LTPZ vs. TIPZ
LTPZ (PIMCO 15+ Year US TIPS Index ETF) and TIPZ (PIMCO Broad US TIPS Index ETF) are both Inflation-Protected Bonds funds from PIMCO - LTPZ tracks the ICE BofA US Inflation-Linked Treasury (15+ Y) while TIPZ tracks the ICE BofA US Inflation-Linked Treasury. Both are passively managed. Over the past 10 years, LTPZ returned 0.75%/yr vs 2.49%/yr for TIPZ. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
LTPZ vs. TIPZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LTPZ achieves a 0.41% return, which is significantly lower than TIPZ's 2.58% return. Over the past 10 years, LTPZ has underperformed TIPZ with an annualized return of 0.75%, while TIPZ has yielded a comparatively higher 2.49% annualized 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%
TIPZ
- 1D
- -0.20%
- 1M
- -0.01%
- YTD
- 2.58%
- 6M
- 1.00%
- 1Y
- 5.12%
- 3Y*
- 3.86%
- 5Y*
- 0.77%
- 10Y*
- 2.49%
LTPZ vs. TIPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 0.41% | 4.00% | -4.80% | 0.96% | -31.71% | 7.02% | 24.89% | 17.47% | -7.22% | 9.07% |
TIPZ PIMCO Broad US TIPS Index ETF | 2.58% | 5.87% | 1.52% | 3.37% | -12.67% | 5.48% | 10.98% | 8.64% | -1.65% | 3.12% |
Correlation
The correlation between LTPZ and TIPZ is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2009 | 0.88 |
The correlation between LTPZ and TIPZ has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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. TIPZ — Risk / Return Rank
LTPZ
TIPZ
LTPZ vs. TIPZ - 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 Broad US TIPS Index ETF (TIPZ). 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 | TIPZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 1.31 | -0.80 |
Sortino ratioReturn per unit of downside risk | 0.78 | 1.93 | -1.15 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.24 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.36 | -1.69 |
Martin ratioReturn relative to average drawdown | 1.48 | 7.37 | -5.89 |
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 | TIPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 1.31 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.12 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.43 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.53 | -0.31 |
Drawdowns
LTPZ vs. TIPZ - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than TIPZ's maximum drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for LTPZ and TIPZ.
Loading charts...
Drawdown Indicators
| LTPZ | TIPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -15.77% | -25.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -2.18% | -4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | -4.74% | -11.53% |
Max Drawdown (5Y)Largest decline over 5 years | -40.99% | -15.77% | -25.22% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -15.77% | -25.22% |
Current DrawdownCurrent decline from peak | -32.74% | -1.44% | -31.30% |
Average DrawdownAverage peak-to-trough decline | -12.41% | -4.33% | -8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 0.70% | +2.50% |
Volatility
LTPZ vs. TIPZ - Volatility Comparison
PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a higher volatility of 2.32% compared to PIMCO Broad US TIPS Index ETF (TIPZ) at 0.96%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than TIPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LTPZ | TIPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 0.96% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 2.88% | +3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 3.92% | +5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 6.37% | +9.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 5.84% | +9.23% |
LTPZ vs. TIPZ - Expense Ratio Comparison
Both LTPZ and TIPZ have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LTPZ vs. TIPZ - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 5.23%, more than TIPZ's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.11% | 4.74% | 4.44% | 4.69% | 7.14% | 4.41% | 1.47% | 1.65% | 2.23% | 1.70% | 1.06% | 0.56% |
Frequently Asked Questions
LTPZ and TIPZ have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LTPZ has higher volatility (2.32%) compared to TIPZ (0.96%). In terms of maximum drawdown, LTPZ dropped -40.99% vs TIPZ's -15.77%.
On 10-year performance, TIPZ leads with 2.49% vs 0.75% for LTPZ. Both ETFs have the same 0.20% expense ratio. On volatility, TIPZ has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TIPZ has performed better with a 2.49% return vs 0.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LTPZ and TIPZ have the same expense ratio: 0.20% per year.
LTPZ has the higher dividend yield at 5.23%, compared with 5.11% for TIPZ.
LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y), while TIPZ tracks ICE BofA US Inflation-Linked Treasury.
TIPZ currently has the higher Sharpe Ratio (1.31 vs 0.51), 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.
Find the right allocation for LTPZ and TIPZ
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