STPZ vs. MUNI
Compare and contrast key facts about PIMCO 1-5 Year US TIPS Index ETF (STPZ) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
STPZ and MUNI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. STPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury (1-5 Y). It was launched on Aug 20, 2009. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Performance
STPZ vs. MUNI - Performance Comparison
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STPZ vs. MUNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STPZ PIMCO 1-5 Year US TIPS Index ETF | 0.83% | 6.40% | 4.30% | 4.28% | -4.49% | 5.64% | 5.44% | 4.83% | 0.04% | 0.51% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 0.11% | 4.72% | 1.43% | 6.07% | -6.62% | 0.67% | 4.83% | 7.09% | 0.84% | 4.86% |
Returns By Period
In the year-to-date period, STPZ achieves a 0.83% return, which is significantly higher than MUNI's 0.11% return. Over the past 10 years, STPZ has outperformed MUNI with an annualized return of 2.82%, while MUNI has yielded a comparatively lower 2.17% annualized return.
STPZ
- 1D
- 0.07%
- 1M
- -0.12%
- YTD
- 0.83%
- 6M
- 1.08%
- 1Y
- 3.83%
- 3Y*
- 4.47%
- 5Y*
- 3.05%
- 10Y*
- 2.82%
MUNI
- 1D
- 0.16%
- 1M
- -1.90%
- YTD
- 0.11%
- 6M
- 1.47%
- 1Y
- 4.63%
- 3Y*
- 3.33%
- 5Y*
- 1.30%
- 10Y*
- 2.17%
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STPZ vs. MUNI - Expense Ratio Comparison
STPZ has a 0.20% expense ratio, which is lower than MUNI's 0.35% expense ratio.
Return for Risk
STPZ vs. MUNI — Risk / Return Rank
STPZ
MUNI
STPZ vs. MUNI - 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 Intermediate Municipal Bond Active ETF (MUNI). 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 | MUNI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 1.21 | +0.41 |
Sortino ratioReturn per unit of downside risk | 2.30 | 1.62 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.92 | 1.65 | +1.27 |
Martin ratioReturn relative to average drawdown | 8.71 | 5.54 | +3.17 |
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 | MUNI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.21 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.40 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.56 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.77 | +0.12 |
Correlation
The correlation between STPZ and MUNI is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
STPZ vs. MUNI - Dividend Comparison
STPZ's dividend yield for the trailing twelve months is around 3.59%, more than MUNI's 3.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STPZ PIMCO 1-5 Year US TIPS Index ETF | 3.59% | 3.65% | 1.97% | 1.63% | 5.88% | 3.65% | 1.86% | 1.76% | 2.23% | 1.51% | 0.65% | 0.49% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.28% | 3.26% | 3.50% | 3.09% | 2.13% | 1.62% | 1.92% | 2.44% | 2.38% | 2.37% | 2.37% | 2.20% |
Drawdowns
STPZ vs. MUNI - Drawdown Comparison
The maximum STPZ drawdown since its inception was -6.77%, smaller than the maximum MUNI drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for STPZ and MUNI.
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Drawdown Indicators
| STPZ | MUNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.77% | -11.15% | +4.38% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -2.93% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -6.70% | -11.15% | +4.45% |
Max Drawdown (10Y)Largest decline over 10 years | -6.77% | -11.15% | +4.38% |
Current DrawdownCurrent decline from peak | -0.37% | -1.90% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -1.74% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.87% | -0.42% |
Volatility
STPZ vs. MUNI - Volatility Comparison
The current volatility for PIMCO 1-5 Year US TIPS Index ETF (STPZ) is 0.72%, while PIMCO Intermediate Municipal Bond Active ETF (MUNI) has a volatility of 1.10%. This indicates that STPZ experiences smaller price fluctuations and is considered to be less risky than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STPZ | MUNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 1.10% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 1.51% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.38% | 3.86% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 3.30% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.98% | 3.85% | -0.87% |