PXF vs TBLL

Comparison between INVESCO FTSE RAFI DEVELOPED MARKETS EX-U.S. ETF (PXF, ETF) and INVESCO SHORT TERM TREASURY ETF (TBLL, ETF).

5-Year PerformancePXF has outperformed TBLL, delivering a return of +12.5% compared to +3.4%

PXF vs TBLL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PXF(ETF)	TBLL(ETF)
Net Assets	$2.80B	$2.90B
Expense Ratio	0.43%	0.08%
Max Drawdown	65.71%	1.30%
Sharpe Ratio	1.89	1.24
5Y Beta	0.70	-0.00
5Y Dividends CAGR	19.20%	69.64%

Net Assets

PXF

$2.80B

Winner

TBLL

$2.90B

Expense Ratio

PXF

0.43%

Winner

TBLL

0.08%

Max Drawdown

PXF

65.71%

Winner

TBLL

1.30%

Sharpe Ratio

Winner

PXF

1.89

TBLL

1.24

5Y Beta

PXF

0.70

Winner

TBLL

-0.00

5Y Dividends CAGR

PXF

19.20%

Winner

TBLL

69.64%

PXF vs TBLL - Historical Returns

Returns include dividend reinvestment.

Period	PXF	TBLL
1 month	+1.02%	+0.30%
3 months	+7.08%	+0.89%
6 months	+18.69%	+1.74%
1 year	+37.68%	+3.92%
5 years(CAGR)	+12.51%	+3.36%
10 years(CAGR)	+11.23%	+2.38%
Max(CAGR)	+5.35%	+2.38%

Winner

PXF

+1.02%

TBLL

+0.30%

Winner

PXF

+7.08%

TBLL

+0.89%

Winner

PXF

+18.69%

TBLL

+1.74%

Winner

PXF

+37.68%

TBLL

+3.92%

5Y(CAGR)

Winner

PXF

+12.51%

TBLL

+3.36%

10Y(CAGR)

Winner

PXF

+11.23%

TBLL

+2.38%

Max(CAGR)

Winner

PXF

+5.35%

TBLL

+2.38%

PXF vs TBLL - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	PXF	TBLL
2026	+14.04%	+1.42%
2025	+42.94%	+4.21%
2024	+5.44%	+5.11%
2023	+17.64%	+4.98%
2022	-9.89%	+1.12%
2021	+15.16%	-0.02%
2020	+1.75%	+0.87%
2019	+17.66%	+2.16%
2018	-15.52%	+1.83%
2017	+23.77%	+0.62%
2016	+8.91%	N/A
2015	-5.40%	N/A
2014	-5.31%	N/A
2013	+22.01%	N/A
2012	+13.11%	N/A
2011	-17.35%	N/A
2010	+3.74%	N/A
2009	+37.81%	N/A
2008	-41.42%	N/A
2007	+2.78%	N/A

PXF vs TBLL Drawdown Comparison

The maximum drawdown for PXF was -64.74%, occurring on Mar 9, 2009. Recovery took 2408 trading sessions.

The maximum drawdown for TBLL was -0.63%, occurring on Feb 14, 2022. Recovery took 631 trading sessions.

The current PXF drawdown is -4.74%.

Rank	PXF	TBLL
#1	-64.74% Dec 19, 2007 - Jul 14, 2017	-0.63% May 11, 2020 - Nov 9, 2022
#2	-41.56% Jan 26, 2018 - Jan 7, 2021	-0.52% Mar 18, 2020 - May 11, 2020
#3	-26.85% Jan 12, 2022 - Jul 26, 2023	-0.36% Sep 28, 2023 - Oct 20, 2023
#4	-14.06% Mar 19, 2025 - May 2, 2025	-0.18% Dec 19, 2023 - Dec 21, 2023
#5	-11.27% Jul 13, 2007 - Oct 11, 2007	-0.17% Apr 1, 2019 - Apr 4, 2019
#6	-10.91% Feb 27, 2026 - May 6, 2026	-0.16% Sep 24, 2018 - Oct 22, 2018
#7	-10.24% Jul 28, 2023 - Dec 13, 2023	-0.15% Dec 19, 2019 - Jan 23, 2020
#8	-9.35% Sep 26, 2024 - Mar 5, 2025	-0.14% Mar 13, 2020 - Mar 18, 2020
#9	-8.79% Oct 31, 2007 - Dec 19, 2007	-0.11% Dec 4, 2018 - Dec 7, 2018
#10	-8.39% Jun 7, 2021 - Jan 11, 2022	-0.10% Nov 10, 2022 - Nov 14, 2022
#11	-7.30% Jul 12, 2024 - Aug 21, 2024	-0.10% Nov 13, 2017 - Nov 28, 2017
#12	-5.18% Jan 8, 2021 - Feb 11, 2021	-0.10% Aug 17, 2018 - Aug 22, 2018
#13	-5.02% Nov 12, 2025 - Dec 3, 2025	-0.09% Nov 6, 2023 - Nov 9, 2023
#14	-4.74% Jun 2, 2026 - Jun 5, 2026	-0.08% Dec 15, 2023 - Dec 19, 2023
#15	-4.64% May 17, 2024 - Jul 12, 2024	-0.08% Jul 11, 2024 - Jul 15, 2024

Correlation

Correlation between PXF and TBLL is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2007 - 2026)

PXF vs TBLL dividend yield comparison.

Year	PXF	TBLL
2026	0.65%	1.45%
2025	3.64%	4.08%
2024	3.48%	4.99%
2023	3.55%	4.63%
2022	3.58%	1.37%
2021	3.74%	0.03%
2020	2.11%	0.80%
2019	3.50%	2.08%
2018	3.38%	1.69%
2017	2.78%	0.71%
2016	3.21%	0.00%
2015	3.10%	0.00%
2014	4.00%	0.00%
2013	2.41%	0.00%
2012	2.69%	0.00%
2011	2.20%	0.00%
2010	2.50%	0.00%
2009	2.04%	0.00%
2008	3.05%	0.00%
2007	0.22%	0.00%