TIPZ vs. TDTT
Compare and contrast key facts about PIMCO Broad US TIPS Index ETF (TIPZ) and FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT).
TIPZ and TDTT 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. TDTT is a passively managed fund by Northern Trust that tracks the performance of the iBoxx 3-Year Target Duration TIPS. It was launched on Sep 19, 2011. Both TIPZ and TDTT 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 TDTT.
Correlation
The correlation between TIPZ and TDTT is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TIPZ vs. TDTT - Performance Comparison
Key characteristics
TIPZ:
1.38
TDTT:
2.98
TIPZ:
1.93
TDTT:
4.59
TIPZ:
1.25
TDTT:
1.63
TIPZ:
0.60
TDTT:
4.82
TIPZ:
3.97
TDTT:
13.10
TIPZ:
1.71%
TDTT:
0.60%
TIPZ:
4.95%
TDTT:
2.65%
TIPZ:
-15.41%
TDTT:
-6.97%
TIPZ:
-4.94%
TDTT:
-0.21%
Returns By Period
In the year-to-date period, TIPZ achieves a 3.74% return, which is significantly lower than TDTT's 4.00% return. Over the past 10 years, TIPZ has underperformed TDTT with an annualized return of 2.29%, while TDTT has yielded a comparatively higher 2.76% annualized return.
TIPZ
3.74%
0.38%
2.42%
6.92%
1.33%
2.29%
TDTT
4.00%
0.90%
3.89%
7.94%
3.73%
2.76%
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TIPZ vs. TDTT - Expense Ratio Comparison
TIPZ has a 0.20% expense ratio, which is higher than TDTT'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%.
Risk-Adjusted Performance
TIPZ vs. TDTT — Risk-Adjusted Performance Rank
TIPZ
TDTT
TIPZ vs. TDTT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Broad US TIPS Index ETF (TIPZ) and FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT). 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. TDTT - Dividend Comparison
TIPZ's dividend yield for the trailing twelve months is around 4.72%, more than TDTT's 4.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 4.72% | 4.44% | 5.21% | 7.14% | 4.83% | 1.47% | 1.65% | 2.41% | 1.70% | 1.06% | 0.56% | 1.09% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 4.38% | 4.01% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% | 0.00% | 0.85% |
Drawdowns
TIPZ vs. TDTT - Drawdown Comparison
The maximum TIPZ drawdown since its inception was -15.41%, which is greater than TDTT's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for TIPZ and TDTT. For additional features, visit the drawdowns tool.
Volatility
TIPZ vs. TDTT - Volatility Comparison
PIMCO Broad US TIPS Index ETF (TIPZ) has a higher volatility of 2.40% compared to FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) at 1.33%. This indicates that TIPZ's price experiences larger fluctuations and is considered to be riskier than TDTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.