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GTOvsSMBSETF Comparison

ETF 1

GTO

Invesco Total Return Bond ETF

This fund is part of

Money Market Bonds

+0.02%

Full GTO fund page

VS

ETF 2

SMBS

Schwab Mortgage-Backed Securities ETF

This fund is part of

MBS & ABS

-0.1%

Full SMBS fund page

Invesco Total Return Bond ETF (GTO) belongs to the Money Market Bonds segment. Schwab Mortgage-Backed Securities ETF (SMBS) is part of the MBS & ABS segment. GTO's top 3 sector exposures are Finance, Sovereign and Industrials. In contrast, SMBS's top sector exposures are Industrials, Finance and Government Agencies. GTO is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.03% for SMBS. GTO is down -3.87% year-to-date (YTD) with +$673M in YTD flows. SMBS performs better with -0.79% YTD performance, and +$849M in YTD flows. Run a side-by-side ETF comparison of GTO and SMBS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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GTO vs SMBS performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	GTO SMBS	+0.32%+1.10%	-1.33%-0.59%	-3.87%-0.79%	-3.77%-0.32%	+15.33%n/a	-4.21%n/a
Flows	GTO SMBS	+$114M+$33M	+$214M+$93M	+$673M+$849M	+$761M+$1.11B	+$1.62B-	+$1.87B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	GTO SMBS	+4.43%+5.79%	+3.92%+4.46%	+4.74%n/a	+5.41%n/a
Max drawdown	GTO SMBS	-3.65%-4.24%	-6.36%-5.12%	-6.36%n/a	-19.94%n/a
Max drawdown duration	GTO SMBS	65d59d	248d236d	248dn/a	1809dn/a

Trading data

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	GTO	SMBS
Last sale 10/26/2026 at 1:30 PM	$45.08	$24.50
Previous close 10/23/2026	$45.03	$24.42
Consolidated volume 10/23/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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GTO

is actively managed and doesn’t replicate an index

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	GTO	SMBS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/26/2026 at 1:30 PM

Live

Closed

	GTO	SMBS
Last price	$45.08	$24.50
1D performance	+0.11%	+0.33%
AuM	$2.57 B	$6.41 B
E/R	0.35%	0.03%

Characteristics

	GTO	SMBS
Management strategy	Active	Passive
Provider	Invesco	Schwab ETFs
Benchmark	-	Bloomberg U.S. MBS Float Adjusted Index
N° of holdings	2245	430
Asset class	-	Bonds
Trailing 12m distribution yield	Join	Join
Inception date	February 10, 2016	November 19, 2024
ESG	No	No

More GTO data on Trackinsight

More SMBS data on Trackinsight

Exposure

Countries

GTO

USA

30.77%

Other

69.23%

SMBS

USA

33.79%

Other

66.21%

Sectors

GTO

Finance

11.93%

Sovereign

10.76%

Industrials

7.26%

Other

70.05%

SMBS

Industrials

33.23%

Other

66.77%

Diversification

GTO

Total weight of top 15 holdings out of 15

28.22%

SMBS

Total weight of top 15 holdings out of 15

5.8%

Top 15 holdings

Data as of August 31, 2026

GTO

US91282CRF04

5.23%

USA, Bonds 5% 15may2056, USD

3.57%

US21H0226975

3.11%

USA, Notes 4.375% 31jul2031, USD (AB-2031)

2.95%

US21H0206910

1.78%

US01F0306948

1.64%

US91282CRG86

1.53%

US01F0526982

1.40%

US01F0326904

1.24%

US01F0506927

1.20%

US01F0406938

1.07%

USA, Notes 4.375% 31jul2033, USD (N-2033)

0.97%

US912810UX45

0.86%

USA, Notes 4.25% 31jul2028, USD (BE-2028)

0.84%

US21H0306900

0.83%

SMBS

G2 MB0025, 5% 20nov2054, USD (ABS)

0.67%

US31427R6E50

0.59%

FR SD8469, 5.5% 1oct2054, USD (ABS)

0.48%

FR SD8193, 2% 1feb2052, USD (ABS)

0.40%

US31418DYX47

0.40%

FR SD8106, 2% 1nov2050, USD (ABS)

0.36%

US3618N6HU47

0.35%

FR RQ0110, 5% 1apr2056, USD (ABS)

0.34%

FR RQ0102, 5% 1mar2056, USD (ABS)

0.34%

US3132DWDC47

0.33%

FR SD7552, 2.5% 1jan2052, USD (ABS)

0.31%

US31418EQ948

0.31%

US3142J6BK85

0.30%

US3132DWAN39

0.30%

US3618N6NA19

0.30%

Frequently asked questions about GTO and SMBS

How have the GTO and SMBS ETFs performed in 2026?

As of October 23, 2026, GTO is down -3.87% year-to-date (YTD), while SMBS has lost -0.79%. That puts SMBS better performer ahead so far this year.

Which ETF is attracting more investor money: GTO or SMBS?

Year-to-date, the GTO ETF saw +$673M in flows, compared to +$849M for SMBS.

Which ETF is more volatile: GTO or SMBS?

Over the past year, GTO had a volatility of 3.92%, while SMBS experienced 4.46%.

Which ETF is bigger: GTO or SMBS?

As of October 23, 2026, GTO holds $2.57 B in assets under management (AUM), while SMBS manages $6.41 B.

What sectors do the GTO and SMBS ETFs invest in?

GTO leans toward sectors like Finance, Sovereign and Industrials. Meanwhile, SMBS focuses on Industrials.

What are the top holdings of the GTO ETF and SMBS ETF?

GTO top holdings include US91282CRF04, USA, Bonds 5% 15may2056, USD and US21H0226975. SMBS holds in its top three: G2 MB0025, 5% 20nov2054, USD (ABS), US31427R6E50 and FR SD8469, 5.5% 1oct2054, USD (ABS).

GTOvsSMBSETF Comparison

Invesco Total Return Bond ETF

Schwab Mortgage-Backed Securities ETF

GTO vs SMBS performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the GTO and SMBS ETFs performed in 2026?

As of October 23, 2026, GTO is down -3.87% year-to-date (YTD), while SMBS has lost -0.79%. That puts SMBS better performer ahead so far this year.

Which ETF is attracting more investor money: GTO or SMBS?

Year-to-date, the GTO ETF saw +$673M in flows, compared to +$849M for SMBS.

Which ETF is more volatile: GTO or SMBS?

Over the past year, GTO had a volatility of 3.92%, while SMBS experienced 4.46%.

Which ETF is bigger: GTO or SMBS?

As of October 23, 2026, GTO holds $2.57 B in assets under management (AUM), while SMBS manages $6.41 B.

What sectors do the GTO and SMBS ETFs invest in?

GTO leans toward sectors like Finance, Sovereign and Industrials. Meanwhile, SMBS focuses on Industrials.

What are the top holdings of the GTO ETF and SMBS ETF?

GTO top holdings include US91282CRF04, USA, Bonds 5% 15may2056, USD and US21H0226975. SMBS holds in its top three: G2 MB0025, 5% 20nov2054, USD (ABS), US31427R6E50 and FR SD8469, 5.5% 1oct2054, USD (ABS).

Which ETF is more diversified: GTO or SMBS?

GTO holds 2660 securities with 28.22% of its assets in the top 15. SMBS has 1965 securities and a top 15 weight of 5.8%.

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