ETF Research and Analysis

by Phillip Yoo
PIMCO 1-5 Year U.S. TIPS Index ETF STPZ offers exposure to the short-end of the Treasury Inflation-Protected Securities market at a reasonable cost, earning it a Morningstar Analyst Rating of Bronze. The fund’s short duration   Read more 

Bull Case

This fund delivers a high correlation to the immediate CPI and inflation changes.
TIPS provide protection against unexpected inflation.
Its short duration reduces interest-rate risk. Read more 

Bear Case

If inflation is below expectations, the fund will likely underperform non-inflation-protected U.S. Treasuries.
It offers a low yield compared with its category peers.
Because the underlying index is market-cap-weighted and does not target a specific maturity, the fund's duration can change over time. Read more 

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