LONZ vs. STPZ
LONZ (PIMCO Senior Loan Active Exchange-Traded Fund) and STPZ (PIMCO 1-5 Year US TIPS Index ETF) are both exchange-traded funds - LONZ is a Bank Loan fund actively managed by PIMCO, while STPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (1-5 Y). LONZ is actively managed, while STPZ is passively managed. Over the past 3 years, LONZ returned 7.83%/yr vs 4.81%/yr for STPZ. At a 0.13 correlation, their price movements are largely independent. LONZ charges 0.62%/yr vs 0.20%/yr for STPZ.
Performance
LONZ vs. STPZ - Performance Comparison
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Returns By Period
In the year-to-date period, LONZ achieves a 1.75% return, which is significantly higher than STPZ's 1.01% return.
LONZ
- 1D
- -0.06%
- 1M
- 0.23%
- YTD
- 1.75%
- 6M
- 1.09%
- 1Y
- 5.24%
- 3Y*
- 7.83%
- 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%
LONZ vs. STPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 1.75% | 5.05% | 9.85% | 12.56% | 0.54% |
STPZ PIMCO 1-5 Year US TIPS Index ETF | 1.01% | 6.40% | 4.30% | 4.28% | -3.75% |
Correlation
The correlation between LONZ and STPZ is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022 | 0.13 |
The correlation between LONZ and STPZ shifts across timeframes, from -0.01 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LONZ vs. STPZ — Risk / Return Rank
LONZ
STPZ
LONZ vs. STPZ - 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 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.
| LONZ | STPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.32 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 3.51 | -0.92 |
| Martin ratioReturn relative to average drawdown | 10.71 | 10.76 | -0.05 |
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Drawdowns
LONZ vs. STPZ - Drawdown Comparison
The maximum LONZ drawdown since its inception was -4.19%, smaller than the maximum STPZ drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for LONZ and STPZ.
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Drawdown Indicators
| LONZ | STPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.19% | -6.77% | +2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | -0.93% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -1.35% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.77% | — |
Current DrawdownCurrent decline from peak | -0.28% | -0.87% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -1.30% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 0.30% | +0.19% |
Volatility
LONZ vs. STPZ - Volatility Comparison
The current volatility for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) is 0.61%, while PIMCO 1-5 Year US TIPS Index ETF (STPZ) has a volatility of 0.82%. This indicates that LONZ experiences smaller price fluctuations and is considered to be less risky than STPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LONZ | STPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.82% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 1.39% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.30% | 1.95% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.21% | 3.29% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.21% | 2.99% | +0.22% |
LONZ vs. STPZ - Expense Ratio Comparison
LONZ has a 0.62% expense ratio, which is higher than STPZ's 0.20% expense ratio.
Dividends
LONZ vs. STPZ - Dividend Comparison
LONZ's dividend yield for the trailing twelve months is around 8.14%, more than STPZ's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 8.14% | 6.60% | 8.16% | 8.29% | 3.33% | 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
LONZ and STPZ have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STPZ has higher volatility (0.82%) compared to LONZ (0.61%). In terms of maximum drawdown, LONZ dropped -4.19% vs STPZ's -6.77%.
On 3-year performance, LONZ leads with 7.83% vs 4.81% for STPZ. On fees, STPZ is cheaper at 0.20% per year. On volatility, LONZ has been the lower-risk option at 0.61%. 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 7.83% return vs 4.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STPZ is cheaper with a 0.20% expense ratio, compared with 0.62% for LONZ.
LONZ has the higher dividend yield at 8.14%, compared with 4.14% for STPZ.
LONZ is categorized as Bank Loan, while STPZ is Inflation-Protected Bonds. Their fees differ too: 0.62% for LONZ and 0.20% for STPZ.
LONZ currently has the higher Sharpe Ratio (2.29 vs 1.68), 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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