TIPZ vs. LQDI
TIPZ (PIMCO Broad US TIPS Index ETF) and LQDI (iShares Inflation Hedged Corporate Bond ETF) are both Inflation-Protected Bonds funds. TIPZ is passively managed, while LQDI is actively managed. Over the past 5 years, TIPZ returned 0.92%/yr vs 2.17%/yr for LQDI. A 0.65 correlation means they provide meaningful diversification when combined. TIPZ charges 0.20%/yr vs 0.18%/yr for LQDI.
Performance
TIPZ vs. LQDI - 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 LQDI's 2.13% 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%
LQDI
- 1D
- 0.05%
- 1M
- 0.65%
- YTD
- 2.13%
- 6M
- 2.24%
- 1Y
- 7.90%
- 3Y*
- 5.98%
- 5Y*
- 2.17%
- 10Y*
- —
TIPZ vs. LQDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 2.79% | 5.87% | 1.52% | 3.37% | -12.67% | 5.48% | 10.98% | 8.64% | -0.55% |
LQDI iShares Inflation Hedged Corporate Bond ETF | 2.13% | 8.84% | 1.48% | 8.85% | -15.33% | 7.53% | 11.82% | 15.83% | -2.07% |
Correlation
The correlation between TIPZ and LQDI is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 11, 2018 | 0.65 |
The correlation between TIPZ and LQDI shifts across timeframes, from 0.63 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIPZ vs. LQDI — Risk / Return Rank
TIPZ
LQDI
TIPZ vs. LQDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Broad US TIPS Index ETF (TIPZ) and iShares Inflation Hedged Corporate Bond ETF (LQDI). 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 | LQDI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 1.60 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.96 | 2.34 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.55 | -0.34 |
Martin ratioReturn relative to average drawdown | 6.91 | 7.76 | -0.85 |
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 | LQDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.60 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.27 | -0.12 |
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 | 0.41 | +0.12 |
Drawdowns
TIPZ vs. LQDI - Drawdown Comparison
The maximum TIPZ drawdown since its inception was -15.77%, smaller than the maximum LQDI drawdown of -28.99%. Use the drawdown chart below to compare losses from any high point for TIPZ and LQDI.
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Drawdown Indicators
| TIPZ | LQDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.77% | -28.99% | +13.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -2.88% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -4.74% | -6.27% | +1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -20.67% | +4.90% |
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% | -5.25% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.95% | -0.25% |
Volatility
TIPZ vs. LQDI - Volatility Comparison
The current volatility for PIMCO Broad US TIPS Index ETF (TIPZ) is 0.97%, while iShares Inflation Hedged Corporate Bond ETF (LQDI) has a volatility of 1.21%. This indicates that TIPZ experiences smaller price fluctuations and is considered to be less risky than LQDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPZ | LQDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.21% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 3.54% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 4.98% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 8.18% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 10.84% | -5.00% |
TIPZ vs. LQDI - Expense Ratio Comparison
TIPZ has a 0.20% expense ratio, which is higher than LQDI's 0.18% 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%.
Dividends
TIPZ vs. LQDI - Dividend Comparison
TIPZ's dividend yield for the trailing twelve months is around 5.10%, more than LQDI's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.56% | 4.46% | 4.65% | 3.98% | 3.27% | 2.42% | 2.34% | 3.26% | 2.53% | 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 LQDI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LQDI has higher volatility (1.21%) compared to TIPZ (0.97%). In terms of maximum drawdown, TIPZ dropped -15.77% vs LQDI's -28.99%.
On 5-year performance, LQDI leads with 2.17% vs 0.92% for TIPZ. On fees, LQDI is cheaper at 0.18% per year. On volatility, TIPZ has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, LQDI has performed better with a 2.17% return vs 0.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQDI is cheaper with a 0.18% expense ratio, compared with 0.20% for TIPZ.
TIPZ has the higher dividend yield at 5.10%, compared with 4.93% for LQDI.
They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.20% for TIPZ and 0.18% for LQDI.
LQDI currently has the higher Sharpe Ratio (1.60 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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