PBTP vs SCHD
Invesco 0-5 Yr US TIPS ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | PBTP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.06% | |
| AUM | $105M | $103.7B | |
| Dividend Yield | 4.81% | 3.31% | |
| Holdings | 26 | 104 | |
| YTD Return | -0.89% | +25.62% | |
| 1Y Return | -1.01% | +32.62% | |
| 3Y Return (annualized) | +3.74% | +15.58% | |
| 5Y Return (annualized) | +2.26% | +9.63% | |
| Volatility (annualized) | 2.7% | 13.6% | |
| Max Drawdown | -5.4% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 19, 2017 | Oct 20, 2011 |
PBTP vs SCHD Performance
Invesco 0-5 Yr US TIPS ETF (PBTP) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PBTP returned -1.01% while SCHD returned +32.62%. Year to date, PBTP is down 0.89% versus a gain of 25.62% for SCHD.
Over three years, PBTP compounded at +3.74% per year against +15.58% for SCHD; over five years the annualized figures are +2.26% and +9.63% respectively. Across the full 9-year window we track, SCHD has the edge at +11.47% annualized vs +2.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -33.4% for SCHD. 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 SCHD charges 0.06%. On a $10,000 position that is $7 vs $6 annually, a gap of $1 per year that compounds over a long holding period. On income, PBTP currently yields 4.81% against 3.31% for SCHD.
Holdings Overlap
PBTP and SCHD share 0 holdings out of 124 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 SCHD?
PBTP has an expense ratio of 0.07% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, PBTP or SCHD?
Over the past year PBTP returned -1.01% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), PBTP annualized +2.87% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, PBTP or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 2.7% for PBTP. Worst drawdown: PBTP -5.4% vs SCHD -33.4%.
Should I hold both PBTP and SCHD?
PBTP and SCHD 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 SCHD?
PBTP and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 124 unique securities.
Which pays a higher dividend, PBTP or SCHD?
PBTP yields 4.81% while SCHD yields 3.31%, so PBTP currently pays the higher dividend yield.
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