BCOR vs. STPZ

Last updated Jun 24, 2026

BCOR (Grayscale Bitcoin Adopters ETF) and STPZ (PIMCO 1-5 Year US TIPS Index ETF) are both exchange-traded funds - BCOR is a Blockchain fund tracking the Indxx Bitcoin Adopters Index, while STPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (1-5 Y). Both are passively managed. Over the past year, BCOR returned -24.56% vs 3.26% for STPZ. At a correlation of -0.02, they often move in opposite directions. BCOR charges 0.59%/yr vs 0.20%/yr for STPZ.

Performance

BCOR vs. STPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Adopters ETF (BCOR) and PIMCO 1-5 Year US TIPS Index ETF (STPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCOR achieves a -8.74% return, which is significantly lower than STPZ's 1.01% return.

BCOR

• 1D: -3.15%
• 1M: -11.00%
• YTD: -8.74%
• 6M: -13.96%
• 1Y: -24.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

STPZ

• 1D: 0.06%
• 1M: -0.36%
• YTD: 1.01%
• 6M: 1.22%
• 1Y: 3.26%
• 3Y*: 4.81%
• 5Y*: 2.83%
• 10Y*: 2.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCOR vs. STPZ - Yearly Performance Comparison

	2026 (YTD)	2025
BCOR Grayscale Bitcoin Adopters ETF	-8.74%	5.68%
STPZ PIMCO 1-5 Year US TIPS Index ETF	1.01%	2.21%

Correlation

The correlation between BCOR and STPZ is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	-0.02

Return for Risk

BCOR vs. STPZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCOR

BCOR Risk / Return Rank: 4
BCOR Sharpe Ratio Rank: 4
BCOR Sortino Ratio Rank: 4
BCOR Omega Ratio Rank: 5
BCOR Calmar Ratio Rank: 4
BCOR Martin Ratio Rank: 4

STPZ

STPZ Risk / Return Rank: 60
STPZ Sharpe Ratio Rank: 52
STPZ Sortino Ratio Rank: 55
STPZ Omega Ratio Rank: 55
STPZ Calmar Ratio Rank: 73
STPZ Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCOR vs. STPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Adopters ETF (BCOR) and PIMCO 1-5 Year US TIPS Index ETF (STPZ). 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.

	BCOR	STPZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	1.68	-2.27
Sortino ratio: Return per unit of downside risk	-0.65	2.46	-3.11
Omega ratio: Gain probability vs. loss probability	0.93	1.32	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.57	3.51	-4.08
Martin ratio: Return relative to average drawdown	-1.01	10.76	-11.77

BCOR vs. STPZ - Sharpe Ratio Comparison

The current BCOR Sharpe Ratio is -0.59, which is lower than the STPZ Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of BCOR and STPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCOR vs. STPZ - Drawdown Comparison

The maximum BCOR drawdown since its inception was -42.99%, which is greater than STPZ's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for BCOR and STPZ.

Drawdown Indicators

	BCOR	STPZ	Difference
Max Drawdown Largest peak-to-trough decline	-42.99%	-6.77%	-36.22%
Max Drawdown (1Y) Largest decline over 1 year	-42.99%	-0.93%	-42.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-6.77%	—
Current Drawdown Current decline from peak	-35.45%	-0.87%	-34.58%
Average Drawdown Average peak-to-trough decline	-18.73%	-1.30%	-17.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.32%	0.30%	+24.02%

Volatility

BCOR vs. STPZ - Volatility Comparison

Grayscale Bitcoin Adopters ETF (BCOR) has a higher volatility of 13.29% compared to PIMCO 1-5 Year US TIPS Index ETF (STPZ) at 0.82%. This indicates that BCOR's price experiences larger fluctuations and is considered to be riskier than STPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCOR	STPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.29%	0.82%	+12.47%
Volatility (6M) Calculated over the trailing 6-month period	32.95%	1.39%	+31.56%
Volatility (1Y) Calculated over the trailing 1-year period	41.79%	1.95%	+39.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.40%	3.29%	+40.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.40%	2.99%	+40.41%

BCOR vs. STPZ - Expense Ratio Comparison

BCOR has a 0.59% expense ratio, which is higher than STPZ's 0.20% expense ratio.

Dividends

BCOR vs. STPZ - Dividend Comparison

BCOR's dividend yield for the trailing twelve months is around 3.46%, less than STPZ's 4.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCOR Grayscale Bitcoin Adopters ETF	3.46%	3.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
STPZ PIMCO 1-5 Year US TIPS Index ETF	4.14%	3.65%	1.97%	1.63%	5.88%	3.65%	1.86%	1.76%	2.23%	1.51%	0.65%	0.49%

Frequently Asked Questions

Can I hold both BCOR and STPZ in my portfolio?

BCOR and STPZ have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCOR or STPZ?

BCOR has higher volatility (13.29%) compared to STPZ (0.82%). In terms of maximum drawdown, BCOR dropped -42.99% vs STPZ's -6.77%.

Which ETF is better, BCOR or STPZ?

On 1-year performance, STPZ leads with 3.26% vs -24.56% for BCOR. On fees, STPZ is cheaper at 0.20% per year. On volatility, STPZ has been the lower-risk option at 0.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BCOR or STPZ?

Over the 1-year period, STPZ has performed better with a 3.26% return vs -24.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BCOR or STPZ?

STPZ is cheaper with a 0.20% expense ratio, compared with 0.59% for BCOR.

Which ETF pays a higher dividend yield, BCOR or STPZ?

STPZ has the higher dividend yield at 4.14%, compared with 3.46% for BCOR.

What is the main difference between BCOR and STPZ?

BCOR is categorized as Blockchain, while STPZ is Inflation-Protected Bonds. BCOR tracks Indxx Bitcoin Adopters Index, while STPZ tracks ICE BofA US Inflation-Linked Treasury (1-5 Y). They also come from different issuers: Grayscale and PIMCO. Their fees differ too: 0.59% for BCOR and 0.20% for STPZ.

Which has better risk-adjusted returns?

STPZ currently has the higher Sharpe Ratio (1.68 vs -0.59), 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.