STPZ vs. VTP
STPZ (PIMCO 1-5 Year US TIPS Index ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds - STPZ tracks the ICE BofA US Inflation-Linked Treasury (1-5 Y) while VTP tracks the ICE U.S. Treasury Inflation Linked Bond Index. Both are passively managed. Over the past year, STPZ returned 3.25% vs 3.25% for VTP. A 0.77 correlation means they provide meaningful diversification when combined. STPZ charges 0.20%/yr vs 0.05%/yr for VTP.
Performance
STPZ vs. VTP - Performance Comparison
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Returns By Period
In the year-to-date period, STPZ achieves a 1.41% return, which is significantly higher than VTP's 0.82% return.
STPZ
- 1D
- -0.08%
- 1M
- -0.09%
- 6M
- 1.30%
- YTD
- 1.41%
- 1Y
- 3.25%
- 3Y*
- 4.96%
- 5Y*
- 2.72%
- 10Y*
- 2.79%
VTP
- 1D
- -0.20%
- 1M
- -0.57%
- 6M
- 0.58%
- YTD
- 0.82%
- 1Y
- 3.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
STPZ vs. VTP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STPZ PIMCO 1-5 Year US TIPS Index ETF | 1.41% | 2.04% |
VTP Vanguard Total Inflation-Protected Securities ETF | 0.82% | 2.46% |
Correlation
The correlation between STPZ and VTP is 0.77, 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.77 |
The correlation between STPZ and VTP has been stable across timeframes, ranging from 0.77 to 0.77 - a consistent structural relationship.
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Return for Risk
STPZ vs. VTP — Risk / Return Rank
STPZ
VTP
STPZ vs. VTP - 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 Vanguard Total Inflation-Protected Securities ETF (VTP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| STPZ | VTP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.17 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 1.70 | +1.80 |
| Martin ratioReturn relative to average drawdown | 9.95 | 4.86 | +5.09 |
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Drawdowns
STPZ vs. VTP - Drawdown Comparison
The maximum STPZ drawdown since its inception was -6.77%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for STPZ and VTP.
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Drawdown Indicators
| STPZ | VTP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.77% | -1.92% | -4.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -1.92% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -1.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -6.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -6.77% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | -1.01% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -0.53% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 0.67% | -0.34% |
Volatility
STPZ vs. VTP - Volatility Comparison
The current volatility for PIMCO 1-5 Year US TIPS Index ETF (STPZ) is 0.78%, while Vanguard Total Inflation-Protected Securities ETF (VTP) has a volatility of 1.24%. This indicates that STPZ experiences smaller price fluctuations and is considered to be less risky than VTP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STPZ | VTP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 1.24% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.40% | 2.47% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.95% | 3.36% | -1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 3.35% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.99% | 3.35% | -0.36% |
STPZ vs. VTP - Expense Ratio Comparison
STPZ has a 0.20% expense ratio, which is higher than VTP's 0.05% expense ratio. However, 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. VTP - Dividend Comparison
STPZ's dividend yield for the trailing twelve months is around 4.76%, more than VTP's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STPZ PIMCO 1-5 Year US TIPS Index ETF | 4.76% | 3.65% | 1.97% | 1.63% | 5.88% | 3.65% | 1.86% | 1.76% | 2.23% | 1.51% | 0.65% | 0.49% |
VTP Vanguard Total Inflation-Protected Securities ETF | 2.98% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
STPZ and VTP have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTP has higher volatility (1.24%) compared to STPZ (0.78%). In terms of maximum drawdown, STPZ dropped -6.77% vs VTP's -1.92%.
On 1-year performance, VTP leads with 3.25% vs 3.25% for STPZ. On fees, VTP is cheaper at 0.05% per year. On volatility, STPZ has been the lower-risk option at 0.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VTP has performed better with a 3.25% return vs 3.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTP is cheaper with a 0.05% expense ratio, compared with 0.20% for STPZ.
STPZ has the higher dividend yield at 4.76%, compared with 2.98% for VTP.
STPZ tracks ICE BofA US Inflation-Linked Treasury (1-5 Y), while VTP tracks ICE U.S. Treasury Inflation Linked Bond Index. They also come from different issuers: PIMCO and Vanguard. Their fees differ too: 0.20% for STPZ and 0.05% for VTP.
STPZ currently has the higher Sharpe Ratio (1.68 vs 0.97), 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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