THTA vs. ZROZ
THTA (SoFi Enhanced Yield ETF) and ZROZ (PIMCO 25+ Year Zero Coupon US Treasury Index Fund) are both exchange-traded funds - THTA is a Derivative Income fund actively managed by SoFi, while ZROZ is a Government Bonds fund tracking the ICE BofA Long U.S. Treasury Principal STRIPS Index. THTA is actively managed, while ZROZ is passively managed. Over the past year, THTA returned 16.95% vs -7.03% for ZROZ. Their 0.05 correlation means their historical movements had little consistent relationship. THTA charges 0.49%/yr vs 0.15%/yr for ZROZ.
Performance
THTA vs. ZROZ - Performance Comparison
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Returns By Period
In the year-to-date period, THTA achieves a 9.58% return, which is significantly higher than ZROZ's -6.72% return.
THTA
- 1D
- 0.07%
- 1M
- 1.44%
- 6M
- 7.96%
- YTD
- 9.58%
- 1Y
- 16.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.38%
ZROZ
- 1D
- 0.55%
- 1M
- -6.69%
- 6M
- -5.48%
- YTD
- -6.72%
- 1Y
- -7.03%
- 3Y*
- -6.85%
- 5Y*
- -14.64%
- 10Y*
- -5.34%
- ALL TIME*
- 1.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $796.37K | $899.50K | $774.37K | |
| $39.17M | $45.09M | $39.93M |
THTA vs. ZROZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
THTA SoFi Enhanced Yield ETF | 9.58% | -10.24% | 7.31% | 0.99% |
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | -6.72% | -1.84% | -16.18% | 17.02% |
Correlation
The correlation between THTA and ZROZ is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2023 | 0.05 |
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Return for Risk
THTA vs. ZROZ — Risk / Return Rank
THTA
ZROZ
THTA vs. ZROZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SoFi Enhanced Yield ETF (THTA) 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.
| THTA | ZROZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.22 | ||
| Sortino ratioReturn per unit of downside risk | +4.71 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 0.94 | +0.76 |
| Calmar ratioReturn relative to maximum drawdown | 6.45 | -0.47 | +6.93 |
| Martin ratioReturn relative to average drawdown | 47.72 | -0.97 | +48.70 |
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Drawdowns
THTA vs. ZROZ - Drawdown Comparison
The maximum THTA drawdown since its inception was -31.41%, smaller than the maximum ZROZ drawdown of -62.93%. Use the drawdown chart below to compare losses from any high point for THTA and ZROZ.
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Drawdown Indicators
| THTA | ZROZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.41% | -62.93% | +31.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -14.90% | +12.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.42% | — |
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 | -4.42% | -62.22% | +57.80% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -24.39% | +16.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 7.23% | -6.87% |
Volatility
THTA vs. ZROZ - Volatility Comparison
The current volatility for SoFi Enhanced Yield ETF (THTA) is 2.29%, while PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) has a volatility of 4.28%. This indicates that THTA 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
| THTA | ZROZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 4.28% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 11.04% | -7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.19% | 15.38% | -9.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.68% | 23.76% | -4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.68% | 21.96% | -2.28% |
THTA vs. ZROZ - Expense Ratio Comparison
THTA has a 0.49% expense ratio, which is higher than ZROZ's 0.15% expense ratio.
Dividends
THTA vs. ZROZ - Dividend Comparison
THTA's dividend yield for the trailing twelve months is around 10.90%, more than ZROZ's 5.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THTA SoFi Enhanced Yield ETF | 10.90% | 12.66% | 12.44% | 0.58% | 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 | 5.56% | 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
THTA and ZROZ have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZROZ has higher volatility (4.28%) compared to THTA (2.29%). In terms of maximum drawdown, THTA dropped -31.41% vs ZROZ's -62.93%.
On 1-year performance, THTA leads with 16.95% vs -7.03% for ZROZ. On fees, ZROZ is cheaper at 0.15% per year. On volatility, THTA has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, THTA has performed better with a 16.95% return vs -7.03%. 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 0.49% for THTA.
THTA has the higher dividend yield at 10.90%, compared with 5.56% for ZROZ.
THTA is categorized as Derivative Income, while ZROZ is Government Bonds. They also come from different issuers: SoFi and PIMCO. Their fees differ too: 0.49% for THTA and 0.15% for ZROZ.
THTA currently has the higher Sharpe Ratio (2.76 vs -0.46), 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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