LODI vs. ZTRE

Last updated Jul 14, 2026

LODI (AAM SLC Low Duration Income ETF) and ZTRE (F/M 3-Year Investment Grade Corporate Bond ETF) are both Short-Term Bond funds. LODI is actively managed, while ZTRE is passively managed. Over the past year, LODI returned 5.05% vs 3.41% for ZTRE. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.

Performance

LODI vs. ZTRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM SLC Low Duration Income ETF (LODI) 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, LODI achieves a 2.22% return, which is significantly higher than ZTRE's 0.42% return.

LODI

• 1D: -0.02%
• 1M: 0.30%
• 6M: 2.12%
• YTD: 2.22%
• 1Y: 5.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZTRE

• 1D: -0.26%
• 1M: -0.24%
• 6M: 0.42%
• YTD: 0.42%
• 1Y: 3.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LODI vs. ZTRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LODI AAM SLC Low Duration Income ETF	2.22%	6.04%	0.33%
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF	0.42%	6.60%	0.32%

Correlation

The correlation between LODI and ZTRE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024	0.53

The correlation between LODI and ZTRE has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.

Return for Risk

LODI vs. ZTRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LODI

LODI Risk / Return Rank: 92
LODI Sharpe Ratio Rank: 87
LODI Sortino Ratio Rank: 90
LODI Omega Ratio Rank: 94
LODI Calmar Ratio Rank: 96
LODI Martin Ratio Rank: 92

ZTRE

ZTRE Risk / Return Rank: 69
ZTRE Sharpe Ratio Rank: 70
ZTRE Sortino Ratio Rank: 75
ZTRE Omega Ratio Rank: 74
ZTRE Calmar Ratio Rank: 59
ZTRE Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LODI vs. ZTRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM SLC Low Duration Income ETF (LODI) 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.

	LODI	ZTRE	Difference
Sharpe ratio: Return per unit of total volatility	2.23	1.79	+0.44
Sortino ratio: Return per unit of downside risk	3.33	2.69	+0.64
Omega ratio: Gain probability vs. loss probability	1.56	1.35	+0.21
Calmar ratio: Return relative to maximum drawdown	6.78	2.36	+4.43
Martin ratio: Return relative to average drawdown	17.86	9.41	+8.45

LODI vs. ZTRE - Sharpe Ratio Comparison

The current LODI Sharpe Ratio is 2.23, which is comparable to the ZTRE Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of LODI and ZTRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LODI vs. ZTRE - Drawdown Comparison

The maximum LODI drawdown since its inception was -1.01%, smaller than the maximum ZTRE drawdown of -1.45%. Use the drawdown chart below to compare losses from any high point for LODI and ZTRE.

Drawdown Indicators

	LODI	ZTRE	Difference
Max Drawdown Largest peak-to-trough decline	-1.01%	-1.45%	+0.44%
Max Drawdown (1Y) Largest decline over 1 year	-0.75%	-1.45%	+0.70%
Current Drawdown Current decline from peak	-0.08%	-0.47%	+0.39%
Average Drawdown Average peak-to-trough decline	-0.20%	-0.20%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	0.36%	-0.08%

Volatility

LODI vs. ZTRE - Volatility Comparison

The current volatility for AAM SLC Low Duration Income ETF (LODI) is 0.38%, while F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) has a volatility of 0.69%. This indicates that LODI experiences smaller price fluctuations and is considered to be less risky than ZTRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LODI	ZTRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	0.69%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	1.14%	1.54%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	2.28%	1.92%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.29%	2.11%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.29%	2.11%	+0.18%

LODI vs. ZTRE - Expense Ratio Comparison

Both LODI and ZTRE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

LODI vs. ZTRE - Dividend Comparison

LODI's dividend yield for the trailing twelve months is around 4.97%, more than ZTRE's 4.20% yield.

Position	TTM	2025	2024
LODI AAM SLC Low Duration Income ETF	4.97%	5.11%	0.38%
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF	4.20%	4.37%	0.39%

Frequently Asked Questions

Can I hold both LODI and ZTRE in my portfolio?

LODI and ZTRE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LODI or ZTRE?

ZTRE has higher volatility (0.69%) compared to LODI (0.38%). In terms of maximum drawdown, LODI dropped -1.01% vs ZTRE's -1.45%.

Which ETF is better, LODI or ZTRE?

On 1-year performance, LODI leads with 5.05% vs 3.41% for ZTRE. Both ETFs have the same 0.15% expense ratio. On volatility, LODI has been the lower-risk option at 0.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LODI or ZTRE?

Over the 1-year period, LODI has performed better with a 5.05% return vs 3.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LODI or ZTRE?

LODI and ZTRE have the same expense ratio: 0.15% per year.

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

LODI has the higher dividend yield at 4.97%, compared with 4.20% for ZTRE.

What is the main difference between LODI and ZTRE?

They also come from different issuers: AAM and F/m.

Which has better risk-adjusted returns?

LODI currently has the higher Sharpe Ratio (2.23 vs 1.79), 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.