STPZ vs. EMNT
STPZ (PIMCO 1-5 Year US TIPS Index ETF) and EMNT (PIMCO Enhanced Short Maturity Active ESG 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 EMNT is a Ultrashort Bond fund actively managed by PIMCO. STPZ is passively managed, while EMNT is actively managed. Over the past 5 years, STPZ returned 2.90%/yr vs 3.43%/yr for EMNT. At a 0.30 correlation, their price movements are largely independent. STPZ charges 0.20%/yr vs 0.24%/yr for EMNT.
Performance
STPZ vs. EMNT - Performance Comparison
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Returns By Period
In the year-to-date period, STPZ achieves a 1.79% return, which is significantly higher than EMNT's 1.64% return.
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%
EMNT
- 1D
- -0.02%
- 1M
- 0.39%
- YTD
- 1.64%
- 6M
- 1.97%
- 1Y
- 4.38%
- 3Y*
- 5.24%
- 5Y*
- 3.43%
- 10Y*
- —
STPZ vs. EMNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
STPZ PIMCO 1-5 Year US TIPS Index ETF | 1.79% | 6.40% | 4.30% | 4.28% | -4.49% | 5.64% | 5.44% | 0.46% |
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 1.64% | 4.74% | 5.79% | 5.84% | -0.57% | 0.11% | 2.08% | 0.09% |
Correlation
The correlation between STPZ and EMNT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2019 | 0.30 |
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Return for Risk
STPZ vs. EMNT — Risk / Return Rank
STPZ
EMNT
STPZ vs. EMNT - 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 Enhanced Short Maturity Active ESG ETF (EMNT). 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.
| STPZ | EMNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.14 | ||
| Sortino ratioReturn per unit of downside risk | -17.23 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 5.63 | -4.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 33.45 | -28.59 |
| Martin ratioReturn relative to average drawdown | 16.28 | 235.99 | -219.71 |
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
| STPZ | EMNT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 10.63 | -8.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 4.18 | -3.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 3.51 | -2.61 |
Drawdowns
STPZ vs. EMNT - Drawdown Comparison
The maximum STPZ drawdown since its inception was -6.77%, which is greater than EMNT's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for STPZ and EMNT.
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Drawdown Indicators
| STPZ | EMNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.77% | -2.28% | -4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -0.13% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -1.35% | -0.73% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -6.70% | -1.70% | -5.00% |
Max Drawdown (10Y)Largest decline over 10 years | -6.77% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.02% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -0.23% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.02% | +0.26% |
Volatility
STPZ vs. EMNT - Volatility Comparison
PIMCO 1-5 Year US TIPS Index ETF (STPZ) has a higher volatility of 0.46% compared to PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) at 0.14%. This indicates that STPZ's price experiences larger fluctuations and is considered to be riskier than EMNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STPZ | EMNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.14% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 0.34% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.83% | 0.41% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.29% | 0.83% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.98% | 0.86% | +2.12% |
STPZ vs. EMNT - Expense Ratio Comparison
STPZ has a 0.20% expense ratio, which is lower than EMNT's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
STPZ vs. EMNT - Dividend Comparison
STPZ's dividend yield for the trailing twelve months is around 4.10%, more than EMNT's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 4.00% | 4.46% | 5.14% | 4.62% | 2.79% | 0.66% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 EMNT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STPZ has higher volatility (0.46%) compared to EMNT (0.14%). In terms of maximum drawdown, STPZ dropped -6.77% vs EMNT's -2.28%.
On 5-year performance, EMNT leads with 3.43% vs 2.90% for STPZ. On fees, STPZ is cheaper at 0.20% per year. On volatility, EMNT has been the lower-risk option at 0.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EMNT has performed better with a 3.43% return vs 2.90%. 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 0.24% for EMNT.
STPZ has the higher dividend yield at 4.10%, compared with 4.00% for EMNT.
STPZ is categorized as Inflation-Protected Bonds, while EMNT is Ultrashort Bond. Their fees differ too: 0.20% for STPZ and 0.24% for EMNT.
EMNT currently has the higher Sharpe Ratio (10.63 vs 2.49), 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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