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IBIM vs. PBTP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IBIM vs. PBTP

Last updated Jun 30, 2026
See Documentation

IBIM (iShares iBonds Oct 2036 Term TIPS ETF) and PBTP (Invesco PureBeta 0-5 Yr US TIPS ETF) are both Inflation-Protected Bonds funds. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

IBIM vs. PBTP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2036 Term TIPS ETF (IBIM) and Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

IBIM

1D
0.36%
1M
0.14%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

PBTP

1D
0.06%
1M
-0.36%
YTD
1.74%
6M
1.69%
1Y
3.70%
3Y*
5.11%
5Y*
3.25%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IBIM vs. PBTP - Yearly Performance Comparison

2026 (YTD)
IBIM
iShares iBonds Oct 2036 Term TIPS ETF		1.94%
PBTP
Invesco PureBeta 0-5 Yr US TIPS ETF		1.09%

Correlation

The correlation between IBIM and PBTP is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since Mar 26, 2026

0.62

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iShares iBonds Oct 2036 Term TIPS ETF

Invesco PureBeta 0-5 Yr US TIPS ETF

Often compared with PBTP:
PBTP vs. VTIPPBTP vs. TIPPBTP vs. STIPPBTP vs. SPIPPBTP vs. SCHPPBTP vs. TMFPBTP vs. AAL.L

Return for Risk

IBIM vs. PBTP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IBIM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PBTP
PBTP Risk / Return Rank: 8888
Overall Rank
PBTP Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
PBTP Sortino Ratio Rank: 8989
Sortino Ratio Rank
PBTP Omega Ratio Rank: 8989
Omega Ratio Rank
PBTP Calmar Ratio Rank: 9191
Calmar Ratio Rank
PBTP Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBIM vs. PBTP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2036 Term TIPS ETF (IBIM) and Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

IBIMPBTPDifference
Sharpe ratioReturn per unit of total volatility

—

2.30

—

Sortino ratioReturn per unit of downside risk

—

3.53

—

Omega ratioGain probability vs. loss probability

—

1.48

—

Calmar ratioReturn relative to maximum drawdown

—

4.89

—

Martin ratioReturn relative to average drawdown

—

16.70

—

IBIM vs. PBTP - Sharpe Ratio Comparison

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Drawdowns

IBIM vs. PBTP - Drawdown Comparison

The maximum IBIM drawdown since its inception was -1.84%, smaller than the maximum PBTP drawdown of -5.44%. Use the drawdown chart below to compare losses from any high point for IBIM and PBTP.

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Drawdown Indicators

IBIMPBTPDifference

Max Drawdown

Largest peak-to-trough decline

-1.84%

-5.44%

+3.60%

Max Drawdown (1Y)

Largest decline over 1 year

—

-0.76%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-1.03%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-5.44%

—

Current Drawdown

Current decline from peak

-0.18%

-0.42%

+0.24%

Average Drawdown

Average peak-to-trough decline

-0.51%

-0.75%

+0.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

0.22%

—

Volatility

IBIM vs. PBTP - Volatility Comparison

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Volatility by Period

IBIMPBTPDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

0.63%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

1.18%

—

Volatility (1Y)

Calculated over the trailing 1-year period

4.85%

1.62%

+3.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.85%

2.85%

+2.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.85%

2.64%

+2.21%

Dividends

IBIM vs. PBTP - Dividend Comparison

IBIM has not paid dividends to shareholders, while PBTP's dividend yield for the trailing twelve months is around 4.81%.

PositionTTM202520242023202220212020201920182017
IBIM
iShares iBonds Oct 2036 Term TIPS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PBTP
Invesco PureBeta 0-5 Yr US TIPS ETF		4.81%3.82%2.59%2.36%5.33%3.12%1.25%2.12%2.33%0.73%

Frequently Asked Questions

IBIM and PBTP have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PBTP has the higher dividend yield at 4.81%, compared with 0.00% for IBIM.

They also come from different issuers: iShares and Invesco.

Portfolio Optimizer

Find the right allocation for IBIM and PBTP

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