IBIF vs PBTP: Grades, Fees and Holdings Compared

iShares iBonds Oct 2029 Term TIPS ETF

IBIFBNYSE Arca

Invesco 0-5 Yr US TIPS ETF

PBTPACboe

Overlap

No data

Expense ratio

PBTP −0.03pt a year

IBIF0.10%PBTP0.07%

Avg volume · 30D

PBTP 2.0×the volume

IBIF40.9KPBTP83.7K

3Y return · a year

IBIF +0.5pt

IBIF+5.6%PBTP+5.1%

IBIF vs PBTP Performance

Oct 31, 2025 – Oct 30, 2026

+2.1%IBIF+2.7%PBTP

Expense ratio: IBIF 0.10%; PBTP 0.07%, better
Fund size: IBIF $147M; PBTP $248M
1Y total return: IBIF +2.1%; PBTP +2.7%, better
Yield (12M): IBIF 4.45%, better; PBTP 3.99%
Holdings: IBIF 7; PBTP 27
Avg volume (30D): IBIF 40.9K sh; PBTP 83.7K sh, better
NAV per share: IBIF $25.65; PBTP $25.80
52W range

ETF.net Grade

Pillar letters and Scores for IBIF, PBTP, with each pillar’s weight
Pillar	IBIF	PBTP
Cost30% weight	B68	A90Higher
Mission25% weight	B56	B57Higher
Risk15% weight	B68	A74Higher
Tradability15% weight	C45	B58Higher
Holdings10% weight	D38	A82Higher
Durability5% weight	B57	B64Higher

Rank among TIPS funds

How we build Categories ›

Same Category. IBIF 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 IBIF 20th of 40 funds in the TIPS Category.

Rank 1ASCHPSchwab US TIPS ETFScore 85
Rank 2ASTIPiShares 0-5 Year TIPS Bond ETFScore 80
Rank 3AVTPVanguard Total Inflation-Protected Securities ETFScore 77
Rank 4APBTPInvesco 0-5 Yr US TIPS ETFScore 72
Rank 4AVTIPVanguard Short-Term Inflation-Protected Securities ETFScore 72
Rank 18BTIPANorthern Trust 2030 Inflation-Linked Distributing Ladder ETFScore 58
Rank 20BIBIFiShares iBonds Oct 2029 Term TIPS ETFScore 57
Rank 20BTDTFNorthern Trust iBoxx 5-Year Target Duration TIPS ETFScore 57

Our read on each fund

ETF.net Research

IBIFBiShares iBonds Oct 2029 Term TIPS ETF

PBTPAInvesco 0-5 Yr US TIPS ETF

In short

IBIF Most dated-maturity bond ETFs hold corporates or plain Treasuries. IBIF takes the inflation-linked route: an index of U.S. Treasury inflation-protected bonds scheduled to mature in 2029, in the iBonds format.

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

IBIF The fund is designed to follow an index made up of U.S. Treasury inflation-protected bonds scheduled to mature in 2029.

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

IBIF The inflation-linked seat in a shelf dominated by corporate and nominal-Treasury funds: the index holds TIPS scheduled to mature in 2029, so the inflation protection is built into the bonds.
Costs 0.10% a year, right at the median for target-maturity bond funds and level with iShares' 2029 corporate sibling IBDU.
Pays quarterly and follows a rules-based index rather than a manager's call, with a BlackRock track record dating to its 2023 launch.

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

IBIF Thinly traded compared with the headline names in its category, so spreads and order type matter more here than on a giant like IBTJ.
Want the same 2029 rung without the inflation link? IBTJ holds nominal Treasuries maturing that year for 0.07%.
One narrow slice of the market by design: only TIPS scheduled to mature in 2029, not a broad inflation-protected bond portfolio.

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 IBIF profile⁠

Full PBTP profile⁠

IBIF vs PBTP Holdings

How IBIF and PBTP differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Sector2 Sectors0.0%
Asset classFixed Income100%
Countryby domicile100%

Sector

Sector weights in IBIF and PBTP, widest gap first
Sector	More in IBIFMore in PBTP	IBIF	PBTP
Treasuries	IBIF +100.0 points	100.0%	0.0%
Government	PBTP +100.0 points	0.0%	100.0%

Country, concentration and asset class

Country by domicile

Country weights in IBIF and PBTP, widest gap first
Country	More in IBIFMore in PBTP	IBIF	PBTP
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

IBIF100.6%
PBTP47.4%

Securities held

IBIF6
PBTP25

Asset class

IBIF: Fixed Income
PBTP: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. IBIF holds 6 securities, PBTP 25.

All 6 IBIF 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.

IBIF vs PBTP Cost

Overpaying IBIF vs PBTP

$626

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

IBIF 0.10%
$2,106
PBTP 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

IBIF 0.10%
PBTP 0.07%
Overpaying

Year by year

Year	IBIF	PBTP	Overpaying
10	$183	$128	$55
20	$717	$503	$214
30	$2,106	$1,480	$626

Expense ratio

0.10%IBIF
0.07%PBTP, cheaper

PBTP0.07%IBIF0.10%

0.03%0.70%

Middle half of TIPS funds
Median 0.10%

PBTP 5th cheapest of 40 funds

IBIF 7th cheapest of 40 funds

IBIF vs PBTP Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IBIF 4.45%, better; PBTP 3.99%
Payout (12M): IBIF $1.14; PBTP $1.03
Last payment: IBIF $0.14; PBTP $0.02
Ex-dividend: IBIF Oct 1, 2026; PBTP Sep 21, 2026
Paid on: IBIF Oct 6, 2026; PBTP Sep 25, 2026
Frequency: IBIF Quarterly; PBTP Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IBIFQuarterly · 12 paymentsAll IBIF payments⁠

PBTPQuarterly · 33 paymentsAll PBTP payments⁠

IBIF vs PBTP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IBIF 3.3%PBTP 1.9%, better
Return per unit of riskSharpe ratio, 3 years: IBIF 0.32, betterPBTP 0.28
Worst fallMax drawdown, 5 years: IBIF −2.5%since Sep 2023PBTP −5.5%
Market sensitivityBeta, 5 years: IBIF 0.12PBTP 0.20; Market = 1

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