LTPZ vs. HYS
Compare and contrast key facts about PIMCO 15+ Year US TIPS Index ETF (LTPZ) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS).
LTPZ and HYS 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. HYS is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US High Yield Constrained (0-5 Y). It was launched on Jun 16, 2011. Both LTPZ and HYS 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 HYS.
Correlation
The correlation between LTPZ and HYS is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
LTPZ vs. HYS - Performance Comparison
Key characteristics
LTPZ:
0.29
HYS:
1.50
LTPZ:
0.47
HYS:
2.13
LTPZ:
1.06
HYS:
1.33
LTPZ:
0.10
HYS:
1.73
LTPZ:
0.63
HYS:
9.47
LTPZ:
6.01%
HYS:
0.91%
LTPZ:
13.08%
HYS:
5.77%
LTPZ:
-40.99%
HYS:
-20.91%
LTPZ:
-34.49%
HYS:
-1.23%
Returns By Period
In the year-to-date period, LTPZ achieves a 1.70% return, which is significantly higher than HYS's 1.17% return. Over the past 10 years, LTPZ has underperformed HYS with an annualized return of 0.50%, while HYS has yielded a comparatively higher 4.58% annualized return.
LTPZ
1.70%
-1.55%
-2.89%
4.41%
-5.70%
0.50%
HYS
1.17%
-0.24%
2.23%
8.86%
7.50%
4.58%
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LTPZ vs. HYS - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is lower than HYS's 0.56% expense ratio.
Risk-Adjusted Performance
LTPZ vs. HYS — Risk-Adjusted Performance Rank
LTPZ
HYS
LTPZ vs. HYS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 15+ Year US TIPS Index ETF (LTPZ) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS). 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. HYS - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 4.06%, less than HYS's 7.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 4.06% | 3.71% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.80% | 2.25% | 2.32% | 0.71% | 1.77% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.49% | 7.43% | 7.58% | 5.01% | 3.74% | 4.52% | 4.98% | 4.97% | 5.01% | 5.13% | 5.22% | 5.42% |
Drawdowns
LTPZ vs. HYS - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than HYS's maximum drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for LTPZ and HYS. For additional features, visit the drawdowns tool.
Volatility
LTPZ vs. HYS - Volatility Comparison
PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a higher volatility of 6.54% compared to PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) at 4.30%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than HYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.