TYA vs. ZROZ
TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) and ZROZ (PIMCO 25+ Year Zero Coupon US Treasury Index Fund) are both Government Bonds funds. TYA is actively managed, while ZROZ is passively managed. Over the past 3 years, TYA returned -2.45%/yr vs -7.39%/yr for ZROZ. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
TYA vs. ZROZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TYA achieves a -5.08% return, which is significantly lower than ZROZ's -1.07% return.
TYA
- 1D
- -0.63%
- 1M
- -0.93%
- YTD
- -5.08%
- 6M
- -6.88%
- 1Y
- 2.03%
- 3Y*
- -2.45%
- 5Y*
- —
- 10Y*
- —
ZROZ
- 1D
- -0.48%
- 1M
- 1.55%
- YTD
- -1.07%
- 6M
- -4.36%
- 1Y
- 3.89%
- 3Y*
- -7.39%
- 5Y*
- -11.62%
- 10Y*
- -4.15%
TYA vs. ZROZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | -5.08% | 14.38% | -9.63% | -2.23% | -37.62% | -0.68% |
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | -1.07% | -1.84% | -16.18% | 1.19% | -41.28% | 5.63% |
Correlation
The correlation between TYA and ZROZ is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.82 |
The correlation between TYA and ZROZ has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TYA vs. ZROZ — Risk / Return Rank
TYA
ZROZ
TYA vs. ZROZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) 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.
| TYA | ZROZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.05 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.28 | -0.11 |
| Martin ratioReturn relative to average drawdown | 0.49 | 0.64 | -0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TYA | ZROZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 0.24 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | 0.09 | -0.60 |
Drawdowns
TYA vs. ZROZ - Drawdown Comparison
The maximum TYA drawdown since its inception was -51.15%, smaller than the maximum ZROZ drawdown of -62.93%. Use the drawdown chart below to compare losses from any high point for TYA and ZROZ.
Loading charts...
Drawdown Indicators
| TYA | ZROZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.15% | -62.93% | +11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -14.02% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -22.51% | -28.62% | +6.11% |
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 | -41.49% | -59.93% | +18.44% |
Average DrawdownAverage peak-to-trough decline | -35.85% | -24.04% | -11.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 6.12% | -1.95% |
Volatility
TYA vs. ZROZ - Volatility Comparison
The current volatility for Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) is 4.11%, while PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) has a volatility of 4.46%. This indicates that TYA 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.
Loading charts...
Volatility by Period
| TYA | ZROZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 4.46% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | 10.54% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 16.25% | -3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.57% | 23.90% | -3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.57% | 22.06% | -1.49% |
TYA vs. ZROZ - Expense Ratio Comparison
Both TYA and ZROZ 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
TYA vs. ZROZ - Dividend Comparison
TYA's dividend yield for the trailing twelve months is around 3.87%, less than ZROZ's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | 3.87% | 3.85% | 4.84% | 4.28% | 2.23% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | 5.15% | 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
TYA and ZROZ have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZROZ has higher volatility (4.46%) compared to TYA (4.11%). In terms of maximum drawdown, TYA dropped -51.15% vs ZROZ's -62.93%.
On 3-year performance, TYA leads with -2.45% vs -7.39% for ZROZ. Both ETFs have the same 0.15% expense ratio. On volatility, TYA has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TYA has performed better with a -2.45% return vs -7.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TYA and ZROZ have the same expense ratio: 0.15% per year.
ZROZ has the higher dividend yield at 5.15%, compared with 3.87% for TYA.
They also come from different issuers: Simplify and PIMCO.
ZROZ currently has the higher Sharpe Ratio (0.24 vs 0.16), 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.
Find the right allocation for TYA and ZROZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer