GTOC vs SCHZ: Grades, Fees and Holdings Compared

Invesco Core Fixed Income ETF

GTOCBCboe

Schwab U.S. Aggregate Bond ETF

SCHZANYSE Arca

Overlap

No data

Expense ratio

SCHZ −0.25pt a year

GTOC0.28%SCHZ0.03%

Avg volume · 30D

SCHZ 65.6×the volume

GTOC36.1KSCHZ2.37M

GTOC vs SCHZ Performance

Oct 31, 2025 – Oct 30, 2026

−0.3%GTOC−0.2%SCHZ

Expense ratio: GTOC 0.28%; SCHZ 0.03%, better
Fund size: GTOC $350M; SCHZ $10.8B
1Y total return: GTOC −0.3%; SCHZ −0.2%, better
Yield (12M): GTOC 4.62%, better; SCHZ 4.27%
Holdings: GTOC 974; SCHZ 12610
Avg volume (30D): GTOC 36.1K sh; SCHZ 2.37M sh, better
NAV per share: GTOC $24.31; SCHZ $22.54
52W range

ETF.net Grade

Pillar letters and Scores for GTOC, SCHZ, with each pillar’s weight
Pillar	GTOC	SCHZ
Cost30% weight	B59	A97Higher
Mission25% weight	A100	A100
Risk15% weight	C47	C47
Tradability15% weight	B56	A85Higher
Holdings10% weight	C44	A78Higher
Durability5% weight	C44	A88Higher

Rank among US Aggregate Bond funds

How we build Categories ›

Same Category. GTOC and SCHZ are both graded against the same 114 US Aggregate Bond funds, so their Grades compare head to head.

US Aggregate Bond⁠

Category · 114 funds

See all 114 ›

SCHZ ranks 2nd and GTOC 46th of 114 funds in the US Aggregate Bond Category.

Rank 1AAGGiShares Core U.S. Aggregate Bond ETFScore 87
Rank 2AIUSBiShares Core Universal USD Bond ETFScore 86
Rank 2ASCHZSchwab U.S. Aggregate Bond ETFScore 86
Rank 2ASPABState Street SPDR Portfolio Aggregate Bond ETFScore 86
Rank 46BBLSTBluemonte Short Term Bond ETFScore 64
Rank 46BGTOCInvesco Core Fixed Income ETFScore 64
Rank 46BHCRBHartford Core Bond ETFScore 64

Our read on each fund

ETF.net Research

GTOCBInvesco Core Fixed Income ETF

SCHZASchwab U.S. Aggregate Bond ETF

In short

GTOC No data

SCHZ Schwab's core bond holding: the broad U.S. investment-grade bond market, over 10,000 issues deep, for 0.03% a year. That is the floor of a category whose median fee is more than ten times higher. Running since 2011, pays monthly.

Stated mandate

GTOC No data

SCHZ The fund seeks to track the total return of an index representing the broad U.S. investment-grade bond market.

Why people hold it

GTOC No data

SCHZ 0.03% a year sits at the category floor, against a cohort median of 0.36%. Only a short list of aggregate-bond funds matches it, including AGG, BND and SPAB.
Tracks the Bloomberg US Aggregate Bond Index tightly, one of the cleanest index implementations among the 187 funds in its peer group.schwabassetmanagement.com
One ticker, thousands of investment-grade U.S. bonds, income paid monthly. The plumbing of a bond portfolio without buying a single bond yourself.
Live since 2011 and now a multi-billion-dollar fund that trades actively, so trading costs on ordinary retail-sized orders tend to be minor.

Worth knowing

GTOC No data

SCHZ This is duration exposure, not a cash substitute. Interest-rate moves, not credit selection, drive most of the ride, and that is the weakest part of its risk profile.
Investment grade and U.S. only: no high-yield, no foreign bonds. Funds like BNDX cover the international side of the cohort.
The aggregate-bond aisle is commoditized. Against AGG, BND and SPAB at the same 0.03%, the differences come down to index variant and where you already custody, not fee.

Full GTOC profile⁠

Full SCHZ profile⁠

GTOC vs SCHZ Holdings

How GTOC and SCHZ differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile90.5%
Asset classFixed Income100%

Sector

No Sector split for SCHZ.

Country, concentration and asset class

Country by domicile

Country weights in GTOC and SCHZ, widest gap first
Country	More in GTOCMore in SCHZ	GTOC	SCHZ
United States	SCHZ +7.2 points	87.1%	94.3%
Cayman Islands	GTOC +4.6 points	4.9%	0.3%
Japan	GTOC +1.8 points	2.3%	0.5%
United Kingdom	GTOC +1.2 points	2.0%	0.8%
Switzerland	GTOC +0.6 points	0.6%	0.0%
Netherlands	GTOC +0.5 points	0.7%	0.2%
Other countries (25)	SCHZ +1.4 points	2.5%	3.9%

Concentration

Weight in the 10 largest Holdings

GTOC33.5%
SCHZ4.8%

Securities held

GTOC970
SCHZ12,608

Asset class

GTOC: Fixed Income
SCHZ: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. GTOC holds 970 securities, SCHZ 12,608.

All 977 GTOC holdings⁠All 12,611 SCHZ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GTOC vs SCHZ Cost

Overpaying GTOC vs SCHZ

$5,117

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

GTOC 0.28%
$5,755
SCHZ 0.03%
$638

Amount$10,000

Years30 years

Cost over time

GTOC 0.28%
SCHZ 0.03%
Overpaying

Year by year

Year	GTOC	SCHZ	Overpaying
10	$509	$55	$454
20	$1,976	$216	$1,760
30	$5,755	$638	$5,117

Expense ratio

0.28%GTOC
0.03%SCHZ, cheaper

SCHZ0.03%GTOC0.28%

0.00%1.04%

Middle half of US Aggregate Bond funds
Median 0.34%

SCHZ 2nd cheapest of 114 funds

GTOC 46th cheapest of 114 funds

GTOC vs SCHZ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GTOC 4.62%, better; SCHZ 4.27%
Payout (12M): GTOC $1.12; SCHZ $0.96
Last payment: GTOC $0.11; SCHZ $0.08
Ex-dividend: GTOC Oct 19, 2026; SCHZ Oct 1, 2026
Paid on: GTOC Oct 23, 2026; SCHZ Oct 7, 2026
Frequency: GTOC Monthly; SCHZ Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GTOCMonthly · 15 paymentsAll GTOC payments⁠

SCHZMonthly · 45 paymentsAll SCHZ payments⁠

GTOC vs SCHZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GTOC 4.4%since Aug 2025SCHZ 5.6%
Return per unit of riskSharpe ratio, 3 years: GTOC −0.38since Aug 2025SCHZ 0.17
Worst fallMax drawdown, 5 years: GTOC −4.6%since Jul 2025SCHZ −17.5%
Market sensitivityBeta, 5 years: GTOC 0.09SCHZ 0.99; Market = 1

GTOC and SCHZ in the news

All news⁠

Best ETFs
Best bond ETFs: LQD, HYG and TLT cost more than the funds beside them
Updated Oct 2, 2026SCHZ

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GTOC vs SCHZ

In short

Stated mandate

Why people hold it

Worth knowing

How GTOC and SCHZ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best bond ETFs: LQD, HYG and TLT cost more than the funds beside them

How GTOC and SCHZ differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings