GTOS vs SPY
GTOS vs SPY
Invesco Short Duration Total Return Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | GTOS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.09% | |
| AUM | $122M | $789.1B | |
| Dividend Yield | 4.55% | 1.01% | |
| Holdings | 1,047 | 505 | |
| YTD Return | -0.95% | +13.10% | |
| 1Y Return | +1.10% | +22.80% | |
| 3Y Return (annualized) | +4.50% | +20.98% | |
| 5Y Return (annualized) | - | +13.20% | |
| Volatility (annualized) | 1.9% | 15.3% | |
| Max Drawdown | -1.8% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 9, 2022 | Jan 22, 1993 |
GTOS vs SPY Performance
Invesco Short Duration Total Return Bond ETF (GTOS) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GTOS returned +1.10% while SPY returned +22.80%. Year to date, GTOS is down 0.95% versus a gain of 13.10% for SPY.
Over three years, GTOS compounded at +4.50% per year against +20.98% for SPY. Across the full 4-year window we track, SPY has the edge at +8.83% annualized vs +4.28%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 1.9% for GTOS. 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 -1.8% for GTOS and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GTOS charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, GTOS currently yields 4.55% against 1.01% for SPY.
Holdings Overlap
GTOS and SPY share 1 holdings out of 796 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GTOS | Weight in SPY | Difference |
|---|---|---|---|
| CNP | 0.05% | 0.04% | 0.01% |
Frequently Asked Questions
Which is cheaper, GTOS or SPY?
GTOS has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, GTOS or SPY?
Over the past year GTOS returned +1.10% vs +22.80% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), GTOS annualized +4.28% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, GTOS or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 1.9% for GTOS. Worst drawdown: GTOS -1.8% vs SPY -56.5%.
Should I hold both GTOS and SPY?
GTOS and SPY have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GTOS and SPY?
GTOS and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 796 unique securities.
Which pays a higher dividend, GTOS or SPY?
GTOS yields 4.55% while SPY yields 1.01%, so GTOS currently pays the higher dividend yield.
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