TIPZ vs. EMNT
TIPZ (PIMCO Broad US TIPS Index ETF) and EMNT (PIMCO Enhanced Short Maturity Active ESG ETF) are both exchange-traded funds - TIPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury, while EMNT is a Ultrashort Bond fund actively managed by PIMCO. TIPZ is passively managed, while EMNT is actively managed. Over the past 5 years, TIPZ returned 0.92%/yr vs 3.43%/yr for EMNT. At a 0.30 correlation, their price movements are largely independent. TIPZ charges 0.20%/yr vs 0.24%/yr for EMNT.
Performance
TIPZ vs. EMNT - Performance Comparison
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Returns By Period
In the year-to-date period, TIPZ achieves a 2.79% return, which is significantly higher than EMNT's 1.65% return.
TIPZ
- 1D
- 0.02%
- 1M
- -0.03%
- YTD
- 2.79%
- 6M
- 1.43%
- 1Y
- 5.19%
- 3Y*
- 3.93%
- 5Y*
- 0.92%
- 10Y*
- 2.51%
EMNT
- 1D
- 0.02%
- 1M
- 0.33%
- YTD
- 1.65%
- 6M
- 2.02%
- 1Y
- 4.38%
- 3Y*
- 5.25%
- 5Y*
- 3.43%
- 10Y*
- —
TIPZ vs. EMNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 2.79% | 5.87% | 1.52% | 3.37% | -12.67% | 5.48% | 10.98% | 0.52% |
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 1.65% | 4.74% | 5.79% | 5.84% | -0.57% | 0.11% | 2.08% | 0.09% |
Correlation
The correlation between TIPZ and EMNT is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2019 | 0.30 |
The correlation between TIPZ and EMNT shifts across timeframes, from 0.27 (3 years) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TIPZ vs. EMNT — Risk / Return Rank
TIPZ
EMNT
TIPZ vs. EMNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Broad US TIPS Index ETF (TIPZ) and PIMCO Enhanced Short Maturity Active ESG ETF (EMNT). 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 | EMNT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 10.65 | -9.32 |
Sortino ratioReturn per unit of downside risk | 1.96 | 21.23 | -19.26 |
Omega ratioGain probability vs. loss probability | 1.25 | 5.66 | -4.42 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 33.62 | -31.41 |
Martin ratioReturn relative to average drawdown | 6.91 | 237.85 | -230.93 |
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 | EMNT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 10.65 | -9.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 4.18 | -4.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 3.51 | -2.99 |
Drawdowns
TIPZ vs. EMNT - Drawdown Comparison
The maximum TIPZ drawdown since its inception was -15.77%, which is greater than EMNT's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for TIPZ and EMNT.
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Drawdown Indicators
| TIPZ | EMNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.77% | -2.28% | -13.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -0.13% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -4.74% | -0.73% | -4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -1.70% | -14.07% |
Max Drawdown (10Y)Largest decline over 10 years | -15.77% | — | — |
Current DrawdownCurrent decline from peak | -1.24% | 0.00% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -0.23% | -4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.02% | +0.68% |
Volatility
TIPZ vs. EMNT - Volatility Comparison
PIMCO Broad US TIPS Index ETF (TIPZ) has a higher volatility of 0.97% compared to PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) at 0.16%. This indicates that TIPZ's price experiences larger fluctuations and is considered to be riskier than EMNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPZ | EMNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.16% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 0.34% | +2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 0.41% | +3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 0.83% | +5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 0.86% | +4.98% |
TIPZ vs. EMNT - Expense Ratio Comparison
TIPZ has a 0.20% expense ratio, which is lower than EMNT's 0.24% 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%.
Dividends
TIPZ vs. EMNT - Dividend Comparison
TIPZ's dividend yield for the trailing twelve months is around 5.10%, more than EMNT's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 4.00% | 4.46% | 5.14% | 4.62% | 2.79% | 0.66% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.10% | 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 EMNT have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIPZ has higher volatility (0.97%) compared to EMNT (0.16%). In terms of maximum drawdown, TIPZ dropped -15.77% vs EMNT's -2.28%.
On 5-year performance, EMNT leads with 3.43% vs 0.92% for TIPZ. On fees, TIPZ is cheaper at 0.20% per year. On volatility, EMNT has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EMNT has performed better with a 3.43% return vs 0.92%. 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 0.24% for EMNT.
TIPZ has the higher dividend yield at 5.10%, compared with 4.00% for EMNT.
TIPZ is categorized as Inflation-Protected Bonds, while EMNT is Ultrashort Bond. Their fees differ too: 0.20% for TIPZ and 0.24% for EMNT.
EMNT currently has the higher Sharpe Ratio (10.65 vs 1.33), 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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