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LTPZ vs VTP

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

LTPZCNYSE Arca

Vanguard Total Inflation-Protected Securities ETF

VTPANYSE Arca

Overlap

No data

Expense ratio

VTP −0.15pt a year

LTPZ0.20%VTP0.05%

Avg volume · 30D

LTPZ 7.2×the volume

LTPZ457KVTP63.4K

LTPZ vs VTP Performance

Oct 31, 2025 – Oct 30, 2026

−6.6%LTPZ+0.2%VTP

Oct 31, 2025 to Oct 30, 2026. LTPZ −6.6%. VTP +0.2%. Use the arrow keys to read each point.−12.5%−10%−5%−2.5%Oct 2025Apr 2026Oct 2026
Expense ratio
LTPZ 0.20%
VTP 0.05%, better
Fund size
LTPZ $1.01B
VTP $251M
1Y total return
LTPZ −6.6%
VTP +0.2%, better
Yield (12M)
LTPZ 6.23%, better
VTP 3.74%
Holdings
LTPZ 17
VTP 51
Avg volume (30D)
LTPZ 457K sh, better
VTP 63.4K sh
NAV per share
LTPZ $47.38
VTP $74.00
52W range

ETF.net Grade

LTPZ: Cost 21, Risk 4, Mission 71, Tradability 57, Holdings 63, Durability 76. VTP: Cost 93, Risk 37, Mission 100, Tradability 51, Holdings 79, Durability 67.
Pillar letters and Scores for LTPZ, VTP, with each pillar’s weight
PillarLTPZVTP
Cost30% weightF21A93Higher
Mission25% weightA71A100Higher
Risk15% weightF4D37Higher
Tradability15% weightB57HigherC51
Holdings10% weightB63A79Higher
Durability5% weightA76HigherB67

Rank among TIPS funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. LTPZ and VTP are both graded against the same 40 TIPS funds, so their Grades compare head to head.

TIPS⁠

Category · 40 funds
See all 40 ›

VTP ranks 3rd and LTPZ 29th of 40 funds in the TIPS Category.

  1. Rank 1ASCHPSchwab US TIPS ETFScore 85
  2. Rank 2ASTIPiShares 0-5 Year TIPS Bond ETFScore 80
  3. Rank 3AVTPVanguard Total Inflation-Protected Securities ETFScore 77
  4. Rank 4APBTPInvesco 0-5 Yr US TIPS ETFScore 72
  5. Rank 28CIBIMiShares iBonds Oct 2036 Term TIPS ETFScore 46
  6. Rank 29CLTPZPIMCO 15+ Year U.S. TIPS Index Exchange-Traded FundScore 43
  7. Rank 30CLIAELifeX 2050 Inflation-Protected Longevity Income ETFScore 40

Our read on each fund

ETF.net Research

LTPZCPIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

VTPAVanguard Total Inflation-Protected Securities ETF

In short

LTPZ Inflation protection with the duration dial cranked all the way up. LTPZ holds only TIPS maturing in 15 years or more, so it swings on long-term real yields far more than a whole-curve inflation fund.

VTP Vanguard's ETF answer for the whole TIPS curve. It tracks a market-value-weighted index of Treasury inflation-linked bonds with at least a year left to run, charges five basis points, and opened for business in 2025.

Stated mandate

LTPZ The fund seeks total returns that closely track, before fees and expenses, the return of its specified index. It uses representative sampling to obtain exposure to that index.

VTP The Fund passively tracks the full market of U.S. Treasury inflation-protected public obligations through the ICE U.S. Treasury Inflation Linked Bond Index.

Why people hold it

  • LTPZ Owns only Treasury inflation-linked bonds maturing in 15 years or more, the long slice that broad TIPS funds dilute with short notes.pimco.com
  • Rules-based, not a curve-timing bet: it samples the 15+ year U.S. inflation-linked Treasury index instead of leaving maturity calls to a manager.pimco.com
  • Has run the same long-TIPS mandate since launching in 2009, a track record spanning very different rate and inflation regimes.
  • VTP Five basis points: under half the typical fund in its Treasury peer group, and well below the 0.12% charged by broad TIPS rival SPIP.
  • Full-curve coverage. The index is market value weighted and takes inflation-protected Treasuries with at least one year to maturity, no upper limit, so no single maturity slice bet.ice.com
  • Vanguard's other inflation-linked ETF stops below five years to maturity. This one is the long-end-included sibling, in the same low-cost index wrapper.vanguard.com
  • The inflation link sits inside the bonds, not in a strategy overlay: principal and coupons are indexed to consumer prices, and the fund passes income through quarterly.vanguard.com

Worth knowing

  • LTPZ At 0.20% a year it costs more than the typical Treasury bond ETF, and whole-curve TIPS options such as SCHP charge a fraction of that.
  • Long maturities cut both ways. When long-term real yields rise, prices drop hard. Inflation-linked does not mean price-stable.pimco.com
  • Mid-sized and moderately traded, so spreads can show up in your fill price, and its payouts land irregularly rather than on a set schedule.
  • VTP Owning the long end cuts both ways. Real-rate moves hit a full-maturity TIPS portfolio harder than a sub-five-year one, so expect more price movement.ice.comvanguard.com
  • A 2025 launch means a short track record and thinner trading than the long-established TIPS funds, which can show up as wider bid-ask spreads.
  • Payouts move with inflation adjustments rather than a fixed rate, and Vanguard discloses that a distribution can include return of capital.vanguard.com

