GTO vs PFIG
Invesco Total Return Bond ETF vs Invesco Fundamental Investment Grade Corporate Bond ETF
Which is better, GTO or PFIG?
PFIG has been ahead.
PFIG has a lower expense ratio. PFIG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GTO | PFIG |
|---|---|---|
| Expense Ratio | 0.25% | 0.22%Best |
| AUM | $2.5B | $127M |
| Dividend Yield | 5.02% | 4.56% |
| Holdings | 1,857 | 1,635 |
| YTD Return | -1.99% | -1.43%Best |
| 1Y Return | -1.55% | -0.76%Best |
| 3Y Return (annualized) | +5.17% | +5.28%Best |
| 5Y Return (annualized) | -0.58% | +0.96%Best |
| Volatility (annualized) | 5.7% | 4.7%Best |
| Max Drawdown | -21.1% | -15.6%Best |
| $10,000 over 5 years | $9,713 | $10,489Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Fixed Income | Fixed Income |
| Inception | Feb 10, 2016 | Sep 15, 2011 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Feb 10, 2016 to Oct 14, 2026 (10.7 years).
GTO vs PFIG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10.7 years both funds cover.
GTO vs PFIG Performance
Invesco Total Return Bond ETF (GTO) is an ETF from Invesco (US) and Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) is an ETF from Invesco (US). Over the past year GTO returned -1.55% while PFIG returned -0.76%. Year to date, GTO is down 1.99% versus a loss of 1.43% for PFIG.
Over three years, GTO compounded at +5.17% per year against +5.28% for PFIG; over five years the annualized figures are -0.58% and +0.96% respectively. Across the full 11-year window we track, PFIG has the edge at +1.22% annualized vs +1.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GTO has been the more volatile fund, with annualized monthly volatility of 5.7% compared with 4.7% for PFIG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.1% for GTO and -15.6% for PFIG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GTO charges 0.25% per year while PFIG charges 0.22%. On a $10,000 position that is $25 vs $22 annually, a gap of $3 per year that compounds over a long holding period. On income, GTO currently yields 5.02% against 4.56% for PFIG.
Holdings Overlap
We hold position weights for 522 holdings in GTO and 707 in PFIG, totalling 35.6% and 89.5% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 29 positions appear in both.
29 positions in common, counted across the 522 positions we hold weights for in GTO and 707 in PFIG, against full books of 1,857 and 1,635.
Top Shared Holdings
| Stock | Weight in GTO | Weight in PFIG | Difference |
|---|---|---|---|
| AGPXXInvesco Government & Agency Portfolio, Institutional Class | 0.78% | 0.02% | 0.76% |
| BRKHEC 5.45 02/15/34Pacificorp 5.45% 15Feb2034 | 0.00% | 0.39% | 0.39% |
| ABBV 5.05 03/15/34Abbvie Inc Corporate Bonds | 0.00% | 0.26% | 0.26% |
| PEP 5 02/07/35Pepsico Inc 5% Feb 07, 2035 | 0.00% | 0.19% | 0.19% |
| RNR 5.75 06/05/33Renaissancere Holdings Ltd 5.75 06/05/2033 | 0.07% | 0.12% | 0.05% |
| DE 5.1 04/11/34 MTNJohn Deere Cap 5.1 2034-04-11 | 0.00% | 0.14% | 0.14% |
| AGCO 5.8 03/21/34Agco Corp 5.8% 03/21/2034 | 0.00% | 0.14% | 0.14% |
| AMP 5.7 12/15/28Ameriprise Financial Inc Sr Unsecured 12/28 5.7 | 0.00% | 0.12% | 0.12% |
| BA 6.528 05/01/34Boeing Co/The Corp. Note | 0.00% | 0.12% | 0.12% |
| GD 4.95 08/15/35General Dynamics Corporation 4.95% 08/15/2035 | 0.00% | 0.12% | 0.12% |
You are not choosing between two funds in isolation.
Whichever of GTO and PFIG you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GTO or PFIG?
GTO has an expense ratio of 0.25% while PFIG charges 0.22%. PFIG is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, GTO or PFIG?
Over the past year GTO returned -1.55% vs -0.76% for PFIG, so PFIG leads on 1-year performance. Over the longest common window we track (11 years), GTO annualized +1.02% vs +1.22% for PFIG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GTO or PFIG?
GTO has been the more volatile fund at 5.7% annualized versus 4.7% for PFIG. Worst drawdown: GTO -21.1% vs PFIG -15.6%.
Should I hold both GTO and PFIG?
GTO and PFIG have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, GTO or PFIG?
GTO yields 5.02% while PFIG yields 4.56%, so GTO currently pays the higher dividend yield.
Is PFIG better than GTO?
PFIG has a lower expense ratio. PFIG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.