PBTPvsVGSHETF Comparison
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Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) belongs to the Inflation-linked Bonds segment. Vanguard Short-Term Treasury ETF (VGSH) 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 VGSH. PBTP is up 1.77% year-to-date (YTD) with +$170M in YTD flows. VGSH performs worse with 1% YTD performance, and +$9.37B in YTD flows. Run a side-by-side ETF comparison of PBTP and VGSH 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 VGSH 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 VGSH | +0.15%+0.15% | -0.18%+0.46% | +1.77%+1.00% | +2.10%+2.46% | +15.65%+13.34% | +15.80%+9.89% |
| Flows | PBTP VGSH | +$121M+$4.65B | +$169M+$5.52B | +$170M+$9.37B | +$164M+$12.36B | +$157M+$12.34B | +$204M+$22.35B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBTP VGSH | +1.68%+1.34% | +1.48%+1.22% | +1.91%+1.55% | +2.65%+1.95% |
| Max drawdown | PBTP VGSH | -0.75%-0.30% | -0.80%-0.85% | -1.06%-0.96% | -5.31%-5.72% |
| Max drawdown duration | PBTP VGSH | 77d8d | 24d123d | 22d122d | 640d972d |
Trading data
PBTP | VGSH | |
Last sale 9/3/2026 at 1:30 PM | $25.73 | $57.92 |
| Previous close 09/02/2026 | $25.72 | $57.88 |
| 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 | VGSH | |
|---|---|---|
| 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 | VGSH | |
|---|---|---|
| Last price | $25.73 | $57.92 |
| 1D performance | +0.04% | +0.06% |
| AuM | $236.64 M | $34.72 B |
| E/R | 0.07% | 0.03% |
Characteristics
PBTP | VGSH | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Vanguard |
| Benchmark | ICE BofAML 0-5 Year US Inflation-Linked Treasury Index | Bloomberg US Treasury 1-3 Year Index |
| N° of holdings | 24 | 91 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2017 | November 19, 2009 |
| ESG | No | No |
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Exposure
Countries
PBTP
USA
100%
Other
0%
VGSH
USA
99.39%
Other
0.61%
Sectors
PBTP
Sovereign
100%
Other
0%
VGSH
Sovereign
99.39%
Other
0.61%
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Diversification
PBTP
Total weight of top 15 holdings out of 15
69.4%
VGSH
Total weight of top 15 holdings out of 15
20.24%
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%
VGSH
USA, Notes 3.5% 31jan2028, USD (U-2028)
2.24%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
1.40%
USA, Notes 4.5% 31may2029, USD (Z-2029)
1.36%
USA, Notes 4% 31jul2029, USD (AB-2029)
1.36%
USA, Notes 4.25% 30jun2029, USD (AA-2029)
1.30%
USA, Notes 4.25% 28feb2029, USD (V-2029)
1.30%
USA, Notes 4.125% 31mar2029, USD (W-2029)
1.30%
USA, Notes 2.875% 15aug2028, USD (E-2028)
1.26%
USA, Notes 3.75% 15aug2027, USD (AR-2027)
1.26%
USA, Notes 4.25% 15jan2028, USD (AJ-2028)
1.25%
USA, Notes 2.875% 15may2028, USD (C-2028)
1.25%
USA, Notes 3.875% 15jul2028, USD (AQ-2028)
1.25%
USA, Notes 3.375% 29feb2028, USD (AY-2028)
1.25%
USA, Notes 1% 31jul2028, USD (N-2028)
1.24%
USA, Notes 1.125% 29feb2028, USD (H-2028)
1.23%
Frequently asked questions about PBTP and VGSH
How have the PBTP and VGSH ETFs performed in 2026?
As of September 2, 2026, PBTP is up 1.77% year-to-date (YTD), while VGSH has returned 1%. That puts PBTP better performer ahead so far this year.
Which ETF is attracting more investor money: PBTP or VGSH?
Year-to-date, the PBTP ETF saw +$170M in flows, compared to +$9.37B for VGSH.
Which ETF is more volatile: PBTP or VGSH?
Over the past year, PBTP had a volatility of 1.48%, while VGSH experienced 1.22%.
Which ETF is bigger: PBTP or VGSH?
As of September 2, 2026, PBTP holds $236.64 M in assets under management (AUM), while VGSH manages $34.72 B.
What sectors do the PBTP and VGSH ETFs invest in?
PBTP leans toward sectors like Sovereign. Meanwhile, VGSH focuses on Sovereign.
What are the top holdings of the PBTP ETF and VGSH 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). VGSH 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 VGSH?
PBTP holds 24 securities with 69.4% of its assets in the top 15. VGSH has 91 securities and a top 15 weight of 20.24%.
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