PIMCO 15+ Year U.S. TIPS Index… (LTPZ) Performance
LTPZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −4.4% since Dec 31, 2025
- 1 year
- −8.1% total return
- 5 years
- −7.6% a year
- 10 years
- −0.3% a year
- Since first price
- +2.7% a year since 2009
LTPZ trailing returns vs AGG, TLT, SPY
| Period | LTPZ total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.4% | +1.4% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.2% | −2.2% | −0.4% | −1.0% | +3.2% |
| 6 months | −4.9% | −9.2% | −1.5% | −3.8% | +7.8% |
| YTD | −4.4% | −8.7% | −1.0% | −3.4% | +12.3% |
| 1 year | −8.1% | −13.3% | −1.1% | −6.9% | +14.4% |
| 3 years | +7.6%+2.5%/yr | −6.1% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −32.5%−7.6%/yr | −46.9% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | −2.6%−0.3%/yr | −32.7% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +16.8%+1.0%/yr | −24.7% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionSep 8, 2009 | +56.8%+2.7%/yr | −5.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: LTPZ vs AGG
From Sep 8, 2009: LTPZ grew to $15,680, AGG to $15,048.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LTPZ returns by calendar year
11 of 16 full years positive. Best 2011 (+25.1%), worst 2022 (−31.7%). 2026 is year to date.
LTPZ annual returns table
| Year | LTPZ | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −4.4% | −12.9% | −1.0% | −3.4% | +12.3% |
| 2025 | +4.0% | −8.7% | +7.2% | +4.3% | +17.7% |
| 2024 | −4.8% | −10.8% | +1.3% | −8.1% | +24.9% |
| 2023 | +1.0% | −18.7% | +5.7% | +2.8% | +26.2% |
| 2022 | −31.7% | −34.3% | −13.0% | −31.2% | −18.2% |
| 2021 | +7.0% | −11.6% | −1.8% | −4.6% | +28.7% |
| 2020 | +24.9% | −22.6% | +7.5% | +18.2% | +18.3% |
| 2019 | +17.5% | −7.2% | +8.5% | +14.1% | +31.2% |
| 2018 | −7.0% | −10.8% | +0.1% | −1.6% | −4.6% |
| 2017 | +9.1% | −4.5% | +3.6% | +9.2% | +21.7% |
| 2016 | +9.2% | −13.2% | +2.4% | +1.2% | +12.0% |
| 2015 | −8.8% | −15.9% | +0.5% | −1.8% | +1.2% |
| 2014 | +19.7% | −7.6% | +6.0% | +27.3% | +13.5% |
| 2013 | −19.2% | −20.9% | −2.0% | −13.4% | +32.3% |
| 2012 | +11.6% | −5.7% | +3.8% | +2.6% | +16.0% |
| 2011 | +25.1% | −6.0% | +7.7% | +34.0% | +1.9% |
| 2010 | +8.7% | −10.2% | +6.4% | +9.0% | +15.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
LTPZ largest drawdowns
Now 35.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 9, 2021 | −41.0% | Oct 19, 2023 | not yet | 1.9 years | 5.0 years so far |
| Dec 10, 2012 | −22.7% | Sep 5, 2013 | Jul 5, 2016 | 9 months | 3.6 years |
| Mar 6, 2020 | −22.6% | Mar 18, 2020 | Apr 15, 2020 | 12 days | 40 days |
| Sep 7, 2016 | −13.2% | Dec 16, 2016 | May 28, 2019 | 3 months | 2.7 years |
| Nov 2, 2010 | −12.8% | Feb 10, 2011 | Jul 11, 2011 | 3 months | 8 months |
| Jan 4, 2021 | −11.6% | Mar 18, 2021 | Jul 15, 2021 | 2 months | 6 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
LTPZ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | −0.5% | −7.9% | −0.9% | +2.3% |
| Volatility (annualized) | 11.5% | 14.5% | 12.7% | 12.0% |
| Sharpe ratio | -0.37 | -0.74 | -0.18 | 0.14 |
| Sortino ratio | -0.48 | -0.87 | -0.24 | 0.19 |
| Best month | +7.4% | +8.6% | +8.6% | +8.6% |
| Worst month | −5.9% | −14.9% | −14.9% | −14.9% |
| Best 12 months | +14.4% | +14.4% | +28.9% | +32.9% |
| Worst 12 months | −10.0% | −31.7% | −31.7% | −31.7% |
| Positive months | 53% | 47% | 49% | 55% |
| Beta vs S&P 500 | 0.51 | 0.67 | 0.41 | — |
| Correlation with S&P 500 | 0.56 | 0.72 | 0.49 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
LTPZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 194 | −31.7% | +3.5% | +32.9% | 63% |
| 3-year (a year) | 170 | −13.1% | +2.6% | +17.0% | 65% |
| 5-year (a year) | 146 | −7.9% | +3.1% | +10.2% | 74% |
| 10-year (a year) | 86 | −0.9% | +1.9% | +7.4% | 94% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
LTPZ performance overview
PIMCO 15+ Year U.S. TIPS Index… (LTPZ) returned −8.1% over the past year and −0.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned +2.7% a year, turning $10,000 into about $15,680. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −41.0%, from Nov 9, 2021 to Oct 19, 2023; the fund has not yet regained that high. LTPZ finished 11 of its 16 full calendar years with a gain; the best year was 2011 (+25.1%) and the worst 2022 (−31.7%). Volatility has been 12.0% a year.
Related: LTPZ chart, LTPZ dividends, LTPZ bond profile. See the LTPZ overview for the latest quote and fund facts.
LTPZ performance FAQ
What is the LTPZ return over the past year?
LTPZ returned −8.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 13.3%.
What is the average annual return of LTPZ?
LTPZ has returned −7.6% a year over 5 years, −0.3% a year over 10 years, +2.7% a year since September 8, 2009 (total return, distributions reinvested).
How much would $10,000 invested in LTPZ be worth?
$10,000 invested in LTPZ at its first recorded close on September 8, 2009 would be worth about $15,680 on October 23, 2026 with distributions reinvested.
What was the worst year for LTPZ?
The worst calendar year was 2022, with a total return of −31.7%. The best was 2011 at +25.1%.
What is the biggest drawdown of LTPZ?
The largest peak-to-trough decline was −41.0% between November 9, 2021 and October 19, 2023. It has not yet recovered to that high; it is 35.9% below its peak.
How volatile is LTPZ?
Over the past 3 years LTPZ had an annualized volatility of 11.5% and a Sharpe ratio of -0.37 (excess return over 1–3 month T-bills per unit of risk).