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PBTP vs TIPA

Invesco 0-5 Yr US TIPS ETF

PBTPACboe

Northern Trust 2030 Inflation-Linked Distributing Ladder ETF

TIPABNYSE Arca

Overlap

No data

Expense ratio

PBTP −0.03pt a year

PBTP0.07%TIPA0.10%

Avg volume · 30D

PBTP 39.3×the volume

PBTP83.7KTIPA2.13K

PBTP vs TIPA Performance

Jul 31, 2026 – Oct 30, 2026

+0.6%PBTP+0.6%TIPA

Jul 31, 2026 to Oct 30, 2026. PBTP +0.6%. TIPA +0.6%. Use the arrow keys to read each point.−1%−0.75%−0.5%−0.25%0%Jul 2026Sep 2026Oct 2026
Expense ratio
PBTP 0.07%, better
TIPA 0.10%
Fund size
PBTP $248M
TIPA $20M
1Y total return
PBTP +2.7%
TIPA No data
Yield (12M)
PBTP 3.99%, better
TIPA 3.97%
Holdings
PBTP 27
TIPA 6
Avg volume (30D)
PBTP 83.7K sh, better
TIPA 2.13K sh
NAV per share
PBTP $25.80
TIPA $99.17
52W range

ETF.net Grade

PBTP: Cost 90, Risk 74, Mission 57, Tradability 58, Holdings 82, Durability 64. TIPA: Cost 68, Risk 68, Mission 59, Tradability 44, Holdings 49, Durability 35.
Pillar letters and Scores for PBTP, TIPA, with each pillar’s weight
PillarPBTPTIPA
Cost30% weightA90HigherB68
Mission25% weightB57B59Higher
Risk15% weightA74HigherB68
Tradability15% weightB58HigherC44
Holdings10% weightA82HigherC49
Durability5% weightB64HigherD35

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. PBTP and TIPA 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 TIPA 18th 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 18BIBIEiShares iBonds Oct 2028 Term TIPS ETFScore 58
  7. Rank 18BTIPANorthern Trust 2030 Inflation-Linked Distributing Ladder ETFScore 58
  8. Rank 20BIBIFiShares iBonds Oct 2029 Term TIPS ETFScore 57

Our read on each fund

ETF.net Research

PBTPAInvesco 0-5 Yr US TIPS ETF

TIPABNorthern Trust 2030 Inflation-Linked Distributing Ladder ETF

In short

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.

TIPA Most target-maturity bond funds hand you one lump sum at the finish line. TIPA is a ladder of US inflation-protected Treasuries built to pay you down along the way, income and principal, through 2030.

Stated mandate

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

TIPA The Fund seeks periodic inflation-linked distributions from U.S. Treasury Inflation Protected Securities through 2030, providing income and/or principal for a five-year spend-down strategy.

Why people hold 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.
  • TIPA Built for spending rather than stockpiling: a TIPS ladder designed to distribute income and/or principal across a five-year spend-down runway ending in 2030.flexshares.com
  • Inflation-linked at the source. Distributions are drawn from US Treasury Inflation Protected Securities, not fixed coupons from nominal bonds.flexshares.com
  • Costs 0.10% a year, in line with the median for target-maturity bond funds and level with heavyweights like BSCU and IBDU.
  • Government paper only, so the things that move it are rates and inflation readings rather than corporate credit trouble.

Worth knowing

  • 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.
  • TIPA The pot is meant to shrink. Payouts can include return of capital, so this is a melting ice cube by design, not a perpetual income stream.
  • A small fund that trades thinly, which usually means wider bid-ask spreads than the aisle's largest target-maturity names.
  • Launched in 2025, and payouts track inflation adjustments, so amounts vary rather than arriving like a fixed coupon.

Full PBTP profile⁠

Full TIPA profile⁠

PBTP vs TIPA 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.

PBTP vs TIPA Cost

Overpaying TIPA vs PBTP

$626

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

  • PBTP 0.07%

    $1,480

  • TIPA 0.10%

    $2,106

$10,000
30 years

Cost over time

  • PBTP 0.07%
  • TIPA 0.10%
  • 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$2.5K051015202530TIPA $2,106PBTP $1,480

Year by year

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

Expense ratio

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

PBTP 5th cheapest of 40 funds

TIPA 7th cheapest of 40 funds

PBTP vs TIPA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PBTP 3.99%, better
TIPA 3.97%
Payout (12M)
PBTP $1.03
TIPA $3.94
Last payment
PBTP $0.02
TIPA $0.68
Ex-dividend
PBTP Sep 21, 2026
TIPA Aug 3, 2026
Paid on
PBTP Sep 25, 2026
TIPA Aug 7, 2026
Frequency
PBTP Quarterly
TIPA Monthly

Distribution history

Per share, 2017 to 2026, same scale for both

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$12017202020232026YTD
TIPAMonthly · 10 paymentsAll TIPA payments⁠
One bar per payment. 10 payments from 2017 to 2026 YTD. Sep 2, 2025 $0.18; Oct 1, 2025 $0.23; Nov 3, 2025 $0.15; Dec 1, 2025 $0.36; Dec 19, 2025 $0.33; Apr 1, 2026 $0.15; May 1, 2026 $0.50; Jun 1, 2026 $0.76; Jul 1, 2026 $1.02; Aug 3, 2026 $0.68. Use the arrow keys to read each point.$0$12017202020232026YTD

PBTP vs TIPA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PBTP 1.9%TIPA No data
Return per unit of riskSharpe ratio, 3 years
PBTP 0.28TIPA No data
Worst fallMax drawdown, 5 years
PBTP −5.5%TIPA No data
Market sensitivityBeta, 5 years
PBTP 0.20TIPA 0.04

Popular comparisons

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    Expense ratio
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