LTPZ vs. VTP
LTPZ (PIMCO 15+ Year US 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 0-5. Both are passively managed. Their correlation of 0.86 suggests significant overlap in exposure. LTPZ charges 0.20%/yr vs 0.05%/yr for VTP.
Performance
LTPZ vs. VTP - Performance Comparison
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Returns By Period
In the year-to-date period, LTPZ achieves a -0.06% return, which is significantly lower than VTP's 0.75% return.
LTPZ
- 1D
- -0.22%
- 1M
- 0.76%
- YTD
- -0.06%
- 6M
- -0.12%
- 1Y
- 2.88%
- 3Y*
- -1.61%
- 5Y*
- -5.64%
- 10Y*
- 0.61%
VTP
- 1D
- -0.02%
- 1M
- -0.12%
- YTD
- 0.75%
- 6M
- 0.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LTPZ vs. VTP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | -0.06% | 3.07% |
VTP Vanguard Total Inflation-Protected Securities ETF | 0.75% | 2.46% |
Correlation
The correlation between LTPZ and VTP is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.86 |
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Return for Risk
LTPZ vs. VTP — Risk / Return Rank
LTPZ
VTP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LTPZ vs. VTP - 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 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 | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.06 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | — | — |
| Martin ratioReturn relative to average drawdown | 0.86 | — | — |
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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.
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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 | -7.00% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.05% | — | — |
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 | -33.06% | -1.09% | -31.97% |
Average DrawdownAverage peak-to-trough decline | -12.47% | -0.52% | -11.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | — | — |
Volatility
LTPZ vs. VTP - Volatility Comparison
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Volatility by Period
| LTPZ | VTP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.62% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.13% | 3.34% | +5.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 3.34% | +12.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 3.34% | +11.73% |
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 5.25%, more than VTP's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 5.25% | 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 | 1.62% | 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 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTP is cheaper with a 0.05% expense ratio, compared with 0.20% for LTPZ.
LTPZ has the higher dividend yield at 5.25%, compared with 1.62% for VTP.
LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y), while VTP tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5. They also come from different issuers: PIMCO and Vanguard. Their fees differ too: 0.20% for LTPZ and 0.05% for VTP.
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