TIPZ vs. BOND
Compare and contrast key facts about PIMCO Broad US TIPS Index ETF (TIPZ) and PIMCO Active Bond ETF (BOND).
TIPZ and BOND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury. It was launched on Sep 3, 2009. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Performance
TIPZ vs. BOND - Performance Comparison
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TIPZ vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 1.47% | 5.87% | 1.52% | 3.37% | -12.67% | 5.48% | 10.98% | 8.64% | -1.65% | 3.12% |
BOND PIMCO Active Bond ETF | -0.02% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
Returns By Period
In the year-to-date period, TIPZ achieves a 1.47% return, which is significantly higher than BOND's -0.02% return. Over the past 10 years, TIPZ has outperformed BOND with an annualized return of 2.40%, while BOND has yielded a comparatively lower 2.24% annualized return.
TIPZ
- 1D
- 0.08%
- 1M
- -1.41%
- YTD
- 1.47%
- 6M
- 0.35%
- 1Y
- 2.98%
- 3Y*
- 2.97%
- 5Y*
- 1.07%
- 10Y*
- 2.40%
BOND
- 1D
- 0.25%
- 1M
- -2.06%
- YTD
- -0.02%
- 6M
- 1.43%
- 1Y
- 5.07%
- 3Y*
- 4.76%
- 5Y*
- 0.62%
- 10Y*
- 2.24%
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TIPZ vs. BOND - Expense Ratio Comparison
TIPZ has a 0.20% expense ratio, which is lower than BOND's 0.54% expense ratio.
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.
| TIPZ | BOND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 1.08 | -0.43 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.51 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.20 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.58 | -0.39 |
Martin ratioReturn relative to average drawdown | 3.44 | 4.65 | -1.21 |
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
| TIPZ | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.08 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.11 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.44 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.63 | -0.11 |
Correlation
The correlation between TIPZ and BOND is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TIPZ vs. BOND - Dividend Comparison
TIPZ's dividend yield for the trailing twelve months is around 4.44%, less than BOND's 5.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 3.65% | 4.74% | 4.44% | 4.69% | 7.14% | 4.41% | 1.47% | 1.65% | 2.23% | 1.70% | 1.06% | 0.56% |
BOND PIMCO Active Bond ETF | 4.77% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
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 | -2.86% | -3.29% | +0.43% |
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 | -2.51% | -2.06% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -3.53% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.12% | -0.13% |
Volatility
TIPZ vs. BOND - Volatility Comparison
The current volatility for PIMCO Broad US TIPS Index ETF (TIPZ) is 1.45%, while PIMCO Active Bond ETF (BOND) has a volatility of 1.82%. 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 | 1.45% | 1.82% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.70% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 4.72% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 5.73% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 5.07% | +0.79% |