ZHOG vs. EUSB

Last updated Jun 4, 2026

ZHOG (F/m Opportunistic Income ETF) and EUSB (iShares ESG Advanced Total USD Bond Market ETF) are both Intermediate Core-Plus Bond funds. ZHOG is actively managed, while EUSB is passively managed. Over the past year, ZHOG returned 5.54% vs 5.15% for EUSB. Their correlation of 0.83 suggests significant overlap in exposure. ZHOG charges 0.43%/yr vs 0.12%/yr for EUSB.

Performance

ZHOG vs. EUSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Opportunistic Income ETF (ZHOG) and iShares ESG Advanced Total USD Bond Market ETF (EUSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZHOG achieves a 0.77% return, which is significantly higher than EUSB's 0.13% return.

ZHOG

• 1D: -0.05%
• 1M: 0.18%
• YTD: 0.77%
• 6M: 1.11%
• 1Y: 5.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EUSB

• 1D: -0.20%
• 1M: 0.27%
• YTD: 0.13%
• 6M: 0.19%
• 1Y: 5.15%
• 3Y*: 4.27%
• 5Y*: 0.34%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZHOG vs. EUSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ZHOG F/m Opportunistic Income ETF	0.77%	5.98%	4.94%	5.92%
EUSB iShares ESG Advanced Total USD Bond Market ETF	0.13%	7.45%	1.83%	5.13%

Correlation

The correlation between ZHOG and EUSB is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Sep 7, 2023	0.83

The correlation between ZHOG and EUSB has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

Return for Risk

ZHOG vs. EUSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZHOG

ZHOG Risk / Return Rank: 90
ZHOG Sharpe Ratio Rank: 93
ZHOG Sortino Ratio Rank: 96
ZHOG Omega Ratio Rank: 95
ZHOG Calmar Ratio Rank: 82
ZHOG Martin Ratio Rank: 87

EUSB

EUSB Risk / Return Rank: 41
EUSB Sharpe Ratio Rank: 40
EUSB Sortino Ratio Rank: 43
EUSB Omega Ratio Rank: 39
EUSB Calmar Ratio Rank: 42
EUSB Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZHOG vs. EUSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Opportunistic Income ETF (ZHOG) and iShares ESG Advanced Total USD Bond Market ETF (EUSB). 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.

	ZHOG	EUSB	Difference
Sharpe ratio: Return per unit of total volatility	3.50	1.45	+2.05
Sortino ratio: Return per unit of downside risk	5.53	2.19	+3.33
Omega ratio: Gain probability vs. loss probability	1.72	1.26	+0.47
Calmar ratio: Return relative to maximum drawdown	4.25	2.09	+2.16
Martin ratio: Return relative to average drawdown	18.40	6.26	+12.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZHOG vs. EUSB - Sharpe Ratio Comparison

The current ZHOG Sharpe Ratio is 3.50, which is higher than the EUSB Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of ZHOG and EUSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZHOG	EUSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.50	1.45	+2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	0.04	+1.58

Drawdowns

ZHOG vs. EUSB - Drawdown Comparison

The maximum ZHOG drawdown since its inception was -3.66%, smaller than the maximum EUSB drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for ZHOG and EUSB.

Drawdown Indicators

	ZHOG	EUSB	Difference
Max Drawdown Largest peak-to-trough decline	-3.66%	-17.87%	+14.21%
Max Drawdown (1Y) Largest decline over 1 year	-1.31%	-2.48%	+1.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.45%	—
Current Drawdown Current decline from peak	-0.08%	-1.36%	+1.28%
Average Drawdown Average peak-to-trough decline	-0.70%	-6.50%	+5.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	0.82%	-0.52%

Volatility

ZHOG vs. EUSB - Volatility Comparison

The current volatility for F/m Opportunistic Income ETF (ZHOG) is 0.45%, while iShares ESG Advanced Total USD Bond Market ETF (EUSB) has a volatility of 1.17%. This indicates that ZHOG experiences smaller price fluctuations and is considered to be less risky than EUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZHOG	EUSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.45%	1.17%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	1.14%	2.49%	-1.35%
Volatility (1Y) Calculated over the trailing 1-year period	1.59%	3.57%	-1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.01%	5.77%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.01%	5.41%	-1.40%

ZHOG vs. EUSB - Expense Ratio Comparison

ZHOG has a 0.43% expense ratio, which is higher than EUSB's 0.12% expense ratio.

Dividends

ZHOG vs. EUSB - Dividend Comparison

ZHOG's dividend yield for the trailing twelve months is around 5.11%, more than EUSB's 3.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EUSB iShares ESG Advanced Total USD Bond Market ETF	3.97%	3.84%	3.67%	3.08%	2.21%	1.10%	0.57%
ZHOG F/m Opportunistic Income ETF	5.11%	5.35%	5.50%	1.70%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZHOG and EUSB in my portfolio?

ZHOG and EUSB have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZHOG or EUSB?

EUSB has higher volatility (1.17%) compared to ZHOG (0.45%). In terms of maximum drawdown, ZHOG dropped -3.66% vs EUSB's -17.87%.

Which ETF is better, ZHOG or EUSB?

On 1-year performance, ZHOG leads with 5.54% vs 5.15% for EUSB. On fees, EUSB is cheaper at 0.12% per year. On volatility, ZHOG has been the lower-risk option at 0.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZHOG or EUSB?

Over the 1-year period, ZHOG has performed better with a 5.54% return vs 5.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZHOG or EUSB?

EUSB is cheaper with a 0.12% expense ratio, compared with 0.43% for ZHOG.

Which ETF pays a higher dividend yield, ZHOG or EUSB?

ZHOG has the higher dividend yield at 5.11%, compared with 3.97% for EUSB.

What is the main difference between ZHOG and EUSB?

They also come from different issuers: F/m Investments and iShares. Their fees differ too: 0.43% for ZHOG and 0.12% for EUSB.

Which has better risk-adjusted returns?

ZHOG currently has the higher Sharpe Ratio (3.50 vs 1.45), 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.