ZROZ vs. TARK
ZROZ (PIMCO 25+ Year Zero Coupon US Treasury Index Fund) and TARK (Tradr 2X Long Innovation ETF) are both exchange-traded funds - ZROZ is a Government Bonds fund tracking the ICE BofA Long U.S. Treasury Principal STRIPS Index, while TARK is a Leveraged Equities fund actively managed by AXS. ZROZ is passively managed, while TARK is actively managed. Over the past 3 years, ZROZ returned -8.48%/yr vs 4.88%/yr for TARK. Their 0.14 correlation means their historical movements had little consistent relationship. ZROZ charges 0.15%/yr vs 1.15%/yr for TARK.
Performance
ZROZ vs. TARK - Performance Comparison
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Returns By Period
In the year-to-date period, ZROZ achieves a -4.54% return, which is significantly higher than TARK's -22.66% return.
ZROZ
- 1D
- -0.08%
- 1M
- -7.48%
- 6M
- -5.79%
- YTD
- -4.54%
- 1Y
- -2.09%
- 3Y*
- -8.48%
- 5Y*
- -13.83%
- 10Y*
- -5.18%
- ALL TIME*
- 1.87%
TARK
- 1D
- -5.53%
- 1M
- -12.71%
- 6M
- -28.99%
- YTD
- -22.66%
- 1Y
- -28.57%
- 3Y*
- 4.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -9.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $549.86K | $619.64K | $706.03K | |
| $43.12M | $46.45M | $39.14M |
ZROZ vs. TARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | -4.54% | -1.84% | -16.18% | 1.19% | -22.10% |
TARK Tradr 2X Long Innovation ETF | -22.66% | 41.00% | -4.85% | 121.37% | -71.31% |
Correlation
The correlation between ZROZ and TARK is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 2, 2022 | 0.14 |
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Return for Risk
ZROZ vs. TARK — Risk / Return Rank
ZROZ
TARK
ZROZ vs. TARK - 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 Tradr 2X Long Innovation ETF (TARK). 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 | TARK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.99 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | -0.47 | +0.38 |
| Martin ratioReturn relative to average drawdown | -0.17 | -0.82 | +0.65 |
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Drawdowns
ZROZ vs. TARK - Drawdown Comparison
The maximum ZROZ drawdown since its inception was -62.93%, smaller than the maximum TARK drawdown of -77.82%. Use the drawdown chart below to compare losses from any high point for ZROZ and TARK.
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Drawdown Indicators
| ZROZ | TARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.93% | -77.82% | +14.89% |
Max Drawdown (1Y)Largest decline over 1 year | -14.02% | -57.57% | +43.55% |
Max Drawdown (3Y)Largest decline over 3 years | -26.10% | -65.55% | +39.45% |
Max Drawdown (5Y)Largest decline over 5 years | -57.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.93% | — | — |
Current DrawdownCurrent decline from peak | -61.34% | -49.11% | -12.23% |
Average DrawdownAverage peak-to-trough decline | -24.34% | -50.55% | +26.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.94% | 32.77% | -25.83% |
Volatility
ZROZ vs. TARK - Volatility Comparison
The current volatility for PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) is 2.89%, while Tradr 2X Long Innovation ETF (TARK) has a volatility of 20.03%. This indicates that ZROZ experiences smaller price fluctuations and is considered to be less risky than TARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZROZ | TARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 20.03% | -17.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 54.53% | -43.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.41% | 72.34% | -56.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.72% | 90.24% | -66.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.95% | 90.24% | -68.29% |
ZROZ vs. TARK - Expense Ratio Comparison
ZROZ has a 0.15% expense ratio, which is lower than TARK's 1.15% expense ratio.
Dividends
ZROZ vs. TARK - Dividend Comparison
ZROZ's dividend yield for the trailing twelve months is around 5.44%, less than TARK's 38.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TARK Tradr 2X Long Innovation ETF | 38.78% | 30.00% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | 5.44% | 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 TARK 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.
TARK has higher volatility (20.03%) compared to ZROZ (2.89%). In terms of maximum drawdown, ZROZ dropped -62.93% vs TARK's -77.82%.
On 3-year performance, TARK leads with 4.88% vs -8.48% for ZROZ. On fees, ZROZ is cheaper at 0.15% per year. On volatility, ZROZ has been the lower-risk option at 2.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TARK has performed better with a 4.88% return vs -8.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ZROZ is cheaper with a 0.15% expense ratio, compared with 1.15% for TARK.
TARK has the higher dividend yield at 38.78%, compared with 5.44% for ZROZ.
ZROZ is categorized as Government Bonds, while TARK is Leveraged Equities. They also come from different issuers: PIMCO and AXS. Their fees differ too: 0.15% for ZROZ and 1.15% for TARK.
ZROZ currently has the higher Sharpe Ratio (-0.08 vs -0.37), 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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