TIPZ vs. BSV
Compare and contrast key facts about PIMCO Broad US TIPS Index ETF (TIPZ) and Vanguard Short-Term Bond ETF (BSV).
TIPZ and BSV 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. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. Both TIPZ and BSV 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: TIPZ or BSV.
Key characteristics
| TIPZ | BSV | |
|---|---|---|
| YTD Return | 2.04% | 3.07% |
| 1Y Return | 6.35% | 5.63% |
| 3Y Return (Ann) | -2.57% | 0.70% |
| 5Y Return (Ann) | 1.93% | 1.21% |
| 10Y Return (Ann) | 2.09% | 1.56% |
| Sharpe Ratio | 1.15 | 2.10 |
| Sortino Ratio | 1.70 | 3.22 |
| Omega Ratio | 1.20 | 1.40 |
| Calmar Ratio | 0.44 | 1.22 |
| Martin Ratio | 5.02 | 9.08 |
| Ulcer Index | 1.16% | 0.59% |
| Daily Std Dev | 5.08% | 2.56% |
| Max Drawdown | -15.41% | -8.54% |
| Current Drawdown | -7.91% | -1.53% |
Correlation
The correlation between TIPZ and BSV is 0.63, 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
TIPZ vs. BSV - Performance Comparison
In the year-to-date period, TIPZ achieves a 2.04% return, which is significantly lower than BSV's 3.07% return. Over the past 10 years, TIPZ has outperformed BSV with an annualized return of 2.09%, while BSV has yielded a comparatively lower 1.56% 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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TIPZ vs. BSV - Expense Ratio Comparison
TIPZ has a 0.20% expense ratio, which is higher than BSV's 0.04% 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%.
Risk-Adjusted Performance
TIPZ vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Broad US TIPS Index ETF (TIPZ) and Vanguard Short-Term Bond ETF (BSV). 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
TIPZ vs. BSV - Dividend Comparison
TIPZ's dividend yield for the trailing twelve months is around 4.89%, more than BSV's 3.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 4.89% | 5.21% | 7.14% | 4.83% | 1.47% | 1.65% | 2.41% | 1.70% | 1.06% | 0.56% | 1.09% | 0.73% |
BSV Vanguard Short-Term Bond ETF | 3.27% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.49% | 1.40% | 1.45% | 1.48% |
Drawdowns
TIPZ vs. BSV - Drawdown Comparison
The maximum TIPZ drawdown since its inception was -15.41%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for TIPZ and BSV. For additional features, visit the drawdowns tool.
Volatility
TIPZ vs. BSV - Volatility Comparison
PIMCO Broad US TIPS Index ETF (TIPZ) has a higher volatility of 1.32% compared to Vanguard Short-Term Bond ETF (BSV) at 0.57%. This indicates that TIPZ's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.