TLDTX vs. PEP
TLDTX (T. Rowe Price U.S. Limited Duration TIPS Index Fund) is Inflation-Protected Bonds fund managed by T. Rowe Price, while PEP (PepsiCo, Inc.) is a stock. Over the past 5 years, TLDTX returned 1.81%/yr vs 2.63%/yr for PEP. At a 0.14 correlation, their price movements are largely independent.
Performance
TLDTX vs. PEP - Performance Comparison
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Returns By Period
In the year-to-date period, TLDTX achieves a 0.93% return, which is significantly lower than PEP's 1.07% return.
TLDTX
- 1D
- 0.00%
- 1M
- -0.21%
- YTD
- 0.93%
- 6M
- 1.18%
- 1Y
- 3.21%
- 3Y*
- 3.61%
- 5Y*
- 1.81%
- 10Y*
- —
PEP
- 1D
- 0.15%
- 1M
- -4.52%
- YTD
- 1.07%
- 6M
- 0.91%
- 1Y
- 12.86%
- 3Y*
- -5.31%
- 5Y*
- 2.63%
- 10Y*
- 6.60%
TLDTX vs. PEP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TLDTX T. Rowe Price U.S. Limited Duration TIPS Index Fund | 0.93% | 6.32% | 1.16% | 3.23% | -4.84% | 5.08% | 1.50% |
PEP PepsiCo, Inc. | 1.07% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 2.47% |
Correlation
The correlation between TLDTX and PEP is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2020 | 0.14 |
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Return for Risk
TLDTX vs. PEP — Risk / Return Rank
TLDTX
PEP
TLDTX vs. PEP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price U.S. Limited Duration TIPS Index Fund (TLDTX) and PepsiCo, Inc. (PEP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TLDTX | PEP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.12 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 0.79 | +0.19 |
| Martin ratioReturn relative to average drawdown | 1.87 | 1.90 | -0.03 |
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Drawdowns
TLDTX vs. PEP - Drawdown Comparison
The maximum TLDTX drawdown since its inception was -7.24%, smaller than the maximum PEP drawdown of -73.92%. Use the drawdown chart below to compare losses from any high point for TLDTX and PEP.
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Drawdown Indicators
| TLDTX | PEP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.24% | -73.92% | +66.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -16.25% | +12.97% |
Max Drawdown (3Y)Largest decline over 3 years | -4.50% | -29.17% | +24.67% |
Max Drawdown (5Y)Largest decline over 5 years | -7.24% | -30.32% | +23.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.32% | — |
Current DrawdownCurrent decline from peak | -2.03% | -18.89% | +16.86% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -13.65% | +11.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 6.80% | -5.08% |
Volatility
TLDTX vs. PEP - Volatility Comparison
The current volatility for T. Rowe Price U.S. Limited Duration TIPS Index Fund (TLDTX) is 0.87%, while PepsiCo, Inc. (PEP) has a volatility of 6.28%. This indicates that TLDTX experiences smaller price fluctuations and is considered to be less risky than PEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLDTX | PEP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 6.28% | -5.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 14.99% | -13.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.78% | 21.85% | -17.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.66% | 18.42% | -13.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.46% | 19.69% | -15.23% |
Dividends
TLDTX vs. PEP - Dividend Comparison
TLDTX's dividend yield for the trailing twelve months is around 4.51%, more than PEP's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEP PepsiCo, Inc. | 4.04% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
TLDTX T. Rowe Price U.S. Limited Duration TIPS Index Fund | 4.51% | 4.66% | 1.63% | 4.09% | 6.45% | 4.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TLDTX and PEP have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEP has higher volatility (6.28%) compared to TLDTX (0.87%). In terms of maximum drawdown, TLDTX dropped -7.24% vs PEP's -73.92%.
TLDTX currently has the higher Sharpe Ratio (0.67 vs 0.59), 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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