LONZ vs. LTPZ
LONZ (PIMCO Senior Loan Active Exchange-Traded Fund) and LTPZ (PIMCO 15+ Year U.S. TIPS Index ETF) are both exchange-traded funds - LONZ is a Bank Loan fund actively managed by PIMCO, while LTPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (15+ Y). LONZ is actively managed, while LTPZ is passively managed. Over the past 3 years, LONZ returned 7.40%/yr vs -1.54%/yr for LTPZ. Their 0.16 correlation means their historical movements had little consistent relationship. LONZ charges 0.62%/yr vs 0.20%/yr for LTPZ.
Performance
LONZ vs. LTPZ - Performance Comparison
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Returns By Period
In the year-to-date period, LONZ achieves a 2.58% return, which is significantly higher than LTPZ's -3.75% return.
LONZ
- 1D
- 0.11%
- 1M
- 0.41%
- 6M
- 2.66%
- YTD
- 2.58%
- 1Y
- 4.94%
- 3Y*
- 7.40%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.31%
LTPZ
- 1D
- -0.34%
- 1M
- -3.73%
- 6M
- -3.61%
- YTD
- -3.75%
- 1Y
- -2.50%
- 3Y*
- -1.54%
- 5Y*
- -7.34%
- 10Y*
- -0.06%
- ALL TIME*
- 2.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.20M | $2.52M | $5.54M | |
| $11.36M | $8.24M | $7.63M |
LONZ vs. LTPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 2.58% | 5.05% | 9.85% | 12.56% | 0.54% |
LTPZ PIMCO 15+ Year U.S. TIPS Index ETF | -3.75% | 4.00% | -4.80% | 0.96% | -14.50% |
Correlation
The correlation between LONZ and LTPZ is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022 | 0.16 |
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Return for Risk
LONZ vs. LTPZ — Risk / Return Rank
LONZ
LTPZ
LONZ vs. LTPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and PIMCO 15+ Year U.S. 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.
| LONZ | LTPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.14 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 0.98 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | -0.20 | +2.59 |
| Martin ratioReturn relative to average drawdown | 9.86 | -0.42 | +10.28 |
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Drawdowns
LONZ vs. LTPZ - Drawdown Comparison
The maximum LONZ drawdown since its inception was -4.19%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for LONZ and LTPZ.
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Drawdown Indicators
| LONZ | LTPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.19% | -40.99% | +36.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | -8.09% | +6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -12.64% | +8.45% |
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 | 0.00% | -35.53% | +35.53% |
Average DrawdownAverage peak-to-trough decline | -0.46% | -12.60% | +12.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 3.86% | -3.37% |
Volatility
LONZ vs. LTPZ - Volatility Comparison
The current volatility for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) is 0.31%, while PIMCO 15+ Year U.S. TIPS Index ETF (LTPZ) has a volatility of 2.05%. This indicates that LONZ 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
| LONZ | LTPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 2.05% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 6.79% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.29% | 9.03% | -6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.17% | 15.85% | -12.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.17% | 15.03% | -11.86% |
LONZ vs. LTPZ - Expense Ratio Comparison
LONZ has a 0.62% expense ratio, which is higher than LTPZ's 0.20% expense ratio.
Dividends
LONZ vs. LTPZ - Dividend Comparison
LONZ's dividend yield for the trailing twelve months is around 8.31%, more than LTPZ's 6.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 7.71% | 6.60% | 8.16% | 8.29% | 3.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LTPZ PIMCO 15+ Year U.S. TIPS Index ETF | 6.00% | 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
LONZ and LTPZ have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LTPZ has higher volatility (2.05%) compared to LONZ (0.31%). In terms of maximum drawdown, LONZ dropped -4.19% vs LTPZ's -40.99%.
On 3-year performance, LONZ leads with 7.40% vs -1.54% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, LONZ has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, LONZ has performed better with a 7.40% return vs -1.54%. 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 0.62% for LONZ.
LONZ has the higher dividend yield at 7.71%, compared with 6.00% for LTPZ.
LONZ is categorized as Bank Loan, while LTPZ is Inflation-Protected Bonds. Their fees differ too: 0.62% for LONZ and 0.20% for LTPZ.
LONZ currently has the higher Sharpe Ratio (2.12 vs -0.18), 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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