PBTP vs VOO
Invesco 0-5 Yr US TIPS ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PBTP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.03% | |
| AUM | $105M | $979.0B | |
| Dividend Yield | 4.81% | 1.09% | |
| Holdings | 26 | 509 | |
| YTD Return | -0.81% | +14.48% | |
| 1Y Return | -1.05% | +22.02% | |
| 3Y Return (annualized) | +3.76% | +21.80% | |
| 5Y Return (annualized) | +2.28% | +13.36% | |
| Volatility (annualized) | 2.7% | 14.2% | |
| Max Drawdown | -5.4% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 19, 2017 | Sep 7, 2010 |
PBTP vs VOO Performance
Invesco 0-5 Yr US TIPS ETF (PBTP) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PBTP returned -1.05% while VOO returned +22.02%. Year to date, PBTP is down 0.81% versus a gain of 14.48% for VOO.
Over three years, PBTP compounded at +3.76% per year against +21.80% for VOO; over five years the annualized figures are +2.28% and +13.36% respectively. Across the full 9-year window we track, VOO has the edge at +13.61% annualized vs +2.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -34.3% for VOO. 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 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PBTP charges 0.07% per year while VOO charges 0.03%. On a $10,000 position that is $7 vs $3 annually, a gap of $4 per year that compounds over a long holding period. On income, PBTP currently yields 4.81% against 1.09% for VOO.
Holdings Overlap
PBTP and VOO share 0 holdings out of 529 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 VOO?
PBTP has an expense ratio of 0.07% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, PBTP or VOO?
Over the past year PBTP returned -1.05% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (9 years), PBTP annualized +2.87% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, PBTP or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 2.7% for PBTP. Worst drawdown: PBTP -5.4% vs VOO -34.3%.
Should I hold both PBTP and VOO?
PBTP and VOO have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PBTP and VOO?
PBTP and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, PBTP or VOO?
PBTP yields 4.81% while VOO yields 1.09%, so PBTP currently pays the higher dividend yield.
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