LTPZ vs. BRTR
LTPZ (PIMCO 15+ Year US TIPS Index ETF) and BRTR (Blackrock Total Return ETF) are both exchange-traded funds - LTPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (15+ Y), while BRTR is a Intermediate Core-Plus Bond fund actively managed by BlackRock. LTPZ is passively managed, while BRTR is actively managed. Over the past year, LTPZ returned 4.72% vs 5.97% for BRTR. Their correlation of 0.85 suggests significant overlap in exposure. LTPZ charges 0.20%/yr vs 0.38%/yr for BRTR.
Performance
LTPZ vs. BRTR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with LTPZ having a 0.41% return and BRTR slightly lower at 0.40%.
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%
BRTR
- 1D
- -0.20%
- 1M
- 0.46%
- YTD
- 0.40%
- 6M
- 0.28%
- 1Y
- 5.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LTPZ vs. BRTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 0.41% | 4.00% | -4.80% | -1.67% |
BRTR Blackrock Total Return ETF | 0.40% | 8.11% | 1.29% | 0.43% |
Correlation
The correlation between LTPZ and BRTR is 0.85, 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023 | 0.85 |
The correlation between LTPZ and BRTR has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.
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Return for Risk
LTPZ vs. BRTR — Risk / Return Rank
LTPZ
BRTR
LTPZ vs. BRTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 15+ Year US TIPS Index ETF (LTPZ) and Blackrock Total Return ETF (BRTR). 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 | BRTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.29 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.84 | -1.16 |
| Martin ratioReturn relative to average drawdown | 1.48 | 5.57 | -4.09 |
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 | BRTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 1.63 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.88 | -0.67 |
Drawdowns
LTPZ vs. BRTR - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than BRTR's maximum drawdown of -5.07%. Use the drawdown chart below to compare losses from any high point for LTPZ and BRTR.
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Drawdown Indicators
| LTPZ | BRTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -5.07% | -35.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -3.26% | -3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | — | — |
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 | -32.74% | -1.69% | -31.05% |
Average DrawdownAverage peak-to-trough decline | -12.41% | -1.35% | -11.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 1.08% | +2.12% |
Volatility
LTPZ vs. BRTR - Volatility Comparison
PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a higher volatility of 2.32% compared to Blackrock Total Return ETF (BRTR) at 1.28%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than BRTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTPZ | BRTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 1.28% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 2.77% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 3.68% | +5.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 4.69% | +11.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 4.69% | +10.38% |
LTPZ vs. BRTR - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is lower than BRTR's 0.38% expense ratio.
Dividends
LTPZ vs. BRTR - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 5.23%, more than BRTR's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRTR Blackrock Total Return ETF | 4.73% | 4.86% | 5.58% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 BRTR have a correlation of 0.85, 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 BRTR (1.28%). In terms of maximum drawdown, LTPZ dropped -40.99% vs BRTR's -5.07%.
On 1-year performance, BRTR leads with 5.97% vs 4.72% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, BRTR has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BRTR has performed better with a 5.97% return vs 4.72%. 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 0.38% for BRTR.
LTPZ has the higher dividend yield at 5.23%, compared with 4.73% for BRTR.
LTPZ is categorized as Inflation-Protected Bonds, while BRTR is Intermediate Core-Plus Bond. They also come from different issuers: PIMCO and BlackRock. Their fees differ too: 0.20% for LTPZ and 0.38% for BRTR.
BRTR currently has the higher Sharpe Ratio (1.63 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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