LTPZ vs. BOND
LTPZ (PIMCO 15+ Year US TIPS Index ETF) and BOND (PIMCO Active Bond ETF) are both exchange-traded funds - LTPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (15+ Y), while BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO. LTPZ is passively managed, while BOND is actively managed. Over the past 10 years, LTPZ returned 0.75%/yr vs 2.16%/yr for BOND. A 0.70 correlation means they provide meaningful diversification when combined. LTPZ charges 0.20%/yr vs 0.54%/yr for BOND.
Performance
LTPZ vs. BOND - Performance Comparison
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Returns By Period
In the year-to-date period, LTPZ achieves a 0.41% return, which is significantly lower than BOND's 0.48% return. Over the past 10 years, LTPZ has underperformed BOND with an annualized return of 0.75%, while BOND has yielded a comparatively higher 2.16% annualized return.
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%
BOND
- 1D
- -0.24%
- 1M
- 0.30%
- YTD
- 0.48%
- 6M
- 0.46%
- 1Y
- 6.71%
- 3Y*
- 4.99%
- 5Y*
- 0.51%
- 10Y*
- 2.16%
LTPZ vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BOND PIMCO Active Bond ETF | 0.48% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
Correlation
The correlation between LTPZ and BOND is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.70 |
The correlation between LTPZ and BOND shifts across timeframes, from 0.70 (10 years) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LTPZ vs. BOND — Risk / Return Rank
LTPZ
BOND
LTPZ vs. BOND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 15+ Year US TIPS Index ETF (LTPZ) and PIMCO Active Bond ETF (BOND). 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.
| LTPZ | BOND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 1.70 | -1.18 |
Sortino ratioReturn per unit of downside risk | 0.78 | 2.50 | -1.72 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.31 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.23 | -1.56 |
Martin ratioReturn relative to average drawdown | 1.48 | 7.13 | -5.65 |
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
| LTPZ | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 1.70 | -1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.09 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.43 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.63 | -0.42 |
Drawdowns
LTPZ vs. BOND - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than BOND's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for LTPZ and BOND.
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Drawdown Indicators
| LTPZ | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -19.71% | -21.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -3.01% | -3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | -6.12% | -10.15% |
Max Drawdown (5Y)Largest decline over 5 years | -40.99% | -19.71% | -21.28% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -19.71% | -21.28% |
Current DrawdownCurrent decline from peak | -32.74% | -1.57% | -31.17% |
Average DrawdownAverage peak-to-trough decline | -12.41% | -3.50% | -8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 0.94% | +2.26% |
Volatility
LTPZ vs. BOND - Volatility Comparison
PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a higher volatility of 2.32% compared to PIMCO Active Bond ETF (BOND) at 1.40%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTPZ | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 1.40% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 2.88% | +3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 3.97% | +5.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 5.76% | +10.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 5.09% | +9.98% |
LTPZ vs. BOND - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is lower than BOND's 0.54% expense ratio.
Dividends
LTPZ vs. BOND - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 5.23%, which matches BOND's 5.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 5.19% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
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
LTPZ and BOND have a correlation of 0.86, 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 BOND (1.40%). In terms of maximum drawdown, LTPZ dropped -40.99% vs BOND's -19.71%.
On 10-year performance, BOND leads with 2.16% vs 0.75% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, BOND has been the lower-risk option at 1.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BOND has performed better with a 2.16% 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 BOND.
LTPZ has the higher dividend yield at 5.23%, compared with 5.19% for BOND.
LTPZ is categorized as Inflation-Protected Bonds, while BOND is Intermediate Core-Plus Bond. Their fees differ too: 0.20% for LTPZ and 0.54% for BOND.
BOND currently has the higher Sharpe Ratio (1.70 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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