Correlation
The correlation between PBTP and FXAIX is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
PBTP vs. FXAIX
Compare and contrast key facts about Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) and Fidelity 500 Index Fund (FXAIX).
PBTP is a passively managed fund by Invesco that tracks the performance of the ICE BofA U.S. Treasuries Inflation-Linked (0-5 Y). It was launched on Sep 22, 2017. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBTP or FXAIX.
Performance
PBTP vs. FXAIX - Performance Comparison
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Key characteristics
PBTP:
3.21
FXAIX:
0.75
PBTP:
4.90
FXAIX:
1.07
PBTP:
1.70
FXAIX:
1.15
PBTP:
6.72
FXAIX:
0.72
PBTP:
20.04
FXAIX:
2.73
PBTP:
0.35%
FXAIX:
4.85%
PBTP:
2.15%
FXAIX:
19.78%
PBTP:
-5.42%
FXAIX:
-33.79%
PBTP:
-0.34%
FXAIX:
-3.14%
Returns By Period
In the year-to-date period, PBTP achieves a 3.58% return, which is significantly higher than FXAIX's 1.34% return.
PBTP
3.58%
-0.13%
3.44%
6.71%
3.25%
3.76%
N/A
FXAIX
1.34%
5.62%
-1.07%
13.84%
14.51%
16.00%
12.68%
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PBTP vs. FXAIX - Expense Ratio Comparison
PBTP has a 0.07% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
PBTP vs. FXAIX — Risk-Adjusted Performance Rank
PBTP
FXAIX
PBTP vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) and Fidelity 500 Index Fund (FXAIX). 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.
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Dividends
PBTP vs. FXAIX - Dividend Comparison
PBTP's dividend yield for the trailing twelve months is around 3.20%, more than FXAIX's 1.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 3.20% | 2.59% | 2.36% | 5.33% | 3.12% | 1.26% | 2.12% | 2.33% | 0.73% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.55% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.08% |
Drawdowns
PBTP vs. FXAIX - Drawdown Comparison
The maximum PBTP drawdown since its inception was -5.42%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for PBTP and FXAIX.
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Volatility
PBTP vs. FXAIX - Volatility Comparison
The current volatility for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) is 0.82%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.77%. This indicates that PBTP experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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