LTPZ vs VOO
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | LTPZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $720M | $979.0B | |
| Dividend Yield | 4.15% | 1.09% | |
| Holdings | 24 | 509 | |
| YTD Return | -3.53% | +14.48% | |
| 1Y Return | -2.72% | +22.02% | |
| 3Y Return (annualized) | -0.56% | +21.80% | |
| 5Y Return (annualized) | -7.24% | +13.36% | |
| Volatility (annualized) | 11.8% | 14.2% | |
| Max Drawdown | -41.0% | -34.3% | |
| Fund Family | PIMCO (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 3, 2009 | Sep 7, 2010 |
LTPZ vs VOO Performance
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund (LTPZ) is a ETF from PIMCO (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year LTPZ returned -2.72% while VOO returned +22.02%. Year to date, LTPZ is down 3.53% versus a gain of 14.48% for VOO.
Over three years, LTPZ compounded at -0.56% per year against +21.80% for VOO; over five years the annualized figures are -7.24% and +13.36% respectively. Across the full 16-year window we track, VOO has the edge at +13.61% annualized vs +1.30%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 11.8% for LTPZ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -41.0% for LTPZ and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LTPZ charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, LTPZ currently yields 4.15% against 1.09% for VOO.
Holdings Overlap
LTPZ and VOO share 0 holdings out of 520 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LTPZ or VOO?
LTPZ has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, LTPZ or VOO?
Over the past year LTPZ returned -2.72% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), LTPZ annualized +1.30% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, LTPZ or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 11.8% for LTPZ. Worst drawdown: LTPZ -41.0% vs VOO -34.3%.
Should I hold both LTPZ and VOO?
LTPZ and VOO have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LTPZ and VOO?
LTPZ and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, LTPZ or VOO?
LTPZ yields 4.15% while VOO yields 1.09%, so LTPZ currently pays the higher dividend yield.
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