Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) Performance
PBTP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.3% since Dec 31, 2025
- 1 year
- +2.2% total return
- 5 years
- +3.0% a year
- Since first price
- +3.3% a year since 2017
PBTP trailing returns vs AGG, TLT, SPY
| Period | PBTP total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.3% | +1.3% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.5% | +0.5% | −0.4% | −1.0% | +3.2% |
| 6 months | +0.6% | −2.1% | −1.5% | −3.8% | +7.8% |
| YTD | +2.3% | −0.6% | −1.0% | −3.4% | +12.3% |
| 1 year | +2.2% | −1.9% | −1.1% | −6.9% | +14.4% |
| 3 years | +16.0%+5.1%/yr | +5.1% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +15.7%+3.0%/yr | −3.5% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionSep 22, 2017 | +34.2%+3.3%/yr | +3.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PBTP vs AGG
From Sep 22, 2017: PBTP grew to $13,424, AGG to $11,357.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PBTP returns by calendar year
7 of 8 full years positive. Best 2025 (+6.0%), worst 2022 (−3.0%). 2026 is year to date.
PBTP annual returns table
| Year | PBTP | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +2.3% | −1.3% | −1.0% | −3.4% | +12.3% |
| 2025 | +6.0% | −1.0% | +7.2% | +4.3% | +17.7% |
| 2024 | +4.7% | −0.8% | +1.3% | −8.1% | +24.9% |
| 2023 | +4.5% | −1.6% | +5.7% | +2.8% | +26.2% |
| 2022 | −3.0% | −5.4% | −13.0% | −31.2% | −18.2% |
| 2021 | +5.5% | −1.2% | −1.8% | −4.6% | +28.7% |
| 2020 | +4.9% | −5.3% | +7.5% | +18.2% | +18.3% |
| 2019 | +4.8% | −0.5% | +8.5% | +14.1% | +31.2% |
| 2018 | +0.5% | −1.0% | +0.1% | −1.6% | −4.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PBTP largest drawdowns
At an all-time high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 11, 2022 | −5.4% | Sep 30, 2022 | Dec 14, 2023 | 7 months | 1.8 years |
| Mar 5, 2020 | −5.3% | Mar 18, 2020 | Jun 8, 2020 | 13 days | 3 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
PBTP risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +4.8% | +2.9% | +3.2% |
| Volatility (annualized) | 1.8% | 2.8% | 2.4% |
| Sharpe ratio | 0.18 | -0.27 | 0.29 |
| Sortino ratio | 0.26 | -0.34 | 0.39 |
| Best month | +1.4% | +2.0% | +2.0% |
| Worst month | −0.9% | −2.9% | −2.9% |
| Best 12 months | +8.0% | +8.0% | +8.0% |
| Worst 12 months | +1.4% | −3.1% | −3.1% |
| Positive months | 78% | 68% | 68% |
| Beta vs S&P 500 | 0.03 | 0.10 | — |
| Correlation with S&P 500 | 0.23 | 0.55 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PBTP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 98 | −3.1% | +4.0% | +8.0% | 89% |
| 3-year (a year) | 74 | +1.8% | +3.4% | +5.4% | 100% |
| 5-year (a year) | 50 | +2.2% | +3.2% | +4.1% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
PBTP performance overview
Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) returned +2.2% over the past year and +3.0% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +3.3% a year, turning $10,000 into about $13,424. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −5.4%, from Mar 11, 2022 to Sep 30, 2022, and it took 1.2 years to get back to the old high. PBTP finished 7 of its 8 full calendar years with a gain; the best year was 2025 (+6.0%) and the worst 2022 (−3.0%). Volatility has been 2.4% a year.
Related: PBTP chart, PBTP dividends, PBTP bond profile. See the PBTP overview for the latest quote and fund facts.
PBTP performance FAQ
What is the PBTP return over the past year?
PBTP returned +2.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.9%.
What is the average annual return of PBTP?
PBTP has returned +3.0% a year over 5 years, +3.3% a year since September 22, 2017 (total return, distributions reinvested).
How much would $10,000 invested in PBTP be worth?
$10,000 invested in PBTP at its first recorded close on September 22, 2017 would be worth about $13,424 on October 23, 2026 with distributions reinvested.
What was the worst year for PBTP?
The worst calendar year was 2022, with a total return of −3.0%. The best was 2025 at +6.0%.
What is the biggest drawdown of PBTP?
The largest peak-to-trough decline was −5.4% between March 11, 2022 and September 30, 2022. It recovered to the old high on December 14, 2023, 1.2 years after the bottom.
How volatile is PBTP?
Over the past 3 years PBTP had an annualized volatility of 1.8% and a Sharpe ratio of 0.18 (excess return over 1–3 month T-bills per unit of risk).