PBTP vs. LDRI

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) and iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI).

PBTP and LDRI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. LDRI is a passively managed fund by iShares that tracks the performance of the BlackRock iBonds® 1-5 Year TIPS Ladder Index. It was launched on Nov 7, 2024. Both PBTP and LDRI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PBTP vs. LDRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) and iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI). The values are adjusted to include any dividend payments, if applicable.

PBTP vs. LDRI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF	1.05%	5.98%	0.16%
LDRI iShares iBonds 1-5 Year TIPS Ladder ETF	0.89%	5.94%	0.10%

Returns By Period

In the year-to-date period, PBTP achieves a 1.05% return, which is significantly higher than LDRI's 0.89% return.

PBTP

• 1D: 0.04%
• 1M: 0.10%
• YTD: 1.05%
• 6M: 1.35%
• 1Y: 3.94%
• 3Y*: 4.63%
• 5Y*: 3.45%
• 10Y*: —

LDRI

• 1D: 0.09%
• 1M: 0.12%
• YTD: 0.89%
• 6M: 1.40%
• 1Y: 3.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBTP vs. LDRI - Expense Ratio Comparison

PBTP has a 0.07% expense ratio, which is lower than LDRI's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

LDRI

iShares iBonds 1-5 Year TIPS Ladder ETF

PBTP

Invesco PureBeta 0-5 Yr US TIPS ETF

Return for Risk

PBTP vs. LDRI — Risk / Return Rank

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

PBTP

PBTP Risk / Return Rank: 93
PBTP Sharpe Ratio Rank: 91
PBTP Sortino Ratio Rank: 95
PBTP Omega Ratio Rank: 94
PBTP Calmar Ratio Rank: 95
PBTP Martin Ratio Rank: 92

LDRI

LDRI Risk / Return Rank: 89
LDRI Sharpe Ratio Rank: 83
LDRI Sortino Ratio Rank: 87
LDRI Omega Ratio Rank: 86
LDRI Calmar Ratio Rank: 96
LDRI Martin Ratio Rank: 93

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.

PBTP vs. LDRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) and iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI). 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.

	PBTP	LDRI	Difference
Sharpe ratio Return per unit of total volatility	2.01	1.65	+0.36
Sortino ratio Return per unit of downside risk	3.02	2.43	+0.59
Omega ratio Gain probability vs. loss probability	1.43	1.35	+0.08
Calmar ratio Return relative to maximum drawdown	3.91	4.62	-0.71
Martin ratio Return relative to average drawdown	12.96	13.57	-0.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBTP vs. LDRI - Sharpe Ratio Comparison

The current PBTP Sharpe Ratio is 2.01, which is comparable to the LDRI Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of PBTP and LDRI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PBTP	LDRI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.65	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	2.13	-0.86

Correlation

The correlation between PBTP and LDRI is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PBTP vs. LDRI - Dividend Comparison

PBTP's dividend yield for the trailing twelve months is around 3.14%, less than LDRI's 4.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF	3.14%	3.82%	2.59%	2.36%	5.33%	3.12%	1.25%	2.12%	2.33%	0.73%
LDRI iShares iBonds 1-5 Year TIPS Ladder ETF	4.19%	4.23%	0.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PBTP vs. LDRI - Drawdown Comparison

The maximum PBTP drawdown since its inception was -5.44%, which is greater than LDRI's maximum drawdown of -0.85%. Use the drawdown chart below to compare losses from any high point for PBTP and LDRI.

Drawdown Indicators

	PBTP	LDRI	Difference
Max Drawdown Largest peak-to-trough decline	-5.44%	-0.85%	-4.59%
Max Drawdown (1Y) Largest decline over 1 year	-1.03%	-0.85%	-0.18%
Max Drawdown (5Y) Largest decline over 5 years	-5.44%	—	—
Current Drawdown Current decline from peak	-0.24%	-0.20%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.77%	-0.21%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	0.29%	+0.02%

Volatility

PBTP vs. LDRI - Volatility Comparison

Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) and iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI) have volatilities of 0.56% and 0.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBTP	LDRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	0.58%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	1.05%	1.37%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	1.97%	2.24%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.86%	2.37%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.66%	2.37%	+0.29%