VTP vs. LTPZ
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
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Returns By Period
In the year-to-date period, VTP achieves a 1.10% return, which is significantly lower than LTPZ's 1.21% return.
VTP
- 1D
- 0.34%
- 1M
- 0.22%
- YTD
- 1.10%
- 6M
- 1.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LTPZ
- 1D
- 1.27%
- 1M
- 2.04%
- YTD
- 1.21%
- 6M
- 0.51%
- 1Y
- 3.60%
- 3Y*
- -1.20%
- 5Y*
- -5.38%
- 10Y*
- 0.74%
VTP vs. LTPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VTP Vanguard Total Inflation-Protected Securities ETF | 1.10% | 2.46% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | 1.21% | 3.07% |
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 9, 2025 | 0.86 |
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Return for Risk
VTP vs. LTPZ — Risk / Return Rank
VTP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LTPZ
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.
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.
| VTP | LTPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.07 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.52 | — |
| Martin ratioReturn relative to average drawdown | — | 1.08 | — |
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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.
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Drawdown Indicators
| VTP | LTPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | — | -15.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.99% | — |
Current DrawdownCurrent decline from peak | -0.75% | -32.21% | +31.46% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -12.47% | +11.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.35% | — |
Volatility
VTP vs. LTPZ - Volatility Comparison
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Volatility by Period
| VTP | LTPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.72% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 9.21% | -5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.35% | 15.87% | -12.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 15.07% | -11.72% |
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 1.62%, less than LTPZ's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTPZ PIMCO 15+ Year US TIPS Index ETF | 5.18% | 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 | 1.62% | 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
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.
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.
VTP is cheaper with a 0.05% expense ratio, compared with 0.20% for LTPZ.
LTPZ has the higher dividend yield at 5.18%, compared with 1.62% for VTP.
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.
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