PBTP vs. VTIPX
Compare and contrast key facts about Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) and Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX).
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. VTIPX is managed by Vanguard. It was launched on Oct 16, 2012.
Performance
PBTP vs. VTIPX - Performance Comparison
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PBTP vs. VTIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 0.97% | 5.98% | 4.72% | 4.53% | -3.02% | 5.51% | 4.89% | 4.72% | 0.59% | 0.04% |
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares | 0.97% | 5.96% | 4.65% | 4.51% | -2.93% | 5.21% | 4.85% | 4.74% | 0.49% | 0.07% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with PBTP at 0.97% and VTIPX at 0.97%.
PBTP
- 1D
- -0.08%
- 1M
- 0.16%
- YTD
- 0.97%
- 6M
- 1.17%
- 1Y
- 3.83%
- 3Y*
- 4.60%
- 5Y*
- 3.43%
- 10Y*
- —
VTIPX
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 0.97%
- 6M
- 1.21%
- 1Y
- 3.80%
- 3Y*
- 4.59%
- 5Y*
- 3.39%
- 10Y*
- 2.97%
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PBTP vs. VTIPX - Expense Ratio Comparison
PBTP has a 0.07% expense ratio, which is lower than VTIPX's 0.14% 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%.
Return for Risk
PBTP vs. VTIPX — Risk / Return Rank
PBTP
VTIPX
PBTP vs. VTIPX - 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 Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX). 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 | VTIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.95 | 2.12 | -0.17 |
Sortino ratioReturn per unit of downside risk | 2.93 | 3.18 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.45 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 3.74 | 4.17 | -0.43 |
Martin ratioReturn relative to average drawdown | 12.39 | 13.40 | -1.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PBTP | VTIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 2.12 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.28 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 1.01 | +0.26 |
Correlation
The correlation between PBTP and VTIPX is 0.85, 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.
Dividends
PBTP vs. VTIPX - Dividend Comparison
PBTP's dividend yield for the trailing twelve months is around 3.14%, less than VTIPX's 3.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares | 3.50% | 3.70% | 2.60% | 2.76% | 6.74% | 4.59% | 1.11% | 1.88% | 2.37% | 1.50% | 0.55% |
Drawdowns
PBTP vs. VTIPX - Drawdown Comparison
The maximum PBTP drawdown since its inception was -5.44%, roughly equal to the maximum VTIPX drawdown of -5.36%. Use the drawdown chart below to compare losses from any high point for PBTP and VTIPX.
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Drawdown Indicators
| PBTP | VTIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.44% | -5.36% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -0.95% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -5.44% | -5.36% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.36% | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.28% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -1.13% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.30% | +0.01% |
Volatility
PBTP vs. VTIPX - Volatility Comparison
The current volatility for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) is 0.56%, while Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) has a volatility of 0.62%. This indicates that PBTP experiences smaller price fluctuations and is considered to be less risky than VTIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBTP | VTIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 0.62% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | 0.96% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.97% | 1.81% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 2.66% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.66% | 2.22% | +0.44% |