LTPZ vs. VGLT
LTPZ (PIMCO 15+ Year US TIPS Index ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both exchange-traded funds - LTPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (15+ Y), while VGLT is a Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 10 years, LTPZ returned 0.66%/yr vs -1.21%/yr for VGLT. Their correlation of 0.82 suggests significant overlap in exposure. LTPZ charges 0.20%/yr vs 0.03%/yr for VGLT.
Performance
LTPZ vs. VGLT - Performance Comparison
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Returns By Period
In the year-to-date period, LTPZ achieves a 0.42% return, which is significantly higher than VGLT's 0.30% return. Over the past 10 years, LTPZ has outperformed VGLT with an annualized return of 0.66%, while VGLT has yielded a comparatively lower -1.21% annualized return.
LTPZ
- 1D
- 1.05%
- 1M
- 1.11%
- YTD
- 0.42%
- 6M
- -0.15%
- 1Y
- 4.41%
- 3Y*
- -1.03%
- 5Y*
- -5.52%
- 10Y*
- 0.66%
VGLT
- 1D
- 1.24%
- 1M
- 1.39%
- YTD
- 0.30%
- 6M
- -0.10%
- 1Y
- 4.73%
- 3Y*
- -0.52%
- 5Y*
- -5.47%
- 10Y*
- -1.21%
LTPZ vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 0.42% | 4.00% | -4.80% | 0.96% | -31.71% | 7.02% | 24.89% | 17.47% | -7.22% | 9.07% |
VGLT Vanguard Long-Term Treasury ETF | 0.30% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Correlation
The correlation between LTPZ and VGLT is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.82 |
The correlation between LTPZ and VGLT shifts across timeframes, from 0.82 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LTPZ vs. VGLT — Risk / Return Rank
LTPZ
VGLT
LTPZ vs. VGLT - Risk-Adjusted Trends 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.
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 | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.09 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.68 | -0.05 |
| Martin ratioReturn relative to average drawdown | 1.35 | 1.71 | -0.36 |
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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.
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Drawdown Indicators
| LTPZ | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -46.18% | +5.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -7.01% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | -17.68% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -40.99% | -40.98% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -46.18% | +5.19% |
Current DrawdownCurrent decline from peak | -32.73% | -36.38% | +3.65% |
Average DrawdownAverage peak-to-trough decline | -12.43% | -15.09% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.77% | +0.50% |
Volatility
LTPZ vs. VGLT - Volatility Comparison
PIMCO 15+ Year US TIPS Index ETF (LTPZ) and Vanguard Long-Term Treasury ETF (VGLT) have volatilities of 2.55% and 2.68%, 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.
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Volatility by Period
| LTPZ | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 2.68% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 6.09% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.20% | 8.79% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 14.57% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 13.82% | +1.25% |
LTPZ vs. VGLT - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is higher than VGLT's 0.03% 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%.
Dividends
LTPZ vs. VGLT - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 5.23%, more than VGLT's 4.58% 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% |
VGLT Vanguard Long-Term Treasury ETF | 4.58% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
With a correlation of 0.92, LTPZ and VGLT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VGLT has higher volatility (2.68%) compared to LTPZ (2.55%). In terms of maximum drawdown, LTPZ dropped -40.99% vs VGLT's -46.18%.
On 10-year performance, LTPZ leads with 0.66% vs -1.21% for VGLT. On fees, VGLT is cheaper at 0.03% per year. On volatility, LTPZ has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, LTPZ has performed better with a 0.66% return vs -1.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGLT is cheaper with a 0.03% expense ratio, compared with 0.20% for LTPZ.
LTPZ has the higher dividend yield at 5.23%, compared with 4.58% for VGLT.
LTPZ is categorized as Inflation-Protected Bonds, while VGLT is Government Bonds. LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y), while VGLT tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: PIMCO and Vanguard. Their fees differ too: 0.20% for LTPZ and 0.03% for VGLT.
VGLT currently has the higher Sharpe Ratio (0.54 vs 0.48), 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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