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IBII vs PBTP

iShares iBonds Oct 2032 Term TIPS ETF

IBIIBNYSE Arca

Invesco 0-5 Yr US TIPS ETF

PBTPACboe

Overlap

No data

Expense ratio

PBTP −0.03pt a year

IBII0.10%PBTP0.07%

Avg volume · 30D

PBTP 2.1×the volume

IBII40.6KPBTP83.7K

3Y return · a year

IBII +0.7pt

IBII+5.8%PBTP+5.1%

IBII vs PBTP Performance

Oct 31, 2025 – Oct 30, 2026

+0.7%IBII+2.7%PBTP

Oct 31, 2025 to Oct 30, 2026. IBII +0.7%. PBTP +2.7%. Use the arrow keys to read each point.−2%−1%0%2%Oct 2025Apr 2026Oct 2026
Expense ratio
IBII 0.10%
PBTP 0.07%, better
Fund size
IBII $99M
PBTP $248M
1Y total return
IBII +0.7%
PBTP +2.7%, better
Yield (12M)
IBII 4.57%, better
PBTP 3.99%
Holdings
IBII 4
PBTP 27
Avg volume (30D)
IBII 40.6K sh
PBTP 83.7K sh, better
NAV per share
IBII $25.03
PBTP $25.80
52W range

ETF.net Grade

IBII: Cost 68, Risk 42, Mission 99, Tradability 42, Holdings 33, Durability 52. PBTP: Cost 90, Risk 74, Mission 57, Tradability 58, Holdings 82, Durability 64.
Pillar letters and Scores for IBII, PBTP, with each pillar’s weight
PillarIBIIPBTP
Cost30% weightB68A90Higher
Mission25% weightA99HigherB57
Risk15% weightC42A74Higher
Tradability15% weightC42B58Higher
Holdings10% weightD33A82Higher
Durability5% weightC52B64Higher

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. IBII 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 IBII 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 10BIBIHiShares iBonds Oct 2031 Term TIPS ETFScore 63
  7. Rank 10BIBIIiShares iBonds Oct 2032 Term TIPS ETFScore 63
  8. Rank 14BGTIPGoldman Sachs Access Inflation Protected USD Bond ETFScore 61

Our read on each fund

ETF.net Research

IBIIBiShares iBonds Oct 2032 Term TIPS ETF

PBTPAInvesco 0-5 Yr US TIPS ETF

In short

IBII Inflation-linked Treasuries with an end date. IBII holds only TIPS maturing in 2032, then winds up and pays out around October 15 of that year: a ladder rung for real-return investors rather than a perpetual bond fund.

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

IBII The fund seeks to track an index of U.S. Treasury Inflation-Protected Securities maturing in 2032 and is designed to provide inflation protection with a defined maturity.

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

  • IBII Defined maturity, like an individual bond: iBonds funds terminate on or about October 15 of the year in the name, which makes rung-by-rung ladder building straightforward.ishares.com
  • The inflation-adjusted flavor of the ladder. Most target maturity rungs hold corporates or nominal Treasuries; this one holds TIPS, whose principal moves with inflation.ishares.com
  • 0.10% expense ratio, in line with the typical target maturity bond ETF, for a single job: track the ICE 2032 Maturity US Inflation-Linked Treasury Index and pay quarterly.
  • 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

  • IBII In the final months the holdings mature into cash and cash-like instruments, so the yield drifts toward money market rates. The endgame is a payout, not a peak.ishares.com
  • Narrow by design: just the TIPS issues maturing in 2032. And TIPS cut both ways, since the inflation adjustment can move down when prices fall.ishares.com
  • Thinner trading than the corporate rungs of the iBonds lineup, so spreads can matter more on the way in and out. Distributions also vary rather than sitting at a fixed coupon.ishares.com
  • 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 IBII profile⁠

Full PBTP profile⁠

IBII 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.

IBII vs PBTP Cost

Overpaying IBII vs PBTP

$626

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

  • IBII 0.10%

    $2,106

  • PBTP 0.07%

    $1,480

$10,000
30 years

Cost over time

  • IBII 0.10%
  • 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$2.5K051015202530IBII $2,106PBTP $1,480

Year by year

YearIBIIPBTPOverpaying
10$183$128$55
20$717$503$214
30$2,106$1,480$626

Expense ratio

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

PBTP 5th cheapest of 40 funds

IBII 7th cheapest of 40 funds

IBII vs PBTP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
IBII 4.57%, better
PBTP 3.99%
Payout (12M)
IBII $1.15
PBTP $1.03
Last payment
IBII $0.12
PBTP $0.02
Ex-dividend
IBII Oct 1, 2026
PBTP Sep 21, 2026
Paid on
IBII Oct 6, 2026
PBTP Sep 25, 2026
Frequency
IBII Quarterly
PBTP Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IBIIQuarterly · 12 paymentsAll IBII payments⁠
One bar per payment. 12 payments from 2017 to 2026 YTD. Dec 14, 2023 $0.28; Apr 1, 2024 $0.17; Jul 1, 2024 $0.62; Oct 1, 2024 $0.19; Dec 18, 2024 $0.20; Apr 1, 2025 $0.25; Jul 1, 2025 $0.39; Oct 1, 2025 $0.29; Dec 19, 2025 $0.31; Apr 1, 2026 $0.07; Jul 1, 2026 $0.64; Oct 1, 2026 $0.12. Use the arrow keys to read each point.$0$0.502017202020232026YTD
PBTPQuarterly · 33 paymentsAll PBTP payments⁠
One bar per payment. 33 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.18; Jun 18, 2018 $0.29; Sep 24, 2018 $0.20; Dec 24, 2018 $0.08; Jun 24, 2019 $0.29; Sep 23, 2019 $0.12; Dec 23, 2019 $0.12; Mar 23, 2020 $0.001; Jun 22, 2020 $0.01; Sep 21, 2020 $0.08; Dec 21, 2020 $0.23; Jun 21, 2021 $0.13; Sep 20, 2021 $0.35; Dec 20, 2021 $0.35; Mar 21, 2022 $0.13; Jun 21, 2022 $0.40; Sep 19, 2022 $0.51; Dec 19, 2022 $0.26; 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$0.502017202020232026YTD

IBII vs PBTP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IBII 5.3%PBTP 1.9%, better
Return per unit of riskSharpe ratio, 3 years
IBII 0.26PBTP 0.28, better
Worst fallMax drawdown, 5 years
IBII −4.6%since Sep 2023PBTP −5.5%
Market sensitivityBeta, 5 years
IBII 0.21PBTP 0.20

Popular comparisons

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