MFUS vs. LTPZ
MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) and LTPZ (PIMCO 15+ Year US TIPS Index ETF) are both exchange-traded funds - MFUS is a Large Cap Growth Equities fund tracking the RAFI Dynamic Multi-Factor U.S. Index, while LTPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (15+ Y). Both are passively managed. Over the past 5 years, MFUS returned 12.86%/yr vs -5.21%/yr for LTPZ. At a 0.04 correlation, their price movements are largely independent. MFUS charges 0.30%/yr vs 0.20%/yr for LTPZ.
Performance
MFUS vs. LTPZ - Performance Comparison
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Returns By Period
In the year-to-date period, MFUS achieves a 16.59% return, which is significantly higher than LTPZ's 0.57% return.
MFUS
- 1D
- 0.19%
- 1M
- 4.47%
- YTD
- 16.59%
- 6M
- 16.69%
- 1Y
- 28.65%
- 3Y*
- 22.52%
- 5Y*
- 12.86%
- 10Y*
- —
LTPZ
- 1D
- 0.15%
- 1M
- 0.72%
- YTD
- 0.57%
- 6M
- -0.64%
- 1Y
- 3.59%
- 3Y*
- -0.77%
- 5Y*
- -5.21%
- 10Y*
- 0.80%
MFUS vs. LTPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 16.59% | 16.02% | 20.17% | 12.19% | -5.82% | 24.10% | 10.64% | 26.17% | -7.30% | 11.20% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | 0.57% | 4.00% | -4.80% | 0.96% | -31.71% | 7.02% | 24.89% | 17.47% | -7.22% | 3.36% |
Correlation
The correlation between MFUS and LTPZ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2017 | 0.04 |
Over the past year, MFUS and LTPZ have become more correlated (0.27) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
MFUS vs. LTPZ — Risk / Return Rank
MFUS
LTPZ
MFUS vs. LTPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) and PIMCO 15+ Year US TIPS Index ETF (LTPZ). 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.
| MFUS | LTPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.07 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 0.51 | +3.99 |
| Martin ratioReturn relative to average drawdown | 18.52 | 1.12 | +17.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MFUS | LTPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 0.39 | +2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | -0.33 | +1.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.21 | +0.58 |
Drawdowns
MFUS vs. LTPZ - Drawdown Comparison
The maximum MFUS drawdown since its inception was -35.21%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for MFUS and LTPZ.
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Drawdown Indicators
| MFUS | LTPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -40.99% | +5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -6.39% | -7.00% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.39% | -16.27% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -40.99% | +22.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.99% | — |
Current DrawdownCurrent decline from peak | 0.00% | -32.64% | +32.64% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -12.41% | +8.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 3.21% | -1.66% |
Volatility
MFUS vs. LTPZ - Volatility Comparison
PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) has a higher volatility of 2.97% compared to PIMCO 15+ Year US TIPS Index ETF (LTPZ) at 2.29%. This indicates that MFUS's price experiences larger fluctuations and is considered to be riskier than LTPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFUS | LTPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 2.29% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 6.41% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.71% | 9.26% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 15.87% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 15.06% | +2.29% |
MFUS vs. LTPZ - Expense Ratio Comparison
MFUS has a 0.30% expense ratio, which is higher than LTPZ's 0.20% expense ratio.
Dividends
MFUS vs. LTPZ - Dividend Comparison
MFUS's dividend yield for the trailing twelve months is around 1.35%, less than LTPZ's 5.22% 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% |
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 1.35% | 1.54% | 1.45% | 1.96% | 2.07% | 1.35% | 1.72% | 1.89% | 1.69% | 1.01% | 0.00% | 0.00% |
Frequently Asked Questions
MFUS and LTPZ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFUS has higher volatility (2.97%) compared to LTPZ (2.29%). In terms of maximum drawdown, MFUS dropped -35.21% vs LTPZ's -40.99%.
On 5-year performance, MFUS leads with 12.86% vs -5.21% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, LTPZ has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MFUS has performed better with a 12.86% return vs -5.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LTPZ is cheaper with a 0.20% expense ratio, compared with 0.30% for MFUS.
LTPZ has the higher dividend yield at 5.22%, compared with 1.35% for MFUS.
MFUS is categorized as Large Cap Growth Equities, while LTPZ is Inflation-Protected Bonds. MFUS tracks RAFI Dynamic Multi-Factor U.S. Index, while LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y). Their fees differ too: 0.30% for MFUS and 0.20% for LTPZ.
MFUS currently has the higher Sharpe Ratio (2.69 vs 0.39), 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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