LTPZ vs. COMT
LTPZ (PIMCO 15+ Year US TIPS Index ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - LTPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (15+ Y), while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. Both are passively managed. Over the past 10 years, LTPZ returned -0.06%/yr vs 9.00%/yr for COMT. Their -0.08 correlation means they have often moved in opposite directions in the past. LTPZ charges 0.20%/yr vs 0.48%/yr for COMT.
Performance
LTPZ vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, LTPZ achieves a -3.75% return, which is significantly lower than COMT's 31.11% return. Over the past 10 years, LTPZ has underperformed COMT with an annualized return of -0.06%, while COMT has yielded a comparatively higher 9.00% annualized return.
LTPZ
- 1D
- -0.34%
- 1M
- -3.73%
- 6M
- -3.61%
- YTD
- -3.75%
- 1Y
- -2.50%
- 3Y*
- -1.54%
- 5Y*
- -7.34%
- 10Y*
- -0.06%
- ALL TIME*
- 2.79%
COMT
- 1D
- -0.06%
- 1M
- 8.11%
- 6M
- 19.02%
- YTD
- 31.11%
- 1Y
- 33.76%
- 3Y*
- 10.95%
- 5Y*
- 11.49%
- 10Y*
- 9.00%
- ALL TIME*
- 3.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.08M | $10.46M | $14.41M | |
| $11.36M | $8.24M | $7.63M |
LTPZ vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | -3.75% | 4.00% | -4.80% | 0.96% | -31.71% | 7.02% | 24.89% | 17.47% | -7.22% | 9.07% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 31.11% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
Correlation
The correlation between LTPZ and COMT is -0.31, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.31 |
Correlation (3Y) Balances recent behavior with more history. | -0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | -0.08 |
Over the past year, the inverse relationship between LTPZ and COMT has strengthened: their correlation has moved from -0.08 to -0.31, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
LTPZ vs. COMT — Risk / Return Rank
LTPZ
COMT
LTPZ vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 15+ Year US TIPS Index ETF (LTPZ) and iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT). 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.
| LTPZ | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.26 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.82 | -2.02 |
| Martin ratioReturn relative to average drawdown | -0.42 | 5.69 | -6.11 |
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Drawdowns
LTPZ vs. COMT - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, smaller than the maximum COMT drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for LTPZ and COMT.
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Drawdown Indicators
| LTPZ | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -51.89% | +10.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -17.57% | +9.48% |
Max Drawdown (3Y)Largest decline over 3 years | -12.64% | -17.57% | +4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -40.99% | -29.00% | -11.99% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -39.22% | -1.77% |
Current DrawdownCurrent decline from peak | -35.53% | -10.65% | -24.88% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -23.90% | +11.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 5.63% | -1.77% |
Volatility
LTPZ vs. COMT - Volatility Comparison
The current volatility for PIMCO 15+ Year US TIPS Index ETF (LTPZ) is 2.05%, while iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) has a volatility of 5.08%. This indicates that LTPZ experiences smaller price fluctuations and is considered to be less risky than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTPZ | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 5.08% | -3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 6.79% | 19.62% | -12.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.03% | 21.67% | -12.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 21.10% | -5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 18.86% | -3.83% |
LTPZ vs. COMT - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is lower than COMT's 0.48% expense ratio.
Dividends
LTPZ vs. COMT - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 6.35%, more than COMT's 5.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.90% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | 6.00% | 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 COMT have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COMT has higher volatility (5.08%) compared to LTPZ (2.05%). In terms of maximum drawdown, LTPZ dropped -40.99% vs COMT's -51.89%.
On 10-year performance, COMT leads with 9.00% vs -0.06% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, LTPZ has been the lower-risk option at 2.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, COMT has performed better with a 9.00% return vs -0.06%. 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 0.48% for COMT.
LTPZ has the higher dividend yield at 6.00%, compared with 5.90% for COMT.
LTPZ is categorized as Inflation-Protected Bonds, while COMT is Commodities. LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y), while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.20% for LTPZ and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.48 vs -0.18), 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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