WIP vs. LTPZ

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and PIMCO 15+ Year US TIPS Index ETF (LTPZ).

WIP and LTPZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WIP is a passively managed fund by State Street that tracks the performance of the FTSE International Inflation-Linked Securities Select (USD). It was launched on Mar 13, 2008. LTPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury (15+ Y). It was launched on Sep 3, 2009. Both WIP and LTPZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

WIP vs. LTPZ - Performance Comparison

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

WIP vs. LTPZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WIP SPDR FTSE International Government Inflation-Protected Bond ETF	1.01%	15.18%	-8.71%	8.84%	-15.54%	-4.15%	8.37%	8.62%	-5.97%	12.73%
LTPZ PIMCO 15+ Year US TIPS Index ETF	-1.39%	4.00%	-4.80%	0.96%	-31.71%	7.02%	24.89%	17.47%	-7.22%	9.07%

Returns By Period

In the year-to-date period, WIP achieves a 1.01% return, which is significantly higher than LTPZ's -1.39% return. Over the past 10 years, WIP has outperformed LTPZ with an annualized return of 1.28%, while LTPZ has yielded a comparatively lower 0.59% annualized return.

WIP

• 1D: 1.59%
• 1M: -3.65%
• YTD: 1.01%
• 6M: 3.15%
• 1Y: 11.57%
• 3Y*: 2.96%
• 5Y*: -0.36%
• 10Y*: 1.28%

LTPZ

• 1D: -0.10%
• 1M: -4.79%
• YTD: -1.39%
• 6M: -2.84%
• 1Y: -2.68%
• 3Y*: -2.37%
• 5Y*: -4.68%
• 10Y*: 0.59%

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

WIP vs. LTPZ - Expense Ratio Comparison

WIP has a 0.50% expense ratio, which is higher than LTPZ's 0.20% expense ratio.

WIP

SPDR FTSE International Government Inflation-Protected Bond ETF

LTPZ

PIMCO 15+ Year US TIPS Index ETF

Return for Risk

WIP vs. LTPZ — Risk / Return Rank

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

WIP

WIP Risk / Return Rank: 70
WIP Sharpe Ratio Rank: 71
WIP Sortino Ratio Rank: 68
WIP Omega Ratio Rank: 61
WIP Calmar Ratio Rank: 81
WIP Martin Ratio Rank: 68

LTPZ

LTPZ Risk / Return Rank: 8
LTPZ Sharpe Ratio Rank: 8
LTPZ Sortino Ratio Rank: 7
LTPZ Omega Ratio Rank: 7
LTPZ Calmar Ratio Rank: 9
LTPZ Martin Ratio Rank: 9

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.

WIP vs. LTPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) 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.

	WIP	LTPZ	Difference
Sharpe ratio Return per unit of total volatility	1.22	-0.24	+1.46
Sortino ratio Return per unit of downside risk	1.68	-0.24	+1.92
Omega ratio Gain probability vs. loss probability	1.22	0.97	+0.25
Calmar ratio Return relative to maximum drawdown	2.25	-0.21	+2.47
Martin ratio Return relative to average drawdown	6.69	-0.43	+7.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WIP vs. LTPZ - Sharpe Ratio Comparison

The current WIP Sharpe Ratio is 1.22, which is higher than the LTPZ Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of WIP and LTPZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WIP	LTPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	-0.24	+1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	-0.30	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.04	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.21	-0.10

Correlation

The correlation between WIP and LTPZ is 0.28, 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.

Dividends

WIP vs. LTPZ - Dividend Comparison

WIP's dividend yield for the trailing twelve months is around 5.41%, more than LTPZ's 4.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WIP SPDR FTSE International Government Inflation-Protected Bond ETF	5.41%	5.51%	6.06%	6.54%	11.15%	4.63%	1.59%	2.49%	4.05%	1.91%	1.27%	1.14%
LTPZ PIMCO 15+ Year US TIPS Index ETF	4.64%	4.64%	3.71%	3.71%	8.38%	3.56%	1.42%	1.74%	3.05%	2.25%	2.32%	0.71%

Drawdowns

WIP vs. LTPZ - Drawdown Comparison

The maximum WIP drawdown since its inception was -29.60%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for WIP and LTPZ.

Drawdown Indicators

	WIP	LTPZ	Difference
Max Drawdown Largest peak-to-trough decline	-29.60%	-40.99%	+11.39%
Max Drawdown (1Y) Largest decline over 1 year	-5.16%	-7.82%	+2.66%
Max Drawdown (5Y) Largest decline over 5 years	-28.84%	-40.99%	+12.15%
Max Drawdown (10Y) Largest decline over 10 years	-28.84%	-40.99%	+12.15%
Current Drawdown Current decline from peak	-6.90%	-33.95%	+27.05%
Average Drawdown Average peak-to-trough decline	-8.63%	-12.19%	+3.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	3.92%	-2.18%

Volatility

WIP vs. LTPZ - Volatility Comparison

SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) has a higher volatility of 4.29% compared to PIMCO 15+ Year US TIPS Index ETF (LTPZ) at 3.99%. This indicates that WIP'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.

Volatility by Period

	WIP	LTPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	3.99%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	6.01%	6.46%	-0.45%
Volatility (1Y) Calculated over the trailing 1-year period	9.49%	11.28%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.39%	15.92%	-4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.12%	15.10%	-4.98%