LTPZ vs. VTIP
Compare and contrast key facts about PIMCO 15+ Year US TIPS Index ETF (LTPZ) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
LTPZ and VTIP 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. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012. Both LTPZ and VTIP 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 VTIP.
Key characteristics
| LTPZ | VTIP | |
|---|---|---|
| YTD Return | -2.39% | 4.37% |
| 1Y Return | 4.88% | 6.48% |
| 3Y Return (Ann) | -12.54% | 2.10% |
| 5Y Return (Ann) | -1.98% | 3.51% |
| 10Y Return (Ann) | 1.01% | 2.38% |
| Sharpe Ratio | 0.49 | 3.16 |
| Sortino Ratio | 0.79 | 5.62 |
| Omega Ratio | 1.09 | 1.73 |
| Calmar Ratio | 0.18 | 4.45 |
| Martin Ratio | 1.59 | 25.76 |
| Ulcer Index | 4.18% | 0.27% |
| Daily Std Dev | 13.49% | 2.16% |
| Max Drawdown | -40.99% | -6.27% |
| Current Drawdown | -33.96% | -0.63% |
Correlation
The correlation between LTPZ and VTIP is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
LTPZ vs. VTIP - Performance Comparison
In the year-to-date period, LTPZ achieves a -2.39% return, which is significantly lower than VTIP's 4.37% return. Over the past 10 years, LTPZ has underperformed VTIP with an annualized return of 1.01%, while VTIP has yielded a comparatively higher 2.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LTPZ vs. VTIP - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is higher than VTIP'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. VTIP - 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 Short-Term Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 3.49%, more than VTIP's 3.39% 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.39% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
LTPZ vs. VTIP - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for LTPZ and VTIP. For additional features, visit the drawdowns tool.
Volatility
LTPZ vs. VTIP - Volatility Comparison
PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a higher volatility of 4.23% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.47%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.