BLTD vs. ZROZ
BLTD (Bluemonte Long Term Bond ETF) and ZROZ (PIMCO 25+ Year Zero Coupon US Treasury Index Fund) are both exchange-traded funds - BLTD is a Long-Term Bond fund managed by Bluemonte, while ZROZ is a Government Bonds fund tracking the ICE BofA Long U.S. Treasury Principal STRIPS Index. Over the past year, BLTD returned 4.79% vs 3.19% for ZROZ. Their correlation of 0.93 suggests significant overlap in exposure. BLTD charges 0.23%/yr vs 0.15%/yr for ZROZ.
Performance
BLTD vs. ZROZ - Performance Comparison
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Returns By Period
In the year-to-date period, BLTD achieves a 0.84% return, which is significantly lower than ZROZ's 1.19% return.
BLTD
- 1D
- 0.18%
- 1M
- 1.46%
- YTD
- 0.84%
- 6M
- 0.77%
- 1Y
- 4.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZROZ
- 1D
- 0.22%
- 1M
- 4.56%
- YTD
- 1.19%
- 6M
- 0.40%
- 1Y
- 3.19%
- 3Y*
- -7.49%
- 5Y*
- -11.95%
- 10Y*
- -4.16%
BLTD vs. ZROZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLTD Bluemonte Long Term Bond ETF | 0.84% | 3.76% |
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | 1.19% | 2.20% |
Correlation
The correlation between BLTD and ZROZ is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025 | 0.93 |
The correlation between BLTD and ZROZ has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
BLTD vs. ZROZ — Risk / Return Rank
BLTD
ZROZ
BLTD vs. ZROZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bluemonte Long Term Bond ETF (BLTD) 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.
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.
| BLTD | ZROZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.04 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.23 | +0.77 |
| Martin ratioReturn relative to average drawdown | 2.48 | 0.50 | +1.98 |
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Drawdowns
BLTD vs. ZROZ - Drawdown Comparison
The maximum BLTD drawdown since its inception was -4.80%, smaller than the maximum ZROZ drawdown of -62.93%. Use the drawdown chart below to compare losses from any high point for BLTD and ZROZ.
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Drawdown Indicators
| BLTD | ZROZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.80% | -62.93% | +58.13% |
Max Drawdown (1Y)Largest decline over 1 year | -4.80% | -14.02% | +9.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.93% | — |
Current DrawdownCurrent decline from peak | -1.92% | -59.02% | +57.10% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -24.15% | +22.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 6.40% | -4.46% |
Volatility
BLTD vs. ZROZ - Volatility Comparison
The current volatility for Bluemonte Long Term Bond ETF (BLTD) is 1.70%, while PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) has a volatility of 3.56%. This indicates that BLTD 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
| BLTD | ZROZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 3.56% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 5.04% | 10.75% | -5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.82% | 15.73% | -8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.82% | 23.83% | -17.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.82% | 22.03% | -15.21% |
BLTD vs. ZROZ - Expense Ratio Comparison
BLTD has a 0.23% expense ratio, which is higher than ZROZ's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BLTD vs. ZROZ - Dividend Comparison
BLTD's dividend yield for the trailing twelve months is around 3.91%, less than ZROZ's 5.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLTD Bluemonte Long Term Bond ETF | 3.91% | 2.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | 5.03% | 4.96% | 4.58% | 3.52% | 2.76% | 1.60% | 1.68% | 2.22% | 2.06% | 2.53% | 3.00% | 2.98% |
Frequently Asked Questions
With a correlation of 0.93, BLTD and ZROZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ZROZ has higher volatility (3.56%) compared to BLTD (1.70%). In terms of maximum drawdown, BLTD dropped -4.80% vs ZROZ's -62.93%.
On 1-year performance, BLTD leads with 4.79% vs 3.19% for ZROZ. On fees, ZROZ is cheaper at 0.15% per year. On volatility, BLTD has been the lower-risk option at 1.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BLTD has performed better with a 4.79% return vs 3.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ZROZ is cheaper with a 0.15% expense ratio, compared with 0.23% for BLTD.
ZROZ has the higher dividend yield at 5.03%, compared with 3.91% for BLTD.
BLTD is categorized as Long-Term Bond, while ZROZ is Government Bonds. They also come from different issuers: Bluemonte and PIMCO. Their fees differ too: 0.23% for BLTD and 0.15% for ZROZ.
BLTD currently has the higher Sharpe Ratio (0.70 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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