PBTP vs. SOXQ
PBTP (Invesco PureBeta 0-5 Yr US TIPS ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - PBTP is a Inflation-Protected Bonds fund tracking the ICE BofA U.S. Treasuries Inflation-Linked (0-5 Y), while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 5 years, PBTP returned 3.23%/yr vs 34.04%/yr for SOXQ. At a 0.07 correlation, their price movements are largely independent. PBTP charges 0.07%/yr vs 0.19%/yr for SOXQ.
Performance
PBTP vs. SOXQ - Performance Comparison
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Returns By Period
In the year-to-date period, PBTP achieves a 1.39% return, which is significantly lower than SOXQ's 90.62% return.
PBTP
- 1D
- -0.03%
- 1M
- -0.33%
- YTD
- 1.39%
- 6M
- 1.53%
- 1Y
- 3.50%
- 3Y*
- 4.96%
- 5Y*
- 3.23%
- 10Y*
- —
SOXQ
- 1D
- -7.82%
- 1M
- 10.55%
- YTD
- 90.62%
- 6M
- 87.99%
- 1Y
- 158.27%
- 3Y*
- 57.61%
- 5Y*
- 34.04%
- 10Y*
- —
PBTP vs. SOXQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 1.39% | 5.98% | 4.72% | 4.53% | -3.02% | 2.52% |
SOXQ Invesco PHLX Semiconductor ETF | 90.62% | 43.11% | 20.16% | 66.74% | -35.59% | 25.19% |
Correlation
The correlation between PBTP and SOXQ is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021 | 0.07 |
The correlation between PBTP and SOXQ shifts across timeframes, from -0.06 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PBTP vs. SOXQ — Risk / Return Rank
PBTP
SOXQ
PBTP vs. SOXQ - 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 Invesco PHLX Semiconductor ETF (SOXQ). 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.
| PBTP | SOXQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.58 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 10.22 | -5.59 |
| Martin ratioReturn relative to average drawdown | 16.62 | 36.68 | -20.06 |
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Drawdowns
PBTP vs. SOXQ - Drawdown Comparison
The maximum PBTP drawdown since its inception was -5.44%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for PBTP and SOXQ.
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Drawdown Indicators
| PBTP | SOXQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.44% | -46.01% | +40.57% |
Max Drawdown (1Y)Largest decline over 1 year | -0.76% | -15.59% | +14.83% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -39.36% | +38.33% |
Max Drawdown (5Y)Largest decline over 5 years | -5.44% | -46.01% | +40.57% |
Current DrawdownCurrent decline from peak | -0.76% | -7.82% | +7.06% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -12.87% | +12.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 4.33% | -4.12% |
Volatility
PBTP vs. SOXQ - Volatility Comparison
The current volatility for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) is 0.63%, while Invesco PHLX Semiconductor ETF (SOXQ) has a volatility of 22.04%. This indicates that PBTP experiences smaller price fluctuations and is considered to be less risky than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBTP | SOXQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 22.04% | -21.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.17% | 32.49% | -31.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.62% | 38.78% | -37.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.85% | 37.34% | -34.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.64% | 37.24% | -34.60% |
PBTP vs. SOXQ - Expense Ratio Comparison
PBTP has a 0.07% expense ratio, which is lower than SOXQ's 0.19% 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%.
Dividends
PBTP vs. SOXQ - Dividend Comparison
PBTP's dividend yield for the trailing twelve months is around 4.82%, more than SOXQ's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 4.82% | 3.82% | 2.59% | 2.36% | 5.33% | 3.12% | 1.25% | 2.12% | 2.33% | 0.73% |
SOXQ Invesco PHLX Semiconductor ETF | 0.27% | 0.50% | 0.68% | 0.87% | 1.36% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PBTP and SOXQ have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXQ has higher volatility (22.04%) compared to PBTP (0.63%). In terms of maximum drawdown, PBTP dropped -5.44% vs SOXQ's -46.01%.
On 5-year performance, SOXQ leads with 34.04% vs 3.23% for PBTP. On fees, PBTP is cheaper at 0.07% per year. On volatility, PBTP has been the lower-risk option at 0.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SOXQ has performed better with a 34.04% return vs 3.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PBTP is cheaper with a 0.07% expense ratio, compared with 0.19% for SOXQ.
PBTP has the higher dividend yield at 4.82%, compared with 0.27% for SOXQ.
PBTP is categorized as Inflation-Protected Bonds, while SOXQ is Semiconductors. PBTP tracks ICE BofA U.S. Treasuries Inflation-Linked (0-5 Y), while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.07% for PBTP and 0.19% for SOXQ.
SOXQ currently has the higher Sharpe Ratio (4.11 vs 2.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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