LTPZ vs. PBTP
Compare and contrast key facts about PIMCO 15+ Year US TIPS Index ETF (LTPZ) and Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP).
LTPZ and PBTP 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. PBTP is a passively managed fund by Invesco that tracks the performance of the ICE BofA U.S. Treasuries Inflation-Linked (0-5 Y). It was launched on Sep 22, 2017. Both LTPZ and PBTP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
LTPZ vs. PBTP - Performance Comparison
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LTPZ vs. PBTP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | -1.39% | 4.00% | -4.80% | 0.96% | -31.71% | 7.02% | 24.89% | 17.47% | -7.22% | 4.05% |
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 1.05% | 5.98% | 4.72% | 4.53% | -3.02% | 5.51% | 4.89% | 4.72% | 0.59% | 0.04% |
Returns By Period
In the year-to-date period, LTPZ achieves a -1.39% return, which is significantly lower than PBTP's 1.05% return.
LTPZ
- 1D
- -0.10%
- 1M
- -4.79%
- YTD
- -1.39%
- 6M
- -2.84%
- 1Y
- -2.68%
- 3Y*
- -2.37%
- 5Y*
- -4.68%
- 10Y*
- 0.59%
PBTP
- 1D
- 0.04%
- 1M
- 0.10%
- YTD
- 1.05%
- 6M
- 1.35%
- 1Y
- 3.94%
- 3Y*
- 4.63%
- 5Y*
- 3.45%
- 10Y*
- —
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LTPZ vs. PBTP - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is higher than PBTP's 0.07% 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%.
Return for Risk
LTPZ vs. PBTP — Risk / Return Rank
LTPZ
PBTP
LTPZ vs. PBTP - 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 PureBeta 0-5 Yr US TIPS ETF (PBTP). 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 | PBTP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.24 | 2.01 | -2.25 |
Sortino ratioReturn per unit of downside risk | -0.24 | 3.02 | -3.26 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.43 | -0.46 |
Calmar ratioReturn relative to maximum drawdown | -0.21 | 3.91 | -4.12 |
Martin ratioReturn relative to average drawdown | -0.43 | 12.96 | -13.39 |
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 | PBTP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | 2.01 | -2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 1.21 | -1.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 1.27 | -1.06 |
Correlation
The correlation between LTPZ and PBTP is 0.52, 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.
Dividends
LTPZ vs. PBTP - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 4.64%, more than PBTP's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 4.64% | 4.64% | 3.71% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.05% | 2.25% | 2.32% | 0.71% |
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 3.14% | 3.82% | 2.59% | 2.36% | 5.33% | 3.12% | 1.25% | 2.12% | 2.33% | 0.73% | 0.00% | 0.00% |
Drawdowns
LTPZ vs. PBTP - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than PBTP's maximum drawdown of -5.44%. Use the drawdown chart below to compare losses from any high point for LTPZ and PBTP.
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Drawdown Indicators
| LTPZ | PBTP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -5.44% | -35.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -1.03% | -6.79% |
Max Drawdown (5Y)Largest decline over 5 years | -40.99% | -5.44% | -35.55% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | — | — |
Current DrawdownCurrent decline from peak | -33.95% | -0.24% | -33.71% |
Average DrawdownAverage peak-to-trough decline | -12.19% | -0.77% | -11.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 0.31% | +3.61% |
Volatility
LTPZ vs. PBTP - Volatility Comparison
PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a higher volatility of 3.99% compared to Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) at 0.56%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than PBTP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTPZ | PBTP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 0.56% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 6.46% | 1.05% | +5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 1.97% | +9.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 2.86% | +13.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 2.66% | +12.44% |