CPAG vs. ZTEN

Last updated Aug 2, 2026

CPAG (F/m Compoundr U.S. Aggregate Bond ETF) and ZTEN (F/M 10-Year Investment Grade Corporate Bond ETF) are both exchange-traded funds - CPAG is a Total Bond Market fund tracking the Nasdaq Compoundr U.S. Aggregate Bond Index, while ZTEN is a Long-Term Bond fund tracking the ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross. Both are passively managed. Their 0.96 correlation means they have historically moved very closely together. CPAG charges 0.31%/yr vs 0.15%/yr for ZTEN.

Performance

CPAG vs. ZTEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Compoundr U.S. Aggregate Bond ETF (CPAG) and F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPAG achieves a -0.99% return, which is significantly lower than ZTEN's -0.89% return.

CPAG

• 1D: -0.30%
• 1M: -1.34%
• 6M: -1.17%
• YTD: -0.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ZTEN

• 1D: -0.27%
• 1M: -1.69%
• 6M: -1.01%
• YTD: -0.89%
• 1Y: 2.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CPAG F/m Compoundr U.S. Aggregate Bond ETF	$556.82K	$489.32K	$481.87K
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF	$44.87K	$43.88K	$108.71K

CPAG vs. ZTEN - Yearly Performance Comparison

	2026 (YTD)	2025
CPAG F/m Compoundr U.S. Aggregate Bond ETF	-0.99%	2.26%
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF	-0.89%	3.43%

Correlation

The correlation between CPAG and ZTEN is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025	0.96

Return for Risk

CPAG vs. ZTEN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CPAG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ZTEN

ZTEN Risk / Return Rank: 28
ZTEN Sharpe Ratio Rank: 27
ZTEN Sortino Ratio Rank: 26
ZTEN Omega Ratio Rank: 25
ZTEN Calmar Ratio Rank: 30
ZTEN Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CPAG vs. ZTEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Compoundr U.S. Aggregate Bond ETF (CPAG) and F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN). 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.

	CPAG	ZTEN	Difference
Sharpe ratio: Return per unit of total volatility	—	0.65	—
Sortino ratio: Return per unit of downside risk	—	0.96	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.98	—
Martin ratio: Return relative to average drawdown	—	2.72	—

Drawdowns

CPAG vs. ZTEN - Drawdown Comparison

The maximum CPAG drawdown since its inception was -2.78%, smaller than the maximum ZTEN drawdown of -3.43%. Use the drawdown chart below to compare losses from any high point for CPAG and ZTEN.

Drawdown Indicators

	CPAG	ZTEN	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-3.43%	+0.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.32%	—
Current Drawdown Current decline from peak	-2.64%	-2.50%	-0.14%
Average Drawdown Average peak-to-trough decline	-0.90%	-0.86%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.19%	—

Volatility

Volatility by Period

	CPAG	ZTEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.71%	4.96%	-1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.71%	5.72%	-2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.71%	5.72%	-2.01%

CPAG vs. ZTEN - Expense Ratio Comparison

CPAG has a 0.31% expense ratio, which is higher than ZTEN's 0.15% expense ratio.

Dividends

CPAG vs. ZTEN - Dividend Comparison

CPAG has not paid dividends to shareholders, while ZTEN's dividend yield for the trailing twelve months is around 5.58%.

Position	TTM	2025	2024
CPAG F/m Compoundr U.S. Aggregate Bond ETF	0.00%	0.00%	0.00%
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF	5.13%	5.16%	0.44%

Frequently Asked Questions

Can I hold both CPAG and ZTEN in my portfolio?

With a correlation of 0.96, CPAG and ZTEN 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.

Which ETF is better, CPAG or ZTEN?

On fees, ZTEN is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CPAG or ZTEN?

ZTEN is cheaper with a 0.15% expense ratio, compared with 0.31% for CPAG.

Which ETF pays a higher dividend yield, CPAG or ZTEN?

ZTEN has the higher dividend yield at 5.13%, compared with 0.00% for CPAG.

What is the main difference between CPAG and ZTEN?

CPAG is categorized as Total Bond Market, while ZTEN is Long-Term Bond. CPAG tracks Nasdaq Compoundr U.S. Aggregate Bond Index, while ZTEN tracks ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross. Their fees differ too: 0.31% for CPAG and 0.15% for ZTEN.