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.
Key characteristics
| PBTP | FXAIX | |
|---|---|---|
| YTD Return | 1.54% | 11.87% |
| 1Y Return | 3.83% | 31.17% |
| 3Y Return (Ann) | 1.84% | 10.05% |
| 5Y Return (Ann) | 3.14% | 15.09% |
| Sharpe Ratio | 1.48 | 2.61 |
| Daily Std Dev | 2.51% | 11.62% |
| Max Drawdown | -5.42% | -33.79% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PBTP and FXAIX is 0.16, 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.
Performance
PBTP vs. FXAIX - Performance Comparison
In the year-to-date period, PBTP achieves a 1.54% return, which is significantly lower than FXAIX's 11.87% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
PBTP vs. FXAIX - Dividend Comparison
PBTP's dividend yield for the trailing twelve months is around 2.42%, more than FXAIX's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 2.42% | 2.36% | 5.31% | 3.09% | 1.26% | 2.12% | 2.33% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.31% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
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. For additional features, visit the drawdowns tool.
Volatility
PBTP vs. FXAIX - Volatility Comparison
The current volatility for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) is 0.48%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.48%. 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.