Full LTPZ profile⁠

Full VTP profile⁠

LTPZ vs VTP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

LTPZ vs VTP Cost

Overpaying LTPZ vs VTP

$3,095

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LTPZ 0.20%

    $4,155

  • VTP 0.05%

    $1,060

$10,000
30 years

Cost over time

  • LTPZ 0.20%
  • VTP 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530LTPZ $4,155VTP $1,060

Year by year

YearLTPZVTPOverpaying
10$365$92$273
20$1,421$360$1,061
30$4,155$1,060$3,095

Expense ratio

  • 0.20%LTPZ
  • 0.05%VTP, cheaper
  • Middle half of TIPS funds
  • Median 0.10%

VTP 4th cheapest of 40 funds

LTPZ 31st cheapest of 40 funds

LTPZ vs VTP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
LTPZ 6.23%, better
VTP 3.74%
Payout (12M)
LTPZ $2.96
VTP $2.77
Last payment
LTPZ $0.46
VTP $0.99
Ex-dividend
LTPZ Aug 3, 2026
VTP Oct 1, 2026
Paid on
LTPZ Aug 5, 2026
VTP Oct 5, 2026
Frequency
LTPZ Monthly
VTP Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

LTPZMonthly · 86 paymentsAll LTPZ payments⁠
One bar per payment. 86 payments from 2017 to 2026 YTD. Apr 3, 2017 $0.20; May 1, 2017 $0.20; Jun 1, 2017 $0.06; Jul 3, 2017 $0.24; Aug 1, 2017 $0.08; Sep 1, 2017 $0.09; Nov 1, 2017 $0.16; Dec 1, 2017 $0.30; Dec 28, 2017 $0.23; Apr 2, 2018 $0.30; May 1, 2018 $0.30; Jun 1, 2018 $0.19; Jul 2, 2018 $0.24; Aug 1, 2018 $0.25; Sep 4, 2018 $0.15; Nov 1, 2018 $0.16; Dec 3, 2018 $0.32; Dec 28, 2018 $0.15; Jul 1, 2019 $0.20; Aug 1, 2019 $0.18; Sep 3, 2019 $0.06; Oct 1, 2019 $0.15; Nov 1, 2019 $0.15; Dec 2, 2019 $0.20; Dec 30, 2019 $0.31; Apr 1, 2020 $0.29; May 1, 2020 $0.17; Sep 1, 2020 $0.25; Oct 1, 2020 $0.30; Nov 2, 2020 $0.19; Dec 1, 2020 $0.06; Apr 1, 2021 $0.24; May 3, 2021 $0.32; Jun 1, 2021 $0.41; Jul 1, 2021 $0.49; Aug 2, 2021 $0.48; Sep 1, 2021 $0.50; Oct 1, 2021 $0.22; Nov 1, 2021 $0.08; Dec 1, 2021 $0.13; Dec 30, 2021 $0.38; Feb 1, 2022 $0.33; Mar 1, 2022 $0.20; Apr 1, 2022 $0.53; May 2, 2022 $0.63; Jun 1, 2022 $0.85; Jul 1, 2022 $0.36; Aug 1, 2022 $0.65; Sep 1, 2022 $0.90; Dec 1, 2022 $0.12; Dec 29, 2022 $0.31; Apr 3, 2023 $0.21; May 1, 2023 $0.35; Jun 1, 2023 $0.24; Jul 3, 2023 $0.36; Aug 1, 2023 $0.15; Sep 1, 2023 $0.21; Oct 2, 2023 $0.12; Nov 1, 2023 $0.29; Dec 1, 2023 $0.17; Apr 1, 2024 $0.28; May 1, 2024 $0.36; Jun 3, 2024 $0.47; Jul 1, 2024 $0.26; Aug 1, 2024 $0.12; Sep 3, 2024 $0.04; Oct 1, 2024 $0.09; Nov 1, 2024 $0.08; Dec 2, 2024 $0.13; Dec 31, 2024 $0.10; Mar 3, 2025 $0.03; Apr 1, 2025 $0.45; May 1, 2025 $0.33; Jun 2, 2025 $0.19; Jul 1, 2025 $0.23; Aug 1, 2025 $0.17; Sep 2, 2025 $0.24; Oct 1, 2025 $0.14; Nov 3, 2025 $0.22; Dec 1, 2025 $0.20; Dec 31, 2025 $0.20; Apr 1, 2026 $0.02; May 1, 2026 $0.53; Jun 1, 2026 $0.70; Jul 1, 2026 $0.63; Aug 3, 2026 $0.46. Use the arrow keys to read each point.$0$12017202020232026YTD
VTPQuarterly · 5 paymentsAll VTP payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Oct 1, 2025 $0.47; Dec 18, 2025 $0.71; Apr 1, 2026 $0.06; Jul 1, 2026 $1.01; Oct 1, 2026 $0.99. Use the arrow keys to read each point.$0$12017202020232026YTD

LTPZ vs VTP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
LTPZ 11.5%VTP 4.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
LTPZ −0.09VTP −0.42since Aug 2025
Worst fallMax drawdown, 5 years
LTPZ −41.0%VTP −4.0%since Jul 2025
Market sensitivityBeta, 5 years
LTPZ 1.95VTP 0.14

LTPZ and VTP in the news

All news⁠

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