ZROZ vs. PSCC

Last updated Jun 7, 2026

ZROZ (PIMCO 25+ Year Zero Coupon US Treasury Index Fund) and PSCC (Invesco S&P SmallCap Consumer Staples ETF) are both exchange-traded funds - ZROZ is a Government Bonds fund tracking the ICE BofA Long U.S. Treasury Principal STRIPS Index, while PSCC is a Consumer Staples Equities fund tracking the S&P Small Cap 600 Capped Consumer Staples. Both are passively managed. Over the past 10 years, ZROZ returned -4.09%/yr vs 6.30%/yr for PSCC. At a correlation of -0.15, they often move in opposite directions. ZROZ charges 0.15%/yr vs 0.29%/yr for PSCC.

Performance

ZROZ vs. PSCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) and Invesco S&P SmallCap Consumer Staples ETF (PSCC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZROZ achieves a -1.22% return, which is significantly lower than PSCC's 7.16% return. Over the past 10 years, ZROZ has underperformed PSCC with an annualized return of -4.09%, while PSCC has yielded a comparatively higher 6.30% annualized return.

ZROZ

• 1D: -0.48%
• 1M: -0.57%
• YTD: -1.22%
• 6M: -2.98%
• 1Y: 2.41%
• 3Y*: -7.65%
• 5Y*: -11.65%
• 10Y*: -4.09%

PSCC

• 1D: 1.46%
• 1M: 0.51%
• YTD: 7.16%
• 6M: 6.18%
• 1Y: -2.82%
• 3Y*: -1.02%
• 5Y*: -0.20%
• 10Y*: 6.30%

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

ZROZ vs. PSCC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund	-1.22%	-1.84%	-16.18%	1.19%	-41.28%	-5.22%	24.57%	21.22%	-5.43%	14.77%
PSCC Invesco S&P SmallCap Consumer Staples ETF	7.16%	-16.47%	0.98%	14.83%	-6.66%	28.82%	11.17%	17.39%	-6.72%	9.72%

Correlation

The correlation between ZROZ and PSCC is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Apr 8, 2010	-0.15

The correlation between ZROZ and PSCC shifts across timeframes, from -0.15 (all time) to 0.17 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

ZROZ vs. PSCC — Risk / Return Rank

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

ZROZ

ZROZ Risk / Return Rank: 9
ZROZ Sharpe Ratio Rank: 10
ZROZ Sortino Ratio Rank: 9
ZROZ Omega Ratio Rank: 9
ZROZ Calmar Ratio Rank: 9
ZROZ Martin Ratio Rank: 9

PSCC

PSCC Risk / Return Rank: 8
PSCC Sharpe Ratio Rank: 8
PSCC Sortino Ratio Rank: 8
PSCC Omega Ratio Rank: 8
PSCC Calmar Ratio Rank: 8
PSCC Martin Ratio Rank: 8

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.

ZROZ vs. PSCC - 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 Invesco S&P SmallCap Consumer Staples ETF (PSCC). 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	PSCC	Difference
Sharpe ratio: Return per unit of total volatility	0.04	-0.12	+0.16
Sortino ratio: Return per unit of downside risk	0.18	-0.05	+0.23
Omega ratio: Gain probability vs. loss probability	1.02	0.99	+0.03
Calmar ratio: Return relative to maximum drawdown	0.05	-0.13	+0.17
Martin ratio: Return relative to average drawdown	0.11	-0.22	+0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZROZ vs. PSCC - Sharpe Ratio Comparison

The current ZROZ Sharpe Ratio is 0.04, which is higher than the PSCC Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of ZROZ and PSCC, 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

	ZROZ	PSCC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	-0.12	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.49	-0.01	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.19	0.33	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.56	-0.47

Drawdowns

ZROZ vs. PSCC - Drawdown Comparison

The maximum ZROZ drawdown since its inception was -62.93%, which is greater than PSCC's maximum drawdown of -33.61%. Use the drawdown chart below to compare losses from any high point for ZROZ and PSCC.

Drawdown Indicators

	ZROZ	PSCC	Difference
Max Drawdown Largest peak-to-trough decline	-62.93%	-33.61%	-29.32%
Max Drawdown (1Y) Largest decline over 1 year	-14.02%	-15.17%	+1.15%
Max Drawdown (3Y) Largest decline over 3 years	-28.62%	-23.36%	-5.26%
Max Drawdown (5Y) Largest decline over 5 years	-57.98%	-23.36%	-34.62%
Max Drawdown (10Y) Largest decline over 10 years	-62.93%	-33.61%	-29.32%
Current Drawdown Current decline from peak	-59.99%	-16.33%	-43.66%
Average Drawdown Average peak-to-trough decline	-24.06%	-5.98%	-18.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.17%	8.68%	-2.51%

Volatility

ZROZ vs. PSCC - Volatility Comparison

The current volatility for PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) is 4.30%, while Invesco S&P SmallCap Consumer Staples ETF (PSCC) has a volatility of 4.71%. This indicates that ZROZ experiences smaller price fluctuations and is considered to be less risky than PSCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZROZ	PSCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	4.71%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	10.55%	10.80%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	16.03%	16.50%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.88%	18.24%	+5.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.05%	19.29%	+2.76%

ZROZ vs. PSCC - Expense Ratio Comparison

ZROZ has a 0.15% expense ratio, which is lower than PSCC's 0.29% expense ratio.

Dividends

ZROZ vs. PSCC - Dividend Comparison

ZROZ's dividend yield for the trailing twelve months is around 5.16%, more than PSCC's 2.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCC Invesco S&P SmallCap Consumer Staples ETF	2.08%	2.35%	1.88%	1.49%	1.29%	1.21%	1.59%	1.77%	0.94%	1.25%	1.48%	1.34%
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund	5.16%	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

Can I hold both ZROZ and PSCC in my portfolio?

ZROZ and PSCC have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZROZ or PSCC?

PSCC has higher volatility (4.71%) compared to ZROZ (4.30%). In terms of maximum drawdown, ZROZ dropped -62.93% vs PSCC's -33.61%.

Which ETF is better, ZROZ or PSCC?

On 10-year performance, PSCC leads with 6.30% vs -4.09% for ZROZ. On fees, ZROZ is cheaper at 0.15% per year. On volatility, ZROZ has been the lower-risk option at 4.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZROZ or PSCC?

Over the 10-year period, PSCC has performed better with a 6.30% return vs -4.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZROZ or PSCC?

ZROZ is cheaper with a 0.15% expense ratio, compared with 0.29% for PSCC.

Which ETF pays a higher dividend yield, ZROZ or PSCC?

ZROZ has the higher dividend yield at 5.16%, compared with 2.08% for PSCC.

What is the main difference between ZROZ and PSCC?

ZROZ is categorized as Government Bonds, while PSCC is Consumer Staples Equities. ZROZ tracks ICE BofA Long U.S. Treasury Principal STRIPS Index, while PSCC tracks S&P Small Cap 600 Capped Consumer Staples. They also come from different issuers: PIMCO and Invesco. Their fees differ too: 0.15% for ZROZ and 0.29% for PSCC.

Which has better risk-adjusted returns?

ZROZ currently has the higher Sharpe Ratio (0.04 vs -0.12), 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.