LTPZ vs. ICPI
LTPZ (PIMCO 15+ Year US TIPS Index ETF) and ICPI (iShares 0-1 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds - LTPZ tracks the ICE BofA US Inflation-Linked Treasury (15+ Y) while ICPI tracks the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. Both are passively managed. At a correlation of -0.30, they often move in opposite directions. LTPZ charges 0.20%/yr vs 0.09%/yr for ICPI.
Performance
LTPZ vs. ICPI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LTPZ achieves a 0.41% return, which is significantly lower than ICPI's 2.70% 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%
ICPI
- 1D
- 0.05%
- 1M
- 0.44%
- YTD
- 2.70%
- 6M
- 2.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LTPZ vs. ICPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 0.41% | -1.26% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.70% | 0.32% |
Correlation
The correlation between LTPZ and ICPI is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025 | -0.30 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LTPZ vs. ICPI — Risk / Return Rank
LTPZ
ICPI
LTPZ vs. ICPI - 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 0-1 Year TIPS Bond ETF (ICPI). 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 | ICPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.09 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | — | — |
| Martin ratioReturn relative to average drawdown | 1.48 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LTPZ | ICPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | — | — |
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 | 6.20 | -5.99 |
Drawdowns
LTPZ vs. ICPI - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than ICPI's maximum drawdown of -0.22%. Use the drawdown chart below to compare losses from any high point for LTPZ and ICPI.
Loading charts...
Drawdown Indicators
| LTPZ | ICPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -0.22% | -40.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | — | — |
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% | 0.00% | -32.74% |
Average DrawdownAverage peak-to-trough decline | -12.41% | -0.03% | -12.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | — | — |
Volatility
LTPZ vs. ICPI - Volatility Comparison
Loading charts...
Volatility by Period
| LTPZ | ICPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 0.95% | +8.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 0.95% | +14.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 0.95% | +14.12% |
LTPZ vs. ICPI - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is higher than ICPI's 0.09% 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. ICPI - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 5.23%, more than ICPI's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 1.80% | 0.54% | 0.00% | 0.00% | 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 ICPI have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.20% for LTPZ.
LTPZ has the higher dividend yield at 5.23%, compared with 1.80% for ICPI.
LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y), while ICPI tracks ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.20% for LTPZ and 0.09% for ICPI.
Find the right allocation for LTPZ and ICPI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer