LTPZ vs. USHY
Compare and contrast key facts about PIMCO 15+ Year US TIPS Index ETF (LTPZ) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
LTPZ and USHY 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. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. Both LTPZ and USHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LTPZ or USHY.
Key characteristics
| LTPZ | USHY | |
|---|---|---|
| YTD Return | -6.98% | 0.70% |
| 1Y Return | -9.22% | 9.29% |
| 3Y Return (Ann) | -9.61% | 1.38% |
| 5Y Return (Ann) | -0.82% | 3.40% |
| Sharpe Ratio | -0.69 | 1.44 |
| Daily Std Dev | 16.12% | 5.98% |
| Max Drawdown | -40.99% | -22.44% |
| Current Drawdown | -37.07% | -1.35% |
Correlation
The correlation between LTPZ and USHY is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LTPZ vs. USHY - Performance Comparison
In the year-to-date period, LTPZ achieves a -6.98% return, which is significantly lower than USHY's 0.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LTPZ vs. USHY - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is higher than USHY's 0.15% 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%.
Risk-Adjusted Performance
LTPZ vs. USHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 15+ Year US TIPS Index ETF (LTPZ) and iShares Broad USD High Yield Corporate Bond ETF (USHY). 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.
Dividends
LTPZ vs. USHY - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 3.47%, less than USHY's 6.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 3.47% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.80% | 2.25% | 2.32% | 0.71% | 1.77% | 1.28% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.24% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LTPZ vs. USHY - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than USHY's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for LTPZ and USHY. For additional features, visit the drawdowns tool.
Volatility
LTPZ vs. USHY - Volatility Comparison
PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a higher volatility of 3.77% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 1.64%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.