PBTPvsSCHOETF Comparison
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Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) belongs to the Inflation-linked Bonds segment. Schwab Short-Term U.S. Treasury ETF (SCHO) is part of the US Government Bonds segment. Both ETFs have the same top 1 sector exposures: Sovereign. PBTP is more expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.03% for SCHO. PBTP is up 1.77% year-to-date (YTD) with +$170M in YTD flows. SCHO performs worse with 0.99% YTD performance, and +$3.00B in YTD flows. Run a side-by-side ETF comparison of PBTP and SCHO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PBTP vs SCHO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBTP SCHO | +0.15%+0.15% | -0.18%+0.47% | +1.77%+0.99% | +2.10%+2.47% | +15.65%+13.33% | +15.80%+9.94% |
| Flows | PBTP SCHO | +$121M+$2.36B | +$169M+$2.48B | +$170M+$3.00B | +$164M+$3.66B | +$157M+$2.82B | +$204M+$6.80B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBTP SCHO | +1.68%+1.34% | +1.48%+1.20% | +1.91%+1.57% | +2.65%+1.95% |
| Max drawdown | PBTP SCHO | -0.75%-0.30% | -0.80%-0.85% | -1.06%-0.96% | -5.31%-5.64% |
| Max drawdown duration | PBTP SCHO | 77d8d | 24d123d | 22d122d | 640d972d |
Trading data
PBTP | SCHO | |
Last sale 9/3/2026 at 1:30 PM | $25.74 | $24.01 |
| Previous close 09/02/2026 | $25.72 | $23.99 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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PBTP | SCHO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
PBTP | SCHO | |
|---|---|---|
| Last price | $25.74 | $24.01 |
| 1D performance | +0.08% | +0.08% |
| AuM | $236.64 M | $15.16 B |
| E/R | 0.07% | 0.03% |
Characteristics
PBTP | SCHO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Schwab ETFs |
| Benchmark | ICE BofAML 0-5 Year US Inflation-Linked Treasury Index | Bloomberg US Treasury 1-3 Year Index |
| N° of holdings | 24 | 96 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2017 | August 5, 2010 |
| ESG | No | No |
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Exposure
Countries
PBTP
USA
100%
Other
0%
SCHO
USA
100%
Other
-0%
Sectors
PBTP
Sovereign
100%
Other
0%
SCHO
Sovereign
100%
Other
-0%
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Diversification
PBTP
Total weight of top 15 holdings out of 15
69.4%
SCHO
Total weight of top 15 holdings out of 15
21.21%
Top 15 holdings
Data as of July 31, 2026
PBTP
USA, TIPS 1.25% 15apr2031, USD (X-2031)
5.19%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
4.99%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
4.93%
USA, TIPS 0.375% 15jan2027, USD (A-2027)
4.76%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
4.70%
USA, TIPS 0.125% 15jul2030, USD (D-2030)
4.70%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
4.67%
USA, TIPS 0.125% 15jan2030, USD (A-2030)
4.59%
USA, TIPS 0.25% 15jul2029, USD (D-2029)
4.56%
USA, TIPS 0.375% 15jul2027, USD (D-2027)
4.55%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
4.52%
USA, TIPS 0.75% 15jul2028, USD (D-2028)
4.37%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
4.31%
USA, TIPS 0.125% 15oct2026, USD (AE-2026)
4.29%
USA, TIPS 0.875% 15jan2029, USD (A-2029)
4.28%
SCHO
USA, Notes 3.5% 31jan2028, USD (U-2028)
2.20%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
1.42%
USA, Notes 4.5% 31may2029, USD (Z-2029)
1.37%
USA, Notes 4.25% 30jun2029, USD (AA-2029)
1.37%
USA, Notes 3.875% 31jul2027, USD (BE-2027)
1.36%
USA, Notes 4.125% 30jun2028, USD (BD-2028)
1.36%
USA, Notes 4% 31may2028, USD (BC-2028)
1.36%
USA, Notes 3.875% 31mar2028, USD (AZ-2028)
1.36%
USA, Notes 3.5% 30sep2027, USD (BH-2027)
1.36%
USA, Notes 3.75% 30apr2028, USD (BA-2028)
1.36%
USA, Notes 3.375% 30nov2027, USD (BL-2027)
1.35%
USA, Notes 3.375% 31dec2027, USD (BM-2027)
1.35%
USA, Notes 3.375% 29feb2028, USD (AY-2028)
1.35%
USA, Notes 4.125% 31mar2029, USD (W-2029)
1.32%
USA, Notes 3.625% 31aug2027, USD (BG-2027)
1.32%
Frequently asked questions about PBTP and SCHO
How have the PBTP and SCHO ETFs performed in 2026?
As of September 2, 2026, PBTP is up 1.77% year-to-date (YTD), while SCHO has returned 0.99%. That puts PBTP better performer ahead so far this year.
Which ETF is attracting more investor money: PBTP or SCHO?
Year-to-date, the PBTP ETF saw +$170M in flows, compared to +$3.00B for SCHO.
Which ETF is more volatile: PBTP or SCHO?
Over the past year, PBTP had a volatility of 1.48%, while SCHO experienced 1.2%.
Which ETF is bigger: PBTP or SCHO?
As of September 2, 2026, PBTP holds $236.64 M in assets under management (AUM), while SCHO manages $15.16 B.
What sectors do the PBTP and SCHO ETFs invest in?
PBTP leans toward sectors like Sovereign. Meanwhile, SCHO focuses on Sovereign.
What are the top holdings of the PBTP ETF and SCHO ETF?
PBTP top holdings include USA, TIPS 1.25% 15apr2031, USD (X-2031), USA, TIPS 1.125% 15oct2030, USD (AE-2030) and USA, TIPS 1.625% 15apr2030, USD (X-2030). SCHO holds in its top three: USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 4.625% 30apr2029, USD (Y-2029) and USA, Notes 4.5% 31may2029, USD (Z-2029).
Which ETF is more diversified: PBTP or SCHO?
PBTP holds 24 securities with 69.4% of its assets in the top 15. SCHO has 96 securities and a top 15 weight of 21.21%.
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Latest news about PBTP & SCHO
Schwab Launches New High-Yield Bond ETF on NYSE ARCA
July 13, 2023
SCHO
U.S. Treasuries: An Opportunity for the Risk Conscious Investor
March 3, 2023
SCHO
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