PBTPvsTLTETF Comparison

ETF 1

PBTP

Invesco PureBeta 0-5 Yr US TIPS ETF

This fund is part of

Inflation-linked Bonds

-0.01%

Full PBTP fund page

ETF 2

TLT

iShares 20+ Year Treasury Bond ETF

This fund is part of

US Government Bonds

-0.23%

Full TLT fund page

Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) belongs to the Inflation-linked Bonds segment. iShares 20+ Year Treasury Bond ETF (TLT) is part of the US Government Bonds segment. PBTP's top 1 sector exposures are Sovereign. In contrast, TLT'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 TLT. PBTP is up 1.74% year-to-date (YTD) with +$170M in YTD flows. TLT performs worse with -3.27% YTD performance, and +$2.13B in YTD flows. Run a side-by-side ETF comparison of PBTP and TLT 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 TLT performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PBTP TLT	+0.12%-0.02%	-0.20%-3.09%	+1.74%-3.27%	+2.08%-0.02%	+15.62%-1.99%	+15.86%-34.42%
Flows	PBTP TLT	+$121M+$5.56B	+$170M+$5.98B	+$170M+$2.13B	+$164M+$1.78B	+$157M+$13.29B	+$204M+$47.29B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PBTP TLT	+1.68%+9.64%	+1.48%+9.36%	+1.91%+13.32%	+2.65%+15.49%
Max drawdown	PBTP TLT	-0.75%-6.21%	-0.80%-8.29%	-1.06%-14.78%	-5.31%-43.68%
Max drawdown duration	PBTP TLT	77d64d	24d184d	22d715d	640d1731d

Trading data

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	PBTP	TLT
Last sale 9/1/2026 at 7:59 PM	$25.71	$81.95
Previous close 09/01/2026	$25.70	$81.87
Consolidated volume 09/01/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 2, 2026

1-year trailing difference

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	PBTP	TLT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/1/2026 at 7:59 PM

Live

Closed

	PBTP	TLT
Last price	$25.71	$81.95
1D performance	+0.04%	+0.10%
AuM	$236.58 M	$46.93 B
E/R	0.07%	0.15%

Characteristics

	PBTP	TLT
Management strategy	Passive	Passive
Provider	Invesco	iShares
Benchmark	ICE BofAML 0-5 Year US Inflation-Linked Treasury Index	ICE U.S. Treasury 20+ Year Bond Index
N° of holdings	24	47
Asset class	Fixed Income	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	September 22, 2017	July 22, 2002
ESG	No	No

More PBTP data on Trackinsight

More TLT data on Trackinsight

Exposure

Countries

PBTP

USA

100%

Other

TLT

USA

100%

Other

Sectors

PBTP

Sovereign

100%

Other

TLT

Sovereign

100%

Other

Diversification

PBTP

Total weight of top 15 holdings out of 15

69.4%

TLT

Total weight of top 15 holdings out of 15

59.52%

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%

TLT

USA, Bonds 4.125% 15aug2053, USD

4.68%

USA, Bonds 4.75% 15nov2053, USD

4.55%

USA, Bonds 4.75% 15may2055, USD

4.51%

USA, Bonds 4.625% 15may2054, USD

4.45%

USA, Bonds 4.25% 15feb2054, USD

4.13%

USA, Bonds 4.75% 15feb2056, USD

4.04%

USA, Bonds 4.25% 15aug2054, USD

4.03%

USA, Bonds 3.625% 15may2053, USD

3.90%

USA, Bonds 4.625% 15feb2055, USD

3.89%

USA, Bonds 2% 15aug2051, USD

3.80%

USA, Bonds 4.5% 15nov2054, USD

3.79%

USA, Bonds 1.875% 15nov2051, USD

3.79%

USA, Bonds 4% 15nov2052, USD

3.66%

USA, Bonds 4.625% 15nov2055, USD

3.25%

USA, Bonds 3.625% 15feb2053, USD

3.04%

Frequently asked questions about PBTP and TLT

How have the PBTP and TLT ETFs performed in 2026?

As of September 1, 2026, PBTP is up 1.74% year-to-date (YTD), while TLT has lost -3.27%. That puts PBTP better performer ahead so far this year.

Which ETF is attracting more investor money: PBTP or TLT?

Year-to-date, the PBTP ETF saw +$170M in flows, compared to +$2.13B for TLT.

Which ETF is more volatile: PBTP or TLT?

Over the past year, PBTP had a volatility of 1.48%, while TLT experienced 9.36%.

Which ETF is bigger: PBTP or TLT?

As of September 1, 2026, PBTP holds $236.58 M in assets under management (AUM), while TLT manages $46.93 B.

What sectors do the PBTP and TLT ETFs invest in?

PBTP leans toward sectors like Sovereign. Meanwhile, TLT focuses on Sovereign.

What are the top holdings of the PBTP ETF and TLT 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). TLT holds in its top three: USA, Bonds 4.125% 15aug2053, USD, USA, Bonds 4.75% 15nov2053, USD and USA, Bonds 4.75% 15may2055, USD.

PBTPvsTLTETF Comparison

Invesco PureBeta 0-5 Yr US TIPS ETF

iShares 20+ Year Treasury Bond ETF

PBTP vs TLT performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PBTP and TLT ETFs performed in 2026?

As of September 1, 2026, PBTP is up 1.74% year-to-date (YTD), while TLT has lost -3.27%. That puts PBTP better performer ahead so far this year.

Which ETF is attracting more investor money: PBTP or TLT?

Year-to-date, the PBTP ETF saw +$170M in flows, compared to +$2.13B for TLT.

Which ETF is more volatile: PBTP or TLT?

Over the past year, PBTP had a volatility of 1.48%, while TLT experienced 9.36%.

Which ETF is bigger: PBTP or TLT?

As of September 1, 2026, PBTP holds $236.58 M in assets under management (AUM), while TLT manages $46.93 B.

What sectors do the PBTP and TLT ETFs invest in?

PBTP leans toward sectors like Sovereign. Meanwhile, TLT focuses on Sovereign.

What are the top holdings of the PBTP ETF and TLT 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). TLT holds in its top three: USA, Bonds 4.125% 15aug2053, USD, USA, Bonds 4.75% 15nov2053, USD and USA, Bonds 4.75% 15may2055, USD.

Which ETF is more diversified: PBTP or TLT?

PBTP holds 24 securities with 69.4% of its assets in the top 15. TLT has 47 securities and a top 15 weight of 59.52%.

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