LTPZ vs. BIL
Compare and contrast key facts about PIMCO 15+ Year US TIPS Index ETF (LTPZ) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
LTPZ and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LTPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury (15+ Y). It was launched on Sep 3, 2009. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007. Both LTPZ and BIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LTPZ or BIL.
Key characteristics
| LTPZ | BIL | |
|---|---|---|
| YTD Return | -6.98% | 1.73% |
| 1Y Return | -9.22% | 5.28% |
| 3Y Return (Ann) | -9.61% | 2.66% |
| 5Y Return (Ann) | -0.82% | 1.92% |
| 10Y Return (Ann) | 0.87% | 1.27% |
| Sharpe Ratio | -0.69 | 19.83 |
| Daily Std Dev | 16.12% | 0.27% |
| Max Drawdown | -40.99% | -0.77% |
| Current Drawdown | -37.07% | 0.00% |
Correlation
The correlation between LTPZ and BIL is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LTPZ vs. BIL - Performance Comparison
In the year-to-date period, LTPZ achieves a -6.98% return, which is significantly lower than BIL's 1.73% return. Over the past 10 years, LTPZ has underperformed BIL with an annualized return of 0.87%, while BIL has yielded a comparatively higher 1.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LTPZ vs. BIL - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is higher than BIL's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
LTPZ vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 15+ Year US TIPS Index ETF (LTPZ) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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.
Dividends
LTPZ vs. BIL - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 3.47%, less than BIL's 4.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 3.47% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.80% | 2.25% | 2.32% | 0.71% | 1.77% | 1.28% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.74% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% | 0.00% |
Drawdowns
LTPZ vs. BIL - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for LTPZ and BIL. For additional features, visit the drawdowns tool.
Volatility
LTPZ vs. BIL - Volatility Comparison
PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a higher volatility of 3.77% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.