STPZ vs. TIPZ
STPZ (PIMCO 1-5 Year US TIPS Index ETF) and TIPZ (PIMCO Broad US TIPS Index ETF) are both Inflation-Protected Bonds funds from PIMCO - STPZ tracks the ICE BofA US Inflation-Linked Treasury (1-5 Y) while TIPZ tracks the ICE BofA US Inflation-Linked Treasury. Both are passively managed. Over the past 10 years, STPZ returned 2.89%/yr vs 2.49%/yr for TIPZ. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
STPZ vs. TIPZ - Performance Comparison
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Returns By Period
In the year-to-date period, STPZ achieves a 1.79% return, which is significantly lower than TIPZ's 2.58% return. Over the past 10 years, STPZ has outperformed TIPZ with an annualized return of 2.89%, while TIPZ has yielded a comparatively lower 2.49% annualized 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%
TIPZ
- 1D
- -0.20%
- 1M
- -0.01%
- YTD
- 2.58%
- 6M
- 1.00%
- 1Y
- 5.12%
- 3Y*
- 3.86%
- 5Y*
- 0.77%
- 10Y*
- 2.49%
STPZ vs. TIPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TIPZ PIMCO Broad US TIPS Index ETF | 2.58% | 5.87% | 1.52% | 3.37% | -12.67% | 5.48% | 10.98% | 8.64% | -1.65% | 3.12% |
Correlation
The correlation between STPZ and TIPZ is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2009 | 0.72 |
The correlation between STPZ and TIPZ has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.
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Return for Risk
STPZ vs. TIPZ — Risk / Return Rank
STPZ
TIPZ
STPZ vs. TIPZ - 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 Broad US TIPS Index ETF (TIPZ). 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 | TIPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.24 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 2.36 | +2.50 |
| Martin ratioReturn relative to average drawdown | 16.28 | 7.37 | +8.91 |
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 | TIPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 1.31 | +1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.12 | +0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.43 | +0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.53 | +0.38 |
Drawdowns
STPZ vs. TIPZ - Drawdown Comparison
The maximum STPZ drawdown since its inception was -6.77%, smaller than the maximum TIPZ drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for STPZ and TIPZ.
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Drawdown Indicators
| STPZ | TIPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.77% | -15.77% | +9.00% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -2.18% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -1.35% | -4.74% | +3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -6.70% | -15.77% | +9.07% |
Max Drawdown (10Y)Largest decline over 10 years | -6.77% | -15.77% | +9.00% |
Current DrawdownCurrent decline from peak | -0.11% | -1.44% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -4.33% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.70% | -0.42% |
Volatility
STPZ vs. TIPZ - Volatility Comparison
The current volatility for PIMCO 1-5 Year US TIPS Index ETF (STPZ) is 0.46%, while PIMCO Broad US TIPS Index ETF (TIPZ) has a volatility of 0.96%. This indicates that STPZ experiences smaller price fluctuations and is considered to be less risky than TIPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STPZ | TIPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.96% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 2.88% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.83% | 3.92% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.29% | 6.37% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.98% | 5.84% | -2.86% |
STPZ vs. TIPZ - Expense Ratio Comparison
Both STPZ and TIPZ 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. TIPZ - Dividend Comparison
STPZ's dividend yield for the trailing twelve months is around 4.10%, less than TIPZ's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.11% | 4.74% | 4.44% | 4.69% | 7.14% | 4.41% | 1.47% | 1.65% | 2.23% | 1.70% | 1.06% | 0.56% |
Frequently Asked Questions
STPZ and TIPZ have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIPZ has higher volatility (0.96%) compared to STPZ (0.46%). In terms of maximum drawdown, STPZ dropped -6.77% vs TIPZ's -15.77%.
On 10-year performance, STPZ leads with 2.89% vs 2.49% for TIPZ. 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 2.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STPZ and TIPZ have the same expense ratio: 0.20% per year.
TIPZ has the higher dividend yield at 5.11%, compared with 4.10% for STPZ.
STPZ tracks ICE BofA US Inflation-Linked Treasury (1-5 Y), while TIPZ tracks ICE BofA US Inflation-Linked Treasury.
STPZ currently has the higher Sharpe Ratio (2.49 vs 1.31), 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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