- ISIN
- US37966B3078
- CUSIP
- 37966B307
- Issuer
- Global X
- Inception Date
- Jan 6, 2026
- Region
- North America (United States)
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE Zero Coupon U.S. Treasury STRIPS 2032 Maturity Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $985K
Share Price Chart
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Performance
ZCBC Performance Chart
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Returns By Period
Global X Zero Coupon Bond 2032 ETF
- 1D
- 0.33%
- 1M
- 0.46%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
ZCBC Monthly Returns History
Based on dividend-adjusted daily data since Jan 7, 2026, ZCBC's average daily return is 0.00%, while the average monthly return is -0.04%.
Historically, 17% of months were positive and 83% were negative. The best month was Feb 2026 with a return of +2.4%, while the worst month was Mar 2026 at -2.1%. The longest winning streak lasted 1 consecutive months, and the longest losing streak was 4 months.
On a daily basis, ZCBC closed higher 50% of trading days. The best single day was Feb 5, 2026 with a return of +0.6%, while the worst single day was Mar 20, 2026 at -0.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.03% | 2.35% | -2.05% | -0.20% | -0.13% | -0.17% | -0.28% |
Benchmark Metrics
Global X Zero Coupon Bond 2032 ETF has an annualized alpha of -2.59%, beta of 0.13, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since January 07, 2026.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -0.74%), but participation in market rallies was also limited (-1.37%) - a profile typical of counter-cyclical assets.
- Beta of 0.13 may look defensive, but with R2 of 0.17 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.17 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -2.59%
- Beta
- 0.13
- R²
- 0.17
- Upside Capture
- -1.37%
- Downside Capture
- -0.74%
Expense Ratio
ZCBC has an expense ratio of 0.07%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Zero Coupon Bond 2032 ETF (ZCBC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZCBC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Global X Zero Coupon Bond 2032 ETF provided a 1.60% dividend yield over the last twelve months, with an annual payout of $0.79 per share.
| Period | TTM |
|---|---|
| Dividend | $0.79 |
Dividend yield | 1.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Zero Coupon Bond 2032 ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.12 | $0.17 | $0.17 | $0.17 | $0.17 | $0.79 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Zero Coupon Bond 2032 ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Zero Coupon Bond 2032 ETF was 3.65%, occurring on May 19, 2026. The portfolio has not yet recovered.
The current Global X Zero Coupon Bond 2032 ETF drawdown is 2.54%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -3.65%May 2026 | 2mo 18d | — | 3mo 22dMar 2026 - now |
2026 pullback2026 | -0.76%Jan 2026 | 5d | 16d | 21dJan 2026 - Feb 2026 |
2026 pullback2026 | -0.29%Jan 2026 | 4d | 2d | 6dJan 2026 - Jan 2026 |
2026 pullback2026 | -0.26%Feb 2026 | 0s | 1d | 1dFeb 2026 - Feb 2026 |
2026 pullback2026 | -0.23%Feb 2026 | 1d | 5d | 6dFeb 2026 - Feb 2026 |
Drawdown Indicators
| ZCBC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.65% | -56.78% | +53.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.54% | -2.49% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -10.72% | +9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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