CPHY vs. ZTRE

Last updated Aug 2, 2026

CPHY (F/m Compoundr High Yield Bond ETF) and ZTRE (F/M 3-Year Investment Grade Corporate Bond ETF) are both exchange-traded funds - CPHY is a High Yield Bonds fund tracking the Nasdaq Compoundr U.S. High Yield Bond Index, while ZTRE is a Short-Term Bond fund tracking the ICE 3-Year US Target Maturity Corporate Index - Benchmark TR Gross. Both are passively managed. Their 0.58 correlation means they have sometimes moved together and sometimes differently. CPHY charges 0.35%/yr vs 0.15%/yr for ZTRE.

Performance

CPHY vs. ZTRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Compoundr High Yield Bond ETF (CPHY) and F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPHY achieves a 0.43% return, which is significantly lower than ZTRE's 0.80% return.

CPHY

• 1D: -0.01%
• 1M: -0.38%
• 6M: -0.17%
• YTD: 0.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ZTRE

• 1D: -0.04%
• 1M: -0.06%
• 6M: 0.41%
• YTD: 0.80%
• 1Y: 3.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.76%

*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)
CPHY F/m Compoundr High Yield Bond ETF	$47.80K	$33.82K	$41.16K
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF	$361.74K	$257.68K	$173.89K

CPHY vs. ZTRE - Yearly Performance Comparison

	2026 (YTD)	2025
CPHY F/m Compoundr High Yield Bond ETF	0.43%	2.43%
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF	0.80%	2.28%

Correlation

The correlation between CPHY and ZTRE is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025	0.58

Return for Risk

CPHY vs. ZTRE — Risk / Return Rank

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

CPHY

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

ZTRE

ZTRE Risk / Return Rank: 79
ZTRE Sharpe Ratio Rank: 80
ZTRE Sortino Ratio Rank: 85
ZTRE Omega Ratio Rank: 84
ZTRE Calmar Ratio Rank: 70
ZTRE Martin Ratio Rank: 76

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.

CPHY vs. ZTRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Compoundr High Yield Bond ETF (CPHY) and F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE). 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.

	CPHY	ZTRE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.86	—
Sortino ratio: Return per unit of downside risk	—	2.80	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.47	—
Martin ratio: Return relative to average drawdown	—	9.68	—

Drawdowns

CPHY vs. ZTRE - Drawdown Comparison

The maximum CPHY drawdown since its inception was -2.51%, which is greater than ZTRE's maximum drawdown of -1.45%. Use the drawdown chart below to compare losses from any high point for CPHY and ZTRE.

Drawdown Indicators

	CPHY	ZTRE	Difference
Max Drawdown Largest peak-to-trough decline	-2.51%	-1.45%	-1.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.45%	—
Current Drawdown Current decline from peak	-0.56%	-0.10%	-0.46%
Average Drawdown Average peak-to-trough decline	-0.54%	-0.21%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.37%	—

Volatility

Volatility by Period

	CPHY	ZTRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	1.93%	+1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.45%	2.10%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.45%	2.10%	+1.35%

CPHY vs. ZTRE - Expense Ratio Comparison

CPHY has a 0.35% expense ratio, which is higher than ZTRE's 0.15% expense ratio.

Dividends

CPHY vs. ZTRE - Dividend Comparison

CPHY has not paid dividends to shareholders, while ZTRE's dividend yield for the trailing twelve months is around 4.56%.

Position	TTM	2025	2024
CPHY F/m Compoundr High Yield Bond ETF	0.00%	0.00%	0.00%
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF	4.23%	4.37%	0.39%

Frequently Asked Questions

Can I hold both CPHY and ZTRE in my portfolio?

CPHY and ZTRE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPHY or ZTRE?

On fees, ZTRE 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, CPHY or ZTRE?

ZTRE is cheaper with a 0.15% expense ratio, compared with 0.35% for CPHY.

Which ETF pays a higher dividend yield, CPHY or ZTRE?

ZTRE has the higher dividend yield at 4.23%, compared with 0.00% for CPHY.

What is the main difference between CPHY and ZTRE?

CPHY is categorized as High Yield Bonds, while ZTRE is Short-Term Bond. CPHY tracks Nasdaq Compoundr U.S. High Yield Bond Index, while ZTRE tracks ICE 3-Year US Target Maturity Corporate Index - Benchmark TR Gross. Their fees differ too: 0.35% for CPHY and 0.15% for ZTRE.