LTPZ vs. PYLD
Compare and contrast key facts about PIMCO 15+ Year US TIPS Index ETF (LTPZ) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD).
LTPZ and PYLD 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. PYLD is an actively managed fund by PIMCO. It was launched on Jun 21, 2023.
Performance
LTPZ vs. PYLD - Performance Comparison
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LTPZ vs. PYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | -1.39% | 4.00% | -4.80% | -2.86% |
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | -0.92% | 9.57% | 7.69% | 5.60% |
Returns By Period
In the year-to-date period, LTPZ achieves a -1.39% return, which is significantly lower than PYLD's -0.92% 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%
PYLD
- 1D
- 0.50%
- 1M
- -2.28%
- YTD
- -0.92%
- 6M
- 0.90%
- 1Y
- 5.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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LTPZ vs. PYLD - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is lower than PYLD's 0.55% expense ratio.
Return for Risk
LTPZ vs. PYLD — Risk / Return Rank
LTPZ
PYLD
LTPZ vs. PYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 15+ Year US TIPS Index ETF (LTPZ) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). 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 | PYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.24 | 1.72 | -1.96 |
Sortino ratioReturn per unit of downside risk | -0.24 | 2.39 | -2.63 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.34 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | -0.21 | 1.84 | -2.06 |
Martin ratioReturn relative to average drawdown | -0.43 | 7.60 | -8.03 |
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 | PYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | 1.72 | -1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | — | — |
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 | 1.99 | -1.78 |
Correlation
The correlation between LTPZ and PYLD is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LTPZ vs. PYLD - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 4.64%, less than PYLD's 6.36% 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% |
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | 6.36% | 6.21% | 6.40% | 2.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LTPZ vs. PYLD - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than PYLD's maximum drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for LTPZ and PYLD.
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Drawdown Indicators
| LTPZ | PYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -4.52% | -36.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -3.25% | -4.57% |
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 | -33.95% | -2.28% | -31.67% |
Average DrawdownAverage peak-to-trough decline | -12.19% | -0.64% | -11.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 0.79% | +3.13% |
Volatility
LTPZ vs. PYLD - Volatility Comparison
PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a higher volatility of 3.99% compared to PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) at 1.61%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than PYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTPZ | PYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 1.61% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.46% | 2.12% | +4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 3.43% | +7.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 4.00% | +11.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 4.00% | +11.10% |