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PBTP vs TIPZ

Invesco 0-5 Yr US TIPS ETF

PBTPACboe

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

TIPZCNYSE Arca

Overlap

No data

Expense ratio

PBTP −0.13pt a year

PBTP0.07%TIPZ0.20%

Avg volume · 30D

PBTP 6.6×the volume

PBTP83.7KTIPZ12.6K

5Y return · a year

PBTP +3.1pt

PBTP+3.0%TIPZ−0.1%

PBTP vs TIPZ Performance

Oct 29, 2021 – Oct 30, 2026

+15.8%PBTP−0.3%TIPZ

Oct 29, 2021 to Oct 30, 2026. PBTP +15.8%. TIPZ −0.3%. Use the arrow keys to read each point.−10%−5%5%10%Oct 2021Apr 2024Oct 2026
Expense ratio
PBTP 0.07%, better
TIPZ 0.20%
Fund size
PBTP $248M
TIPZ $81M
1Y total return
PBTP +2.7%, better
TIPZ −0.2%
Yield (12M)
PBTP 3.99%
TIPZ 5.57%, better
Holdings
PBTP 27
TIPZ 43
Avg volume (30D)
PBTP 83.7K sh, better
TIPZ 12.6K sh
NAV per share
PBTP $25.80
TIPZ $50.77
52W range

ETF.net Grade

PBTP: Cost 90, Risk 74, Mission 57, Tradability 58, Holdings 82, Durability 64. TIPZ: Cost 21, Risk 31, Mission 90, Tradability 31, Holdings 84, Durability 63.
Pillar letters and Scores for PBTP, TIPZ, with each pillar’s weight
PillarPBTPTIPZ
Cost30% weightA90HigherF21
Mission25% weightB57A90Higher
Risk15% weightA74HigherD31
Tradability15% weightB58HigherD31
Holdings10% weightA82A84Higher
Durability5% weightB64HigherB63

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 TIPZ 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 TIPZ 25th 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 25CLDRIiShares iBonds 1-5 Year TIPS Ladder ETFScore 49
  7. Rank 25CTIPZPIMCO Broad U.S. TIPS Index Exchange-Traded FundScore 49
  8. Rank 27CJCPIJPMorgan Inflation Managed Bond ETFScore 47

Our read on each fund

ETF.net Research

PBTPAInvesco 0-5 Yr US TIPS ETF

TIPZCPIMCO Broad U.S. TIPS Index Exchange-Traded Fund

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.

TIPZ PIMCO's plain-vanilla take on inflation protection: an index basket of inflation-linked U.S. Treasuries, running since 2009. Narrow mandate, no active tilts, and a price tag that sits above most funds doing the same job.

Stated mandate

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

TIPZ The fund seeks to track, before fees and expenses, an index made up of inflation-protected U.S. Treasury securities.

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.
  • TIPZ One job, stated plainly: hold inflation-protected U.S. Treasuries and track an index of them. The inflation linkage is the whole product, not a sleeve buried inside a broader bond fund.
  • Live since 2009, so it has traded through the zero-rate decade and the inflation spike that followed. A long operating history in a category full of newer entrants.
  • Broad-maturity by design: it takes the whole TIPS curve rather than betting on short or long bonds, and it is U.S.-only, so there is no currency or foreign-issuer wrinkle.

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.
  • TIPZ Costs 0.20% a year against a 0.12% median for its Treasury cohort. SPIP (0.12%) and VTP (0.05%) charge less for similar inflation-linked exposure.
  • A small fund that trades thinly, which usually shows up as wider bid-ask spreads than the category's largest names.
  • Distributions arrive on an irregular cadence, because TIPS income rides on inflation adjustments to principal rather than a fixed coupon.

Full PBTP profile⁠

Full TIPZ profile⁠

PBTP vs TIPZ 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 TIPZ Cost

Overpaying TIPZ vs PBTP

$2,675

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

  • PBTP 0.07%

    $1,480

  • TIPZ 0.20%

    $4,155

$10,000
30 years

Cost over time

  • PBTP 0.07%
  • TIPZ 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530TIPZ $4,155PBTP $1,480

Year by year

YearPBTPTIPZOverpaying
10$128$365$237
20$503$1,421$918
30$1,480$4,155$2,675

Expense ratio

  • 0.07%PBTP, cheaper
  • 0.20%TIPZ
  • Middle half of TIPS funds
  • Median 0.10%

