GTO vs UITB
Invesco Total Return Bond ETF vs VictoryShares Core Intermediate Bond ETF
Which is better, GTO or UITB?
Each has led over a different period.
GTO led over 1Y and 3Y, UITB over 5Y and the full window. The two have moved almost in lockstep, correlation 0.96.
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 | UITB |
|---|---|---|
| Expense Ratio | 0.25%Tie | 0.25%Tie |
| AUM | $2.5B | $2.6B |
| Dividend Yield | 5.02% | 4.45% |
| Holdings | 1,857 | 2,449 |
| YTD Return | -1.99%Best | -2.61% |
| 1Y Return | -1.55%Best | -2.55% |
| 3Y Return (annualized) | +5.17%Best | +4.59% |
| 5Y Return (annualized) | -0.58% | -0.16%Best |
| Volatility (annualized) | 6.1% | 5.5%Best |
| Max Drawdown | -21.1% | -17.0%Best |
| $10,000 over 5 years | $9,713 | $9,920Best |
| Fund Family | Invesco (US) | Victory Capital Management Inc. |
| Category | Fixed Income | Fixed Income |
| Inception | Feb 10, 2016 | Oct 24, 2017 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Oct 26, 2017 to Oct 14, 2026 (9 years).
GTO vs UITB 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 9 years both funds cover.
GTO vs UITB Performance
Invesco Total Return Bond ETF (GTO) is an ETF from Invesco (US) and VictoryShares Core Intermediate Bond ETF (UITB) is an ETF from Victory Capital Management Inc.. Over the past year GTO returned -1.55% while UITB returned -2.55%. Year to date, GTO is down 1.99% versus a loss of 2.61% for UITB.
Over three years, GTO compounded at +5.17% per year against +4.59% for UITB; over five years the annualized figures are -0.58% and -0.16% respectively. Across the full 9-year window we track, UITB has the edge at +0.81% annualized vs +0.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GTO has been the more volatile fund, with annualized monthly volatility of 6.1% compared with 5.5% for UITB. 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 -17.0% for UITB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. 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 UITB charges 0.25%. On a $10,000 position that is $25 vs $25 annually. On income, GTO currently yields 5.02% against 4.45% for UITB.
Holdings Overlap
We hold position weights for 522 holdings in GTO and 831 in UITB, totalling 35.6% and 66.0% 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, 15 positions appear in both.
15 positions in common, counted across the 522 positions we hold weights for in GTO and 831 in UITB, against full books of 1,857 and 2,449.
Top Shared Holdings
| Stock | Weight in GTO | Weight in UITB | Difference |
|---|---|---|---|
| MILE 2025-STNE AMile Trust 2025-Stne 5.86% 07/15/2042 | 0.15% | 0.08% | 0.07% |
| ALA 2025-OANA BAla_25-Oana B 144A 6.18% Jun 15, 2040 | 0.13% | 0.08% | 0.05% |
| BK V3.75 PERP IBank Of New York Mellon Corp/The 3.750000% Maturity: Perpetual Callable 12/20/2026 At 100.0000 | 0.10% | 0.04% | 0.06% |
| MUFG V5.017 07/20/28Mitsubishi Ufj Financial Group, Inc. | 0.02% | 0.06% | 0.04% |
| UAL 5.45 02/15/37 AAUnited Airlines 2024-1 Class Aa Pass Through Trust 02/15/2037 | 0.00% | 0.08% | 0.08% |
| WEIRLN 5.35 05/06/30Weir Grou 5.35% 05/06/30 | 0.02% | 0.05% | 0.03% |
| EFF 2024-2 A4Eff 24-2 A4 144A 5.69% 12-20-30/01-20-28 | 0.02% | 0.04% | 0.02% |
| HERTZ 2021-2A AHertz Vehicle Ficing Iii Lp Series 2021-2A Cl. A 1.68% 12/27/2027 | 0.04% | 0.02% | 0.02% |
| LDOS 5.75 03/15/33Leidos Inc 5.75 3/15/2033 | 0.00% | 0.05% | 0.05% |
| BAC V4.375 PERP RRBank of America Corp Regd V/R /Perp/ Ser Rr 4.37500000 | 0.00% | 0.04% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of GTO and UITB 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 UITB?
GTO has an expense ratio of 0.25% while UITB charges 0.25%. At the precision these are quoted to, they cost the same.
Which performed better, GTO or UITB?
Over the past year GTO returned -1.55% vs -2.55% for UITB, so GTO leads on 1-year performance. Over the longest common window we track (9 years), GTO annualized +0.66% vs +0.81% for UITB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GTO or UITB?
GTO has been the more volatile fund at 6.1% annualized versus 5.5% for UITB. Worst drawdown: GTO -21.1% vs UITB -17.0%.
Should I hold both GTO and UITB?
GTO and UITB have a monthly-return correlation of 0.96, 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 UITB?
GTO yields 5.02% while UITB yields 4.45%, so GTO currently pays the higher dividend yield.
Is UITB better than GTO?
GTO led over 1Y and 3Y, UITB over 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.