LTPZ vs. VGLT
Compare and contrast key facts about PIMCO 15+ Year US TIPS Index ETF (LTPZ) and Vanguard Long-Term Treasury ETF (VGLT).
LTPZ and VGLT 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. VGLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government Float Adjusted Index. It was launched on Nov 19, 2009. Both LTPZ and VGLT 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 VGLT.
Key characteristics
| LTPZ | VGLT | |
|---|---|---|
| YTD Return | -2.39% | -4.73% |
| 1Y Return | 4.88% | 4.93% |
| 3Y Return (Ann) | -12.54% | -11.23% |
| 5Y Return (Ann) | -1.98% | -5.14% |
| 10Y Return (Ann) | 1.01% | 0.03% |
| Sharpe Ratio | 0.49 | 0.52 |
| Sortino Ratio | 0.79 | 0.83 |
| Omega Ratio | 1.09 | 1.10 |
| Calmar Ratio | 0.18 | 0.17 |
| Martin Ratio | 1.59 | 1.33 |
| Ulcer Index | 4.18% | 5.41% |
| Daily Std Dev | 13.49% | 13.69% |
| Max Drawdown | -40.99% | -46.18% |
| Current Drawdown | -33.96% | -38.80% |
Correlation
The correlation between LTPZ and VGLT is 0.81, 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.
Performance
LTPZ vs. VGLT - Performance Comparison
In the year-to-date period, LTPZ achieves a -2.39% return, which is significantly higher than VGLT's -4.73% return. Over the past 10 years, LTPZ has outperformed VGLT with an annualized return of 1.01%, while VGLT has yielded a comparatively lower 0.03% annualized 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. VGLT - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is higher than VGLT's 0.04% 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. VGLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 15+ Year US TIPS Index ETF (LTPZ) and Vanguard Long-Term Treasury ETF (VGLT). 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. VGLT - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 3.49%, less than VGLT's 4.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 3.49% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.80% | 2.25% | 2.32% | 0.71% | 1.77% | 1.28% |
VGLT Vanguard Long-Term Treasury ETF | 4.13% | 3.33% | 2.83% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% | 3.19% |
Drawdowns
LTPZ vs. VGLT - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for LTPZ and VGLT. For additional features, visit the drawdowns tool.
Volatility
LTPZ vs. VGLT - Volatility Comparison
PIMCO 15+ Year US TIPS Index ETF (LTPZ) and Vanguard Long-Term Treasury ETF (VGLT) have volatilities of 4.23% and 4.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.