ETF Evaluator:
Invesco 0-5 Yr US TIPS ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Short-Term Inflation-Protected Bond Over the Last Year
| 4.1% | F/m Ultrshrt Trs Infl-Protd Sec TIPS ETF (RBIL) |
| 3.5% | Vanguard Short-Term Infl-Prot Secs ETF (VTIP) |
| 3.5% | iShares 0-5 Year TIPS Bond ETF (STIP) |
| 3.4% | Invesco 0-5 Yr US TIPS ETF (PBTP) |
| 3.4% | iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI) |
Risk
Index
Risk
Index
ETF Details
Invesco 0-5 Yr US TIPS ETF Overview
Invesco 0-5 Yr US TIPS ETF (PBTP) is a passively managed Taxable Bond Short-Term Inflation-Protected Bond exchange-traded fund (ETF). Invesco launched the ETF in 2017.
The investment seeks to track the investment results (before fees and expenses) of the ICE BofA 0-5 Year U.S. Inflation-Linked Treasury IndexSM (the "underlying index").
The fund generally will invest at least 80% of its total assets in the components that comprise the underlying index. The index is designed to measure the performance of the shorter maturity subset of the U.S. Treasury Inflation-Protected Securities ("TIPS") market, represented by TIPS with a remaining maturity of at least one month and less than five years.
About Invesco 0-5 Yr US TIPS ETF (PBTP)
There are 4 members of the management team with an average tenure of 7.75 years: Peter Hubbard (2017), Gary Jones (2017), Richard Ose (2017) and Tom Boksa (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and ICE BofA 0-5Y US Infl-linkd Trsy TR USD index with a weighting of 100%. Invesco 0-5 Yr US TIPS ETF has 25 securities in its portfolio. The top 10 holdings constitute 47.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco 0-5 Yr US TIPS ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Invesco 0-5 Yr US TIPS ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.5% (95.5% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco 0-5 Yr US TIPS ETF has 4.5% of the portfolio in cash.
Assets Under Management
The fund has $115 million in total assets, which is below the $3 billion average for the Short-Term Inflation-Protected Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PBTP Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco 0-5 Yr US TIPS ETF expense ratio is low compared to funds in the Short-Term Inflation-Protected Bond category. Invesco 0-5 Yr US TIPS ETF has an expense ratio of 0.07%, which is 47% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco 0-5 Yr US TIPS ETF has a portfolio turnover rate of 34%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 38% for the Short-Term Inflation-Protected Bond category.
Recently, in the month of July 2026, Invesco 0-5 Yr US TIPS ETF returned 0.2%, which earned it a grade of C, as the Short-Term Inflation-Protected Bond category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco 0-5 Yr US TIPS ETF has a trailing yield of 4.80%, which is above the 4.76% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco 0-5 Yr US TIPS ETF Grades
Year to date, the ETF has returned 1.8%, 0.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 3.4% over the past year (grade of C), 5.0% over the past three years (grade of C) and 3.0% per year over the past five years (grade of C).
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PBTP Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PBTP Return (NAV) | 0.2% | -0.1% | 3.4% | 5.0% | 3.0% | na |
| PBTP Return (Price) | 0.1% | -0.1% | 3.5% | 5.0% | 3.0% | na |
| NAV +/- Price Return | 0.098% | -0.056% | -0.051% | -0.026% | -0.006% | na |
| Short-Term Inflation-Protected Bond Avg | 0.2% | -0.0% | 3.4% | 4.9% | 2.7% | 3.0% |
| PBTP Grade (NAV) | C | D | C | C | C | na |
| +/- Category (NAV) | 0.0% | -0.1% | 0.0% | 0.1% | 0.3% | na |
| PBTP Tax-Cost Ratio | na | na | 1.9% | 1.4% | 1.6% | na |
PBTP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PBTP Return (NAV) | 1.8% | 6.0% | 4.7% | 4.5% | -3.0% | 5.4% | 5.0% | 4.7% | 0.5% | na | na |
| PBTP Return (Price) | 1.9% | 6.0% | 4.7% | 4.5% | -3.0% | 5.5% | 4.9% | 4.7% | 0.6% | na | na |
| NAV +/- Price Ret | 0.032% | -0.011% | -0.005% | 0.004% | 0.006% | 0.015% | -0.021% | 0.4% | 22.4% | na | na |
| Short-Term Inflation-Protected Bond Avg | 1.9% | 6.3% | 4.3% | 4.5% | -4.2% | 5.4% | 6.0% | 5.3% | 0.2% | 0.9% | 3.0% |
| PBTP Grade (NAV) | C | D | C | D | C | C | F | F | C | na | na |
| +/- Category | -0.1% | -0.2% | 0.5% | 0.0% | 1.2% | 0.0% | -1.0% | -0.6% | 0.2% | na | na |
| Risk Measures | |
| Beta: | 0.20 |
| R-Squared: | 47% |
| Standard Deviation: | 1.7% |
| Category Risk Index: | 0.80 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.13 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.8% |
| Total Assets: | $ 116 Mil |
| Share Class Assets: | $ 116 Mil |
| Turnover: | 34.0% |
| Expense Ratio: | 0.07% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 8.9 years | |||
| Average Tenure: 7.8 years | |||
| Managers (Year): Hubbard Peter (2017), Jones Gary (2017), Ose Richard (2017), Boksa Tom (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 25 |
| % in Top 10 Holdings: | 47.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 95.5% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | September 22, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.07% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.13% |
