PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) belongs to the Government Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ZROZ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ZROZ
ZROZ charges 0.15% annually. There are 51 ETFs in the Government Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Total Treasury ETF | 0.03% | 122.30M | Jul 2025 | ZROZ vs VTG | |
| SPDR Portfolio Short Term Treasury ETF | 0.03% | 6.07B | Nov 2011 | ZROZ vs SPTS | |
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.03% | 1.91B | Sep 2022 | ZROZ vs XHLF | |
| SPDR Portfolio Long Term Treasury ETF | 0.03% | 10.53B | May 2007 | ZROZ vs SPTL | |
| Schwab Short-Term U.S. Treasury ETF | 0.03% | 12.67B | Aug 2010 | ZROZ vs SCHO |
Best Risk-Adjusted Alternatives to ZROZ
ZROZ has a PortfoliosLab risk / return rank of 9. There are 72 ETFs in the Government Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 46.75B | May 2007 | ZROZ vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 100 | 7.68B | Sep 2016 | ZROZ vs GBIL | |
| iShares 0-1 Year Treasury Bond ETF | 100 | 20.86B | Jan 2007 | ZROZ vs SHV | |
| WisdomTree Floating Rate Treasury Fund | 100 | 17.91B | Feb 2014 | ZROZ vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 100 | 6.55B | Feb 2014 | ZROZ vs TFLO |
Top Performing ZROZ Alternatives (YTD)
ZROZ is at -3.01% YTD. There are 76 ETFs in the Government Bonds category with higher YTD returns, going as high as 4.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quadratic Deflation ETF | 4.72% | 67.49M | Sep 2021 | ZROZ vs BNDD | |
| iShares Global Government Bond USD Hedged Active E... | 2.36% | 2.91B | Jun 2025 | ZROZ vs GGOV | |
| Simplify Treasury Option Income ETF | 2.36% | 474.96M | Oct 2022 | ZROZ vs BUCK | |
| WisdomTree Floating Rate Treasury Fund | 2.05% | 17.91B | Feb 2014 | ZROZ vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 2.02% | 6.55B | Feb 2014 | ZROZ vs TFLO |
Lowest Volatility Alternatives to ZROZ
ZROZ has 15.54% 1-year volatility. There are 83 ETFs in the Government Bonds category with lower 1-year volatility, going as low as 0.20%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 46.75B | May 2007 | ZROZ vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.21% | 20.86B | Jan 2007 | ZROZ vs SHV | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 0.23% | 7.68B | Sep 2016 | ZROZ vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | 0.27% | 17.91B | Feb 2014 | ZROZ vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 0.29% | 6.55B | Feb 2014 | ZROZ vs TFLO |
Lowest Drawdown Alternatives to ZROZ
ZROZ has a 1-year max drawdown of -14.02%. There are 73 ETFs in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 46.75B | May 2007 | ZROZ vs BIL | |
| iShares Treasury Floating Rate Bond ETF | -0.02% | 6.55B | Feb 2014 | ZROZ vs TFLO | |
| WisdomTree Floating Rate Treasury Fund | -0.02% | 17.91B | Feb 2014 | ZROZ vs USFR | |
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.02% | 7.68B | Sep 2016 | ZROZ vs GBIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.03% | 20.86B | Jan 2007 | ZROZ vs SHV |
Other ETFs from PIMCO
The 10 most viewed PIMCO ETFs shown here include MINT, PYLD, BOND and span 10 categories. AUM among these funds goes as high as $16B.
Often Compared With ZROZ
Investors most often compare ZROZ with EDV, TLT, GOVZ. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare ZROZ with Any Fund or Stock
Compare ZROZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ZROZ with funds that move differently
PIMCO 25+ Year Zero Coupon US Treasury Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ZROZ.
Explore ZROZ Diversifiers