VB vs. LTPZ
VB (Vanguard Small-Cap ETF) and LTPZ (PIMCO 15+ Year US TIPS Index ETF) are both exchange-traded funds - VB is a Small Cap Blend Equities fund tracking the CRSP US Small Cap Index, while LTPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (15+ Y). Both are passively managed. Over the past 10 years, VB returned 11.61%/yr vs 0.75%/yr for LTPZ. At a correlation of -0.09, they often move in opposite directions. VB charges 0.05%/yr vs 0.20%/yr for LTPZ.
Performance
VB vs. LTPZ - Performance Comparison
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Returns By Period
In the year-to-date period, VB achieves a 15.33% return, which is significantly higher than LTPZ's 0.53% return. Over the past 10 years, VB has outperformed LTPZ with an annualized return of 11.61%, while LTPZ has yielded a comparatively lower 0.75% annualized return.
VB
- 1D
- 0.70%
- 1M
- 3.75%
- YTD
- 15.33%
- 6M
- 13.69%
- 1Y
- 28.72%
- 3Y*
- 16.14%
- 5Y*
- 6.98%
- 10Y*
- 11.61%
LTPZ
- 1D
- 0.11%
- 1M
- 1.26%
- YTD
- 0.53%
- 6M
- 0.57%
- 1Y
- 3.65%
- 3Y*
- -0.67%
- 5Y*
- -5.50%
- 10Y*
- 0.75%
VB vs. LTPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VB Vanguard Small-Cap ETF | 15.33% | 8.87% | 14.17% | 18.22% | -17.51% | 17.57% | 19.19% | 27.34% | -9.34% | 16.26% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | 0.53% | 4.00% | -4.80% | 0.96% | -31.71% | 7.02% | 24.89% | 17.47% | -7.22% | 9.07% |
Correlation
The correlation between VB and LTPZ is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2009 | -0.09 |
The correlation between VB and LTPZ shifts across timeframes, from -0.09 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VB vs. LTPZ — Risk / Return Rank
VB
LTPZ
VB vs. LTPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap ETF (VB) and PIMCO 15+ Year US TIPS Index ETF (LTPZ). 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.
| VB | LTPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.07 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 0.52 | +2.69 |
| Martin ratioReturn relative to average drawdown | 11.80 | 1.11 | +10.69 |
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Drawdowns
VB vs. LTPZ - Drawdown Comparison
The maximum VB drawdown since its inception was -59.56%, which is greater than LTPZ's maximum drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for VB and LTPZ.
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Drawdown Indicators
| VB | LTPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.56% | -40.99% | -18.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.98% | -7.00% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -25.36% | -16.27% | -9.09% |
Max Drawdown (5Y)Largest decline over 5 years | -28.15% | -40.99% | +12.84% |
Max Drawdown (10Y)Largest decline over 10 years | -42.05% | -40.99% | -1.06% |
Current DrawdownCurrent decline from peak | 0.00% | -32.66% | +32.66% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -12.44% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 3.28% | -0.84% |
Volatility
VB vs. LTPZ - Volatility Comparison
Vanguard Small-Cap ETF (VB) has a higher volatility of 5.41% compared to PIMCO 15+ Year US TIPS Index ETF (LTPZ) at 2.55%. This indicates that VB's price experiences larger fluctuations and is considered to be riskier than LTPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VB | LTPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 2.55% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.24% | 6.54% | +5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.68% | 9.19% | +7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 15.87% | +4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.44% | 15.07% | +6.37% |
VB vs. LTPZ - Expense Ratio Comparison
VB has a 0.05% expense ratio, which is lower than LTPZ's 0.20% 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
VB vs. LTPZ - Dividend Comparison
VB's dividend yield for the trailing twelve months is around 1.18%, less than LTPZ's 5.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 5.22% | 4.64% | 3.71% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.05% | 2.25% | 2.32% | 0.71% |
VB Vanguard Small-Cap ETF | 1.18% | 1.33% | 1.30% | 1.55% | 1.59% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.50% | 1.48% |
Frequently Asked Questions
VB and LTPZ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VB has higher volatility (5.41%) compared to LTPZ (2.55%). In terms of maximum drawdown, VB dropped -59.56% vs LTPZ's -40.99%.
On 10-year performance, VB leads with 11.61% vs 0.75% for LTPZ. On fees, VB is cheaper at 0.05% per year. On volatility, LTPZ has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VB has performed better with a 11.61% return vs 0.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VB is cheaper with a 0.05% expense ratio, compared with 0.20% for LTPZ.
LTPZ has the higher dividend yield at 5.22%, compared with 1.18% for VB.
VB is categorized as Small Cap Blend Equities, while LTPZ is Inflation-Protected Bonds. VB tracks CRSP US Small Cap Index, while LTPZ tracks ICE BofA US Inflation-Linked Treasury (15+ Y). They also come from different issuers: Vanguard and PIMCO. Their fees differ too: 0.05% for VB and 0.20% for LTPZ.
VB currently has the higher Sharpe Ratio (1.73 vs 0.40), 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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