- ISIN
- US73937B2410
- CUSIP
- 46138E495
- Issuer
- Invesco
- Inception Date
- Sep 22, 2017
- Region
- North America (U.S.)
- Category
- Inflation-Protected Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE BofA U.S. Treasuries Inflation-Linked (0-5 Y)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $71M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
PBTP Performance Chart
Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) is up 1.4% since the beginning of the year. PBTP is currently trading at $26 per share. Investors who bought $1,000 worth of PBTP shares 5 years ago would now be looking at an investment worth $1,172.
Loading charts...
Returns By Period
Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) has returned 1.42% so far this year and 3.62% over the past 12 months.
Invesco PureBeta 0-5 Yr US TIPS ETF
- 1D
- -0.18%
- 1M
- -0.30%
- YTD
- 1.42%
- 6M
- 1.44%
- 1Y
- 3.62%
- 3Y*
- 4.97%
- 5Y*
- 3.22%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PBTP Monthly Returns History
Based on dividend-adjusted daily data since Sep 22, 2017, PBTP's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.
Historically, 69% of months were positive and 31% were negative. The best month was Mar 2023 with a return of +2.0%, while the worst month was Sep 2022 at -2.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PBTP closed higher 47% of trading days. The best single day was Mar 20, 2020 with a return of +1.3%, while the worst single day was Mar 16, 2020 at -1.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.64% | 0.31% | 0.10% | 0.90% | 0.15% | -0.67% | 1.42% | ||||||
| 2025 | 0.98% | 1.17% | 0.84% | 0.88% | -0.34% | 0.47% | 0.28% | 1.38% | -0.12% | 0.08% | 0.23% | 0.00% | 5.98% |
| 2024 | 0.50% | -0.18% | 0.50% | -0.06% | 0.89% | 0.63% | 0.85% | 0.64% | 0.94% | -0.48% | 0.53% | -0.13% | 4.72% |
| 2023 | 0.71% | -0.33% | 1.96% | 0.06% | -0.62% | -0.14% | 0.33% | 0.28% | -0.25% | 0.41% | 1.02% | 1.03% | 4.53% |
| 2022 | -0.66% | 1.10% | -0.85% | -0.10% | 0.45% | -1.51% | 1.87% | -1.54% | -2.91% | 0.94% | 0.61% | -0.37% | -3.02% |
| 2021 | 0.57% | 0.08% | 0.48% | 0.99% | 0.72% | 0.03% | 1.36% | 0.02% | -0.05% | 0.68% | 0.17% | 0.33% | 5.51% |
Benchmark Metrics
Invesco PureBeta 0-5 Yr US TIPS ETF has an annualized alpha of 2.98%, beta of 0.03, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since September 22, 2017.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (10.08%) than losses (2.88%) - typical of diversified or defensive assets.
- Beta of 0.03 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.98%
- Beta
- 0.03
- R²
- 0.03
- Upside Capture
- 10.08%
- Downside Capture
- 2.88%
Expense Ratio
PBTP has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
PBTP ranks 82 for risk / return — in the top 82% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PBTP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.98 | 2.78 | +2.20 |
| Martin ratioReturn relative to average drawdown | 17.63 | 12.44 | +5.19 |
Dividends
Dividend History
Invesco PureBeta 0-5 Yr US TIPS ETF provided a 5.86% dividend yield over the last twelve months, with an annual payout of $1.50 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.50 | $0.99 | $0.66 | $0.59 | $1.30 | $0.83 | $0.32 | $0.53 | $0.57 | $0.18 |
Dividend yield | 5.86% | 3.82% | 2.59% | 2.36% | 5.33% | 3.12% | 1.25% | 2.12% | 2.33% | 0.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco PureBeta 0-5 Yr US TIPS ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.68 | $0.71 | ||||||
| 2025 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.30 | $0.99 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.66 |
| 2023 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.13 | $0.59 |
| 2022 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.26 | $1.30 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.35 | $0.83 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco PureBeta 0-5 Yr US TIPS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco PureBeta 0-5 Yr US TIPS ETF was 5.44%, occurring on Sep 30, 2022. Recovery took 303 trading sessions.
The current Invesco PureBeta 0-5 Yr US TIPS ETF drawdown is 0.73%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -5.44%Sep 2022 | 6mo 20d | 1y 2mo | 1y 9moMar 2022 - Dec 2023 |
COVID crash2020 | -5.35%Mar 2020 | 12d | 2mo 22d | 3mo 4dMar 2020 - Jun 2020 |
Bear market2022 | -2.18%Feb 2022 | 2mo 24d | 19d | 3mo 13dNov 2021 - Mar 2022 |
Rate-hike selloffLate 2018 | -1.04%Dec 2018 | 25d | 1mo 21d | 2mo 16dNov 2018 - Jan 2019 |
2025 selloff2025 | -1.03%May 2025 | 11d | 1mo 15d | 1mo 26dMay 2025 - Jun 2025 |
Drawdown Indicators
| PBTP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.44% | -56.78% | +51.34% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | -9.10% | +8.37% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -18.90% | +17.87% |
Max Drawdown (5Y)Largest decline over 5 years | -5.44% | -25.43% | +19.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.73% | -1.80% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -10.71% | +9.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 2.03% | -1.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with PBTP
Add Invesco PureBeta 0-5 Yr US TIPS ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with PBTP