BIAZX vs. ZROZ
Compare and contrast key facts about Brown Advisory Mortgage Securities Fund (BIAZX) and PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ).
BIAZX is managed by Brown Advisory Funds. It was launched on Dec 25, 2013. ZROZ is a passively managed fund by PIMCO that tracks the performance of the BofA Merrill Lynch Long Treasury Principal STRIPS Index. It was launched on Oct 30, 2009.
Performance
BIAZX vs. ZROZ - Performance Comparison
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BIAZX vs. ZROZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAZX Brown Advisory Mortgage Securities Fund | -0.12% | 7.99% | 1.28% | 4.34% | -10.64% | -0.30% | 5.49% | 6.93% | 0.72% | 2.35% |
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | -0.31% | -1.84% | -16.18% | 1.19% | -41.28% | -5.22% | 24.57% | 21.22% | -5.43% | 14.77% |
Returns By Period
In the year-to-date period, BIAZX achieves a -0.12% return, which is significantly higher than ZROZ's -0.31% return. Over the past 10 years, BIAZX has outperformed ZROZ with an annualized return of 1.55%, while ZROZ has yielded a comparatively lower -3.81% annualized return.
BIAZX
- 1D
- -0.11%
- 1M
- -1.83%
- YTD
- -0.12%
- 6M
- 1.17%
- 1Y
- 4.56%
- 3Y*
- 3.63%
- 5Y*
- 0.34%
- 10Y*
- 1.55%
ZROZ
- 1D
- 0.06%
- 1M
- -4.97%
- YTD
- -0.31%
- 6M
- -3.60%
- 1Y
- -7.82%
- 3Y*
- -8.88%
- 5Y*
- -10.99%
- 10Y*
- -3.81%
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BIAZX vs. ZROZ - Expense Ratio Comparison
BIAZX has a 0.49% expense ratio, which is higher than ZROZ's 0.15% expense ratio.
Return for Risk
BIAZX vs. ZROZ — Risk / Return Rank
BIAZX
ZROZ
BIAZX vs. ZROZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Mortgage Securities Fund (BIAZX) and PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BIAZX | ZROZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | -0.41 | +1.49 |
Sortino ratioReturn per unit of downside risk | 1.54 | -0.45 | +1.99 |
Omega ratioGain probability vs. loss probability | 1.19 | 0.95 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.40 | +2.22 |
Martin ratioReturn relative to average drawdown | 5.02 | -0.69 | +5.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIAZX | ZROZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | -0.41 | +1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.46 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | -0.17 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.09 | +0.39 |
Correlation
The correlation between BIAZX and ZROZ is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BIAZX vs. ZROZ - Dividend Comparison
BIAZX's dividend yield for the trailing twelve months is around 4.14%, less than ZROZ's 5.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAZX Brown Advisory Mortgage Securities Fund | 4.14% | 4.43% | 4.43% | 3.65% | 2.33% | 0.75% | 0.98% | 2.12% | 2.77% | 2.03% | 2.82% | 3.59% |
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | 5.11% | 4.96% | 4.58% | 3.52% | 2.76% | 1.60% | 1.68% | 2.22% | 2.06% | 2.53% | 3.00% | 2.98% |
Drawdowns
BIAZX vs. ZROZ - Drawdown Comparison
The maximum BIAZX drawdown since its inception was -15.95%, smaller than the maximum ZROZ drawdown of -62.93%. Use the drawdown chart below to compare losses from any high point for BIAZX and ZROZ.
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Drawdown Indicators
| BIAZX | ZROZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -62.93% | +46.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -15.63% | +12.84% |
Max Drawdown (5Y)Largest decline over 5 years | -15.95% | -57.98% | +42.03% |
Max Drawdown (10Y)Largest decline over 10 years | -15.95% | -62.93% | +46.98% |
Current DrawdownCurrent decline from peak | -2.25% | -59.62% | +57.37% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -23.67% | +20.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 9.01% | -8.00% |
Volatility
BIAZX vs. ZROZ - Volatility Comparison
The current volatility for Brown Advisory Mortgage Securities Fund (BIAZX) is 1.73%, while PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) has a volatility of 5.80%. This indicates that BIAZX experiences smaller price fluctuations and is considered to be less risky than ZROZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIAZX | ZROZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 5.80% | -4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 10.82% | -8.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 19.08% | -14.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 23.90% | -18.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 22.08% | -17.67% |