTRB BOND vs IUSB

Where to next

GTO on its own →IUSB on its own →Hold both: look the portfolio through →Rankings →GTO dividend history →GTO holdings →IUSB dividend history →IUSB holdings →Standards and sources →

Sources and dates

GTO filings on SEC EDGAR ↗

GTO prospectus with the expense ratio (SEC) ↗

Invesco page for GTO ↗

IUSB filings on SEC EDGAR ↗

IUSB prospectus with the expense ratio (SEC) ↗

iShares page for IUSB ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, GTO against IUSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/gto-vs-iusb

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.