AVES vs. LTPZ
AVES (Avantis Emerging Markets Value ETF) and LTPZ (PIMCO 15+ Year US TIPS Index ETF) are both exchange-traded funds - AVES is a Emerging Markets Equities fund actively managed by Avantis, while LTPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (15+ Y). AVES is actively managed, while LTPZ is passively managed. Over the past 3 years, AVES returned 19.19%/yr vs -0.67%/yr for LTPZ. At a 0.16 correlation, their price movements are largely independent. AVES charges 0.36%/yr vs 0.20%/yr for LTPZ.
Performance
AVES vs. LTPZ - Performance Comparison
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Returns By Period
In the year-to-date period, AVES achieves a 15.51% return, which is significantly higher than LTPZ's 0.53% return.
AVES
- 1D
- 0.32%
- 1M
- 0.12%
- YTD
- 15.51%
- 6M
- 18.20%
- 1Y
- 31.51%
- 3Y*
- 19.19%
- 5Y*
- —
- 10Y*
- —
LTPZ
- 1D
- 0.11%
- 1M
- 1.30%
- YTD
- 0.53%
- 6M
- 0.57%
- 1Y
- 4.30%
- 3Y*
- -0.67%
- 5Y*
- -5.50%
- 10Y*
- 0.75%
AVES vs. LTPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AVES Avantis Emerging Markets Value ETF | 15.51% | 30.49% | 4.50% | 16.79% | -16.04% | 0.95% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | 0.53% | 4.00% | -4.80% | 0.96% | -31.71% | 6.37% |
Correlation
The correlation between AVES and LTPZ is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.16 |
The correlation between AVES and LTPZ shifts across timeframes, from 0.16 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AVES vs. LTPZ — Risk / Return Rank
AVES
LTPZ
AVES vs. LTPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Value ETF (AVES) and PIMCO 15+ Year US TIPS Index ETF (LTPZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AVES | LTPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.07 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 0.52 | +1.80 |
| Martin ratioReturn relative to average drawdown | 8.40 | 1.11 | +7.28 |
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Drawdowns
AVES vs. LTPZ - Drawdown Comparison
The maximum AVES drawdown since its inception was -27.40%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for AVES and LTPZ.
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Drawdown Indicators
| AVES | LTPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.40% | -40.99% | +13.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -7.00% | -5.90% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -16.27% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.99% | — |
Current DrawdownCurrent decline from peak | -2.45% | -32.66% | +30.21% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -12.44% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.28% | +0.28% |
Volatility
AVES vs. LTPZ - Volatility Comparison
Avantis Emerging Markets Value ETF (AVES) has a higher volatility of 8.89% compared to PIMCO 15+ Year US TIPS Index ETF (LTPZ) at 2.55%. This indicates that AVES's price experiences larger fluctuations and is considered to be riskier than LTPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVES | LTPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 2.55% | +6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 15.88% | 6.54% | +9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.34% | 9.19% | +9.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 15.87% | +1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 15.07% | +2.13% |
AVES vs. LTPZ - Expense Ratio Comparison
AVES has a 0.36% expense ratio, which is higher than LTPZ's 0.20% expense ratio.
Dividends
AVES vs. LTPZ - Dividend Comparison
AVES's dividend yield for the trailing twelve months is around 3.53%, less than LTPZ's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVES Avantis Emerging Markets Value ETF | 3.53% | 3.17% | 4.09% | 3.96% | 3.70% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | 5.22% | 4.64% | 3.71% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.05% | 2.25% | 2.32% | 0.71% |
Frequently Asked Questions
AVES and LTPZ have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVES has higher volatility (8.89%) compared to LTPZ (2.55%). In terms of maximum drawdown, AVES dropped -27.40% vs LTPZ's -40.99%.
On 3-year performance, AVES leads with 19.19% vs -0.67% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, LTPZ has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AVES has performed better with a 19.19% return vs -0.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LTPZ is cheaper with a 0.20% expense ratio, compared with 0.36% for AVES.
LTPZ has the higher dividend yield at 5.22%, compared with 3.53% for AVES.
AVES is categorized as Emerging Markets Equities, while LTPZ is Inflation-Protected Bonds. They also come from different issuers: Avantis and PIMCO. Their fees differ too: 0.36% for AVES and 0.20% for LTPZ.
AVES currently has the higher Sharpe Ratio (1.64 vs 0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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