SJCP vs. ZHOG

Last updated Jun 24, 2026

SJCP (SanJac Alpha Core Plus Bond ETF) and ZHOG (F/m Opportunistic Income ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, SJCP returned 4.21% vs 4.74% for ZHOG. At a 0.34 correlation, their price movements are largely independent. SJCP charges 0.65%/yr vs 0.43%/yr for ZHOG.

Performance

SJCP vs. ZHOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SanJac Alpha Core Plus Bond ETF (SJCP) and F/m Opportunistic Income ETF (ZHOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SJCP achieves a 0.72% return, which is significantly lower than ZHOG's 0.81% return.

SJCP

• 1D: -0.22%
• 1M: 0.27%
• YTD: 0.72%
• 6M: 0.82%
• 1Y: 4.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZHOG

• 1D: 0.06%
• 1M: 0.37%
• YTD: 0.81%
• 6M: 1.02%
• 1Y: 4.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SJCP vs. ZHOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SJCP SanJac Alpha Core Plus Bond ETF	0.72%	6.27%	-0.16%
ZHOG F/m Opportunistic Income ETF	0.81%	5.98%	-1.15%

Correlation

The correlation between SJCP and ZHOG is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.34

Return for Risk

SJCP vs. ZHOG — Risk / Return Rank

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

SJCP

SJCP Risk / Return Rank: 55
SJCP Sharpe Ratio Rank: 55
SJCP Sortino Ratio Rank: 56
SJCP Omega Ratio Rank: 66
SJCP Calmar Ratio Rank: 46
SJCP Martin Ratio Rank: 54

ZHOG

ZHOG Risk / Return Rank: 88
ZHOG Sharpe Ratio Rank: 92
ZHOG Sortino Ratio Rank: 95
ZHOG Omega Ratio Rank: 93
ZHOG Calmar Ratio Rank: 76
ZHOG Martin Ratio Rank: 83

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.

SJCP vs. ZHOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SanJac Alpha Core Plus Bond ETF (SJCP) and F/m Opportunistic Income ETF (ZHOG). 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.

	SJCP	ZHOG	Difference
Sharpe ratio: Return per unit of total volatility	1.69	3.01	-1.32
Sortino ratio: Return per unit of downside risk	2.44	4.63	-2.20
Omega ratio: Gain probability vs. loss probability	1.36	1.60	-0.24
Calmar ratio: Return relative to maximum drawdown	2.10	3.64	-1.54
Martin ratio: Return relative to average drawdown	8.50	15.65	-7.15

SJCP vs. ZHOG - Sharpe Ratio Comparison

The current SJCP Sharpe Ratio is 1.69, which is lower than the ZHOG Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of SJCP and ZHOG, 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

SJCP vs. ZHOG - Drawdown Comparison

The maximum SJCP drawdown since its inception was -2.01%, smaller than the maximum ZHOG drawdown of -3.66%. Use the drawdown chart below to compare losses from any high point for SJCP and ZHOG.

Drawdown Indicators

	SJCP	ZHOG	Difference
Max Drawdown Largest peak-to-trough decline	-2.01%	-3.66%	+1.65%
Max Drawdown (1Y) Largest decline over 1 year	-2.01%	-1.31%	-0.70%
Current Drawdown Current decline from peak	-0.60%	-0.22%	-0.38%
Average Drawdown Average peak-to-trough decline	-0.27%	-0.69%	+0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	0.30%	+0.20%

Volatility

SJCP vs. ZHOG - Volatility Comparison

SanJac Alpha Core Plus Bond ETF (SJCP) has a higher volatility of 0.96% compared to F/m Opportunistic Income ETF (ZHOG) at 0.47%. This indicates that SJCP's price experiences larger fluctuations and is considered to be riskier than ZHOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SJCP	ZHOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.96%	0.47%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	1.88%	1.19%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	2.52%	1.58%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.43%	3.98%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.43%	3.98%	-1.55%

SJCP vs. ZHOG - Expense Ratio Comparison

SJCP has a 0.65% expense ratio, which is higher than ZHOG's 0.43% expense ratio.

Dividends

SJCP vs. ZHOG - Dividend Comparison

SJCP's dividend yield for the trailing twelve months is around 3.81%, less than ZHOG's 5.11% yield.

Position	TTM	2025	2024	2023
SJCP SanJac Alpha Core Plus Bond ETF	3.81%	4.05%	1.40%	0.00%
ZHOG F/m Opportunistic Income ETF	5.11%	5.35%	5.50%	1.70%

Frequently Asked Questions

Can I hold both SJCP and ZHOG in my portfolio?

SJCP and ZHOG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SJCP or ZHOG?

SJCP has higher volatility (0.96%) compared to ZHOG (0.47%). In terms of maximum drawdown, SJCP dropped -2.01% vs ZHOG's -3.66%.

Which ETF is better, SJCP or ZHOG?

On 1-year performance, ZHOG leads with 4.74% vs 4.21% for SJCP. On fees, ZHOG is cheaper at 0.43% per year. On volatility, ZHOG has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SJCP or ZHOG?

Over the 1-year period, ZHOG has performed better with a 4.74% return vs 4.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SJCP or ZHOG?

ZHOG is cheaper with a 0.43% expense ratio, compared with 0.65% for SJCP.

Which ETF pays a higher dividend yield, SJCP or ZHOG?

ZHOG has the higher dividend yield at 5.11%, compared with 3.81% for SJCP.

What is the main difference between SJCP and ZHOG?

They also come from different issuers: SanJac Alpha and F/m Investments. Their fees differ too: 0.65% for SJCP and 0.43% for ZHOG.

Which has better risk-adjusted returns?

ZHOG currently has the higher Sharpe Ratio (3.01 vs 1.69), 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.