XTWY vs. ZTEN
XTWY (BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF) and ZTEN (F/M 10-Year Investment Grade Corporate Bond ETF) are both exchange-traded funds - XTWY is a Government Bonds fund tracking the Bloomberg US Treasury 20 Year Target Duration Index, while ZTEN is a Long-Term Bond fund tracking the ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross. Both are passively managed. Over the past year, XTWY returned -4.02% vs 2.26% for ZTEN. Their correlation of 0.85 means they have usually moved in the same direction. XTWY charges 0.12%/yr vs 0.15%/yr for ZTEN.
Performance
XTWY vs. ZTEN - Performance Comparison
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Returns By Period
In the year-to-date period, XTWY achieves a -4.63% return, which is significantly lower than ZTEN's -0.89% return.
XTWY
- 1D
- -0.90%
- 1M
- -5.01%
- 6M
- -4.62%
- YTD
- -4.63%
- 1Y
- -4.02%
- 3Y*
- -3.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.67%
ZTEN
- 1D
- -0.27%
- 1M
- -1.69%
- 6M
- -1.01%
- YTD
- -0.89%
- 1Y
- 2.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.02M | $1.21M | $1.83M | |
| $44.87K | $43.88K | $108.71K |
XTWY vs. ZTEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -4.63% | 2.52% | -2.58% |
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | -0.89% | 9.15% | 0.29% |
Correlation
The correlation between XTWY and ZTEN is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024 | 0.85 |
The correlation between XTWY and ZTEN has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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Return for Risk
XTWY vs. ZTEN — Risk / Return Rank
XTWY
ZTEN
XTWY vs. ZTEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) and F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN). 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.
| XTWY | ZTEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.11 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.98 | -1.24 |
| Martin ratioReturn relative to average drawdown | -0.57 | 2.72 | -3.28 |
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Drawdowns
XTWY vs. ZTEN - Drawdown Comparison
The maximum XTWY drawdown since its inception was -25.92%, which is greater than ZTEN's maximum drawdown of -3.43%. Use the drawdown chart below to compare losses from any high point for XTWY and ZTEN.
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Drawdown Indicators
| XTWY | ZTEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.92% | -3.43% | -22.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.89% | -3.32% | -6.57% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | — | — |
Current DrawdownCurrent decline from peak | -18.88% | -2.50% | -16.38% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -0.86% | -11.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 1.19% | +3.40% |
Volatility
XTWY vs. ZTEN - Volatility Comparison
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a higher volatility of 3.06% compared to F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) at 1.35%. This indicates that XTWY's price experiences larger fluctuations and is considered to be riskier than ZTEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTWY | ZTEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 1.35% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 4.01% | +4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 4.96% | +6.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 5.72% | +11.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 5.72% | +11.69% |
XTWY vs. ZTEN - Expense Ratio Comparison
XTWY has a 0.13% expense ratio, which is lower than ZTEN's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XTWY vs. ZTEN - Dividend Comparison
XTWY's dividend yield for the trailing twelve months is around 4.93%, less than ZTEN's 5.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 4.49% | 4.56% | 4.65% | 3.86% | 1.08% |
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 5.13% | 5.16% | 0.44% | 0.00% | 0.00% |
Frequently Asked Questions
XTWY and ZTEN have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTWY has higher volatility (3.06%) compared to ZTEN (1.35%). In terms of maximum drawdown, XTWY dropped -25.92% vs ZTEN's -3.43%.
On 1-year performance, ZTEN leads with 2.26% vs -4.02% for XTWY. On fees, XTWY is cheaper at 0.12% per year. On volatility, ZTEN has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ZTEN has performed better with a 2.26% return vs -4.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTWY is cheaper with a 0.12% expense ratio, compared with 0.15% for ZTEN.
ZTEN has the higher dividend yield at 5.13%, compared with 4.49% for XTWY.
XTWY is categorized as Government Bonds, while ZTEN is Long-Term Bond. XTWY tracks Bloomberg US Treasury 20 Year Target Duration Index, while ZTEN tracks ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross. They also come from different issuers: BondBloxx and F/m. Their fees differ too: 0.12% for XTWY and 0.15% for ZTEN.
ZTEN currently has the higher Sharpe Ratio (0.65 vs -0.23), 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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