LTPZ vs. VTP
LTPZ (PIMCO 15+ Year U.S. TIPS Index ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds - LTPZ tracks the ICE BofA US Inflation-Linked Treasury (15+ Y) while VTP tracks the ICE U.S. Treasury Inflation Linked Bond Index. Both are passively managed. Over the past year, LTPZ returned -2.09% vs 1.93% for VTP. Their correlation of 0.86 means they have usually moved in the same direction. LTPZ charges 0.20%/yr vs 0.05%/yr for VTP.
Performance
LTPZ vs. VTP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LTPZ achieves a -3.35% return, which is significantly lower than VTP's 0.56% return.
LTPZ
- 1D
- 0.42%
- 1M
- -3.33%
- 6M
- -2.92%
- YTD
- -3.35%
- 1Y
- -2.09%
- 3Y*
- -1.08%
- 5Y*
- -7.35%
- 10Y*
- -0.17%
- ALL TIME*
- 2.81%
VTP
- 1D
- 0.07%
- 1M
- -0.86%
- 6M
- 0.33%
- YTD
- 0.56%
- 1Y
- 1.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.67M | $8.82M | $7.84M | |
| $4.14M | $3.47M | $2.46M |
LTPZ vs. VTP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LTPZ PIMCO 15+ Year U.S. TIPS Index ETF | -3.35% | 3.07% |
VTP Vanguard Total Inflation-Protected Securities ETF | 0.56% | 2.46% |
Correlation
The correlation between LTPZ and VTP is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.86 |
The correlation between LTPZ and VTP has been stable across timeframes, ranging from 0.85 to 0.86 - 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. VTP — Risk / Return Rank
LTPZ
VTP
LTPZ vs. VTP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 15+ Year U.S. TIPS Index ETF (LTPZ) and Vanguard Total Inflation-Protected Securities ETF (VTP). 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 | VTP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.10 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.01 | -1.27 |
| Martin ratioReturn relative to average drawdown | -0.54 | 2.66 | -3.20 |
Loading charts...
Drawdowns
LTPZ vs. VTP - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for LTPZ and VTP.
Loading charts...
Drawdown Indicators
| LTPZ | VTP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -1.92% | -39.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -1.92% | -6.17% |
Max Drawdown (3Y)Largest decline over 3 years | -12.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | — | — |
Current DrawdownCurrent decline from peak | -35.26% | -1.28% | -33.98% |
Average DrawdownAverage peak-to-trough decline | -12.61% | -0.56% | -12.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 0.73% | +3.16% |
Volatility
LTPZ vs. VTP - Volatility Comparison
PIMCO 15+ Year U.S. TIPS Index ETF (LTPZ) has a higher volatility of 2.08% compared to Vanguard Total Inflation-Protected Securities ETF (VTP) at 0.64%. This indicates that LTPZ's price experiences larger fluctuations and is considered to be riskier than VTP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LTPZ | VTP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 0.64% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 6.77% | 2.47% | +4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.01% | 3.21% | +5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 3.30% | +12.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 3.30% | +11.72% |
LTPZ vs. VTP - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is higher than VTP's 0.05% 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. VTP - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 7.00%, more than VTP's 2.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year U.S. TIPS Index ETF | 7.00% | 4.64% | 3.71% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.05% | 2.25% | 2.32% | 0.71% |
VTP Vanguard Total Inflation-Protected Securities ETF | 2.99% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LTPZ and VTP have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LTPZ has higher volatility (2.08%) compared to VTP (0.64%). In terms of maximum drawdown, LTPZ dropped -40.99% vs VTP's -1.92%.
On 1-year performance, VTP leads with 1.93% vs -2.09% for LTPZ. On fees, VTP is cheaper at 0.05% per year. On volatility, VTP has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VTP has performed better with a 1.93% return vs -2.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTP is cheaper with a 0.05% expense ratio, compared with 0.20% for LTPZ.
LTPZ has the higher dividend yield at 7.00%, compared with 2.99% for VTP.
LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y), while VTP tracks ICE U.S. Treasury Inflation Linked Bond Index. They also come from different issuers: PIMCO and Vanguard. Their fees differ too: 0.20% for LTPZ and 0.05% for VTP.
VTP currently has the higher Sharpe Ratio (0.60 vs -0.23), 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 VTP
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