ZTEN vs. BBBL
ZTEN (F/M 10-Year Investment Grade Corporate Bond ETF) and BBBL (Bondbloxx BBB Rated 10+ Year Corporate Bond ETF) are both Long-Term Bond funds - ZTEN tracks the ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross while BBBL tracks the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross. Both are passively managed. Over the past year, ZTEN returned 6.32% vs 6.99% for BBBL. Their correlation of 0.95 suggests significant overlap in exposure. ZTEN charges 0.15%/yr vs 0.19%/yr for BBBL.
Performance
ZTEN vs. BBBL - Performance Comparison
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Returns By Period
In the year-to-date period, ZTEN achieves a 0.33% return, which is significantly lower than BBBL's 1.50% return.
ZTEN
- 1D
- 0.16%
- 1M
- 0.29%
- YTD
- 0.33%
- 6M
- 0.40%
- 1Y
- 6.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBBL
- 1D
- 0.27%
- 1M
- 1.28%
- YTD
- 1.50%
- 6M
- 0.79%
- 1Y
- 6.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZTEN vs. BBBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 0.33% | 9.15% | 0.29% |
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 1.50% | 7.02% | 0.02% |
Correlation
The correlation between ZTEN and BBBL is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2024 | 0.95 |
The correlation between ZTEN and BBBL has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.
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Return for Risk
ZTEN vs. BBBL — Risk / Return Rank
ZTEN
BBBL
ZTEN vs. BBBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) and Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL). 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.
| ZTEN | BBBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.16 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.29 | +0.62 |
| Martin ratioReturn relative to average drawdown | 6.21 | 3.23 | +2.98 |
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
| ZTEN | BBBL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.90 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.41 | +0.76 |
Drawdowns
ZTEN vs. BBBL - Drawdown Comparison
The maximum ZTEN drawdown since its inception was -3.43%, smaller than the maximum BBBL drawdown of -9.43%. Use the drawdown chart below to compare losses from any high point for ZTEN and BBBL.
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Drawdown Indicators
| ZTEN | BBBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -9.43% | +6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -5.45% | +2.13% |
Current DrawdownCurrent decline from peak | -1.30% | -1.62% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -3.30% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 2.17% | -1.15% |
Volatility
ZTEN vs. BBBL - Volatility Comparison
The current volatility for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) is 1.60%, while Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) has a volatility of 2.39%. This indicates that ZTEN experiences smaller price fluctuations and is considered to be less risky than BBBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTEN | BBBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 2.39% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 5.75% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 7.86% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 9.80% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 9.80% | -4.01% |
ZTEN vs. BBBL - Expense Ratio Comparison
ZTEN has a 0.15% expense ratio, which is lower than BBBL's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZTEN vs. BBBL - Dividend Comparison
ZTEN's dividend yield for the trailing twelve months is around 5.07%, less than BBBL's 5.72% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 5.72% | 5.77% | 5.19% |
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 5.07% | 5.16% | 0.44% |
Frequently Asked Questions
With a correlation of 0.95, ZTEN and BBBL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BBBL has higher volatility (2.39%) compared to ZTEN (1.60%). In terms of maximum drawdown, ZTEN dropped -3.43% vs BBBL's -9.43%.
On 1-year performance, BBBL leads with 6.99% vs 6.32% for ZTEN. On fees, ZTEN is cheaper at 0.15% per year. On volatility, ZTEN has been the lower-risk option at 1.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBBL has performed better with a 6.99% return vs 6.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ZTEN is cheaper with a 0.15% expense ratio, compared with 0.19% for BBBL.
BBBL has the higher dividend yield at 5.72%, compared with 5.07% for ZTEN.
ZTEN tracks ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross, while BBBL tracks Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross. They also come from different issuers: F/m and BondBloxx. Their fees differ too: 0.15% for ZTEN and 0.19% for BBBL.
ZTEN currently has the higher Sharpe Ratio (1.28 vs 0.90), 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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