PBTP vs QQQ
Invesco 0-5 Yr US TIPS ETF vs Invesco QQQ Trust, Series 1
Which is better, PBTP or QQQ?
Inflation Protection against Large Cap Growth.
PBTP has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PBTP | QQQ |
|---|---|---|
| Expense Ratio | 0.07%Best | 0.18% |
| AUM | $241M | $498.6B |
| Dividend Yield | 4.80% | 0.42% |
| Holdings | 56 | 321 |
| YTD Return | -1.45% | +22.95%Best |
| 1Y Return | -2.39% | +23.60%Best |
| 3Y Return (annualized) | +3.48% | +27.53%Best |
| 5Y Return (annualized) | +2.03% | +16.67%Best |
| Volatility (annualized) | 2.7%Best | 19.8% |
| Max Drawdown | -5.4%Best | -35.1% |
| $10,000 over 5 years | $11,057 | $21,617Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | Inflation Protection | Large Cap Growth |
| Inception | Sep 19, 2017 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 22, 2017 to Oct 9, 2026 (9 years).
PBTP vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
PBTP vs QQQ Performance
Invesco 0-5 Yr US TIPS ETF (PBTP) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year PBTP returned -2.39% while QQQ returned +23.60%. Year to date, PBTP is down 1.45% versus a gain of 22.95% for QQQ.
Over three years, PBTP compounded at +3.48% per year against +27.53% for QQQ; over five years the annualized figures are +2.03% and +16.67% respectively. Across the full 9-year window we track, QQQ has the edge at +20.45% annualized vs +2.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.8% compared with 2.7% for PBTP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -5.4% for PBTP and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.45. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PBTP charges 0.07% per year while QQQ charges 0.18%. On a $10,000 position that is $7 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, PBTP currently yields 4.80% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 24 holdings in PBTP and 102 in QQQ, totalling 90.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 24 positions we hold weights for in PBTP and 102 in QQQ, against full books of 56 and 321.
You are not choosing between two funds in isolation.
Whichever of PBTP and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PBTP or QQQ?
PBTP has an expense ratio of 0.07% while QQQ charges 0.18%. PBTP is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, PBTP or QQQ?
Over the past year PBTP returned -2.39% vs +23.60% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), PBTP annualized +2.75% vs +20.45% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBTP or QQQ?
QQQ has been the more volatile fund at 19.8% annualized versus 2.7% for PBTP. Worst drawdown: PBTP -5.4% vs QQQ -35.1%.
Should I hold both PBTP and QQQ?
PBTP and QQQ have a monthly-return correlation of 0.45, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PBTP or QQQ?
PBTP yields 4.80% while QQQ yields 0.42%, so PBTP currently pays the higher dividend yield.
Is QQQ better than PBTP?
PBTP has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.