- Issuer
- F/m
- Inception Date
- Jan 10, 2024
- Category
- Short-Term Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE 3-Year US Target Maturity Corporate Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $40M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ZTRE Performance Chart
F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) is up 0.5% since the beginning of the year. ZTRE is currently trading at $51 per share.
Loading charts...
Returns By Period
F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) has returned 0.47% so far this year and 3.84% over the past 12 months.
F/M 3-Year Investment Grade Corporate Bond ETF
- 1D
- -0.04%
- 1M
- 0.25%
- YTD
- 0.47%
- 6M
- 0.83%
- 1Y
- 3.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ZTRE Monthly Returns History
Based on dividend-adjusted daily data since Dec 19, 2024, ZTRE's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.
Historically, 84% of months were positive and 16% were negative. The best month was Aug 2025 with a return of +1.1%, while the worst month was Mar 2026 at -0.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, ZTRE closed higher 54% of trading days. The best single day was Aug 1, 2025 with a return of +0.5%, while the worst single day was Apr 7, 2025 at -0.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.39% | 0.40% | -0.78% | 0.40% | 0.23% | -0.16% | 0.47% | ||||||
| 2025 | 0.51% | 1.01% | 0.38% | 0.69% | 0.20% | 0.91% | -0.01% | 1.13% | 0.38% | 0.23% | 0.56% | 0.43% | 6.60% |
| 2024 | 0.32% | 0.32% |
Benchmark Metrics
F/M 3-Year Investment Grade Corporate Bond ETF has an annualized alpha of 4.36%, beta of 0.03, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since December 19, 2024.
- This ETF captured 10.97% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -14.41%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.03 may look defensive, but with R2 of 0.07 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 0.07 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
- 4.36%
- Beta
- 0.03
- R²
- 0.07
- Upside Capture
- 10.97%
- Downside Capture
- -14.41%
Expense Ratio
ZTRE has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
ZTRE ranks 64 for risk / return — better than 64% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) 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.
| ZTRE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.78 | -0.13 |
| Martin ratioReturn relative to average drawdown | 10.60 | 12.44 | -1.83 |
Dividends
Dividend History
F/M 3-Year Investment Grade Corporate Bond ETF provided a 4.22% dividend yield over the last twelve months, with an annual payout of $2.14 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.14 | $2.24 | $0.20 |
Dividend yield | 4.22% | 4.37% | 0.39% |
Monthly Dividends
The table displays the monthly dividend distributions for F/M 3-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 | $0.18 | $0.18 | $0.18 | $0.17 | $0.18 | $0.00 | $0.89 | ||||||
| 2025 | $0.00 | $0.21 | $0.20 | $0.19 | $0.20 | $0.19 | $0.19 | $0.16 | $0.18 | $0.17 | $0.17 | $0.36 | $2.24 |
| 2024 | $0.20 | $0.20 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the F/M 3-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 3-Year Investment Grade Corporate Bond ETF was 1.45%, occurring on Mar 26, 2026. The portfolio has not yet recovered.
The current F/M 3-Year Investment Grade Corporate Bond ETF drawdown is 0.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -1.45%Mar 2026 | 1mo | — | 3mo 29dFeb 2026 - now |
2025 selloff2025 | -1.16%Apr 2025 | 7d | 14d | 21dApr 2025 - Apr 2025 |
2025 selloff2025 | -0.52%May 2025 | 13d | 13d | 26dMay 2025 - May 2025 |
2025 pullback2025 | -0.40%Nov 2025 | 7d | 16d | 23dOct 2025 - Nov 2025 |
2025 selloff2025 | -0.39%Jun 2025 | 1d | 6d | 7dJun 2025 - Jun 2025 |
Drawdown Indicators
| ZTRE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.45% | -56.78% | +55.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -9.10% | +7.65% |
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 | -0.34% | -1.80% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -10.71% | +10.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 2.03% | -1.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ZTRE
Add F/M 3-Year Investment Grade Corporate Bond ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ZTRE