PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (LTPZ) — Stock Correlations & Overview
Over the past year, LTPZ has moved most closely with TIPD, TLT, TIPC. Explore the stocks most correlated and inversely correlated with LTPZ below, along with its price, financials, and company profile.
Stocks correlated with LTPZ
Correlation of daily returns. Higher positive values move with LTPZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with LTPZ
| Symbol | Company | Correlation |
|---|---|---|
| TIPD | Northern Trust 2055 Inflation-Linked Distributing Ladder ETF | 0.94 |
| TLT | iShares 20+ Year Treasury Bond ETF | 0.91 |
| TIPC | Northern Trust 2045 Inflation-Linked Distributing Ladder ETF | 0.91 |
| SCHQ | Schwab Long-Term U.S. Treasury ETF | 0.91 |
| VGLT | Vanguard Long-Term Treasury ETF | 0.91 |
Most inversely correlated with LTPZ
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.90 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.89 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.88 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.86 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.80 |
Frequently asked questions about LTPZ correlations
- Which stocks are most correlated with LTPZ?
- Based on one year of daily returns, the stocks most correlated with PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (LTPZ) are TIPD (0.94), TLT (0.91) and TIPC (0.91). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with LTPZ?
- Over the past year, the stocks most inversely correlated with PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (LTPZ) are TMV (-0.90), TBT (-0.89) and TBF (-0.88). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these LTPZ correlations calculated?
- We compute the correlation of daily returns between LTPZ and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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