PBTP vs PHDG

Comparison between INVESCO 0-5 YR US TIPS ETF (PBTP, ETF) and INVESCO S&P 500 DOWNSIDE HEDGED ETF (PHDG, ETF).

5-Year PerformancePHDG has outperformed PBTP, delivering a return of +5.0% compared to +3.3%

PBTP vs PHDG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PBTP(ETF)	PHDG(ETF)
Net Assets	$68M	$68M
Expense Ratio	0.07%	0.39%
Max Drawdown	9.90%	23.59%
Sharpe Ratio	0.59	1.66
5Y Beta	-0.01	0.30
5Y Dividends CAGR	25.87%	28.74%

Net Assets

PBTP

$68M

PHDG

$68M

Expense Ratio

Winner

PBTP

0.07%

PHDG

0.39%

Max Drawdown

Winner

PBTP

9.90%

PHDG

23.59%

Sharpe Ratio

PBTP

0.59

Winner

PHDG

1.66

5Y Beta

Winner

PBTP

-0.01

PHDG

0.30

5Y Dividends CAGR

PBTP

25.87%

Winner

PHDG

28.74%

PBTP vs PHDG - Historical Returns

Returns include dividend reinvestment.

Period	PBTP	PHDG
1 month	-0.19%	-0.34%
3 months	+0.90%	+9.29%
6 months	+2.00%	+10.55%
1 year	+4.50%	+21.26%
5 years(CAGR)	+3.33%	+5.02%
10 years(CAGR)	+3.39%	+7.03%
Max(CAGR)	+3.39%	+5.75%

Winner

PBTP

-0.19%

PHDG

-0.34%

PBTP

+0.90%

Winner

PHDG

+9.29%

PBTP

+2.00%

Winner

PHDG

+10.55%

PBTP

+4.50%

Winner

PHDG

+21.26%

5Y(CAGR)

PBTP

+3.33%

Winner

PHDG

+5.02%

10Y(CAGR)

PBTP

+3.39%

Winner

PHDG

+7.03%

Max(CAGR)

PBTP

+3.39%

Winner

PHDG

+5.75%

PBTP vs PHDG - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	PBTP	PHDG
2026	+1.93%	+11.61%
2025	+5.90%	+2.46%
2024	+4.79%	+11.96%
2023	+4.57%	+8.79%
2022	-3.02%	-14.38%
2021	+5.41%	+16.13%
2020	+4.75%	+18.15%
2019	+4.74%	+8.89%
2018	+0.59%	-3.39%
2017	+0.04%	+15.36%
2016	N/A	-0.25%
2015	N/A	-9.72%
2014	N/A	+6.86%
2013	N/A	+12.19%
2012	N/A	-0.01%

PBTP vs PHDG Drawdown Comparison

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

The maximum drawdown for PHDG was -17.69%, occurring on Nov 3, 2016. Recovery took 759 trading sessions.

The current PBTP drawdown is -0.23%. The current PHDG drawdown is -3.52%.

Rank	PBTP	PHDG
#1	-5.44% Mar 11, 2022 - Dec 14, 2023	-17.69% Dec 5, 2014 - Dec 11, 2017
#2	-5.35% Mar 5, 2020 - Jun 8, 2020	-17.06% Dec 27, 2021 - Jun 12, 2024
#3	-2.18% Nov 17, 2021 - Mar 1, 2022	-15.87% Mar 18, 2020 - Aug 24, 2020
#4	-1.04% Nov 15, 2018 - Jan 31, 2019	-14.79% Dec 4, 2024 - Mar 2, 2026
#5	-1.03% Apr 30, 2025 - Jun 26, 2025	-12.79% Feb 6, 2018 - Mar 12, 2020
#6	-1.00% Apr 3, 2025 - Apr 28, 2025	-10.06% Sep 2, 2020 - Apr 15, 2021
#7	-0.97% Aug 24, 2018 - Nov 15, 2018	-6.11% Aug 5, 2024 - Dec 4, 2024
#8	-0.81% Sep 24, 2024 - Jan 15, 2025	-5.20% Aug 2, 2013 - Dec 23, 2013
#9	-0.68% Jan 31, 2024 - Mar 1, 2024	-4.42% Sep 7, 2021 - Nov 2, 2021
#10	-0.66% Mar 17, 2026 - Apr 7, 2026	-4.37% Jul 16, 2024 - Aug 5, 2024
#11	-0.63% Aug 3, 2021 - Aug 27, 2021	-3.88% Jun 4, 2026 - Jun 11, 2026
#12	-0.63% May 18, 2021 - Jul 2, 2021	-3.69% Apr 2, 2014 - Jun 9, 2014
#13	-0.60% Feb 12, 2021 - Mar 2, 2021	-3.44% Dec 31, 2013 - Feb 28, 2014
#14	-0.53% Oct 22, 2025 - Jan 7, 2026	-3.37% Mar 10, 2026 - Apr 8, 2026
#15	-0.53% Sep 9, 2021 - Oct 14, 2021	-3.26% May 12, 2021 - Jul 2, 2021

Correlation

Correlation between PBTP and PHDG is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2012 - 2026)

PBTP vs PHDG dividend yield comparison.

Year	PBTP	PHDG
2026	0.14%	0.36%
2025	3.82%	2.10%
2024	2.59%	1.94%
2023	2.36%	1.93%
2022	5.33%	1.35%
2021	3.12%	0.44%
2020	1.25%	0.63%
2019	2.12%	1.80%
2018	2.33%	1.56%
2017	0.73%	1.83%
2016	0.00%	2.29%
2015	0.00%	1.64%
2014	0.00%	5.46%
2013	0.00%	1.76%
2012	0.00%	0.09%