LTPZ vs. RINF
LTPZ (PIMCO 15+ Year U.S. TIPS Index ETF) and RINF (ProShares Inflation Expectations ETF) are both Inflation-Protected Bonds funds - LTPZ tracks the ICE BofA US Inflation-Linked Treasury (15+ Y) while RINF tracks the FTSE 30-Year TIPS (Treasury Rate-Hedged) Index. Both are passively managed. Over the past 10 years, LTPZ returned -0.17%/yr vs 4.71%/yr for RINF. Their 0.02 correlation means their historical movements had little consistent relationship. LTPZ charges 0.20%/yr vs 0.30%/yr for RINF.
Performance
LTPZ vs. RINF - 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 RINF's 3.08% return. Over the past 10 years, LTPZ has underperformed RINF with an annualized return of -0.17%, while RINF has yielded a comparatively higher 4.71% annualized 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%
RINF
- 1D
- -0.09%
- 1M
- 1.37%
- 6M
- 2.73%
- YTD
- 3.08%
- 1Y
- 4.58%
- 3Y*
- 3.55%
- 5Y*
- 6.04%
- 10Y*
- 4.71%
- ALL TIME*
- 1.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.67M | $8.82M | $7.84M | |
| $103.67K | $116.51K | $133.64K |
LTPZ vs. RINF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year U.S. TIPS Index ETF | -3.35% | 4.00% | -4.80% | 0.96% | -31.71% | 7.02% | 24.89% | 17.47% | -7.22% | 9.07% |
RINF ProShares Inflation Expectations ETF | 3.08% | 1.64% | 9.79% | 0.21% | 8.77% | 16.20% | 1.98% | 1.82% | -0.79% | -1.70% |
Correlation
The correlation between LTPZ and RINF is -0.20, 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. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | -0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | 0.02 |
The correlation between LTPZ and RINF shifts across timeframes, from -0.29 (3 years) to 0.02 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
LTPZ vs. RINF — Risk / Return Rank
LTPZ
RINF
LTPZ vs. RINF - 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 ProShares Inflation Expectations ETF (RINF). 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 | RINF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.19 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 2.01 | -2.27 |
| Martin ratioReturn relative to average drawdown | -0.54 | 4.97 | -5.51 |
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Drawdowns
LTPZ vs. RINF - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, smaller than the maximum RINF drawdown of -43.51%. Use the drawdown chart below to compare losses from any high point for LTPZ and RINF.
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Drawdown Indicators
| LTPZ | RINF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -43.51% | +2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -2.29% | -5.80% |
Max Drawdown (3Y)Largest decline over 3 years | -12.64% | -9.62% | -3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -40.99% | -13.58% | -27.41% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -29.18% | -11.81% |
Current DrawdownCurrent decline from peak | -35.26% | -0.09% | -35.17% |
Average DrawdownAverage peak-to-trough decline | -12.61% | -16.28% | +3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 0.92% | +2.97% |
Volatility
LTPZ vs. RINF - Volatility Comparison
PIMCO 15+ Year U.S. TIPS Index ETF (LTPZ) has a higher volatility of 2.08% compared to ProShares Inflation Expectations ETF (RINF) at 1.47%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than RINF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTPZ | RINF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 1.47% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 6.77% | 3.13% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.01% | 4.21% | +4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 12.50% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 12.54% | +2.48% |
LTPZ vs. RINF - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is lower than RINF's 0.30% expense ratio.
Dividends
LTPZ vs. RINF - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 7.00%, more than RINF's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RINF ProShares Inflation Expectations ETF | 3.64% | 3.89% | 4.68% | 5.07% | 1.15% | 2.76% | 0.82% | 1.90% | 2.47% | 2.99% | 1.09% | 1.83% |
Frequently Asked Questions
LTPZ and RINF have a correlation of -0.20, 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 RINF (1.47%). In terms of maximum drawdown, LTPZ dropped -40.99% vs RINF's -43.51%.
On 10-year performance, RINF leads with 4.71% vs -0.17% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, RINF has been the lower-risk option at 1.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RINF has performed better with a 4.71% return vs -0.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LTPZ is cheaper with a 0.20% expense ratio, compared with 0.30% for RINF.
LTPZ has the higher dividend yield at 7.00%, compared with 3.64% for RINF.
LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y), while RINF tracks FTSE 30-Year TIPS (Treasury Rate-Hedged) Index. They also come from different issuers: PIMCO and ProShares. Their fees differ too: 0.20% for LTPZ and 0.30% for RINF.
RINF currently has the higher Sharpe Ratio (1.09 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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