LTPZ vs VYM
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | LTPZ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.04% | |
| AUM | $720M | $79.0B | |
| Dividend Yield | 4.15% | 2.86% | |
| Holdings | 24 | 568 | |
| YTD Return | -3.53% | +16.78% | |
| 1Y Return | -2.72% | +24.43% | |
| 3Y Return (annualized) | -0.56% | +18.60% | |
| 5Y Return (annualized) | -7.24% | +12.30% | |
| Volatility (annualized) | 11.8% | 14.6% | |
| Max Drawdown | -41.0% | -58.8% | |
| Fund Family | PIMCO (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 3, 2009 | Nov 10, 2006 |
LTPZ vs VYM Performance
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund (LTPZ) is a ETF from PIMCO (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year LTPZ returned -2.72% while VYM returned +24.43%. Year to date, LTPZ is down 3.53% versus a gain of 16.78% for VYM.
Over three years, LTPZ compounded at -0.56% per year against +18.60% for VYM; over five years the annualized figures are -7.24% and +12.30% respectively. Across the full 17-year window we track, VYM has the edge at +7.11% annualized vs +1.30%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LTPZ charges 0.20% per year while VYM charges 0.04%. On a $10,000 position that is $20 vs $4 annually, a gap of $16 per year that compounds over a long holding period. On income, LTPZ currently yields 4.15% against 2.86% for VYM.
Holdings Overlap
LTPZ and VYM share 0 holdings out of 573 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 VYM?
LTPZ has an expense ratio of 0.20% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, LTPZ or VYM?
Over the past year LTPZ returned -2.72% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (17 years), LTPZ annualized +1.30% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, LTPZ or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 11.8% for LTPZ. Worst drawdown: LTPZ -41.0% vs VYM -58.8%.
Should I hold both LTPZ and VYM?
LTPZ and VYM have a monthly-return correlation of 0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LTPZ and VYM?
LTPZ and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 573 unique securities.
Which pays a higher dividend, LTPZ or VYM?
LTPZ yields 4.15% while VYM yields 2.86%, so LTPZ currently pays the higher dividend yield.
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