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SPHY vs GTOQ

State Street SPDR Portfolio High Yield Bond ETF vs Invesco High Yield Systematic Bond ETF

SPHY

State Street SPDR Portfolio High Yield Bond ETF

Annual cost

0.05%

Fund size

$11.1B

GTOQ

Invesco High Yield Systematic Bond ETF

Annual cost

0.39%

Fund size

$165M

Key differences

Both SPHY and GTOQ are fixed income ETFs. SPHY charges 0.05% a year and GTOQ 0.39%. The main difference: SPHY follows a index tracking strategy; GTOQ uses multi strategy.

  • SPHY follows a index tracking strategy; GTOQ uses multi strategy.
  • SPHY costs 0.34% less per year.
  • SPHY is much larger than GTOQ. Larger funds are usually more liquid and less likely to close.
  • SPHY has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

SPHYGTOQ
Annual cost (TER)0.05%0.39%
Fund size (AUM)$11.1B$165M
Since20122020
Dividend yield7.25%6.80%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingmulti strategy
CAGR 1Y+6.8%+6.8%
CAGR 3Y+8.9%+8.8%
CAGR 5Y+4.4%+3.9%
Sharpe 3Y1.001.04
Volatility 1Y3.69%3.63%
Max drawdown-21.97%-15.96%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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