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ZROZ vs. TLT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ZROZ and TLT is -0.27. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.3

Performance

ZROZ vs. TLT - 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 iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

40.00%45.00%50.00%55.00%60.00%65.00%NovemberDecember2025FebruaryMarchApril
47.42%
48.19%
ZROZ
TLT

Key characteristics

Sharpe Ratio

ZROZ:

0.08

TLT:

0.39

Sortino Ratio

ZROZ:

0.26

TLT:

0.63

Omega Ratio

ZROZ:

1.03

TLT:

1.07

Calmar Ratio

ZROZ:

0.03

TLT:

0.13

Martin Ratio

ZROZ:

0.15

TLT:

0.74

Ulcer Index

ZROZ:

12.41%

TLT:

7.59%

Daily Std Dev

ZROZ:

23.26%

TLT:

14.43%

Max Drawdown

ZROZ:

-62.93%

TLT:

-48.35%

Current Drawdown

ZROZ:

-58.25%

TLT:

-40.70%

Returns By Period

In the year-to-date period, ZROZ achieves a 1.13% return, which is significantly lower than TLT's 3.51% return. Over the past 10 years, ZROZ has underperformed TLT with an annualized return of -2.52%, while TLT has yielded a comparatively higher -0.72% annualized return.


ZROZ

YTD

1.13%

1M

-3.12%

6M

-6.78%

1Y

1.76%

5Y*

-15.30%

10Y*

-2.52%

TLT

YTD

3.51%

1M

-1.36%

6M

-1.01%

1Y

5.65%

5Y*

-9.51%

10Y*

-0.72%

*Annualized

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ZROZ vs. TLT - Expense Ratio Comparison

Both ZROZ and TLT have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Expense ratio chart for ZROZ: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
ZROZ: 0.15%
Expense ratio chart for TLT: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TLT: 0.15%

Risk-Adjusted Performance

ZROZ vs. TLT — Risk-Adjusted Performance Rank

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

ZROZ
The Risk-Adjusted Performance Rank of ZROZ is 2323
Overall Rank
The Sharpe Ratio Rank of ZROZ is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of ZROZ is 2525
Sortino Ratio Rank
The Omega Ratio Rank of ZROZ is 2424
Omega Ratio Rank
The Calmar Ratio Rank of ZROZ is 2121
Calmar Ratio Rank
The Martin Ratio Rank of ZROZ is 2222
Martin Ratio Rank

TLT
The Risk-Adjusted Performance Rank of TLT is 3939
Overall Rank
The Sharpe Ratio Rank of TLT is 4747
Sharpe Ratio Rank
The Sortino Ratio Rank of TLT is 4444
Sortino Ratio Rank
The Omega Ratio Rank of TLT is 4040
Omega Ratio Rank
The Calmar Ratio Rank of TLT is 3030
Calmar Ratio Rank
The Martin Ratio Rank of TLT is 3535
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ZROZ vs. TLT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) and iShares 20+ Year Treasury Bond ETF (TLT). 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.


The chart of Sharpe ratio for ZROZ, currently valued at 0.08, compared to the broader market-1.000.001.002.003.004.00
ZROZ: 0.08
TLT: 0.39
The chart of Sortino ratio for ZROZ, currently valued at 0.26, compared to the broader market-2.000.002.004.006.008.00
ZROZ: 0.26
TLT: 0.63
The chart of Omega ratio for ZROZ, currently valued at 1.03, compared to the broader market0.501.001.502.002.50
ZROZ: 1.03
TLT: 1.07
The chart of Calmar ratio for ZROZ, currently valued at 0.03, compared to the broader market0.002.004.006.008.0010.0012.00
ZROZ: 0.03
TLT: 0.13
The chart of Martin ratio for ZROZ, currently valued at 0.15, compared to the broader market0.0020.0040.0060.00
ZROZ: 0.15
TLT: 0.74

The current ZROZ Sharpe Ratio is 0.08, which is lower than the TLT Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of ZROZ and TLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
0.08
0.39
ZROZ
TLT

Dividends

ZROZ vs. TLT - Dividend Comparison

ZROZ's dividend yield for the trailing twelve months is around 4.59%, more than TLT's 4.21% yield.


TTM20242023202220212020201920182017201620152014
ZROZ
PIMCO 25+ Year Zero Coupon US Treasury Index Fund
4.59%4.58%3.52%2.76%1.60%1.68%2.22%2.91%2.53%3.00%2.98%2.00%
TLT
iShares 20+ Year Treasury Bond ETF
4.21%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%

Drawdowns

ZROZ vs. TLT - Drawdown Comparison

The maximum ZROZ drawdown since its inception was -62.93%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for ZROZ and TLT. For additional features, visit the drawdowns tool.


-60.00%-55.00%-50.00%-45.00%-40.00%NovemberDecember2025FebruaryMarchApril
-58.25%
-40.70%
ZROZ
TLT

Volatility

ZROZ vs. TLT - Volatility Comparison

PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) has a higher volatility of 9.92% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 5.88%. This indicates that ZROZ's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%NovemberDecember2025FebruaryMarchApril
9.92%
5.88%
ZROZ
TLT