BOND vs. LTPZ
BOND (PIMCO Active Bond ETF) and LTPZ (PIMCO 15+ Year US TIPS Index ETF) are both exchange-traded funds - BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO, while LTPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (15+ Y). BOND is actively managed, while LTPZ is passively managed. Over the past 10 years, BOND returned 2.16%/yr vs 0.75%/yr for LTPZ. A 0.70 correlation means they provide meaningful diversification when combined. BOND charges 0.54%/yr vs 0.20%/yr for LTPZ.
Performance
BOND vs. LTPZ - Performance Comparison
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Returns By Period
In the year-to-date period, BOND achieves a 0.48% return, which is significantly higher than LTPZ's 0.41% return. Over the past 10 years, BOND has outperformed LTPZ with an annualized return of 2.16%, while LTPZ has yielded a comparatively lower 0.75% annualized return.
BOND
- 1D
- -0.24%
- 1M
- 0.30%
- YTD
- 0.48%
- 6M
- 0.46%
- 1Y
- 6.71%
- 3Y*
- 4.99%
- 5Y*
- 0.51%
- 10Y*
- 2.16%
LTPZ
- 1D
- -0.49%
- 1M
- 1.02%
- YTD
- 0.41%
- 6M
- -1.15%
- 1Y
- 4.72%
- 3Y*
- -0.79%
- 5Y*
- -5.24%
- 10Y*
- 0.75%
BOND vs. LTPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 0.48% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | 0.41% | 4.00% | -4.80% | 0.96% | -31.71% | 7.02% | 24.89% | 17.47% | -7.22% | 9.07% |
Correlation
The correlation between BOND and LTPZ is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.70 |
The correlation between BOND and LTPZ shifts across timeframes, from 0.70 (10 years) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BOND vs. LTPZ — Risk / Return Rank
BOND
LTPZ
BOND vs. LTPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Active Bond ETF (BOND) 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.
| BOND | LTPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.09 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 0.68 | +1.56 |
| Martin ratioReturn relative to average drawdown | 7.13 | 1.48 | +5.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BOND | LTPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 0.51 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | -0.33 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.05 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.21 | +0.42 |
Drawdowns
BOND vs. LTPZ - Drawdown Comparison
The maximum BOND drawdown since its inception was -19.71%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for BOND and LTPZ.
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Drawdown Indicators
| BOND | LTPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -40.99% | +21.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -7.00% | +3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -6.12% | -16.27% | +10.15% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -40.99% | +21.28% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | -40.99% | +21.28% |
Current DrawdownCurrent decline from peak | -1.57% | -32.74% | +31.17% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -12.41% | +8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 3.20% | -2.26% |
Volatility
BOND vs. LTPZ - Volatility Comparison
The current volatility for PIMCO Active Bond ETF (BOND) is 1.40%, while PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a volatility of 2.32%. This indicates that BOND experiences smaller price fluctuations and is considered to be less risky 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
| BOND | LTPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 2.32% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 6.41% | -3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 9.26% | -5.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 15.89% | -10.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 15.07% | -9.98% |
BOND vs. LTPZ - Expense Ratio Comparison
BOND has a 0.54% expense ratio, which is higher than LTPZ's 0.20% expense ratio.
Dividends
BOND vs. LTPZ - Dividend Comparison
BOND's dividend yield for the trailing twelve months is around 5.19%, which matches LTPZ's 5.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 5.19% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | 5.23% | 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
BOND and LTPZ have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LTPZ has higher volatility (2.32%) compared to BOND (1.40%). In terms of maximum drawdown, BOND dropped -19.71% vs LTPZ's -40.99%.
On 10-year performance, BOND leads with 2.16% vs 0.75% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, BOND has been the lower-risk option at 1.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BOND has performed better with a 2.16% return vs 0.75%. 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 0.54% for BOND.
LTPZ has the higher dividend yield at 5.23%, compared with 5.19% for BOND.
BOND is categorized as Intermediate Core-Plus Bond, while LTPZ is Inflation-Protected Bonds. Their fees differ too: 0.54% for BOND and 0.20% for LTPZ.
BOND currently has the higher Sharpe Ratio (1.70 vs 0.51), 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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