LTPZ — PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

LTPZ Price Performance — Growth of $10,000

Value of a $10,000 investment in LTPZ over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

LTPZ Drawdown

The "underwater" chart: LTPZ's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund is a $849 million vehicle issued by PIMCO that tracks long-term inflation-protected securities. It holds the lowest position in its category, ranking 6 of 6 among 6 similar funds, and sits at #411 of 458 across all ETFValuer categories. The fund carries a D grade with a score of 44.5/100, reflecting a cost structure where the 0.2% expense ratio exceeds the category median of 0.105%. Despite the higher cost, the fund offers a dividend yield of 6.97%, which is notably above the category median of 5.21%. Concentration is moderate, with the top 10 holdings accounting for 77.9% of assets, led by a 10.7% position in United States Treasury securities.

The fund’s price of $47.89 places it at the very bottom of its 52-week range, representing only 10.2% of the distance between its low of $47.10 and high of $54.87. Short-term performance shows a slight recovery in the last month with a +0.48% gain, contrasting with a -0.68% drop in the last day. However, the longer-term trend remains negative, with one-year returns of -4.61% significantly underperforming the category median of +0.74%. This underperformance is consistent across multiple horizons, including a -2.84% year-to-date decline and a -0.46% three-year return. The ETFValuer grade of D has remained unchanged over the last 35 tracked days, indicating stable but poor relative quality. Historical data is limited to 3.0 years, which constrains the depth of the performance record available for analysis.

Risk metrics indicate significant price sensitivity and poor risk-adjusted returns, with a beta of 1.94 suggesting the fund moves nearly twice as much as the broader market. This high sensitivity is accompanied by a negative Sharpe ratio of -1.07, implying that the returns have not compensated investors for the volatility taken. The annualized volatility of 9.01% is labeled as Low, yet the fund has experienced a maximum drawdown of -12.64%, highlighting periods of substantial loss. Liquidity presents a challenge for traders, with an average daily volume of 268,374 shares and a wide bid/ask spread of 3.91%. These factors combined suggest a fund that has been volatile and costly to trade relative to its performance outcomes.

AI-generated summary based on the data on this page.

LTPZ Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 77.9% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how LTPZ's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With LTPZ

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with LTPZ's top 10 — AGG overlaps most, holding 1 of the same companies as LTPZ's top 10 (77.9% of LTPZ's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.80% (as of 2026-09-08) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.72 (as of 2026-09-08) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

10-Year Breakeven Inflation Rate: 2.37% (as of 2026-09-09) — The market’s implied 10-year inflation expectation, derived from Treasury and TIPS yields — directly relevant to this fund’s inflation-protection design.

LTPZ Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 3.91% and average daily volume is 268K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $849M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: LTPZ is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

LTPZ Performance History

How LTPZ Compares to Other US Bonds - TIPS ETFs