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STPZ vs. CORP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

STPZ vs. CORP

Last updated Jun 4, 2026

STPZ (PIMCO 1-5 Year US TIPS Index ETF) and CORP (PIMCO Investment Grade Corporate Bond Index 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 CORP is a Corporate Bonds fund tracking the ICE BofA US Corporate. Both are passively managed. Over the past 10 years, STPZ returned 2.89%/yr vs 2.79%/yr for CORP. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

STPZ vs. CORP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO 1-5 Year US TIPS Index ETF (STPZ) and PIMCO Investment Grade Corporate Bond Index ETF (CORP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, STPZ achieves a 1.79% return, which is significantly higher than CORP's 0.57% return. Both investments have delivered pretty close results over the past 10 years, with STPZ having a 2.89% annualized return and CORP not far behind at 2.79%.

STPZ

1D
-0.00%
1M
-0.09%
YTD
1.79%
6M
1.77%
1Y
4.51%
3Y*
5.03%
5Y*
2.90%
10Y*
2.89%

CORP

1D
-0.21%
1M
0.55%
YTD
0.57%
6M
0.40%
1Y
6.11%
3Y*
5.48%
5Y*
0.92%
10Y*
2.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

STPZ vs. CORP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
STPZ
PIMCO 1-5 Year US TIPS Index ETF		1.79%6.40%4.30%4.28%-4.49%5.64%5.44%4.83%0.04%0.51%
CORP
PIMCO Investment Grade Corporate Bond Index ETF		0.57%7.96%2.47%9.13%-14.96%-1.18%9.70%14.80%-3.29%6.56%

Correlation

The correlation between STPZ and CORP is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (10Y)
Calculated over the trailing 10-year period

0.50

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.47

The correlation between STPZ and CORP shifts across timeframes, from 0.47 (all time) to 0.63 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PIMCO 1-5 Year US TIPS Index ETF

PIMCO Investment Grade Corporate Bond Index ETF

Often compared with STPZ:
STPZ vs. STIPSTPZ vs. JPSTSTPZ vs. SPIRSTPZ vs. VTIPSTPZ vs. GTIPSTPZ vs. TIPSTPZ vs. FTBFX
Often compared with CORP:
CORP vs. LQDCORP vs. ZROZCORP vs. BNDCORP vs. SKORCORP vs. AGGCORP vs. VCLTCORP vs. EUNU.DE

Return for Risk

STPZ vs. CORP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
STPZ
STPZ Risk / Return Rank: 8282
Overall Rank
STPZ Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
STPZ Sortino Ratio Rank: 8686
Sortino Ratio Rank
STPZ Omega Ratio Rank: 8080
Omega Ratio Rank
STPZ Calmar Ratio Rank: 8686
Calmar Ratio Rank
STPZ Martin Ratio Rank: 8181
Martin Ratio Rank
CORP
CORP Risk / Return Rank: 4242
Overall Rank
CORP Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
CORP Sortino Ratio Rank: 4343
Sortino Ratio Rank
CORP Omega Ratio Rank: 3939
Omega Ratio Rank
CORP Calmar Ratio Rank: 4343
Calmar Ratio Rank
CORP Martin Ratio Rank: 4343
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STPZ vs. CORP - 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 Investment Grade Corporate Bond Index ETF (CORP). 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.

STPZCORPDifference
Sharpe ratioReturn per unit of total volatility
2.49
1.47

+1.02

Sortino ratioReturn per unit of downside risk
3.94
2.17

+1.77

Omega ratioGain probability vs. loss probability

1.49

1.26

+0.23

Calmar ratioReturn relative to maximum drawdown

4.87

2.13

+2.73

Martin ratioReturn relative to average drawdown

16.28

6.90

+9.39

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STPZ vs. CORP - Sharpe Ratio Comparison

The current STPZ Sharpe Ratio is 2.49, which is higher than the CORP Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of STPZ and CORP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

STPZCORPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.49

1.47

+1.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

0.13

+0.75

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.97

0.40

+0.58

Sharpe Ratio (All Time)

Calculated using the full available price history

0.90

0.56

+0.34

Drawdowns

STPZ vs. CORP - Drawdown Comparison

The maximum STPZ drawdown since its inception was -6.77%, smaller than the maximum CORP drawdown of -21.21%. Use the drawdown chart below to compare losses from any high point for STPZ and CORP.

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Drawdown Indicators

STPZCORPDifference

Max Drawdown

Largest peak-to-trough decline

-6.77%

-21.21%

+14.44%

Max Drawdown (1Y)

Largest decline over 1 year

-0.93%

-2.88%

+1.95%

Max Drawdown (3Y)

Largest decline over 3 years

-1.35%

-6.06%

+4.71%

Max Drawdown (5Y)

Largest decline over 5 years

-6.70%

-21.21%

+14.51%

Max Drawdown (10Y)

Largest decline over 10 years

-6.77%

-21.21%

+14.44%

Current Drawdown

Current decline from peak

-0.11%

-1.06%

+0.95%

Average Drawdown

Average peak-to-trough decline

-1.31%

-3.61%

+2.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.28%

0.89%

-0.61%

Volatility

STPZ vs. CORP - Volatility Comparison

The current volatility for PIMCO 1-5 Year US TIPS Index ETF (STPZ) is 0.46%, while PIMCO Investment Grade Corporate Bond Index ETF (CORP) has a volatility of 1.33%. This indicates that STPZ experiences smaller price fluctuations and is considered to be less risky than CORP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

STPZCORPDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.46%

1.33%

-0.87%

Volatility (6M)

Calculated over the trailing 6-month period

1.20%

2.99%

-1.79%

Volatility (1Y)

Calculated over the trailing 1-year period

1.83%

4.18%

-2.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.29%

6.89%

-3.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.98%

7.08%

-4.10%

STPZ vs. CORP - Expense Ratio Comparison

Both STPZ and CORP have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

STPZ vs. CORP - Dividend Comparison

STPZ's dividend yield for the trailing twelve months is around 4.10%, less than CORP's 4.85% yield.

PositionTTM20252024202320222021202020192018201720162015
CORP
PIMCO Investment Grade Corporate Bond Index ETF		4.85%4.77%4.74%4.12%3.28%2.51%2.90%3.25%3.18%3.08%2.91%3.14%
STPZ
PIMCO 1-5 Year US TIPS Index ETF		4.10%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 CORP have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CORP has higher volatility (1.33%) compared to STPZ (0.46%). In terms of maximum drawdown, STPZ dropped -6.77% vs CORP's -21.21%.

On 10-year performance, STPZ leads with 2.89% vs 2.79% for CORP. Both ETFs have the same 0.20% expense ratio. 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 2.89% return vs 2.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

STPZ and CORP have the same expense ratio: 0.20% per year.

CORP has the higher dividend yield at 4.85%, compared with 4.10% for STPZ.

STPZ is categorized as Inflation-Protected Bonds, while CORP is Corporate Bonds. STPZ tracks ICE BofA US Inflation-Linked Treasury (1-5 Y), while CORP tracks ICE BofA US Corporate.

STPZ currently has the higher Sharpe Ratio (2.49 vs 1.47), 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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