Data as of Oct 28, 2026.
GTO vs JCPB: Differences, Returns & Fees
GTO's duration was 5.7 years on Jul 31, 2026 and JCPB's 5.9 on Aug 31, 2026; GTO charges 0.35% to JCPB's 0.37%.
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Net assets: $2.6bn on Oct 27, 2026 for Invesco Total Return Bond ETF, and $17.4bn on Oct 28, 2026 for JPMorgan Core Plus Bond ETF.
Pair scorecard
GTO costs 0.02 points a year less; their one-year returns differ by 0.6 points; JCPB is 6.7 times larger.
| Measure | GTO | JCPB |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | −0.8% |
| 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 | 0.35% | 0.37% |
| Net assets, as of Oct 27, 2026 | $2.6bn | $17.4bn |
| Holdings | ||
| Holdings in common | 2% | |
Holdings in common uses holdings dated Jul 31, 2026 and Aug 31, 2026. Method
Risk and return
Feb 8, 2019 to Oct 23, 2026 · 402 weekly returns · each against AGGJCPB returned slightly more: +19.7% to +18.1%. JCPB swung less: 5.2% to 6.1%. JCPB fell less at its worst: −16.5% to −20.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GTO | JCPB | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +18.1% | +19.7% | JCPB (slight) | Price change plus distributions, reinvested. | |
| Annualized | +2.2% | +2.4% | JCPB (slight) | Total return as a yearly rate. | |
| Price return | −11.9% | −10.5% | JCPB | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 6.1% | 5.2% | JCPB | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 4.7% | 3.7% | JCPB | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −20.2% | −16.5% | JCPB | Deepest fall from a high to the low after it. | |
| Upside capture | 98.0% | 94.7% | 100.0% | GTO (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 95.9% | 90.2% | 100.0% | JCPB (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.94 | 0.85 | 1.00 | JCPB lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.80 | 0.89 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | −0.08 | −0.07 | JCPB (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | −0.11 | −0.10 | JCPB (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | −0.005 | −0.004 | −0.012 | JCPB (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.11 | 0.14 | JCPB | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | +0.6% a year | +0.6% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.66 | 1.07 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.3% to +2.5% | −0.5% to +1.8% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.26 | 0.44 | JCPB | Return against its benchmark per unit of tracking error. | |
| Tracking error | 2.7% | 1.9% | 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, 402 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GTO and JCPB hold 2% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
2% in common
Only in one fund ↓
Side by side
GTO and JCPB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
GTO and JCPB are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 2% of the weight is in the same securities (holdings dated Jul 31, 2026 and Aug 31, 2026).
- Size. GTO has $2.6bn in net assets and JCPB $17.4bn (net assets, as of Oct 27, 2026); JCPB is 6.7 times larger.
- What each follows (similar). Both follow No index, actively managed.
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.
JCPB
JCPB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.37% a year.
Questions people ask
- Which returned more over the last year, GTO or JCPB?
- In the year to Oct 28, 2026, with distributions reinvested, GTO returned −1.4% and JCPB −0.8%.
- Which is cheaper, GTO or JCPB?
- GTO is cheaper, by 0.02 percentage points a year. That is about $2 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 JCPB, data as of Oct 28, 2026. https://etfiq.com/compare/any/gto-vs-jcpb
ETFIQ. (Oct 28, 2026). GTO against JCPB. Retrieved from https://etfiq.com/compare/any/gto-vs-jcpb
[GTO against JCPB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/gto-vs-jcpb)
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