Invesco High Yield Systematic Bond ETF (GTOQ) Performance
GTOQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.0% since Dec 31, 2025
- 1 year
- +1.2% total return
- 5 years
- +3.3% a year
- Since first price
- +3.7% a year since 2020
GTOQ trailing returns vs AGG, TLT, SPY
| Period | GTOQ total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −1.4% | −2.0% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.4% | −3.2% | −0.4% | −1.0% | +3.2% |
| 6 months | −0.9% | −4.3% | −1.5% | −3.8% | +7.8% |
| YTD | −0.0% | −5.6% | −1.0% | −3.4% | +12.3% |
| 1 year | +1.2% | −5.6% | −1.1% | −6.9% | +14.4% |
| 3 years | +27.1%+8.3%/yr | +2.7% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +17.8%+3.3%/yr | −16.2% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionDec 3, 2020 | +23.9%+3.7%/yr | −15.1% | — | — | — |
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: GTOQ vs AGG
From Dec 3, 2020: GTOQ grew to $12,387, AGG to $9,742.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GTOQ returns by calendar year
4 of 5 full years positive. Best 2023 (+14.2%), worst 2022 (−12.2%). 2026 is year to date.
GTOQ annual returns table
| Year | GTOQ | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.0% | −3.5% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.0% | −5.3% | +7.2% | +4.3% | +17.7% |
| 2024 | +8.1% | −2.0% | +1.3% | −8.1% | +24.9% |
| 2023 | +14.2% | −4.2% | +5.7% | +2.8% | +26.2% |
| 2022 | −12.2% | −15.6% | −13.0% | −31.2% | −18.2% |
| 2021 | +5.4% | −2.3% | −1.8% | −4.6% | +28.7% |
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.
GTOQ largest drawdowns
Now 3.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 21, 2021 | −16.0% | Sep 30, 2022 | Dec 27, 2023 | 1.0 years | 2.3 years |
| Feb 28, 2025 | −5.3% | Apr 8, 2025 | Jun 3, 2025 | 39 days | 3 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
GTOQ risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +7.8% | +3.4% | +3.8% |
| Volatility (annualized) | 5.1% | 7.2% | 6.8% |
| Sharpe ratio | 0.65 | -0.00 | 0.12 |
| Sortino ratio | 1.10 | -0.00 | 0.17 |
| Best month | +4.7% | +5.4% | +5.4% |
| Worst month | −2.7% | −6.4% | −6.4% |
| Best 12 months | +15.9% | +15.9% | +15.9% |
| Worst 12 months | +1.4% | −15.3% | −15.3% |
| Positive months | 67% | 57% | 61% |
| Beta vs S&P 500 | 0.32 | 0.39 | — |
| Correlation with S&P 500 | 0.77 | 0.85 | — |
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.
GTOQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 59 | −15.3% | +7.4% | +15.9% | 75% |
| 3-year (a year) | 35 | +0.9% | +6.3% | +11.2% | 100% |
| 5-year (a year) | 11 | +3.4% | +3.9% | +4.3% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
GTOQ performance overview
Invesco High Yield Systematic Bond ETF (GTOQ) returned +1.2% over the past year and +3.3% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +3.7% a year, turning $10,000 into about $12,387. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −16.0%, from Sep 21, 2021 to Sep 30, 2022, and it took 1.2 years to get back to the old high. GTOQ finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+14.2%) and the worst 2022 (−12.2%). Volatility has been 6.8% a year.
Related: GTOQ chart, GTOQ dividends, GTOQ bond profile. See the GTOQ overview for the latest quote and fund facts.
GTOQ performance FAQ
What is the GTOQ return over the past year?
GTOQ returned +1.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.6%.
What is the average annual return of GTOQ?
GTOQ has returned +3.3% a year over 5 years, +3.7% a year since December 3, 2020 (total return, distributions reinvested).
How much would $10,000 invested in GTOQ be worth?
$10,000 invested in GTOQ at its first recorded close on December 3, 2020 would be worth about $12,387 on October 23, 2026 with distributions reinvested.
What was the worst year for GTOQ?
The worst calendar year was 2022, with a total return of −12.2%. The best was 2023 at +14.2%.
What is the biggest drawdown of GTOQ?
The largest peak-to-trough decline was −16.0% between September 21, 2021 and September 30, 2022. It recovered to the old high on December 27, 2023, 1.2 years after the bottom.
How volatile is GTOQ?
Over the past 3 years GTOQ had an annualized volatility of 5.1% and a Sharpe ratio of 0.65 (excess return over 1–3 month T-bills per unit of risk).