ZROZ vs. PHYS
Compare and contrast key facts about PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) and Sprott Physical Gold Trust (PHYS).
ZROZ is a passively managed fund by PIMCO that tracks the performance of the BofA Merrill Lynch Long Treasury Principal STRIPS Index. It was launched on Oct 30, 2009.
Performance
ZROZ vs. PHYS - Performance Comparison
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ZROZ vs. PHYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | -0.37% | -1.84% | -16.18% | 1.19% | -41.28% | -5.22% | 24.57% | 21.22% | -5.43% | 14.77% |
PHYS Sprott Physical Gold Trust | 7.33% | 63.95% | 26.43% | 12.98% | -1.81% | -4.84% | 23.89% | 18.14% | -2.64% | 12.78% |
Returns By Period
In the year-to-date period, ZROZ achieves a -0.37% return, which is significantly lower than PHYS's 7.33% return. Over the past 10 years, ZROZ has underperformed PHYS with an annualized return of -3.82%, while PHYS has yielded a comparatively higher 13.41% annualized return.
ZROZ
- 1D
- -0.61%
- 1M
- -6.35%
- YTD
- -0.37%
- 6M
- -3.49%
- 1Y
- -6.32%
- 3Y*
- -8.90%
- 5Y*
- -11.00%
- 10Y*
- -3.82%
PHYS
- 1D
- 3.81%
- 1M
- -11.73%
- YTD
- 7.33%
- 6M
- 19.65%
- 1Y
- 47.30%
- 3Y*
- 31.85%
- 5Y*
- 21.17%
- 10Y*
- 13.41%
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Return for Risk
ZROZ vs. PHYS — Risk / Return Rank
ZROZ
PHYS
ZROZ vs. PHYS - 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 Sprott Physical Gold Trust (PHYS). 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.
| ZROZ | PHYS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.33 | 1.67 | -2.00 |
Sortino ratioReturn per unit of downside risk | -0.34 | 2.05 | -2.38 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.31 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | -0.30 | 2.52 | -2.83 |
Martin ratioReturn relative to average drawdown | -0.53 | 9.16 | -9.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZROZ | PHYS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 1.67 | -2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | 1.18 | -1.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | 0.83 | -1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.47 | -0.38 |
Correlation
The correlation between ZROZ and PHYS is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ZROZ vs. PHYS - Dividend Comparison
ZROZ's dividend yield for the trailing twelve months is around 4.98%, while PHYS has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | 4.98% | 4.96% | 4.58% | 3.52% | 2.76% | 1.60% | 1.68% | 2.22% | 2.06% | 2.53% | 3.00% | 2.98% |
PHYS Sprott Physical Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZROZ vs. PHYS - Drawdown Comparison
The maximum ZROZ drawdown since its inception was -62.93%, which is greater than PHYS's maximum drawdown of -48.16%. Use the drawdown chart below to compare losses from any high point for ZROZ and PHYS.
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Drawdown Indicators
| ZROZ | PHYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.93% | -48.16% | -14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.63% | -19.35% | +3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -57.98% | -21.80% | -36.18% |
Max Drawdown (10Y)Largest decline over 10 years | -62.93% | -23.75% | -39.18% |
Current DrawdownCurrent decline from peak | -59.65% | -13.41% | -46.24% |
Average DrawdownAverage peak-to-trough decline | -23.66% | -21.07% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.99% | 5.33% | +3.66% |
Volatility
ZROZ vs. PHYS - Volatility Comparison
The current volatility for PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) is 5.79%, while Sprott Physical Gold Trust (PHYS) has a volatility of 11.34%. This indicates that ZROZ experiences smaller price fluctuations and is considered to be less risky than PHYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZROZ | PHYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 11.34% | -5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 25.16% | -14.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.16% | 28.55% | -9.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.93% | 18.02% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.09% | 16.25% | +5.84% |