PBTP vs. SCHP
Compare and contrast key facts about Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) and Schwab U.S. TIPS ETF (SCHP).
PBTP and SCHP 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. SCHP is a passively managed fund by Charles Schwab that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Aug 5, 2010. Both PBTP and SCHP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBTP or SCHP.
Correlation
The correlation between PBTP and SCHP is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PBTP vs. SCHP - Performance Comparison
Key characteristics
PBTP:
3.58
SCHP:
1.19
PBTP:
5.77
SCHP:
1.69
PBTP:
1.75
SCHP:
1.21
PBTP:
7.68
SCHP:
0.48
PBTP:
22.98
SCHP:
3.39
PBTP:
0.27%
SCHP:
1.53%
PBTP:
1.75%
SCHP:
4.36%
PBTP:
-5.42%
SCHP:
-14.26%
PBTP:
0.00%
SCHP:
-5.55%
Returns By Period
In the year-to-date period, PBTP achieves a 1.44% return, which is significantly lower than SCHP's 1.90% return.
PBTP
1.44%
0.92%
2.65%
6.17%
3.49%
N/A
SCHP
1.90%
1.35%
0.58%
5.30%
1.72%
2.32%
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PBTP vs. SCHP - Expense Ratio Comparison
PBTP has a 0.07% expense ratio, which is higher than SCHP's 0.05% 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. SCHP — Risk-Adjusted Performance Rank
PBTP
SCHP
PBTP vs. SCHP - 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 Schwab U.S. TIPS ETF (SCHP). 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. SCHP - Dividend Comparison
PBTP's dividend yield for the trailing twelve months is around 2.56%, less than SCHP's 2.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 2.56% | 2.59% | 2.36% | 5.33% | 3.12% | 1.26% | 2.12% | 2.33% | 0.73% | 0.00% | 0.00% | 0.00% |
SCHP Schwab U.S. TIPS ETF | 2.93% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.63% | 1.90% | 1.38% | 0.28% | 1.30% |
Drawdowns
PBTP vs. SCHP - Drawdown Comparison
The maximum PBTP drawdown since its inception was -5.42%, smaller than the maximum SCHP drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for PBTP and SCHP. For additional features, visit the drawdowns tool.
Volatility
PBTP vs. SCHP - Volatility Comparison
The current volatility for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) is 0.43%, while Schwab U.S. TIPS ETF (SCHP) has a volatility of 1.18%. This indicates that PBTP experiences smaller price fluctuations and is considered to be less risky than SCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.