TIPZ vs. BOND
TIPZ (PIMCO Broad US TIPS Index ETF) and BOND (PIMCO Active Bond ETF) are both exchange-traded funds - TIPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury, while BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO. TIPZ is passively managed, while BOND is actively managed. Over the past 10 years, TIPZ returned 2.25%/yr vs 1.96%/yr for BOND. Their 0.71 correlation means they have sometimes moved together and sometimes differently. TIPZ charges 0.20%/yr vs 0.54%/yr for BOND.
Performance
TIPZ vs. BOND - Performance Comparison
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Returns By Period
In the year-to-date period, TIPZ achieves a 1.38% return, which is significantly higher than BOND's -0.31% return. Over the past 10 years, TIPZ has outperformed BOND with an annualized return of 2.25%, while BOND has yielded a comparatively lower 1.96% annualized return.
TIPZ
- 1D
- -0.21%
- 1M
- -0.88%
- 6M
- -0.24%
- YTD
- 1.38%
- 1Y
- 1.62%
- 3Y*
- 3.64%
- 5Y*
- -0.12%
- 10Y*
- 2.25%
- ALL TIME*
- 2.96%
BOND
- 1D
- -0.33%
- 1M
- -1.43%
- 6M
- -0.84%
- YTD
- -0.31%
- 1Y
- 3.01%
- 3Y*
- 4.85%
- 5Y*
- 0.00%
- 10Y*
- 1.96%
- ALL TIME*
- 2.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $46.87M | $49.77M | $50.25M | |
| $310.43K | $449.34K | $924.41K |
TIPZ vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 1.38% | 5.87% | 1.52% | 3.37% | -12.67% | 5.48% | 10.98% | 8.64% | -1.65% | 3.12% |
BOND PIMCO Active Bond ETF | -0.31% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
Correlation
The correlation between TIPZ and BOND is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2012 | 0.71 |
The correlation between TIPZ and BOND shifts across timeframes, from 0.71 (all time) to 0.86 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIPZ vs. BOND — Risk / Return Rank
TIPZ
BOND
TIPZ vs. BOND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Broad US TIPS Index ETF (TIPZ) and PIMCO Active Bond ETF (BOND). 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.
| TIPZ | BOND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.17 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.28 | -0.22 |
| Martin ratioReturn relative to average drawdown | 2.97 | 3.47 | -0.50 |
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Drawdowns
TIPZ vs. BOND - Drawdown Comparison
The maximum TIPZ drawdown since its inception was -15.77%, smaller than the maximum BOND drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for TIPZ and BOND.
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Drawdown Indicators
| TIPZ | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.77% | -19.71% | +3.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -3.01% | +0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -5.21% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -19.71% | +3.94% |
Max Drawdown (10Y)Largest decline over 10 years | -15.77% | -19.71% | +3.94% |
Current DrawdownCurrent decline from peak | -2.60% | -2.34% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -4.31% | -3.48% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.11% | -0.33% |
Volatility
TIPZ vs. BOND - Volatility Comparison
The current volatility for PIMCO Broad US TIPS Index ETF (TIPZ) is 0.74%, while PIMCO Active Bond ETF (BOND) has a volatility of 1.15%. This indicates that TIPZ experiences smaller price fluctuations and is considered to be less risky than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPZ | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.15% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 3.22% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 4.01% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 5.80% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 5.10% | +0.73% |
TIPZ vs. BOND - Expense Ratio Comparison
TIPZ has a 0.20% expense ratio, which is lower than BOND's 0.54% expense ratio.
Dividends
TIPZ vs. BOND - Dividend Comparison
TIPZ's dividend yield for the trailing twelve months is around 5.83%, more than BOND's 5.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 4.81% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.48% | 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
TIPZ and BOND have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOND has higher volatility (1.15%) compared to TIPZ (0.74%). In terms of maximum drawdown, TIPZ dropped -15.77% vs BOND's -19.71%.
On 10-year performance, TIPZ leads with 2.25% vs 1.96% for BOND. On fees, TIPZ is cheaper at 0.20% per year. On volatility, TIPZ has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TIPZ has performed better with a 2.25% return vs 1.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIPZ is cheaper with a 0.20% expense ratio, compared with 0.54% for BOND.
TIPZ has the higher dividend yield at 5.48%, compared with 4.81% for BOND.
TIPZ is categorized as Inflation-Protected Bonds, while BOND is Intermediate Core-Plus Bond. Their fees differ too: 0.20% for TIPZ and 0.54% for BOND.
BOND currently has the higher Sharpe Ratio (0.96 vs 0.60), 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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