Invesco High Yield Systematic Bond ETF
$21.59−0.06 (−0.28%)
- 0.39%
- $164M
- 7.16%
- 0M sh
- $21.63
- low $21.47high $22.83
The ETF.net GTOQ Grade
C
Score 52 out of 100
- 51 of 85
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B58 out of 100Rank 31 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 76 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 44 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A75 out of 100Rank 26 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B63 out of 100Rank 33 of 85
Our read on GTOQ
CA quant twist on junk bonds: GTOQ screens high-yield debt for value and low-volatility bonds instead of buying the index wholesale. Actively run, roughly 500 holdings, monthly payouts, at a fee near the middle of its category.
The Fund seeks total return through active investment in high-yield, below-investment-grade fixed-income securities. Its systematic factor strategy targets quantifiable characteristics such as value and low volatility.
Why people hold it
- Rules over hunches: a systematic factor process tilts the portfolio toward value and low-volatility high-yield bonds, per the fund's stated objective.
- 0.39% buys active management in a corner of the market where most competitors are passive index trackers; that sits around the middle of the category's fee range.
- Spreads credit risk across roughly 500 below-investment-grade bonds and pays income monthly.
Worth knowing
- The cheap index crowd (SCYB, SPHY, USHY) charges a small fraction of 0.39%, so the factor process starts each year with a cost hurdle to clear.
- Below-investment-grade credit is the whole point here: higher default risk, and prices that can drop quickly when credit spreads widen.
- Until February 2026 this was IHYF, the Invesco High Yield Bond Factor ETF; the rename also added portfolio managers, so older data may sit under the old ticker.sec.gov
GTOQ Holdings
- Bonds
- 453
- 8%
- USD Pending Dividends
GTOQ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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GTOQ$9,867
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GTOQ |
|---|---|
| Year to date | — |
| 1 month | −1.4% |
| 3 months | −1.3% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GTOQ |
|---|---|---|
| 2026 YTD | −0.1% |
GTOQ in the news
GTOQ Dividends
- 7.16%
- $1.55
- $0.14 per share
- Monthly
Distribution history
GTOQ Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.64
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GTOQ Cost
0.39%
GTOQ0.39%
- The middle half of US High Yield funds
- Median 0.43%
30 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- CIFLNInvesco Bloomberg Enhanced Fallen Angels ETFExpense ratio 0.23%1 year return —
- CFSYDFidelity Sustainable High Yield ETFExpense ratio 0.55%1 year return +3.6%
- CPSHPGIM Short Duration High Yield ETFExpense ratio 0.45%1 year return +3.2%
- CTHYFT. Rowe Price U.S. High Yield ETFExpense ratio 0.50%1 year return +3.3%
- CHYBLState Street Blackstone High Income ETFExpense ratio 0.70%1 year return +4.7%