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GTIP vs PBTP

Goldman Sachs Access Inflation Protected USD Bond ETF

GTIPBCboe

Invesco 0-5 Yr US TIPS ETF

PBTPACboe

Overlap

No data

Expense ratio

PBTP −0.05pt a year

GTIP0.12%PBTP0.07%

Avg volume · 30D

PBTP 2.1×the volume

GTIP39.7KPBTP83.7K

5Y return · a year

PBTP +2.8pt

GTIP+0.2%PBTP+3.0%

GTIP vs PBTP Performance

Oct 29, 2021 – Oct 30, 2026

+1.1%GTIP+15.8%PBTP

Oct 29, 2021 to Oct 30, 2026. GTIP +1.1%. PBTP +15.8%. Use the arrow keys to read each point.−10%−5%5%10%Oct 2021Apr 2024Oct 2026
Expense ratio
GTIP 0.12%
PBTP 0.07%, better
Fund size
GTIP $295M
PBTP $248M
1Y total return
GTIP +0.2%
PBTP +2.7%, better
Yield (12M)
GTIP 5.32%, better
PBTP 3.99%
Holdings
GTIP 43
PBTP 27
Avg volume (30D)
GTIP 39.7K sh
PBTP 83.7K sh, better
NAV per share
GTIP $47.34
PBTP $25.80
52W range

ETF.net Grade

GTIP: Cost 43, Risk 36, Mission 100, Tradability 48, Holdings 82, Durability 68. PBTP: Cost 90, Risk 74, Mission 57, Tradability 58, Holdings 82, Durability 64.
Pillar letters and Scores for GTIP, PBTP, with each pillar’s weight
PillarGTIPPBTP
Cost30% weightC43A90Higher
Mission25% weightA100HigherB57
Risk15% weightD36A74Higher
Tradability15% weightC48B58Higher
Holdings10% weightA82A82
Durability5% weightB68HigherB64

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. GTIP 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 GTIP 14th 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 10BIBIIiShares iBonds Oct 2032 Term TIPS ETFScore 63
  7. Rank 14BGTIPGoldman Sachs Access Inflation Protected USD Bond ETFScore 61
  8. Rank 14BIBIJiShares iBonds Oct 2033 Term TIPS ETFScore 61

Our read on each fund

ETF.net Research

GTIPBGoldman Sachs Access Inflation Protected USD Bond ETF

PBTPAInvesco 0-5 Yr US TIPS ETF

In short

GTIP Roughly 30 bonds of pure US inflation-protected Treasuries, run against an index carrying Goldman's name next to FTSE's. A compact take on TIPS rather than a full-market sweep.

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

GTIP The Fund seeks to track, before fees and expenses, the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index, which measures inflation-protected, fixed-rate U.S. Treasury securities denominated in U.S. dollars.

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

  • GTIP Clean mandate: fixed-rate, dollar-denominated US inflation-protected Treasuries. No corporate credit, no foreign paper.gsam.com
  • Holds about 30 bonds and has hugged its benchmark closely, one of the tighter index implementations among the Treasury funds we cover.
  • 0.12% a year lands right at the median for Treasury ETFs, with a track record dating to 2018 and a mid-sized asset base behind it.
  • 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

  • GTIP Thinly traded next to the category's giants, so spreads and limit orders carry more weight here.
  • Cheaper TIPS exposure exists: SCHP charges 0.03% against GTIP's 0.12%.
  • Payouts arrive on an irregular schedule rather than a fixed monthly rhythm.
  • 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 GTIP profile⁠

Full PBTP profile⁠

GTIP vs 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.

GTIP vs PBTP Cost

Overpaying GTIP vs PBTP

$1,040

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

  • GTIP 0.12%

    $2,520

  • PBTP 0.07%

    $1,480

$10,000
30 years

Cost over time

  • GTIP 0.12%
  • PBTP 0.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K051015202530GTIP $2,520PBTP $1,480

Year by year

YearGTIPPBTPOverpaying
10$220$128$92
20$859$503$356
30$2,520$1,480$1,040

Expense ratio

  • 0.12%GTIP
  • 0.07%PBTP, cheaper
  • Middle half of TIPS funds
  • Median 0.10%

PBTP 5th cheapest of 40 funds

GTIP 23rd cheapest of 40 funds

GTIP vs PBTP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GTIP 5.32%, better
PBTP 3.99%
Payout (12M)
GTIP $2.53
PBTP $1.03
Last payment
GTIP $0.05
PBTP $0.02
Ex-dividend
GTIP Oct 1, 2026
PBTP Sep 21, 2026
Paid on
GTIP Oct 7, 2026
PBTP Sep 25, 2026
Frequency
GTIP Irregular
PBTP Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

GTIPIrregular · 37 paymentsAll GTIP payments⁠
One bar per payment. 37 payments from 2023 to 2026 YTD. Apr 3, 2023 $0.04; May 1, 2023 $0.25; Jun 1, 2023 $0.14; Jul 3, 2023 $0.23; Aug 1, 2023 $0.12; Sep 1, 2023 $0.15; Oct 2, 2023 $0.08; Nov 1, 2023 $0.22; Dec 1, 2023 $0.13; Apr 1, 2024 $0.12; May 1, 2024 $0.38; Jun 3, 2024 $0.37; Jul 1, 2024 $0.22; Aug 1, 2024 $0.14; Sep 3, 2024 $0.05; Oct 1, 2024 $0.10; Nov 1, 2024 $0.08; Dec 2, 2024 $0.12; Dec 31, 2024 $0.12; Feb 3, 2025 $0.0046; Mar 3, 2025 $0.06; Apr 1, 2025 $0.39; May 1, 2025 $0.29; Jun 2, 2025 $0.17; Jul 1, 2025 $0.22; Aug 1, 2025 $0.17; Sep 2, 2025 $0.22; Oct 1, 2025 $0.15; Nov 3, 2025 $0.21; Dec 1, 2025 $0.18; Dec 31, 2025 $0.20; Apr 1, 2026 $0.12; May 1, 2026 $0.30; Jun 1, 2026 $0.54; Jul 1, 2026 $0.53; Aug 3, 2026 $0.40; Oct 1, 2026 $0.05. 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

GTIP vs PBTP Risk

Fall from peak · 5 years

  • GTIP
  • PBTP
Oct 29, 2021 to Oct 30, 2026. Worst fall: GTIP −14.3% · Oct 2022. Use the arrow keys to read each point.−12.5%−10%−7.5%−5%−2.5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
GTIP 4.5%PBTP 1.9%, better
Return per unit of riskSharpe ratio, 3 years
GTIP 0.07PBTP 0.28, better
Worst fallMax drawdown, 5 years
GTIP −14.3%PBTP −5.5%, better
Market sensitivityBeta, 5 years
GTIP 0.72PBTP 0.20

Popular comparisons

  • GTIPBvsSCHPA

    Goldman Sachs Access Inflation Protected USD Bond ETF · Schwab US TIPS ETF

    Expense ratio
    0.12% · 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%
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  • GTIPBvsSTIPA

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    Expense ratio
    0.12% · 0.03%
    Category
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  • PBTPAvsSTIPA

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

    Expense ratio
    0.07% · 0.03%
    Category
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  • GTIPBvsVTPA

    Goldman Sachs Access Inflation Protected USD Bond ETF · Vanguard Total Inflation-Protected Securities ETF

    Expense ratio
    0.12% · 0.05%
    Category
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  • 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.