PHDG vs PBTP

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

5-Year PerformancePHDG has outperformed PBTP, delivering a return of +6.0% compared to +3.3%

PHDG vs PBTP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PHDG(ETF)	PBTP(ETF)
Net Assets	$68M	$68M
Expense Ratio	0.39%	0.07%
Max Drawdown	23.59%	9.90%
Sharpe Ratio	1.70	0.51
5Y Beta	0.30	-0.01
5Y Dividends CAGR	28.74%	25.87%

Net Assets

PHDG

$68M

PBTP

$68M

Expense Ratio

PHDG

0.39%

Winner

PBTP

0.07%

Max Drawdown

PHDG

23.59%

Winner

PBTP

9.90%

Sharpe Ratio

Winner

PHDG

1.70

PBTP

0.51

5Y Beta

PHDG

0.30

Winner

PBTP

-0.01

5Y Dividends CAGR

Winner

PHDG

28.74%

PBTP

25.87%

PHDG vs PBTP - Historical Returns

Returns include dividend reinvestment.

Period	PHDG	PBTP
1 month	+3.95%	-0.02%
3 months	+14.25%	+0.86%
6 months	+15.73%	+2.01%
1 year	+27.05%	+4.50%
5 years(CAGR)	+6.01%	+3.31%
10 years(CAGR)	+7.55%	+3.39%
Max(CAGR)	+6.09%	+3.39%

Winner

PHDG

+3.95%

PBTP

-0.02%

Winner

PHDG

+14.25%

PBTP

+0.86%

Winner

PHDG

+15.73%

PBTP

+2.01%

Winner

PHDG

+27.05%

PBTP

+4.50%

5Y(CAGR)

Winner

PHDG

+6.01%

PBTP

+3.31%

10Y(CAGR)

Winner

PHDG

+7.55%

PBTP

+3.39%

Max(CAGR)

Winner

PHDG

+6.09%

PBTP

+3.39%

PHDG vs PBTP - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	PHDG	PBTP
2026	+16.64%	+1.93%
2025	+2.46%	+5.90%
2024	+11.96%	+4.79%
2023	+8.79%	+4.57%
2022	-14.38%	-3.02%
2021	+16.13%	+5.41%
2020	+18.15%	+4.75%
2019	+8.89%	+4.74%
2018	-3.39%	+0.59%
2017	+15.36%	+0.04%
2016	-0.25%	N/A
2015	-9.72%	N/A
2014	+6.86%	N/A
2013	+12.19%	N/A
2012	-0.01%	N/A

PHDG vs PBTP Drawdown Comparison

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

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

The current PBTP drawdown is -0.23%.

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

Correlation

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

0.94

-101

Dividend Comparison (2012 - 2026)

PHDG vs PBTP dividend yield comparison.

Year	PHDG	PBTP
2026	0.34%	0.14%
2025	2.10%	3.82%
2024	1.94%	2.59%
2023	1.93%	2.36%
2022	1.35%	5.33%
2021	0.44%	3.12%
2020	0.63%	1.25%
2019	1.80%	2.12%
2018	1.56%	2.33%
2017	1.83%	0.73%
2016	2.29%	0.00%
2015	1.64%	0.00%
2014	5.46%	0.00%
2013	1.76%	0.00%
2012	0.09%	0.00%