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 -2.02%/yr vs -7.96%/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 -6.92% return, which is significantly lower than ZROZ's -3.01% return.
TYA
- 1D
- -1.24%
- 1M
- -2.13%
- 6M
- -6.77%
- YTD
- -6.92%
- 1Y
- -1.32%
- 3Y*
- -2.02%
- 5Y*
- —
- 10Y*
- —
ZROZ
- 1D
- -0.75%
- 1M
- -2.91%
- 6M
- -3.55%
- YTD
- -3.01%
- 1Y
- 0.40%
- 3Y*
- -7.96%
- 5Y*
- -13.29%
- 10Y*
- -4.99%
TYA vs. ZROZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | -6.92% | 14.38% | -9.63% | -2.23% | -37.62% | -0.80% |
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | -3.01% | -1.84% | -16.18% | 1.19% | -41.28% | 3.25% |
Correlation
The correlation between TYA and ZROZ is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.82 |
The correlation between TYA and ZROZ has been stable across timeframes, ranging from 0.75 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.
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.
| TYA | ZROZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.02 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.03 | -0.14 |
| Martin ratioReturn relative to average drawdown | -0.26 | 0.06 | -0.33 |
Loading charts...
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 | -20.94% | -28.21% | +7.27% |
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 | -42.62% | -60.72% | +18.10% |
Average DrawdownAverage peak-to-trough decline | -35.94% | -24.26% | -11.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 6.58% | -1.57% |
Volatility
TYA vs. ZROZ - Volatility Comparison
The current volatility for Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) is 4.27%, while PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) has a volatility of 4.76%. 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 | 4.27% | 4.76% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 11.09% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 15.54% | -2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 23.81% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 21.96% | -1.52% |
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 3.79%, less than ZROZ's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYA Simplify Intermediate Term Treasury Futures Strategy ETF | 3.79% | 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 | 5.35% | 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 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZROZ has higher volatility (4.76%) compared to TYA (4.27%). In terms of maximum drawdown, TYA dropped -51.15% vs ZROZ's -62.93%.
On 3-year performance, TYA leads with -2.02% vs -7.96% for ZROZ. Both ETFs have the same 0.15% expense ratio. On volatility, TYA has been the lower-risk option at 4.27%. 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 -2.02% return vs -7.96%. 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 5.35%, compared with 3.79% for TYA.
They also come from different issuers: Simplify and PIMCO.
ZROZ currently has the higher Sharpe Ratio (0.03 vs -0.11), 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