LTPZ vs. IBIC
LTPZ (PIMCO 15+ Year U.S. TIPS Index ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both Inflation-Protected Bonds funds - LTPZ tracks the ICE BofA US Inflation-Linked Treasury (15+ Y) while IBIC tracks the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, LTPZ returned -2.09% vs 4.12% for IBIC. Their 0.31 correlation means their historical movements had little consistent relationship. LTPZ charges 0.20%/yr vs 0.10%/yr for IBIC.
Performance
LTPZ vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, LTPZ achieves a -3.35% return, which is significantly lower than IBIC's 2.67% return.
LTPZ
- 1D
- 0.42%
- 1M
- -3.33%
- 6M
- -2.92%
- YTD
- -3.35%
- 1Y
- -2.09%
- 3Y*
- -1.08%
- 5Y*
- -7.35%
- 10Y*
- -0.17%
- ALL TIME*
- 2.81%
IBIC
- 1D
- -0.02%
- 1M
- 0.22%
- 6M
- 2.43%
- YTD
- 2.67%
- 1Y
- 4.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.04M | $841.31K | $530.52K | |
| $12.67M | $8.82M | $7.84M |
LTPZ vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LTPZ PIMCO 15+ Year U.S. TIPS Index ETF | -3.35% | 4.00% | -4.80% | 3.70% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.67% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between LTPZ and IBIC is -0.12, 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. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.31 |
The correlation between LTPZ and IBIC shifts across timeframes, from -0.12 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LTPZ vs. IBIC — Risk / Return Rank
LTPZ
IBIC
LTPZ vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 15+ Year U.S. TIPS Index ETF (LTPZ) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.90 | ||
| Sortino ratioReturn per unit of downside risk | -8.55 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 2.12 | -1.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 15.46 | -15.71 |
| Martin ratioReturn relative to average drawdown | -0.54 | 52.95 | -53.49 |
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Drawdowns
LTPZ vs. IBIC - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for LTPZ and IBIC.
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Drawdown Indicators
| LTPZ | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -0.90% | -40.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -0.27% | -7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -12.64% | — | — |
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 | -35.26% | -0.08% | -35.18% |
Average DrawdownAverage peak-to-trough decline | -12.61% | -0.10% | -12.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 0.08% | +3.81% |
Volatility
LTPZ vs. IBIC - Volatility Comparison
PIMCO 15+ Year U.S. TIPS Index ETF (LTPZ) has a higher volatility of 2.08% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.23%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTPZ | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 0.23% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 6.77% | 0.69% | +6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.01% | 0.89% | +8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 1.54% | +14.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 1.54% | +13.48% |
LTPZ vs. IBIC - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is higher than IBIC's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LTPZ vs. IBIC - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 7.00%, more than IBIC's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.62% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LTPZ PIMCO 15+ Year U.S. TIPS Index ETF | 7.00% | 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 IBIC have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LTPZ has higher volatility (2.08%) compared to IBIC (0.23%). In terms of maximum drawdown, LTPZ dropped -40.99% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.12% vs -2.09% for LTPZ. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.12% return vs -2.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.20% for LTPZ.
LTPZ has the higher dividend yield at 7.00%, compared with 4.62% for IBIC.
LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y), while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.20% for LTPZ and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.67 vs -0.23), 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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