Invesco Total Return Bond ETF (GTO) Performance
GTO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.2% since Dec 31, 2025
- 1 year
- −1.1% total return
- 5 years
- −0.3% a year
- 10 years
- +2.4% a year
- Since first price
- +2.8% a year since 2016
GTO trailing returns vs AGG, TLT, SPY
| Period | GTO total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.3% | −0.2% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.0% | −2.2% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.9% | −4.3% | −1.5% | −3.8% | +7.8% |
| YTD | −1.2% | −5.0% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.1% | −5.8% | −1.1% | −6.9% | +14.4% |
| 3 years | +18.5%+5.8%/yr | +3.1% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −1.6%−0.3%/yr | −20.2% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +27.0%+2.4%/yr | −13.9% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionFeb 10, 2016 | +34.7%+2.8%/yr | −10.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GTO vs AGG
From Feb 10, 2016: GTO grew to $13,470, AGG to $11,772.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GTO returns by calendar year
6 of 9 full years positive. Best 2019 (+11.7%), worst 2022 (−14.8%). 2026 is year to date.
GTO annual returns table
| Year | GTO | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −1.2% | −4.5% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.2% | −2.9% | +7.2% | +4.3% | +17.7% |
| 2024 | +2.6% | −3.6% | +1.3% | −8.1% | +24.9% |
| 2023 | +6.0% | −8.1% | +5.7% | +2.8% | +26.2% |
| 2022 | −14.8% | −18.6% | −13.0% | −31.2% | −18.2% |
| 2021 | −0.4% | −3.0% | −1.8% | −4.6% | +28.7% |
| 2020 | +10.9% | −11.3% | +7.5% | +18.2% | +18.3% |
| 2019 | +11.7% | −2.3% | +8.5% | +14.1% | +31.2% |
| 2018 | −0.3% | −3.6% | +0.1% | −1.6% | −4.6% |
| 2017 | +7.4% | −1.0% | +3.6% | +9.2% | +21.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GTO largest drawdowns
Now 3.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 14, 2021 | −20.6% | Oct 24, 2022 | not yet | 1.1 years | 5.1 years so far |
| Mar 6, 2020 | −11.3% | Mar 18, 2020 | Jun 4, 2020 | 12 days | 3 months |
| Feb 16, 2016 | −5.4% | Mar 18, 2016 | Jul 25, 2016 | 31 days | 5 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
GTO risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2016 |
|---|---|---|---|---|
| Annualized return | +4.7% | −0.7% | +2.3% | +2.7% |
| Volatility (annualized) | 5.7% | 7.0% | 5.9% | 5.8% |
| Sharpe ratio | 0.07 | -0.59 | 0.02 | 0.12 |
| Sortino ratio | 0.10 | -0.75 | 0.03 | 0.16 |
| Best month | +5.0% | +5.0% | +5.0% | +5.0% |
| Worst month | −2.7% | −5.2% | −5.2% | −5.2% |
| Best 12 months | +13.1% | +13.1% | +13.1% | +13.1% |
| Worst 12 months | −1.6% | −18.7% | −18.7% | −18.7% |
| Positive months | 64% | 52% | 60% | 62% |
| Beta vs S&P 500 | 0.26 | 0.30 | 0.22 | — |
| Correlation with S&P 500 | 0.56 | 0.67 | 0.57 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GTO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 117 | −18.7% | +4.3% | +13.1% | 79% |
| 3-year (a year) | 93 | −5.5% | +4.4% | +7.8% | 66% |
| 5-year (a year) | 69 | −0.7% | +1.1% | +6.3% | 84% |
| 10-year (a year) | 9 | +2.3% | +2.9% | +3.3% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
GTO performance overview
Invesco Total Return Bond ETF (GTO) returned −1.1% over the past year and +2.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2016 it has returned +2.8% a year, turning $10,000 into about $13,470. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −20.6%, from Sep 14, 2021 to Oct 24, 2022; the fund has not yet regained that high. GTO finished 6 of its 9 full calendar years with a gain; the best year was 2019 (+11.7%) and the worst 2022 (−14.8%). Volatility has been 5.8% a year.
Related: GTO chart, GTO dividends, GTO bond profile. See the GTO overview for the latest quote and fund facts.
GTO performance FAQ
What is the GTO return over the past year?
GTO returned −1.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.8%.
What is the average annual return of GTO?
GTO has returned −0.3% a year over 5 years, +2.4% a year over 10 years, +2.8% a year since February 10, 2016 (total return, distributions reinvested).
How much would $10,000 invested in GTO be worth?
$10,000 invested in GTO at its first recorded close on February 10, 2016 would be worth about $13,470 on October 23, 2026 with distributions reinvested.
What was the worst year for GTO?
The worst calendar year was 2022, with a total return of −14.8%. The best was 2019 at +11.7%.
What is the biggest drawdown of GTO?
The largest peak-to-trough decline was −20.6% between September 14, 2021 and October 24, 2022. It has not yet recovered to that high; it is 3.4% below its peak.
How volatile is GTO?
Over the past 3 years GTO had an annualized volatility of 5.7% and a Sharpe ratio of 0.07 (excess return over 1–3 month T-bills per unit of risk).