LTPZ vs. XLE
LTPZ (PIMCO 15+ Year US TIPS Index ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - LTPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (15+ Y), while XLE is a Energy Equities fund tracking the Energy Select Sector Index. Both are passively managed. Over the past 10 years, LTPZ returned 0.75%/yr vs 9.91%/yr for XLE. At a correlation of -0.15, they often move in opposite directions. LTPZ charges 0.20%/yr vs 0.08%/yr for XLE.
Performance
LTPZ vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, LTPZ achieves a 0.53% return, which is significantly lower than XLE's 29.56% return. Over the past 10 years, LTPZ has underperformed XLE with an annualized return of 0.75%, while XLE has yielded a comparatively higher 9.91% annualized return.
LTPZ
- 1D
- 0.11%
- 1M
- 1.30%
- YTD
- 0.53%
- 6M
- 0.57%
- 1Y
- 4.30%
- 3Y*
- -0.67%
- 5Y*
- -5.50%
- 10Y*
- 0.75%
XLE
- 1D
- 0.75%
- 1M
- -0.90%
- YTD
- 29.56%
- 6M
- 28.37%
- 1Y
- 34.84%
- 3Y*
- 16.18%
- 5Y*
- 20.12%
- 10Y*
- 9.91%
LTPZ vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 0.53% | 4.00% | -4.80% | 0.96% | -31.71% | 7.02% | 24.89% | 17.47% | -7.22% | 9.07% |
XLE State Street Energy Select Sector SPDR ETF | 29.56% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -18.22% | -0.89% |
Correlation
The correlation between LTPZ and XLE is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2009 | -0.15 |
The correlation between LTPZ and XLE shifts across timeframes, from -0.17 (1 year) to -0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LTPZ vs. XLE — Risk / Return Rank
LTPZ
XLE
LTPZ vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 15+ Year US TIPS Index ETF (LTPZ) and State Street Energy Select Sector SPDR ETF (XLE). 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 | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.30 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 3.10 | -2.58 |
| Martin ratioReturn relative to average drawdown | 1.11 | 8.63 | -7.52 |
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Drawdowns
LTPZ vs. XLE - Drawdown Comparison
The maximum LTPZ drawdown since its inception was -40.99%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for LTPZ and XLE.
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Drawdown Indicators
| LTPZ | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -71.26% | +30.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -12.05% | +5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | -20.14% | +3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -40.99% | -26.04% | -14.95% |
Max Drawdown (10Y)Largest decline over 10 years | -40.99% | -66.81% | +25.82% |
Current DrawdownCurrent decline from peak | -32.66% | -8.01% | -24.65% |
Average DrawdownAverage peak-to-trough decline | -12.44% | -17.97% | +5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 4.32% | -1.04% |
Volatility
LTPZ vs. XLE - Volatility Comparison
The current volatility for PIMCO 15+ Year US TIPS Index ETF (LTPZ) is 2.55%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 7.26%. This indicates that LTPZ experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTPZ | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 7.26% | -4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.54% | 16.79% | -10.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.19% | 20.57% | -11.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 26.05% | -10.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 29.58% | -14.51% |
LTPZ vs. XLE - Expense Ratio Comparison
LTPZ has a 0.20% expense ratio, which is higher than XLE's 0.08% 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. XLE - Dividend Comparison
LTPZ's dividend yield for the trailing twelve months is around 5.22%, more than XLE's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 5.22% | 4.64% | 3.71% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.05% | 2.25% | 2.32% | 0.71% |
XLE State Street Energy Select Sector SPDR ETF | 2.59% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
LTPZ and XLE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (7.26%) compared to LTPZ (2.55%). In terms of maximum drawdown, LTPZ dropped -40.99% vs XLE's -71.26%.
On 10-year performance, XLE leads with 9.91% vs 0.75% for LTPZ. On fees, XLE is cheaper at 0.08% 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, XLE has performed better with a 9.91% return vs 0.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLE is cheaper with a 0.08% expense ratio, compared with 0.20% for LTPZ.
LTPZ has the higher dividend yield at 5.22%, compared with 2.59% for XLE.
LTPZ is categorized as Inflation-Protected Bonds, while XLE is Energy Equities. LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y), while XLE tracks Energy Select Sector Index. They also come from different issuers: PIMCO and State Street. Their fees differ too: 0.20% for LTPZ and 0.08% for XLE.
XLE currently has the higher Sharpe Ratio (1.82 vs 0.40), 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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