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DFIP vs PBTP

Dimensional Inflation-Protected Securities ETF

DFIPBNYSE Arca

Invesco 0-5 Yr US TIPS ETF

PBTPACboe

Overlap

No data

Expense ratio

PBTP −0.04pt a year

DFIP0.11%PBTP0.07%

Avg volume · 30D

DFIP 2.0×the volume

DFIP170KPBTP83.7K

3Y return · a year

PBTP +0.1pt

DFIP+5.0%PBTP+5.1%

DFIP vs PBTP Performance

Oct 31, 2025 – Oct 30, 2026

−0.1%DFIP+2.7%PBTP

Oct 31, 2025 to Oct 30, 2026. DFIP −0.1%. PBTP +2.7%. Use the arrow keys to read each point.−3%−2%−1%1%2%Oct 2025Apr 2026Oct 2026
Expense ratio
DFIP 0.11%
PBTP 0.07%, better
Fund size
DFIP $1.14B
PBTP $248M
1Y total return
DFIP −0.1%
PBTP +2.7%, better
Yield (12M)
DFIP 5.29%, better
PBTP 3.99%
Holdings
DFIP 23
PBTP 27
Avg volume (30D)
DFIP 170K sh, better
PBTP 83.7K sh
NAV per share
DFIP $40.00
PBTP $25.80
52W range

ETF.net Grade

DFIP: Cost 43, Risk 35, Mission 100, Tradability 74, Holdings 62, Durability 69. PBTP: Cost 90, Risk 74, Mission 57, Tradability 58, Holdings 82, Durability 64.
Pillar letters and Scores for DFIP, PBTP, with each pillar’s weight
PillarDFIPPBTP
Cost30% weightC43A90Higher
Mission25% weightA100HigherB57
Risk15% weightD35A74Higher
Tradability15% weightA74HigherB58
Holdings10% weightB62A82Higher
Durability5% weightB69HigherB64

Rank among TIPS funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DFIP and PBTP are both graded against the same 40 TIPS funds, so their Grades compare head to head.

TIPS⁠

Category · 40 funds
See all 40 ›

PBTP ranks 4th and DFIP 10th of 40 funds in the TIPS Category.

  1. Rank 1ASCHPSchwab US TIPS ETFScore 85
  2. Rank 2ASTIPiShares 0-5 Year TIPS Bond ETFScore 80
  3. Rank 3AVTPVanguard Total Inflation-Protected Securities ETFScore 77
  4. Rank 4APBTPInvesco 0-5 Yr US TIPS ETFScore 72
  5. Rank 4AVTIPVanguard Short-Term Inflation-Protected Securities ETFScore 72
  6. Rank 9BTIPiShares TIPS Bond ETFScore 65
  7. Rank 10BDFIPDimensional Inflation-Protected Securities ETFScore 63
  8. Rank 10BIBIGiShares iBonds Oct 2030 Term TIPS ETFScore 63

Our read on each fund

ETF.net Research

DFIPBDimensional Inflation-Protected Securities ETF

PBTPAInvesco 0-5 Yr US TIPS ETF

In short

DFIP Dimensional's TIPS vehicle: US inflation-linked Treasuries, one job, 0.11% a year. Priced a shade under the typical Treasury-bond ETF, though plain index TIPS funds go cheaper still.

PBTP Inflation-linked Treasuries with the long end cut off: PBTP holds only TIPS maturing inside five years, keeping the CPI adjustment while dialing down interest-rate swings.

Stated mandate

DFIP The fund seeks inflation protection and current income consistent with inflation-protected securities.

PBTP The fund provides exposure to US Treasury Inflation-Protected Securities with remaining maturities from one month to less than five years.

Why people hold it

  • DFIP One job, straight from its objective: inflation protection plus current income from inflation-protected securities. No credit detours.
  • Charges 0.11% a year, just under the typical fund in its Treasury peer group.
  • The portfolio stays close to what the objective promises, and the fund sits in the upper half of its Treasury cohort.
  • Listed in 2021 and now a billion-dollar-plus fund, so this is no thin, untested ticker.
  • PBTP Costs 0.07% a year, under the 0.12% median for Treasury bond ETFs.
  • Narrow by design: only TIPS with one month to under five years remaining, which leaves out the long-dated bonds that drive most price swings in broad TIPS funds.invesco.com
  • Index-tracked and running at Invesco since 2017, with distributions paid quarterly.

Worth knowing

  • DFIP Index-tracking TIPS exposure comes cheaper: SCHP charges 0.03% against 0.11% here. The gap buys Dimensional's version of the job.
  • Payouts arrive on an irregular schedule, not a fixed monthly check.
  • Volume is moderate rather than heavy for the category, so execution costs can matter more on large orders.
  • PBTP Thinly traded next to the big names in the aisle, so spreads can run wider and sizeable orders take more care.
  • Broad TIPS funds such as SCHP charge 0.03% and cover the whole maturity ladder. Here you pay a bit more to skip the long end.
  • Short maturities cut both ways: less real-yield duration means smaller moves when rates fall as well as when they rise.

Full DFIP profile⁠

Full PBTP profile⁠

DFIP vs PBTP Holdings

How DFIP and PBTP differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

  • Asset classFixed Income100%
  • Countryby domicile100%

Sector

No Sector split for DFIP.

