LTPZ vs. BSJS
LTPZ (PIMCO 15+ Year US TIPS Index ETF) and BSJS (Invesco BulletShares 2028 High Yield Corporate 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 BSJS is a High Yield Bonds fund tracking the Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index. Both are passively managed. Over the past 5 years, LTPZ returned -5.24%/yr vs 3.29%/yr for BSJS. At a 0.35 correlation, their price movements are largely independent. LTPZ charges 0.20%/yr vs 0.42%/yr for BSJS.
Performance
LTPZ vs. BSJS - 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 BSJS's 1.67% 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%
BSJS
- 1D
- -0.05%
- 1M
- 0.61%
- YTD
- 1.67%
- 6M
- 2.13%
- 1Y
- 6.48%
- 3Y*
- 8.32%
- 5Y*
- 3.29%
- 10Y*
- —
LTPZ vs. BSJS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 0.41% | 4.00% | -4.80% | 0.96% | -31.71% | 7.02% | 2.31% |
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 1.67% | 8.31% | 7.38% | 12.28% | -13.69% | 3.40% | 4.05% |
Correlation
The correlation between LTPZ and BSJS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.35 |
The correlation between LTPZ and BSJS shifts across timeframes, from 0.35 (all time) to 0.45 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LTPZ vs. BSJS — Risk / Return Rank
LTPZ
BSJS
LTPZ vs. BSJS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 15+ Year US TIPS Index ETF (LTPZ) and Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS). 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 | BSJS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.45 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 3.97 | -3.29 |
| Martin ratioReturn relative to average drawdown | 1.48 | 19.33 | -17.85 |
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 | BSJS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 2.29 | -1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.45 | -0.78 |
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 | 0.52 | -0.31 |
Drawdowns
LTPZ vs. BSJS - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than BSJS's maximum drawdown of -17.73%. Use the drawdown chart below to compare losses from any high point for LTPZ and BSJS.
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Drawdown Indicators
| LTPZ | BSJS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -17.73% | -23.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -1.64% | -5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | -4.44% | -11.83% |
Max Drawdown (5Y)Largest decline over 5 years | -40.99% | -17.73% | -23.26% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | — | — |
Current DrawdownCurrent decline from peak | -32.74% | -0.05% | -32.69% |
Average DrawdownAverage peak-to-trough decline | -12.41% | -3.99% | -8.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 0.34% | +2.86% |
Volatility
LTPZ vs. BSJS - Volatility Comparison
PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a higher volatility of 2.32% compared to Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) at 0.72%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than BSJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTPZ | BSJS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 0.72% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 2.03% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 2.84% | +6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 7.39% | +8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 7.14% | +7.93% |
LTPZ vs. BSJS - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is lower than BSJS's 0.42% expense ratio.
Dividends
LTPZ vs. BSJS - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 5.23%, less than BSJS's 6.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 6.27% | 6.49% | 7.04% | 6.75% | 5.82% | 4.86% | 0.75% | 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 BSJS have a correlation of 0.39, 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 BSJS (0.72%). In terms of maximum drawdown, LTPZ dropped -40.99% vs BSJS's -17.73%.
On 5-year performance, BSJS leads with 3.29% vs -5.24% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, BSJS has been the lower-risk option at 0.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BSJS has performed better with a 3.29% return vs -5.24%. 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 0.42% for BSJS.
BSJS has the higher dividend yield at 6.27%, compared with 5.23% for LTPZ.
LTPZ is categorized as Inflation-Protected Bonds, while BSJS is High Yield Bonds. LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y), while BSJS tracks Nasdaq BulletSharesUSD High Yield Corporate Bond 2028 Index. They also come from different issuers: PIMCO and Invesco. Their fees differ too: 0.20% for LTPZ and 0.42% for BSJS.
BSJS currently has the higher Sharpe Ratio (2.29 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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