RZV vs. LTPZ
RZV (Invesco S&P SmallCap 600® Pure Value ETF) and LTPZ (PIMCO 15+ Year US TIPS Index ETF) are both exchange-traded funds - RZV is a Small Cap Value Equities fund tracking the S&P Small Cap 600 Pure Value, 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 10 years, RZV returned 11.31%/yr vs 0.75%/yr for LTPZ. At a correlation of -0.12, they often move in opposite directions. RZV charges 0.35%/yr vs 0.20%/yr for LTPZ.
Performance
RZV vs. LTPZ - Performance Comparison
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Returns By Period
In the year-to-date period, RZV achieves a 23.59% return, which is significantly higher than LTPZ's 0.53% return. Over the past 10 years, RZV has outperformed LTPZ with an annualized return of 11.31%, while LTPZ has yielded a comparatively lower 0.75% annualized return.
RZV
- 1D
- 1.20%
- 1M
- 9.61%
- YTD
- 23.59%
- 6M
- 20.15%
- 1Y
- 47.15%
- 3Y*
- 17.99%
- 5Y*
- 9.72%
- 10Y*
- 11.31%
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%
RZV vs. LTPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RZV Invesco S&P SmallCap 600® Pure Value ETF | 23.59% | 8.65% | 5.06% | 22.97% | -6.80% | 45.95% | -3.88% | 22.29% | -19.66% | 1.25% |
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% |
Correlation
The correlation between RZV and LTPZ is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2009 | -0.12 |
The correlation between RZV and LTPZ shifts across timeframes, from -0.12 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RZV vs. LTPZ — Risk / Return Rank
RZV
LTPZ
RZV vs. LTPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600® Pure Value ETF (RZV) 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.
| RZV | LTPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.07 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 0.52 | +3.07 |
| Martin ratioReturn relative to average drawdown | 11.69 | 1.11 | +10.58 |
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Drawdowns
RZV vs. LTPZ - Drawdown Comparison
The maximum RZV drawdown since its inception was -77.11%, which is greater than LTPZ's maximum drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for RZV and LTPZ.
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Drawdown Indicators
| RZV | LTPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.11% | -40.99% | -36.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -7.00% | -5.56% |
Max Drawdown (3Y)Largest decline over 3 years | -29.81% | -16.27% | -13.54% |
Max Drawdown (5Y)Largest decline over 5 years | -29.81% | -40.99% | +11.18% |
Max Drawdown (10Y)Largest decline over 10 years | -60.42% | -40.99% | -19.43% |
Current DrawdownCurrent decline from peak | 0.00% | -32.66% | +32.66% |
Average DrawdownAverage peak-to-trough decline | -13.58% | -12.44% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 3.28% | +0.57% |
Volatility
RZV vs. LTPZ - Volatility Comparison
Invesco S&P SmallCap 600® Pure Value ETF (RZV) has a higher volatility of 5.14% compared to PIMCO 15+ Year US TIPS Index ETF (LTPZ) at 2.55%. This indicates that RZV'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
| RZV | LTPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 2.55% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 13.84% | 6.54% | +7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.71% | 9.19% | +11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 15.87% | +8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.02% | 15.07% | +11.95% |
RZV vs. LTPZ - Expense Ratio Comparison
RZV has a 0.35% expense ratio, which is higher than LTPZ's 0.20% expense ratio.
Dividends
RZV vs. LTPZ - Dividend Comparison
RZV's dividend yield for the trailing twelve months is around 1.28%, 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% |
RZV Invesco S&P SmallCap 600® Pure Value ETF | 1.28% | 1.59% | 1.14% | 1.13% | 1.43% | 0.86% | 0.63% | 1.03% | 2.03% | 1.02% | 0.46% | 1.24% |
Frequently Asked Questions
RZV and LTPZ have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RZV has higher volatility (5.14%) compared to LTPZ (2.55%). In terms of maximum drawdown, RZV dropped -77.11% vs LTPZ's -40.99%.
On 10-year performance, RZV leads with 11.31% vs 0.75% for LTPZ. On fees, LTPZ is cheaper at 0.20% 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, RZV has performed better with a 11.31% return vs 0.75%. 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 0.35% for RZV.
LTPZ has the higher dividend yield at 5.22%, compared with 1.28% for RZV.
RZV is categorized as Small Cap Value Equities, while LTPZ is Inflation-Protected Bonds. RZV tracks S&P Small Cap 600 Pure Value, while LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y). They also come from different issuers: Invesco and PIMCO. Their fees differ too: 0.35% for RZV and 0.20% for LTPZ.
RZV currently has the higher Sharpe Ratio (2.18 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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