PBTP vs MMSD

Comparison between INVESCO 0-5 YR US TIPS ETF (PBTP, ETF) and IQ MACKAY MUNICIPAL SHORT DURATION ETF (MMSD, ETF).

PBTP vs MMSD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PBTP(ETF)	MMSD(ETF)
Net Assets	$68M	$68M
Expense Ratio	0.07%	0.25%
Max Drawdown	9.90%	1.85%
Sharpe Ratio	0.51	0.45
5Y Beta	-0.01	0.03
5Y Dividends CAGR	25.87%	N/A

Net Assets

PBTP

$68M

Winner

MMSD

$68M

Expense Ratio

Winner

PBTP

0.07%

MMSD

0.25%

Max Drawdown

PBTP

9.90%

Winner

MMSD

1.85%

Sharpe Ratio

Winner

PBTP

0.51

MMSD

0.45

5Y Beta

Winner

PBTP

-0.01

MMSD

0.03

5Y Dividends CAGR

PBTP

25.87%

MMSD

N/A

PBTP vs MMSD - Historical Returns

Returns include dividend reinvestment.

Period	PBTP	MMSD
1 month	-0.19%	+0.52%
3 months	+0.90%	+0.54%
6 months	+2.00%	+1.65%
1 year	+4.50%	+4.34%
5 years(CAGR)	+3.33%	N/A
10 years(CAGR)	+3.39%	N/A
Max(CAGR)	+3.39%	+4.59%

PBTP

-0.19%

Winner

MMSD

+0.52%

Winner

PBTP

+0.90%

MMSD

+0.54%

Winner

PBTP

+2.00%

MMSD

+1.65%

Winner

PBTP

+4.50%

MMSD

+4.34%

5Y(CAGR)

PBTP

+3.33%

MMSD

N/A

10Y(CAGR)

PBTP

+3.39%

MMSD

N/A

Max(CAGR)

PBTP

+3.39%

Winner

MMSD

+4.59%

PBTP vs MMSD - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	PBTP	MMSD
2026	+1.93%	+1.32%
2025	+5.90%	+3.66%
2024	+4.79%	N/A
2023	+4.57%	N/A
2022	-3.02%	N/A
2021	+5.41%	N/A
2020	+4.75%	N/A
2019	+4.74%	N/A
2018	+0.59%	N/A
2017	+0.04%	N/A

PBTP vs MMSD Drawdown Comparison

The maximum drawdown for PBTP was -5.44%, occurring on Sep 30, 2022. Recovery took 443 trading sessions.

The maximum drawdown for MMSD was -1.35%, occurring on Mar 26, 2026. Recovery took 73 trading sessions.

The current PBTP drawdown is -0.23%. The current MMSD drawdown is -0.12%.

Rank	PBTP	MMSD
#1	-5.44% Mar 11, 2022 - Dec 14, 2023	-1.35% Feb 26, 2026 - Jun 11, 2026
#2	-5.35% Mar 5, 2020 - Jun 8, 2020	-0.49% Sep 15, 2025 - Dec 16, 2025
#3	-2.18% Nov 17, 2021 - Mar 1, 2022	-0.36% May 16, 2025 - May 27, 2025
#4	-1.04% Nov 15, 2018 - Jan 31, 2019	-0.22% May 6, 2025 - May 16, 2025
#5	-1.03% Apr 30, 2025 - Jun 26, 2025	-0.16% Jul 10, 2025 - Jul 21, 2025
#6	-1.00% Apr 3, 2025 - Apr 28, 2025	-0.16% Jan 14, 2026 - Jan 21, 2026
#7	-0.97% Aug 24, 2018 - Nov 15, 2018	-0.14% Jun 12, 2025 - Jun 23, 2025
#8	-0.81% Sep 24, 2024 - Jan 15, 2025	-0.13% Jun 5, 2025 - Jun 10, 2025
#9	-0.68% Jan 31, 2024 - Mar 1, 2024	-0.12% Jul 29, 2025 - Jul 31, 2025
#10	-0.66% Mar 17, 2026 - Apr 7, 2026	-0.12% Jun 11, 2026 - Jun 12, 2026
#11	-0.63% Aug 3, 2021 - Aug 27, 2021	-0.10% Jan 21, 2026 - Jan 28, 2026
#12	-0.63% May 18, 2021 - Jul 2, 2021	-0.08% May 27, 2025 - May 30, 2025
#13	-0.60% Feb 12, 2021 - Mar 2, 2021	-0.08% Sep 8, 2025 - Sep 10, 2025
#14	-0.53% Oct 22, 2025 - Jan 7, 2026	-0.08% Dec 18, 2025 - Dec 29, 2025
#15	-0.53% Sep 9, 2021 - Oct 14, 2021	-0.08% Jan 9, 2026 - Jan 14, 2026