RAFE vs. LTPZ
RAFE (PIMCO RAFI ESG U.S. ETF) and LTPZ (PIMCO 15+ Year US TIPS Index ETF) are both exchange-traded funds - RAFE is a Large Cap Blend Equities fund tracking the RAFI ESG US 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, RAFE returned 11.54%/yr vs -7.34%/yr for LTPZ. Their 0.05 correlation means their historical movements had little consistent relationship. RAFE charges 0.30%/yr vs 0.20%/yr for LTPZ.
Performance
RAFE vs. LTPZ - Performance Comparison
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Returns By Period
In the year-to-date period, RAFE achieves a 16.68% return, which is significantly higher than LTPZ's -3.75% return.
RAFE
- 1D
- -0.31%
- 1M
- 1.12%
- 6M
- 14.64%
- YTD
- 16.68%
- 1Y
- 31.75%
- 3Y*
- 18.09%
- 5Y*
- 11.54%
- 10Y*
- —
- ALL TIME*
- 12.67%
LTPZ
- 1D
- -0.34%
- 1M
- -3.73%
- 6M
- -3.61%
- YTD
- -3.75%
- 1Y
- -2.50%
- 3Y*
- -1.54%
- 5Y*
- -7.34%
- 10Y*
- -0.06%
- ALL TIME*
- 2.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.36M | $8.24M | $7.63M | |
| $564.44K | $467.39K | $607.84K |
RAFE vs. LTPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RAFE PIMCO RAFI ESG U.S. ETF | 16.68% | 17.60% | 13.81% | 18.80% | -13.76% | 30.16% | 5.29% | 0.43% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | -3.75% | 4.00% | -4.80% | 0.96% | -31.71% | 7.02% | 24.89% | -0.70% |
Correlation
The correlation between RAFE and LTPZ is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2019 | 0.05 |
Over the past year, RAFE and LTPZ have become more correlated (0.31) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
RAFE vs. LTPZ — Risk / Return Rank
RAFE
LTPZ
RAFE vs. LTPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI ESG U.S. ETF (RAFE) 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.
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.
| RAFE | LTPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.85 | ||
| Sortino ratioReturn per unit of downside risk | +3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.98 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | -0.20 | +4.29 |
| Martin ratioReturn relative to average drawdown | 16.26 | -0.42 | +16.67 |
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Drawdowns
RAFE vs. LTPZ - Drawdown Comparison
The maximum RAFE drawdown since its inception was -35.74%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for RAFE and LTPZ.
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Drawdown Indicators
| RAFE | LTPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.74% | -40.99% | +5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.46% | -8.09% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -12.64% | -3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -24.28% | -40.99% | +16.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.99% | — |
Current DrawdownCurrent decline from peak | -0.96% | -35.53% | +34.57% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -12.60% | +6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 3.86% | -1.99% |
Volatility
RAFE vs. LTPZ - Volatility Comparison
PIMCO RAFI ESG U.S. ETF (RAFE) has a higher volatility of 3.01% compared to PIMCO 15+ Year US TIPS Index ETF (LTPZ) at 2.05%. This indicates that RAFE'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
| RAFE | LTPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 2.05% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 6.79% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 9.03% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.05% | 15.85% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 15.03% | +4.24% |
RAFE vs. LTPZ - Expense Ratio Comparison
RAFE has a 0.30% expense ratio, which is higher than LTPZ's 0.20% expense ratio.
Dividends
RAFE vs. LTPZ - Dividend Comparison
RAFE's dividend yield for the trailing twelve months is around 1.48%, less than LTPZ's 6.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 6.00% | 4.64% | 3.71% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.05% | 2.25% | 2.32% | 0.71% |
RAFE PIMCO RAFI ESG U.S. ETF | 1.48% | 1.67% | 1.79% | 1.81% | 2.22% | 1.42% | 2.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RAFE and LTPZ have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RAFE has higher volatility (3.01%) compared to LTPZ (2.05%). In terms of maximum drawdown, RAFE dropped -35.74% vs LTPZ's -40.99%.
On 5-year performance, RAFE leads with 11.54% vs -7.34% for LTPZ. On fees, LTPZ is cheaper at 0.20% per year. On volatility, LTPZ has been the lower-risk option at 2.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, RAFE has performed better with a 11.54% return vs -7.34%. 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 RAFE.
LTPZ has the higher dividend yield at 6.00%, compared with 1.48% for RAFE.
RAFE is categorized as Large Cap Blend Equities, while LTPZ is Inflation-Protected Bonds. RAFE tracks RAFI ESG US Index, while LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y). Their fees differ too: 0.30% for RAFE and 0.20% for LTPZ.
RAFE currently has the higher Sharpe Ratio (2.67 vs -0.18), 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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