CORP vs. LTPZ

Last updated Jun 3, 2026

CORP (PIMCO Investment Grade Corporate Bond Index ETF) and LTPZ (PIMCO 15+ Year US TIPS Index ETF) are both exchange-traded funds - CORP is a Corporate Bonds fund tracking the ICE BofA US Corporate, while LTPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (15+ Y). Both are passively managed. Over the past 10 years, CORP returned 2.81%/yr vs 0.80%/yr for LTPZ. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

CORP vs. LTPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Investment Grade Corporate Bond Index ETF (CORP) and PIMCO 15+ Year US TIPS Index ETF (LTPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CORP achieves a 0.78% return, which is significantly lower than LTPZ's 0.91% return. Over the past 10 years, CORP has outperformed LTPZ with an annualized return of 2.81%, while LTPZ has yielded a comparatively lower 0.80% annualized return.

CORP

• 1D: -0.01%
• 1M: 0.40%
• YTD: 0.78%
• 6M: 0.79%
• 1Y: 6.41%
• 3Y*: 5.55%
• 5Y*: 1.06%
• 10Y*: 2.81%

LTPZ

• 1D: 0.12%
• 1M: 0.75%
• YTD: 0.91%
• 6M: -0.28%
• 1Y: 5.18%
• 3Y*: -0.63%
• 5Y*: -4.88%
• 10Y*: 0.80%

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

CORP vs. LTPZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CORP PIMCO Investment Grade Corporate Bond Index ETF	0.78%	7.96%	2.47%	9.13%	-14.96%	-1.18%	9.70%	14.80%	-3.29%	6.56%
LTPZ PIMCO 15+ Year US TIPS Index ETF	0.91%	4.00%	-4.80%	0.96%	-31.71%	7.02%	24.89%	17.47%	-7.22%	9.07%

Correlation

The correlation between CORP and LTPZ is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010	0.68

The correlation between CORP and LTPZ shifts across timeframes, from 0.68 (all time) to 0.84 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

CORP vs. LTPZ — Risk / Return Rank

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

CORP

CORP Risk / Return Rank: 43
CORP Sharpe Ratio Rank: 43
CORP Sortino Ratio Rank: 46
CORP Omega Ratio Rank: 42
CORP Calmar Ratio Rank: 43
CORP Martin Ratio Rank: 43

LTPZ

LTPZ Risk / Return Rank: 17
LTPZ Sharpe Ratio Rank: 18
LTPZ Sortino Ratio Rank: 17
LTPZ Omega Ratio Rank: 17
LTPZ Calmar Ratio Rank: 16
LTPZ Martin Ratio Rank: 15

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.

CORP vs. LTPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Corporate Bond Index ETF (CORP) 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.

	CORP	LTPZ	Difference
Sharpe ratio Return per unit of total volatility	1.54	0.56	+0.98
Sortino ratio Return per unit of downside risk	2.28	0.85	+1.43
Omega ratio Gain probability vs. loss probability	1.27	1.10	+0.17
Calmar ratio Return relative to maximum drawdown	2.16	0.61	+1.55
Martin ratio Return relative to average drawdown	7.02	1.34	+5.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CORP vs. LTPZ - Sharpe Ratio Comparison

The current CORP Sharpe Ratio is 1.54, which is higher than the LTPZ Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of CORP and LTPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CORP	LTPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	0.56	+0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	-0.31	+0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.05	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.21	+0.35

Drawdowns

CORP vs. LTPZ - Drawdown Comparison

The maximum CORP drawdown since its inception was -21.21%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for CORP and LTPZ.

Drawdown Indicators

	CORP	LTPZ	Difference
Max Drawdown Largest peak-to-trough decline	-21.21%	-40.99%	+19.78%
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	-7.00%	+4.12%
Max Drawdown (3Y) Largest decline over 3 years	-6.06%	-16.27%	+10.21%
Max Drawdown (5Y) Largest decline over 5 years	-21.21%	-40.99%	+19.78%
Max Drawdown (10Y) Largest decline over 10 years	-21.21%	-40.99%	+19.78%
Current Drawdown Current decline from peak	-0.85%	-32.41%	+31.56%
Average Drawdown Average peak-to-trough decline	-3.61%	-12.40%	+8.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	3.19%	-2.31%

Volatility

CORP vs. LTPZ - Volatility Comparison

The current volatility for PIMCO Investment Grade Corporate Bond Index ETF (CORP) is 1.37%, while PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a volatility of 2.40%. This indicates that CORP 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.

Volatility by Period

	CORP	LTPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.37%	2.40%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	3.01%	6.44%	-3.43%
Volatility (1Y) Calculated over the trailing 1-year period	4.18%	9.29%	-5.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.89%	15.89%	-9.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.08%	15.07%	-7.99%

CORP vs. LTPZ - Expense Ratio Comparison

Both CORP and LTPZ have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

CORP vs. LTPZ - Dividend Comparison

CORP's dividend yield for the trailing twelve months is around 4.84%, less than LTPZ's 5.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CORP PIMCO Investment Grade Corporate Bond Index ETF	4.84%	4.77%	4.74%	4.12%	3.28%	2.51%	2.90%	3.25%	3.18%	3.08%	2.91%	3.14%
LTPZ PIMCO 15+ Year US TIPS Index ETF	5.20%	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

Can I hold both CORP and LTPZ in my portfolio?

CORP and LTPZ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CORP or LTPZ?

LTPZ has higher volatility (2.40%) compared to CORP (1.37%). In terms of maximum drawdown, CORP dropped -21.21% vs LTPZ's -40.99%.

Which ETF is better, CORP or LTPZ?

On 10-year performance, CORP leads with 2.81% vs 0.80% for LTPZ. Both ETFs have the same 0.20% expense ratio. On volatility, CORP has been the lower-risk option at 1.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CORP or LTPZ?

Over the 10-year period, CORP has performed better with a 2.81% return vs 0.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CORP or LTPZ?

CORP and LTPZ have the same expense ratio: 0.20% per year.

Which ETF pays a higher dividend yield, CORP or LTPZ?

LTPZ has the higher dividend yield at 5.20%, compared with 4.84% for CORP.

What is the main difference between CORP and LTPZ?

CORP is categorized as Corporate Bonds, while LTPZ is Inflation-Protected Bonds. CORP tracks ICE BofA US Corporate, while LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y).

Which has better risk-adjusted returns?

CORP currently has the higher Sharpe Ratio (1.54 vs 0.56), 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.