ZROZ vs. MURGY
ZROZ (PIMCO 25+ Year Zero Coupon US Treasury Index Fund) is Government Bonds fund tracking the ICE BofA Long U.S. Treasury Principal STRIPS Index, while MURGY (Muenchener Rueckver Ges) is a stock. Over the past 10 years, ZROZ returned -5.08%/yr vs 18.87%/yr for MURGY. At a correlation of -0.18, they often move in opposite directions.
Performance
ZROZ vs. MURGY - Performance Comparison
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Returns By Period
In the year-to-date period, ZROZ achieves a -3.79% return, which is significantly higher than MURGY's -6.54% return. Over the past 10 years, ZROZ has underperformed MURGY with an annualized return of -5.08%, while MURGY has yielded a comparatively higher 18.87% annualized return.
ZROZ
- 1D
- -1.16%
- 1M
- -5.86%
- 6M
- -4.80%
- YTD
- -3.79%
- 1Y
- 1.09%
- 3Y*
- -8.49%
- 5Y*
- -13.64%
- 10Y*
- -5.08%
- ALL TIME*
- 1.92%
MURGY
- 1D
- -0.42%
- 1M
- 11.24%
- 6M
- 0.96%
- YTD
- -6.54%
- 1Y
- -7.52%
- 3Y*
- 20.20%
- 5Y*
- 21.53%
- 10Y*
- 18.87%
- ALL TIME*
- 15.07%
ZROZ vs. MURGY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | -3.79% | -1.84% | -16.18% | 1.19% | -41.28% | -5.22% | 24.57% | 21.22% | -5.43% | 14.77% |
MURGY Muenchener Rueckver Ges | -6.54% | 36.01% | 23.53% | 34.32% | 14.50% | 2.58% | 4.34% | 38.79% | 4.17% | 28.67% |
Correlation
The correlation between ZROZ and MURGY is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2009 | -0.18 |
The correlation between ZROZ and MURGY shifts across timeframes, from -0.18 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZROZ vs. MURGY — Risk / Return Rank
ZROZ
MURGY
ZROZ vs. MURGY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) and Muenchener Rueckver Ges (MURGY). 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.
| ZROZ | MURGY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.96 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | -0.30 | +0.38 |
| Martin ratioReturn relative to average drawdown | 0.16 | -0.60 | +0.76 |
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Drawdowns
ZROZ vs. MURGY - Drawdown Comparison
The maximum ZROZ drawdown since its inception was -62.93%, which is greater than MURGY's maximum drawdown of -48.01%. Use the drawdown chart below to compare losses from any high point for ZROZ and MURGY.
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Drawdown Indicators
| ZROZ | MURGY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.93% | -48.01% | -14.92% |
Max Drawdown (1Y)Largest decline over 1 year | -14.02% | -25.23% | +11.21% |
Max Drawdown (3Y)Largest decline over 3 years | -27.10% | -25.23% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -57.98% | -29.54% | -28.44% |
Max Drawdown (10Y)Largest decline over 10 years | -62.93% | -48.01% | -14.92% |
Current DrawdownCurrent decline from peak | -61.03% | -12.88% | -48.15% |
Average DrawdownAverage peak-to-trough decline | -24.30% | -8.75% | -15.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.77% | 12.66% | -5.89% |
Volatility
ZROZ vs. MURGY - Volatility Comparison
The current volatility for PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) is 4.10%, while Muenchener Rueckver Ges (MURGY) has a volatility of 4.97%. This indicates that ZROZ experiences smaller price fluctuations and is considered to be less risky than MURGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZROZ | MURGY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 4.97% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 16.78% | -5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 22.48% | -6.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.75% | 24.32% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.95% | 25.63% | -3.68% |
Dividends
ZROZ vs. MURGY - Dividend Comparison
ZROZ's dividend yield for the trailing twelve months is around 5.39%, more than MURGY's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MURGY Muenchener Rueckver Ges | 4.71% | 3.31% | 3.21% | 2.98% | 3.73% | 2.68% | 2.50% | 2.44% | 3.39% | 10.17% | 9.45% | 4.25% |
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | 5.39% | 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
ZROZ and MURGY have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MURGY has higher volatility (4.97%) compared to ZROZ (4.10%). In terms of maximum drawdown, ZROZ dropped -62.93% vs MURGY's -48.01%.
ZROZ currently has the higher Sharpe Ratio (0.07 vs -0.34), 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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