LDUR vs. LTPZ
LDUR (PIMCO Enhanced Low Duration Active ETF) and LTPZ (PIMCO 15+ Year US TIPS Index ETF) are both exchange-traded funds - LDUR is a Short-Term Bond fund actively managed by PIMCO, while LTPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (15+ Y). LDUR is actively managed, while LTPZ is passively managed. Over the past 10 years, LDUR returned 2.43%/yr vs 0.75%/yr for LTPZ. At a 0.26 correlation, their price movements are largely independent. LDUR charges 0.54%/yr vs 0.20%/yr for LTPZ.
Performance
LDUR vs. LTPZ - Performance Comparison
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Returns By Period
In the year-to-date period, LDUR achieves a 0.91% return, which is significantly higher than LTPZ's 0.41% return. Over the past 10 years, LDUR has outperformed LTPZ with an annualized return of 2.43%, while LTPZ has yielded a comparatively lower 0.75% annualized return.
LDUR
- 1D
- -0.02%
- 1M
- 0.15%
- YTD
- 0.91%
- 6M
- 1.29%
- 1Y
- 4.37%
- 3Y*
- 5.11%
- 5Y*
- 2.23%
- 10Y*
- 2.43%
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%
LDUR vs. LTPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LDUR PIMCO Enhanced Low Duration Active ETF | 0.91% | 5.76% | 5.14% | 4.78% | -4.23% | -0.55% | 4.49% | 4.27% | 1.05% | 2.06% |
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 LDUR and LTPZ is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2014 | 0.26 |
Over the past year, LDUR and LTPZ have become more correlated (0.52) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
LDUR vs. LTPZ — Risk / Return Rank
LDUR
LTPZ
LDUR vs. LTPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Low Duration Active ETF (LDUR) 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.
| LDUR | LTPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +3.53 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.09 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 0.68 | +4.03 |
| Martin ratioReturn relative to average drawdown | 22.64 | 1.48 | +21.16 |
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
| LDUR | LTPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.83 | 0.51 | +2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | -0.33 | +1.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.05 | +0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.21 | +0.65 |
Drawdowns
LDUR vs. LTPZ - Drawdown Comparison
The maximum LDUR drawdown since its inception was -8.68%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for LDUR and LTPZ.
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Drawdown Indicators
| LDUR | LTPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.68% | -40.99% | +32.31% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -7.00% | +6.07% |
Max Drawdown (3Y)Largest decline over 3 years | -1.17% | -16.27% | +15.10% |
Max Drawdown (5Y)Largest decline over 5 years | -6.75% | -40.99% | +34.24% |
Max Drawdown (10Y)Largest decline over 10 years | -8.68% | -40.99% | +32.31% |
Current DrawdownCurrent decline from peak | -0.04% | -32.74% | +32.70% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -12.41% | +11.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 3.20% | -3.01% |
Volatility
LDUR vs. LTPZ - Volatility Comparison
The current volatility for PIMCO Enhanced Low Duration Active ETF (LDUR) is 0.44%, while PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a volatility of 2.32%. This indicates that LDUR 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
| LDUR | LTPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 2.32% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 6.41% | -5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.55% | 9.26% | -7.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.03% | 15.89% | -13.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 15.07% | -12.30% |
LDUR vs. LTPZ - Expense Ratio Comparison
LDUR has a 0.54% expense ratio, which is higher than LTPZ's 0.20% expense ratio.
Dividends
LDUR vs. LTPZ - Dividend Comparison
LDUR's dividend yield for the trailing twelve months is around 4.35%, less than LTPZ's 5.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDUR PIMCO Enhanced Low Duration Active ETF | 4.35% | 4.60% | 4.77% | 4.11% | 2.22% | 0.90% | 2.15% | 3.14% | 2.66% | 2.08% | 1.85% | 2.92% |
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
LDUR and LTPZ have a correlation of 0.52, 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 LDUR (0.44%). In terms of maximum drawdown, LDUR dropped -8.68% vs LTPZ's -40.99%.
On 10-year performance, LDUR leads with 2.43% vs 0.75% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, LDUR has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, LDUR has performed better with a 2.43% 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 LDUR.
LTPZ has the higher dividend yield at 5.23%, compared with 4.35% for LDUR.
LDUR is categorized as Short-Term Bond, while LTPZ is Inflation-Protected Bonds. Their fees differ too: 0.54% for LDUR and 0.20% for LTPZ.
LDUR currently has the higher Sharpe Ratio (2.83 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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