STPZ vs. SMMU
Compare and contrast key facts about PIMCO 1-5 Year US TIPS Index ETF (STPZ) and PIMCO Short Term Municipal Bond Active ETF (SMMU).
STPZ and SMMU 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. SMMU is an actively managed fund by PIMCO. It was launched on Feb 1, 2010.
Performance
STPZ vs. SMMU - Performance Comparison
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STPZ vs. SMMU - 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% |
SMMU PIMCO Short Term Municipal Bond Active ETF | 0.49% | 4.06% | 2.68% | 4.39% | -2.45% | 0.17% | 2.87% | 3.47% | 1.51% | 2.34% |
Returns By Period
In the year-to-date period, STPZ achieves a 0.83% return, which is significantly higher than SMMU's 0.49% return. Over the past 10 years, STPZ has outperformed SMMU with an annualized return of 2.82%, while SMMU has yielded a comparatively lower 1.80% 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%
SMMU
- 1D
- 0.08%
- 1M
- -0.63%
- YTD
- 0.49%
- 6M
- 1.19%
- 1Y
- 3.72%
- 3Y*
- 3.41%
- 5Y*
- 1.85%
- 10Y*
- 1.80%
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STPZ vs. SMMU - Expense Ratio Comparison
STPZ has a 0.20% expense ratio, which is lower than SMMU's 0.35% expense ratio.
Return for Risk
STPZ vs. SMMU — Risk / Return Rank
STPZ
SMMU
STPZ vs. SMMU - 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 Short Term Municipal Bond Active ETF (SMMU). 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 | SMMU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 2.10 | -0.49 |
Sortino ratioReturn per unit of downside risk | 2.30 | 2.53 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.59 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.03 | +0.88 |
Martin ratioReturn relative to average drawdown | 8.71 | 10.49 | -1.78 |
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 | SMMU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 2.10 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 1.11 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.66 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.59 | +0.29 |
Correlation
The correlation between STPZ and SMMU is 0.22, 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. SMMU - Dividend Comparison
STPZ's dividend yield for the trailing twelve months is around 3.59%, more than SMMU's 2.79% 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% |
SMMU PIMCO Short Term Municipal Bond Active ETF | 2.79% | 2.80% | 3.03% | 2.79% | 1.37% | 0.60% | 1.19% | 1.82% | 1.57% | 1.41% | 1.03% | 0.89% |
Drawdowns
STPZ vs. SMMU - Drawdown Comparison
The maximum STPZ drawdown since its inception was -6.77%, which is greater than SMMU's maximum drawdown of -5.09%. Use the drawdown chart below to compare losses from any high point for STPZ and SMMU.
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Drawdown Indicators
| STPZ | SMMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.77% | -5.09% | -1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -1.95% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -6.70% | -4.76% | -1.94% |
Max Drawdown (10Y)Largest decline over 10 years | -6.77% | -5.09% | -1.68% |
Current DrawdownCurrent decline from peak | -0.37% | -0.63% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -0.55% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.38% | +0.07% |
Volatility
STPZ vs. SMMU - Volatility Comparison
PIMCO 1-5 Year US TIPS Index ETF (STPZ) has a higher volatility of 0.72% compared to PIMCO Short Term Municipal Bond Active ETF (SMMU) at 0.53%. This indicates that STPZ's price experiences larger fluctuations and is considered to be riskier than SMMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STPZ | SMMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 0.53% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 0.74% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.38% | 1.79% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 1.67% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.98% | 2.75% | +0.23% |