What Moves Like STPZ

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Fund · NYSE Arca

The tradable tickers whose daily moves track STPZ most closely over the past year, filtered to risk comparable with STPZ's own.

Closest match

STIP iShares 0-5 Year TIPS Bond ETF — 0.924 correlation over the past year, and 20% calmer than STPZ.

About STPZ

Annualised volatility 1.9%

Beta vs SPY 0.01

Market correlation 0.049

Traded per day $2.3M

252 sessions to 2026-09-10 · STPZ volatility 1.9% annualised · $2.3M a day

Ticker	1-year correlation	3-year	Volatility vs STPZ	Risk	What it is
STIP iShares 0-5 Year TIPS Bond ETF	0.924	0.874	0.80×	20% calmer	Fund
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares	0.913	0.831	0.82×	18% calmer	Fund
TDTT Northern Trust iBoxx 3-Year Target Duration TIPS ETF	0.891	0.890	1.01×	similar	Fund
TIPX State Street SPDR Bloomberg 1a??10 Year TIPS ETF	0.838	0.891	1.41×	41% choppier	Fund
VGSH Vanguard Short-Term Treasury ETF	0.657	0.743	0.68×	32% calmer	Fund
UTWO US Treasury 2 Year Note ETF	0.651	0.711	0.70×	30% calmer	Fund
SPTS State Street SPDR Portfolio Short Term Treasury ETF	0.649	0.733	0.69×	31% calmer	Fund
IBTJ iShares iBonds Dec 2029 Term Treasury ETF	0.639	0.733	1.16×	16% choppier	Fund
IBTI iShares iBonds Dec 2028 Term Treasury ETF	0.630	0.731	0.80×	20% calmer	Fund
BSV Vanguard Short-Term Bond ETF	0.627	0.734	0.94×	similar	Fund
SHY iShares 1-3 Year Treasury Bond ETF	0.622	0.733	0.71×	29% calmer	Fund
JSCP JPMorgan Short Duration Core Plus ETF	0.617	0.710	0.93×	similar	Fund
IEI iShares 3-7 Year Treasury Bond ETF	0.616	0.746	1.59×	59% choppier	Fund
IBTK iShares iBonds Dec 2030 Term Treasury ETF	0.613	0.720	1.51×	51% choppier	Fund
SCHO Schwab Short-Term U.S. Treasury ETF	0.609	0.716	0.71×	29% calmer	Fund
NEAR iShares Short Duration Bond Active ETF	0.604	0.635	0.71×	29% calmer	Fund
BSCS Invesco BulletShares 2028 Corporate Bond ETF	0.593	0.662	0.79×	21% calmer	Fund
ISTB iShares Core 1-5 Year USD Bond ETF	0.589	0.730	0.96×	similar	Fund
USTB VictoryShares Short-Term Bond ETF	0.588	0.658	0.66×	34% calmer	Fund
AVSF Avantis Short-Term Fixed Income ETF	0.588	0.663	1.01×	similar	Fund
SUSB iShares ESG Aware 1-5 Year USD Corporate Bond ETF	0.586	0.691	1.06×	similar	Fund
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF	0.585	0.668	0.81×	19% calmer	Fund
IBDT iShares iBonds Dec 2028 Term Corporate ETF	0.585	0.673	0.80×	20% calmer	Fund
EVSD Eaton Vance Short Duration Income ETF	0.583	—	0.85×	15% calmer	Fund
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF	0.583	0.692	1.04×	similar	Fund

Showing 25 of 30 tickers that qualified. Correlation is of daily returns; 1.000 would mean moving in lockstep, 0.000 no relationship at all.

What this is for

Three questions, one number behind all of them.

Harvesting a loss without leaving the market. Sell a position at a loss to book it, and the wash-sale rule stops you claiming that loss if you buy back something substantially identical within 30 days. The usual move is to buy something that behaves similarly without being the same security. What counts as substantially identical is a question for a tax professional, not for a correlation table — but finding the candidates is what this page does.
Picking between near-duplicates. A dozen funds track the same index. If two of them correlate at 0.999, the choice is about expense ratio, spread and tax treatment, not exposure.
Finding out you hold one position twice. Two tickers that feel like separate holdings and correlate at 0.97 are one bet wearing two names. That is the most common way a portfolio ends up less diversified than its owner thinks.

How to read the two correlation columns

The one-year figure is what the relationship looks like now. The three-year figure is what it has looked like over a longer stretch. Comparing them is the point: when they agree, the relationship is structural and likely to hold. When the one-year number is far below the three-year one, something has changed — a shift in business mix, an index reconstitution, a sector that has stopped moving together — and the recent figure is the one to trust less, not more.

Correlation measures whether two things move together, not whether they move by the same amount. That is why the volatility column is there. Two tickers can correlate at 0.99 while one swings half again as hard, and swapping one for the other would quietly change how much risk you are carrying.

What was deliberately left out

Ranking purely by correlation produces answers that are mathematically perfect and practically useless. The closest matches to AAPL by raw correlation are leveraged AAPL funds at 0.999 — correct, and not replacements for anything. Four filters run before a ticker is allowed to appear:

Comparable risk. A candidate has to sit within a band of the subject's own volatility. Note that the band is relative: looking up an ordinary stock or fund, this removes the leveraged products, because they move two or three times as far. Looking up a leveraged product itself, the comparable-risk answer is other leveraged products — and that is what you get.
Three years of history. A replacement you intend to hold should have traded through more than one market regime. This removes the single-stock covered-call and option-income funds as a class, since almost all are recent launches.
No structured products. What survives both of the above is the rare instrument that tracks another almost exactly but with visibly damped volatility — the signature of a capped-upside product. Genuine share-class pairs do not look like that, so they come through untouched.
A liquidity floor. Everything listed trades at least $1.0M a day. A substitute you cannot get filled in is not a substitute.

Where all of that leaves a ticker with no close match, the page says so. A stock with no substitute is a real and useful finding, and inventing a loose one to fill the table would be worse than an empty answer.

Limits, stated up front

Correlation is backward-looking. It describes the window it was measured over and carries no promise about the next one. Relationships that held for years break, usually at the moment people are relying on them.
It says nothing about direction or returns. Two tickers can correlate at 0.99 and one can be down 40% over the same stretch. This page ranks co-movement, not performance, and nothing here is a recommendation.
Daily returns only. Measured on a different frequency — weekly, monthly — the numbers move, sometimes a lot. Daily is the standard choice and it is the one used throughout.
Substantially identical is a legal test, not a statistical one. A high correlation does not make two securities substantially identical for tax purposes, and a low one does not make them safe. Talk to a tax professional.

Where the numbers come from

Correlations are computed in-house from a daily price history and rebuilt every night. What gets published is the derived statistic — a correlation coefficient, a volatility ratio, an observation count — and nothing from which a price or return series could be reconstructed. The rest of the Markets section is on the Markets overview, including futures positioning extremes and SEC Form 4 insider transactions.