PBTP vs QQQ
Invesco 0-5 Yr US TIPS ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
PBTP has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | PBTP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.18% | |
| AUM | $130M | $496.3B | |
| Dividend Yield | 4.80% | 0.44% | |
| Holdings | 26 | 108 | |
| YTD Return | -0.62% | +16.64% | |
| 1Y Return | -0.85% | +27.27% | |
| 3Y Return (annualized) | +3.88% | +25.96% | |
| 5Y Return (annualized) | +2.34% | +14.54% | |
| Volatility (annualized) | 2.7% | 30.6% | |
| Max Drawdown | -5.4% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 19, 2017 | Mar 10, 1999 |
PBTP vs QQQ Performance
Invesco 0-5 Yr US TIPS ETF (PBTP) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PBTP returned -0.85% while QQQ returned +27.27%. Year to date, PBTP is down 0.62% versus a gain of 16.64% for QQQ.
Over three years, PBTP compounded at +3.88% per year against +25.96% for QQQ; over five years the annualized figures are +2.34% and +14.54% respectively. Across the full 9-year window we track, QQQ has the edge at +13.03% annualized vs +2.89%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
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 0.44% for QQQ.
Holdings Overlap
PBTP and QQQ share 0 holdings out of 126 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $11 per year of difference.
Which performed better, PBTP or QQQ?
Over the past year PBTP returned -0.85% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), PBTP annualized +2.89% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, PBTP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 2.7% for PBTP. Worst drawdown: PBTP -5.4% vs QQQ -83.0%.
Should I hold both PBTP and QQQ?
PBTP and QQQ have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PBTP and QQQ?
PBTP and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 126 unique securities.
Which pays a higher dividend, PBTP or QQQ?
PBTP yields 4.80% while QQQ yields 0.44%, so PBTP currently pays the higher dividend yield.
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