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

In the year to Oct 28, 2026, with distributions reinvested, GTO returned −1.4% and UBND −1.0%.

Which is cheaper, GTO or UBND?

GTO is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

GTO vs UBND: Differences, Returns & Fees

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GTO's duration was 5.7 years on Jul 31, 2026 and UBND's 5.6 on Jun 30, 2026; GTO charges 0.35% to UBND's 0.40%.

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Net assets: $2.6bn on Oct 27, 2026 for Invesco Total Return Bond ETF, and $1.9bn on Jun 30, 2026 for VictoryShares Core Plus Bond ETF.

GTO on its own →UBND on its own →

At a glance

−1.4%

GTO total return, 1 year

−1.0%

UBND total return, 1 year

0.35%

GTO expense ratio

0.40%

UBND expense ratio

Pair scorecard

GTO costs 0.05 points a year less; their one-year returns differ by 0.4 points.

GTO vs UBND: Differences, Returns & Fees
Measure	GTO	UBND
Return
Measure	GTO	UBND
Total return, 1 year	−1.4%	−1.0%
Drawdown
Measure	GTO	UBND
Below its high	3.4%, high on Sep 14, 2021
Benchmark
Measure	GTO	UBND
What it tracks	No index, actively managed	No index, actively managed
Cost and size
Measure	GTO	UBND
Expense ratio	0.35%	0.40%
Net assets, GTO as of Oct 27, 2026 and UBND as of Jun 30, 2026	$2.6bn	$1.9bn
Holdings
Measure	GTO	UBND
Holdings in common	2%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Oct 15, 2021 to Oct 23, 2026 · 262 weekly returns

GTO UBND

Return

Total return edge UBND −1.8% +2.9%

Annualized edge UBND −0.4% +0.6%

Price return edge UBND −20.5% −16.4%

Risk

Volatility edge Tie 5.8% 5.7%

Max drawdown edge UBND −19.7% −16.3%

Risk-adjusted

Sharpe edge UBND −0.70 −0.56

Sortino edge UBND −0.93 −0.72

Calmar edge UBND −0.02 0.04

Reading

UBND returned more: +2.9% to −1.8%. GTO and UBND swung about the same: 5.8% and 5.7%. UBND fell less at its worst: −16.3% to −19.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: GTO vs UBND: Differences, Returns & Fees
Measure	GTO	UBND	Edge	How it is measured
Return
Total return	−1.8%	+2.9%	UBND	Price change plus distributions, reinvested.
Annualized	−0.4%	+0.6%	UBND	Total return as a yearly rate.
Price return	−20.5%	−16.4%	UBND	Price change alone, distributions left out.
Risk
Volatility	5.8%	5.7%	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	−19.7%	−16.3%	UBND	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.70	−0.56	UBND	Return above Treasury bills per unit of volatility.
Sortino	−0.93	−0.72	UBND	Return above Treasury bills per unit of downside deviation.
Calmar	−0.02	0.04	UBND	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 262 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, GTO and UBND hold 2% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

2% in common

Positions both hold · largest shared weight first GTO UBND

U.S. Treasury Notes/Bonds, due Feb 15, 2056 3.97% 0.76%

Subway Funding LLC, Series 2024-1A, Class A2I, due Jul 30, 2054 0.31% 0.22%

BX Commercial Mortgage Trust, Series 2026-CSMO, Class A, due Feb 15, 2043 0.52% 0.11%

Hudson Yards 2026-10HY Mortgage Trust, Series 2026-10HY, Class B, due Dec 10, 2039 0.17% 0.06%

Lightpath Fiber Issuer LLC, Series 2026-1A, Class B, due Mar 25, 2056 0.12% 0.06%

Jane Street Group / JSG Finance Inc., due May 1, 2033 0.09% 0.06%

Lightpath Fiber Issuer LLC, Series 2026-1A, Class A2, due Mar 25, 2056 0.16% 0.06%

Pershing Square Holdings, Ltd., due Oct 28, 2032 0.05% 0.15%

Ameriprise Financial, Inc., due Jun 15, 2036 0.11% 0.05%

Avilease Capital Ltd., due Jun 30, 2031 0.07% 0.04%

American Airlines 2026-1 Class A Pass Through Trust, Series A, due Nov 10, 2038 0.10% 0.04%

VB-S1 Issuer LLC, Series 2026-1A, Class C2, due Mar 15, 2056 0.10% 0.03%

Only in one fund ↓

Only in GTO

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

U.S. Treasury Notes/Bonds, due Jun 30, 2031 3.85%

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

U.S. Treasury Notes/Bonds, due Jul 15, 2029 3.07%

Government National Mortgage Association, TBA, due Aug 1, 2026 2.11%

Uniform Mortgage-Backed Securities, TBA, due Aug 1, 2056 1.87%

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

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

Only in UBND

U S TREASURY BONDS, due Nov 15, 2039 2.23%

U S TREASURY BOND, due May 15, 2037 1.85%

U S TREASURY NOTE, due May 15, 2033 1.43%

U S TREASURY NOTE, due Feb 15, 2036 1.19%

U S TREASURY BONDS, due Feb 15, 2036 1.07%

U S TREASURY NOTE, due May 15, 2035 1.01%

U S TREASURY NOTE, due Aug 15, 2035 0.90%

FEDERAL NATIONAL MORTGAGE ASSOCIATION, due Nov 1, 2055 0.89%

Check overlap with more funds →

Side by side

GTO Invesco Total Return Bond ETF UBND VictoryShares Core Plus Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Invesco VictoryShares

What it is Actively managed Actively managed

Total return, 1 year −1.4% −1.0%

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% 0.40%

Holdings 1900 1529

Net assets, GTO as of Oct 27, 2026 and UBND as of Jun 30, 2026 $2.6bn $1.9bn

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

Client brief · page 1 of 2 Report BR-CCFF0C3381

GTO and UBND 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 Jun 30, 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 UBND −1.0% with distributions reinvested, a gap of 0.4 points.

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.

UBND

UBND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested. The prospectus expense ratio is 0.40% a year.

Questions people ask

Which returned more over the last year, GTO or UBND?: In the year to Oct 28, 2026, with distributions reinvested, GTO returned −1.4% and UBND −1.0%.
Which is cheaper, GTO or UBND?: GTO is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

GTO vs VPLS GTO vs HTRB GTO vs SYSB GTO vs SMTH HTRB vs UBND UBND vs VPLS PTRB vs UBND BOND vs UBND

Where to next

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

Sources and dates

GTO filings on SEC EDGAR ↗

GTO prospectus with the expense ratio (SEC) ↗

Invesco page for GTO ↗

UBND filings on SEC EDGAR ↗

UBND prospectus with the expense ratio (SEC) ↗

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 UBND, data as of Oct 28, 2026. https://etfiq.com/compare/any/gto-vs-ubnd

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