VTP vs. LTPZ

Last updated Jun 4, 2026

VTP (Vanguard Total Inflation-Protected Securities ETF) and LTPZ (PIMCO 15+ Year US TIPS Index ETF) are both Inflation-Protected Bonds funds - VTP tracks the ICE U.S. Treasury Inflation Linked Bond Index 0-5 while LTPZ tracks the ICE BofA US Inflation-Linked Treasury (15+ Y). Both are passively managed. Their correlation of 0.86 suggests significant overlap in exposure. VTP charges 0.05%/yr vs 0.20%/yr for LTPZ.

Performance

VTP vs. LTPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Inflation-Protected Securities ETF (VTP) and PIMCO 15+ Year US TIPS Index ETF (LTPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTP achieves a 1.55% return, which is significantly higher than LTPZ's 0.41% return.

VTP

• 1D: -0.16%
• 1M: -0.08%
• YTD: 1.55%
• 6M: 1.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LTPZ

• 1D: -0.49%
• 1M: 1.02%
• YTD: 0.41%
• 6M: -1.15%
• 1Y: 4.72%
• 3Y*: -0.79%
• 5Y*: -5.24%
• 10Y*: 0.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VTP vs. LTPZ - Yearly Performance Comparison

	2026 (YTD)	2025
VTP Vanguard Total Inflation-Protected Securities ETF	1.55%	2.27%
LTPZ PIMCO 15+ Year US TIPS Index ETF	0.41%	2.13%

Correlation

The correlation between VTP and LTPZ is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.86

Return for Risk

VTP vs. LTPZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LTPZ

LTPZ Risk / Return Rank: 16
LTPZ Sharpe Ratio Rank: 16
LTPZ Sortino Ratio Rank: 15
LTPZ Omega Ratio Rank: 15
LTPZ Calmar Ratio Rank: 17
LTPZ Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VTP vs. LTPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VTP	LTPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.51	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.33	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.21	+1.10

Drawdowns

VTP vs. LTPZ - Drawdown Comparison

The maximum VTP drawdown since its inception was -1.92%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for VTP and LTPZ.

Drawdown Indicators

	VTP	LTPZ	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-40.99%	+39.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.99%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.99%	—
Current Drawdown Current decline from peak	-0.30%	-32.74%	+32.44%
Average Drawdown Average peak-to-trough decline	-0.52%	-12.41%	+11.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.20%	—

Volatility

Volatility by Period

	VTP	LTPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.26%	9.26%	-6.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.26%	15.89%	-12.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.26%	15.07%	-11.81%

VTP vs. LTPZ - Expense Ratio Comparison

VTP 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

VTP vs. LTPZ - Dividend Comparison

VTP's dividend yield for the trailing twelve months is around 1.61%, less than LTPZ's 5.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LTPZ PIMCO 15+ Year US TIPS Index ETF	5.23%	4.64%	3.71%	3.71%	8.38%	3.56%	1.42%	1.74%	3.05%	2.25%	2.32%	0.71%
VTP Vanguard Total Inflation-Protected Securities ETF	1.61%	1.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VTP and LTPZ in my portfolio?

VTP and LTPZ have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VTP or LTPZ?

On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VTP or LTPZ?

VTP is cheaper with a 0.05% expense ratio, compared with 0.20% for LTPZ.

Which ETF pays a higher dividend yield, VTP or LTPZ?

LTPZ has the higher dividend yield at 5.23%, compared with 1.61% for VTP.

What is the main difference between VTP and LTPZ?

VTP tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5, 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 VTP and 0.20% for LTPZ.