UFIV vs. ZROZ
UFIV (F/m US Treasury 5 Year Note ETF) and ZROZ (PIMCO 25+ Year Zero Coupon US Treasury Index Fund) are both Government Bonds funds - UFIV tracks the ICE BofA Current 5-Year US Treasury Index - Benchmark TR Gross while ZROZ tracks the ICE BofA Long U.S. Treasury Principal STRIPS Index. Both are passively managed. Over the past 3 years, UFIV returned 3.23%/yr vs -7.55%/yr for ZROZ. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
UFIV vs. ZROZ - Performance Comparison
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Returns By Period
In the year-to-date period, UFIV achieves a -0.73% return, which is significantly lower than ZROZ's 0.97% return.
UFIV
- 1D
- -0.23%
- 1M
- 0.10%
- YTD
- -0.73%
- 6M
- -0.68%
- 1Y
- 2.30%
- 3Y*
- 3.23%
- 5Y*
- —
- 10Y*
- —
ZROZ
- 1D
- -1.20%
- 1M
- 4.33%
- YTD
- 0.97%
- 6M
- 0.53%
- 1Y
- 3.18%
- 3Y*
- -7.55%
- 5Y*
- -11.93%
- 10Y*
- -4.18%
UFIV vs. ZROZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UFIV F/m US Treasury 5 Year Note ETF | -0.73% | 6.89% | 1.09% | 1.80% |
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | 0.97% | -1.84% | -16.18% | -4.95% |
Correlation
The correlation between UFIV and ZROZ is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.76 |
The correlation between UFIV and ZROZ has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
UFIV vs. ZROZ — Risk / Return Rank
UFIV
ZROZ
UFIV vs. ZROZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m US Treasury 5 Year Note ETF (UFIV) 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.
| UFIV | ZROZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.04 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.23 | +0.62 |
| Martin ratioReturn relative to average drawdown | 2.29 | 0.50 | +1.79 |
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Drawdowns
UFIV vs. ZROZ - Drawdown Comparison
The maximum UFIV drawdown since its inception was -5.63%, smaller than the maximum ZROZ drawdown of -62.93%. Use the drawdown chart below to compare losses from any high point for UFIV and ZROZ.
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Drawdown Indicators
| UFIV | ZROZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.63% | -62.93% | +57.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -14.02% | +11.31% |
Max Drawdown (3Y)Largest decline over 3 years | -4.03% | -28.62% | +24.59% |
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 | -2.20% | -59.10% | +56.90% |
Average DrawdownAverage peak-to-trough decline | -1.56% | -24.14% | +22.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 6.39% | -5.38% |
Volatility
UFIV vs. ZROZ - Volatility Comparison
The current volatility for F/m US Treasury 5 Year Note ETF (UFIV) is 0.99%, while PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) has a volatility of 3.60%. This indicates that UFIV 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
| UFIV | ZROZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 3.60% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 10.77% | -8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 15.76% | -12.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.37% | 23.83% | -19.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 22.06% | -17.69% |
UFIV vs. ZROZ - Expense Ratio Comparison
Both UFIV 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
UFIV vs. ZROZ - Dividend Comparison
UFIV's dividend yield for the trailing twelve months is around 3.58%, less than ZROZ's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UFIV F/m US Treasury 5 Year Note ETF | 3.58% | 3.66% | 4.00% | 2.96% | 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 | 5.04% | 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
UFIV and ZROZ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZROZ has higher volatility (3.60%) compared to UFIV (0.99%). In terms of maximum drawdown, UFIV dropped -5.63% vs ZROZ's -62.93%.
On 3-year performance, UFIV leads with 3.23% vs -7.55% for ZROZ. Both ETFs have the same 0.15% expense ratio. On volatility, UFIV has been the lower-risk option at 0.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UFIV has performed better with a 3.23% return vs -7.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UFIV and ZROZ have the same expense ratio: 0.15% per year.
ZROZ has the higher dividend yield at 5.04%, compared with 3.58% for UFIV.
UFIV tracks ICE BofA Current 5-Year US Treasury Index - Benchmark TR Gross, while ZROZ tracks ICE BofA Long U.S. Treasury Principal STRIPS Index. They also come from different issuers: US Benchmark Series and PIMCO.
UFIV currently has the higher Sharpe Ratio (0.72 vs 0.20), 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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