PBTPvsTLHETF Comparison
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Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) belongs to the Inflation-linked Bonds segment. iShares 10-20 Year Treasury Bond ETF (TLH) is part of the US Government Bonds segment. PBTP's top 1 sector exposures are Sovereign. In contrast, TLH's top sector exposures are Sovereign and Non-Corporate. PBTP is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.15% for TLH. PBTP is up 1.64% year-to-date (YTD) with +$180M in YTD flows. TLH performs worse with -4.24% YTD performance, and +$121M in YTD flows. Run a side-by-side ETF comparison of PBTP and TLH 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 TLH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBTP TLH | +0.54%-0.53% | +0.01%-3.32% | +1.64%-4.24% | +1.61%-6.10% | +15.27%+11.00% | +15.49%-23.20% |
| Flows | PBTP TLH | +$6M+$756M | +$140M+$1.10B | +$180M+$121M | +$172M+$61M | +$173M+$5.61B | +$210M+$12.42B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBTP TLH | +1.75%+8.68% | +1.62%+7.89% | +1.90%+10.51% | +2.67%+12.56% |
| Max drawdown | PBTP TLH | -1.31%-6.33% | -1.31%-10.32% | -1.31%-11.67% | -5.31%-35.37% |
| Max drawdown duration | PBTP TLH | 57d89d | 57d229d | 57d760d | 640d1776d |
Trading data
PBTP | TLH | |
Last sale 10/19/2026 at 1:30 PM | $25.65 | $93.54 |
| Previous close 10/16/2026 | $25.67 | $94.09 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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PBTP | TLH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
PBTP | TLH | |
|---|---|---|
| Last price | $25.65 | $93.54 |
| 1D performance | -0.10% | -0.58% |
| AuM | $245.68 M | $11.67 B |
| E/R | 0.07% | 0.15% |
Characteristics
PBTP | TLH | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | iShares |
| Benchmark | ICE BofA 0-5 Year US Inflation-Linked Treasury Index | ICE 10-20 Year US Treasury Index |
| N° of holdings | 25 | 62 |
| Asset class | Fixed Income | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2017 | January 5, 2007 |
| ESG | No | No |
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Exposure
Countries
PBTP
USA
100%
Other
0%
TLH
USA
99.97%
Other
0.03%
Sectors
PBTP
Sovereign
100%
Other
0%
TLH
Sovereign
98.75%
Other
1.25%
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Diversification
PBTP
Total weight of top 15 holdings out of 15
66.75%
TLH
Total weight of top 15 holdings out of 15
48.64%
Top 15 holdings
Data as of August 31, 2026
PBTP
USA, TIPS 1.25% 15apr2031, USD (X-2031)
4.95%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
4.76%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
4.70%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
4.61%
USA, TIPS 0.375% 15jan2027, USD (A-2027)
4.54%
USA, TIPS 0.125% 15jul2030, USD (D-2030)
4.49%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
4.48%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
4.46%
USA, TIPS 0.125% 15jan2030, USD (A-2030)
4.37%
USA, TIPS 0.25% 15jul2029, USD (D-2029)
4.36%
USA, TIPS 0.375% 15jul2027, USD (D-2027)
4.34%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
4.32%
USA, TIPS 0.75% 15jul2028, USD (D-2028)
4.16%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
4.11%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
4.09%
TLH
USA, Bonds 4.5% 15feb2044, USD
3.98%
USA, Bonds 4.125% 15aug2044, USD
3.96%
USA, Bonds 3.875% 15may2043, USD
3.55%
USA, Bonds 4.625% 15nov2045, USD
3.37%
USA, Bonds 4% 15nov2042, USD
3.36%
USA, Bonds 4.75% 15feb2045, USD
3.32%
USA, Bonds 4.375% 15aug2043, USD
3.29%
USA, Bonds 4.75% 15nov2043, USD
3.24%
USA, Bonds 3.875% 15feb2043, USD
3.18%
USA, Bonds 3.375% 15aug2042, USD
3.13%
USA, Bonds 1.75% 15aug2041, USD
3.02%
USA, Bonds 2% 15nov2041, USD
2.97%
USA, Bonds 1.875% 15feb2041, USD
2.89%
USA, Bonds 2.375% 15feb2042, USD
2.71%
USA, Bonds 5% 15may2046, USD
2.67%
Frequently asked questions about PBTP and TLH
How have the PBTP and TLH ETFs performed in 2026?
As of October 16, 2026, PBTP is up 1.64% year-to-date (YTD), while TLH has lost -4.24%. That puts PBTP better performer ahead so far this year.
Which ETF is attracting more investor money: PBTP or TLH?
Year-to-date, the PBTP ETF saw +$180M in flows, compared to +$121M for TLH.
Which ETF is more volatile: PBTP or TLH?
Over the past year, PBTP had a volatility of 1.62%, while TLH experienced 7.89%.
Which ETF is bigger: PBTP or TLH?
As of October 16, 2026, PBTP holds $245.68 M in assets under management (AUM), while TLH manages $11.67 B.
What sectors do the PBTP and TLH ETFs invest in?
PBTP leans toward sectors like Sovereign. Meanwhile, TLH focuses on Sovereign.
What are the top holdings of the PBTP ETF and TLH 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). TLH holds in its top three: USA, Bonds 4.5% 15feb2044, USD, USA, Bonds 4.125% 15aug2044, USD and USA, Bonds 3.875% 15may2043, USD.
Which ETF is more diversified: PBTP or TLH?
PBTP holds 25 securities with 66.75% of its assets in the top 15. TLH has 62 securities and a top 15 weight of 48.64%.
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Latest news about PBTP & TLH
U.S. Yield Curve Normalization Signals Economic Resilience
December 16, 2024
TLH
Treasury Yields Soar to November High Amid Hot CPI
April 15, 2024
TLH
Long-Dated Treasuries No Longer Considered a Safe Haven
October 24, 2023
TLH
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