- Issuer
- F/m
- Inception Date
- Jan 10, 2024
- Category
- Long-Term Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $30M
Share Price Chart
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Performance
ZTEN Performance Chart
F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) is up 0.7% since the beginning of the year. ZTEN is currently trading at $51 per share.
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Returns By Period
F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) has returned 0.71% so far this year and 6.91% over the past 12 months.
F/M 10-Year Investment Grade Corporate Bond ETF
- 1D
- 0.13%
- 1M
- 1.42%
- YTD
- 0.71%
- 6M
- 1.00%
- 1Y
- 6.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
ZTEN Monthly Returns History
Based on dividend-adjusted daily data since Dec 19, 2024, ZTEN's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.
Historically, 74% of months were positive and 26% were negative. The best month was Feb 2025 with a return of +2.5%, while the worst month was Mar 2026 at -2.1%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 2 months.
On a daily basis, ZTEN closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +1.3%, while the worst single day was Apr 7, 2025 at -1.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.13% | 1.52% | -2.06% | 0.35% | 0.60% | 0.21% | 0.71% | ||||||
| 2025 | 0.37% | 2.45% | -0.36% | -0.08% | 0.10% | 2.32% | -0.05% | 1.17% | 1.69% | 0.40% | 1.11% | -0.27% | 9.15% |
| 2024 | 0.29% | 0.29% |
Benchmark Metrics
F/M 10-Year Investment Grade Corporate Bond ETF has an annualized alpha of 4.60%, beta of 0.13, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since December 19, 2024.
- This ETF captured 17.97% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -10.08%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.13 may look defensive, but with R2 of 0.14 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 0.14 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
- 4.60%
- Beta
- 0.13
- R²
- 0.14
- Upside Capture
- 17.97%
- Downside Capture
- -10.08%
Expense Ratio
ZTEN has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
ZTEN ranks 42 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) 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.
| ZTEN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.71 | -0.61 |
| Martin ratioReturn relative to average drawdown | 6.58 | 12.15 | -5.57 |
Dividends
Dividend History
F/M 10-Year Investment Grade Corporate Bond ETF provided a 5.05% dividend yield over the last twelve months, with an annual payout of $2.56 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.56 | $2.65 | $0.22 |
Dividend yield | 5.05% | 5.16% | 0.44% |
Monthly Dividends
The table displays the monthly dividend distributions for F/M 10-Year Investment Grade Corporate Bond 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 | $0.21 | $0.21 | $0.21 | $0.20 | $0.21 | $0.00 | $1.05 | ||||||
| 2025 | $0.00 | $0.23 | $0.23 | $0.22 | $0.23 | $0.23 | $0.23 | $0.22 | $0.22 | $0.21 | $0.21 | $0.42 | $2.65 |
| 2024 | $0.22 | $0.22 |
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 F/M 10-Year Investment Grade Corporate Bond 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 F/M 10-Year Investment Grade Corporate Bond ETF was 3.43%, occurring on Apr 11, 2025. Recovery took 42 trading sessions.
The current F/M 10-Year Investment Grade Corporate Bond ETF drawdown is 0.93%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -3.43%Apr 2025 | 1mo 8d | 2mo 2d | 3mo 10dMar 2025 - Jun 2025 |
2026 pullback2026 | -3.32%Mar 2026 | 25d | — | 3mo 17dMar 2026 - now |
2025 pullback2025 | -1.99%Jan 2025 | 13d | 14d | 27dDec 2024 - Jan 2025 |
2025 pullback2025 | -1.59%Nov 2025 | 7d | 21d | 28dOct 2025 - Nov 2025 |
2025 pullback2025 | -1.33%Jul 2025 | 14d | 14d | 28dJul 2025 - Jul 2025 |
Drawdown Indicators
| ZTEN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -56.78% | +53.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -9.10% | +5.78% |
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 | -0.93% | -1.29% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -10.72% | +9.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.02% | -0.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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