PBTP 5th cheapest of 40 funds

TIPZ 31st cheapest of 40 funds

PBTP vs TIPZ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PBTP 3.99%
TIPZ 5.57%, better
Payout (12M)
PBTP $1.03
TIPZ $2.83
Last payment
PBTP $0.02
TIPZ $0.41
Ex-dividend
PBTP Sep 21, 2026
TIPZ Aug 3, 2026
Paid on
PBTP Sep 25, 2026
TIPZ Aug 5, 2026
Frequency
PBTP Quarterly
TIPZ 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$0.502017202020232026YTD
TIPZMonthly · 88 paymentsAll TIPZ payments⁠
One bar per payment. 88 payments from 2017 to 2026 YTD. Apr 3, 2017 $0.17; May 1, 2017 $0.15; Jun 1, 2017 $0.04; Jul 3, 2017 $0.17; Aug 1, 2017 $0.04; Sep 1, 2017 $0.04; Nov 1, 2017 $0.11; Dec 1, 2017 $0.27; Apr 2, 2018 $0.20; May 1, 2018 $0.22; Jun 1, 2018 $0.13; Jul 2, 2018 $0.20; Aug 1, 2018 $0.18; Sep 4, 2018 $0.09; Nov 1, 2018 $0.07; Dec 3, 2018 $0.16; Dec 28, 2018 $0.10; Jul 1, 2019 $0.25; Aug 1, 2019 $0.13; Sep 3, 2019 $0.03; Oct 1, 2019 $0.18; Nov 1, 2019 $0.07; Dec 2, 2019 $0.12; Dec 30, 2019 $0.21; Apr 1, 2020 $0.16; May 1, 2020 $0.15; Sep 1, 2020 $0.21; Oct 1, 2020 $0.24; Nov 2, 2020 $0.15; Dec 1, 2020 $0.05; Apr 1, 2021 $0.16; May 3, 2021 $0.24; Jun 1, 2021 $0.34; Jul 1, 2021 $0.40; Aug 2, 2021 $0.40; Sep 1, 2021 $0.43; Oct 1, 2021 $0.20; Nov 1, 2021 $0.04; Dec 1, 2021 $0.08; Dec 10, 2021 $0.54; Dec 30, 2021 $0.36; Feb 1, 2022 $0.19; Mar 1, 2022 $0.12; Apr 1, 2022 $0.41; May 2, 2022 $0.49; Jun 1, 2022 $0.67; Jul 1, 2022 $0.27; Aug 1, 2022 $0.50; Sep 1, 2022 $0.70; Dec 1, 2022 $0.08; Dec 29, 2022 $0.43; Apr 3, 2023 $0.40; May 1, 2023 $0.34; Jun 1, 2023 $0.26; Jul 3, 2023 $0.34; Aug 1, 2023 $0.18; Sep 1, 2023 $0.25; Oct 2, 2023 $0.17; Nov 1, 2023 $0.28; Dec 1, 2023 $0.22; Dec 28, 2023 $0.06; Apr 1, 2024 $0.33; May 1, 2024 $0.42; Jun 3, 2024 $0.46; Jul 1, 2024 $0.27; Aug 1, 2024 $0.17; Sep 3, 2024 $0.10; Oct 1, 2024 $0.13; Nov 1, 2024 $0.12; Dec 2, 2024 $0.16; Dec 31, 2024 $0.14; Feb 3, 2025 $0.04; Mar 3, 2025 $0.08; Apr 1, 2025 $0.42; May 1, 2025 $0.33; Jun 2, 2025 $0.19; Jul 1, 2025 $0.23; Aug 1, 2025 $0.18; Sep 2, 2025 $0.23; Oct 1, 2025 $0.16; Nov 3, 2025 $0.22; Dec 1, 2025 $0.20; Dec 31, 2025 $0.20; Apr 1, 2026 $0.15; May 1, 2026 $0.51; Jun 1, 2026 $0.60; Jul 1, 2026 $0.54; Aug 3, 2026 $0.41. Use the arrow keys to read each point.$0$0.502017202020232026YTD

PBTP vs TIPZ Risk

Fall from peak · 5 years

  • PBTP
  • TIPZ
Oct 29, 2021 to Oct 30, 2026. Worst fall: TIPZ −15.4% · Oct 2022. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
PBTP 1.9%, betterTIPZ 4.8%
Return per unit of riskSharpe ratio, 3 years
PBTP 0.28, betterTIPZ 0.04
Worst fallMax drawdown, 5 years
PBTP −5.5%, betterTIPZ −15.4%
Market sensitivityBeta, 5 years
PBTP 0.20TIPZ 0.73

Popular comparisons

  • 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.

  • TIPZCvsSCHPA

    PIMCO Broad U.S. TIPS Index Exchange-Traded Fund · Schwab US TIPS ETF

    Expense ratio
    0.20% · 0.03%
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  • PBTPAvsSTIPA

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    Expense ratio
    0.07% · 0.03%
    Category
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  • TIPZCvsSTIPA

    PIMCO Broad U.S. TIPS Index Exchange-Traded Fund · iShares 0-5 Year TIPS Bond ETF

    Expense ratio
    0.20% · 0.03%
    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
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  • TIPZCvsVTPA

    PIMCO Broad U.S. TIPS Index Exchange-Traded Fund · Vanguard Total Inflation-Protected Securities ETF

    Expense ratio
    0.20% · 0.05%
    Category
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