Country, concentration and asset class

Country by domicile

Country weights in DFIP and PBTP, widest gap first
CountryMore in DFIPMore in PBTP
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • DFIP82.1%
  • PBTP47.4%

Securities held

  • DFIP22
  • PBTP25

Asset class

DFIP
Fixed Income
PBTP
Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. DFIP holds 22 securities, PBTP 25.

All 19 DFIP holdings⁠All 25 PBTP holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DFIP vs PBTP Cost

Overpaying DFIP vs PBTP

$833

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DFIP 0.11%

    $2,313

  • PBTP 0.07%

    $1,480

$10,000
30 years

Cost over time

  • DFIP 0.11%
  • PBTP 0.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530DFIP $2,313PBTP $1,480

Year by year

YearDFIPPBTPOverpaying
10$201$128$73
20$788$503$285
30$2,313$1,480$833

Expense ratio

  • 0.11%DFIP
  • 0.07%PBTP, cheaper
  • Middle half of TIPS funds
  • Median 0.10%

PBTP 5th cheapest of 40 funds

DFIP 22nd cheapest of 40 funds

DFIP vs PBTP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DFIP 5.29%, better
PBTP 3.99%
Payout (12M)
DFIP $2.12
PBTP $1.03
Last payment
DFIP $0.09
PBTP $0.02
Ex-dividend
DFIP Oct 20, 2026
PBTP Sep 21, 2026
Paid on
DFIP Oct 22, 2026
PBTP Sep 25, 2026
Frequency
DFIP Irregular
PBTP Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

DFIPIrregular · 36 paymentsAll DFIP payments⁠
One bar per payment. 36 payments from 2023 to 2026 YTD. Apr 18, 2023 $0.23; May 23, 2023 $0.25; Jun 21, 2023 $0.16; Jul 18, 2023 $0.18; Aug 22, 2023 $0.16; Sep 19, 2023 $0.13; Oct 24, 2023 $0.17; Nov 21, 2023 $0.15; Dec 19, 2023 $0.08; Apr 16, 2024 $0.16; May 21, 2024 $0.32; Jun 18, 2024 $0.29; Jul 16, 2024 $0.19; Aug 20, 2024 $0.08; Sep 17, 2024 $0.07; Oct 22, 2024 $0.11; Nov 19, 2024 $0.10; Dec 17, 2024 $0.19; Jan 22, 2025 $0.0075; Feb 19, 2025 $0.03; Mar 25, 2025 $0.14; Apr 22, 2025 $0.22; May 20, 2025 $0.26; Jun 24, 2025 $0.17; Jul 22, 2025 $0.17; Aug 19, 2025 $0.16; Sep 23, 2025 $0.17; Oct 21, 2025 $0.14; Nov 18, 2025 $0.18; Dec 16, 2025 $0.29; Apr 21, 2026 $0.10; May 19, 2026 $0.24; Jun 23, 2026 $0.46; Jul 21, 2026 $0.46; Aug 18, 2026 $0.29; Oct 20, 2026 $0.09. Use the arrow keys to read each point.$0$0.5020232026YTD
PBTPQuarterly · 15 paymentsAll PBTP payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. Mar 20, 2023 $0.0073; Jun 20, 2023 $0.29; Sep 18, 2023 $0.16; Dec 18, 2023 $0.13; Mar 18, 2024 $0.03; Jun 24, 2024 $0.43; Sep 23, 2024 $0.09; Dec 23, 2024 $0.11; Mar 24, 2025 $0.21; Jun 23, 2025 $0.27; Sep 22, 2025 $0.22; Dec 22, 2025 $0.30; Mar 23, 2026 $0.04; Jun 22, 2026 $0.68; Sep 21, 2026 $0.02. Use the arrow keys to read each point.$0$0.5020232026YTD

DFIP vs PBTP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DFIP 4.8%PBTP 1.9%, better
Return per unit of riskSharpe ratio, 3 years
DFIP 0.12PBTP 0.28, better
Worst fallMax drawdown, 5 years
DFIP −14.9%since Nov 2021PBTP −5.5%
Market sensitivityBeta, 5 years
DFIP 0.74PBTP 0.20

Popular comparisons

  • DFIPBvsSCHPA

    Dimensional Inflation-Protected Securities ETF · Schwab US TIPS ETF

    Expense ratio
    0.11% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PBTPAvsSCHPA

    Invesco 0-5 Yr US TIPS ETF · Schwab US TIPS ETF

    Expense ratio
    0.07% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DFIPBvsSTIPA

    Dimensional Inflation-Protected Securities ETF · iShares 0-5 Year TIPS Bond ETF

    Expense ratio
    0.11% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PBTPAvsSTIPA

    Invesco 0-5 Yr US TIPS ETF · iShares 0-5 Year TIPS Bond ETF

    Expense ratio
    0.07% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DFIPBvsVTPA

    Dimensional Inflation-Protected Securities ETF · Vanguard Total Inflation-Protected Securities ETF

    Expense ratio
    0.11% · 0.05%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PBTPAvsVTPA

    Invesco 0-5 Yr US TIPS ETF · Vanguard Total Inflation-Protected Securities ETF

    Expense ratio
    0.07% · 0.05%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.