STPZ vs. BOND
STPZ (PIMCO 1-5 Year US TIPS Index ETF) and BOND (PIMCO Active Bond ETF) are both exchange-traded funds - STPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (1-5 Y), while BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO. STPZ is passively managed, while BOND is actively managed. Over the past 10 years, STPZ returned 2.82%/yr vs 1.97%/yr for BOND. Their 0.51 correlation means they have sometimes moved together and sometimes differently. STPZ charges 0.20%/yr vs 0.54%/yr for BOND.
Performance
STPZ vs. BOND - Performance Comparison
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Returns By Period
In the year-to-date period, STPZ achieves a 1.47% return, which is significantly higher than BOND's -0.06% return. Over the past 10 years, STPZ has outperformed BOND with an annualized return of 2.82%, while BOND has yielded a comparatively lower 1.97% annualized return.
STPZ
- 1D
- 0.02%
- 1M
- 0.06%
- 6M
- 1.12%
- YTD
- 1.47%
- 1Y
- 2.60%
- 3Y*
- 4.85%
- 5Y*
- 2.62%
- 10Y*
- 2.82%
- ALL TIME*
- 2.41%
BOND
- 1D
- 0.24%
- 1M
- -1.19%
- 6M
- -0.46%
- YTD
- -0.06%
- 1Y
- 3.27%
- 3Y*
- 5.05%
- 5Y*
- -0.02%
- 10Y*
- 1.97%
- ALL TIME*
- 2.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $47.52M | $49.49M | $50.37M | |
| $3.45M | $3.35M | $4.10M |
STPZ vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STPZ PIMCO 1-5 Year US TIPS Index ETF | 1.47% | 6.40% | 4.30% | 4.28% | -4.49% | 5.64% | 5.44% | 4.83% | 0.04% | 0.51% |
BOND PIMCO Active Bond ETF | -0.06% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
Correlation
The correlation between STPZ and BOND is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2012 | 0.51 |
The correlation between STPZ and BOND shifts across timeframes, from 0.51 (all time) to 0.66 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
STPZ vs. BOND — Risk / Return Rank
STPZ
BOND
STPZ vs. BOND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 1-5 Year US TIPS Index ETF (STPZ) and PIMCO Active Bond ETF (BOND). 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.
| STPZ | BOND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.14 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 1.09 | +1.72 |
| Martin ratioReturn relative to average drawdown | 7.50 | 2.93 | +4.57 |
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Drawdowns
STPZ vs. BOND - Drawdown Comparison
The maximum STPZ drawdown since its inception was -6.77%, smaller than the maximum BOND drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for STPZ and BOND.
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Drawdown Indicators
| STPZ | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.77% | -19.71% | +12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -3.01% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -1.35% | -5.21% | +3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -6.70% | -19.69% | +12.99% |
Max Drawdown (10Y)Largest decline over 10 years | -6.77% | -19.71% | +12.94% |
Current DrawdownCurrent decline from peak | -0.43% | -2.10% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -3.48% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 1.12% | -0.77% |
Volatility
STPZ vs. BOND - Volatility Comparison
The current volatility for PIMCO 1-5 Year US TIPS Index ETF (STPZ) is 0.46%, while PIMCO Active Bond ETF (BOND) has a volatility of 1.17%. This indicates that STPZ experiences smaller price fluctuations and is considered to be less risky than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STPZ | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 1.17% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.44% | 3.23% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 3.94% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 5.80% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.98% | 5.10% | -2.12% |
STPZ vs. BOND - Expense Ratio Comparison
STPZ has a 0.20% expense ratio, which is lower than BOND's 0.54% expense ratio.
Dividends
STPZ vs. BOND - Dividend Comparison
STPZ's dividend yield for the trailing twelve months is around 5.27%, which matches BOND's 5.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 5.26% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
STPZ PIMCO 1-5 Year US TIPS Index ETF | 5.27% | 3.65% | 1.97% | 1.63% | 5.88% | 3.65% | 1.86% | 1.76% | 2.23% | 1.51% | 0.65% | 0.49% |
Frequently Asked Questions
STPZ and BOND have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOND has higher volatility (1.17%) compared to STPZ (0.46%). In terms of maximum drawdown, STPZ dropped -6.77% vs BOND's -19.71%.
On 10-year performance, STPZ leads with 2.82% vs 1.97% for BOND. On fees, STPZ is cheaper at 0.20% per year. On volatility, STPZ has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, STPZ has performed better with a 2.82% return vs 1.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STPZ is cheaper with a 0.20% expense ratio, compared with 0.54% for BOND.
STPZ and BOND have nearly identical dividend yields, around 5.27%.
STPZ is categorized as Inflation-Protected Bonds, while BOND is Intermediate Core-Plus Bond. Their fees differ too: 0.20% for STPZ and 0.54% for BOND.
STPZ currently has the higher Sharpe Ratio (1.40 vs 0.83), 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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