TIPX vs. LTPZ
Compare and contrast key facts about SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) and PIMCO 15+ Year US TIPS Index ETF (LTPZ).
TIPX and LTPZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIPX is a passively managed fund by State Street that tracks the performance of the Bloomberg US Govt Inflation-Linked (1-10 Y). It was launched on May 29, 2013. LTPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury (15+ Y). It was launched on Sep 3, 2009. Both TIPX and LTPZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIPX or LTPZ.
Key characteristics
| TIPX | LTPZ | |
|---|---|---|
| YTD Return | 3.72% | 0.90% |
| 1Y Return | 7.06% | 9.75% |
| 3Y Return (Ann) | -0.08% | -11.98% |
| 5Y Return (Ann) | 2.94% | -1.20% |
| 10Y Return (Ann) | 2.37% | 1.32% |
| Sharpe Ratio | 1.78 | 0.53 |
| Sortino Ratio | 2.74 | 0.83 |
| Omega Ratio | 1.34 | 1.10 |
| Calmar Ratio | 0.87 | 0.19 |
| Martin Ratio | 10.33 | 1.74 |
| Ulcer Index | 0.63% | 4.10% |
| Daily Std Dev | 3.66% | 13.56% |
| Max Drawdown | -10.06% | -40.99% |
| Current Drawdown | -1.29% | -31.73% |
Correlation
The correlation between TIPX and LTPZ is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TIPX vs. LTPZ - Performance Comparison
In the year-to-date period, TIPX achieves a 3.72% return, which is significantly higher than LTPZ's 0.90% return. Over the past 10 years, TIPX has outperformed LTPZ with an annualized return of 2.37%, while LTPZ has yielded a comparatively lower 1.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TIPX vs. LTPZ - Expense Ratio Comparison
TIPX has a 0.15% expense ratio, which is lower than LTPZ's 0.20% 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%.
Risk-Adjusted Performance
TIPX vs. LTPZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) and PIMCO 15+ Year US TIPS Index ETF (LTPZ). 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.
Dividends
TIPX vs. LTPZ - Dividend Comparison
TIPX's dividend yield for the trailing twelve months is around 3.29%, less than LTPZ's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 3.29% | 3.57% | 6.07% | 4.26% | 1.73% | 2.53% | 1.90% | 2.85% | 1.04% | 0.06% | 1.52% | 0.25% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | 3.37% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.80% | 2.25% | 2.32% | 0.71% | 1.77% | 1.28% |
Drawdowns
TIPX vs. LTPZ - Drawdown Comparison
The maximum TIPX drawdown since its inception was -10.06%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for TIPX and LTPZ. For additional features, visit the drawdowns tool.
Volatility
TIPX vs. LTPZ - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) is 0.72%, while PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a volatility of 4.09%. This indicates that TIPX experiences smaller price fluctuations and is considered to be less risky than LTPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.