ZTEN vs. BLTD

Last updated Jun 25, 2026

ZTEN (F/M 10-Year Investment Grade Corporate Bond ETF) and BLTD (Bluemonte Long Term Bond ETF) are both Long-Term Bond funds. Over the past year, ZTEN returned 5.79% vs 5.09% for BLTD. Their correlation of 0.94 suggests significant overlap in exposure. ZTEN charges 0.15%/yr vs 0.23%/yr for BLTD.

Performance

ZTEN vs. BLTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) and Bluemonte Long Term Bond ETF (BLTD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZTEN achieves a 0.90% return, which is significantly lower than BLTD's 1.62% return.

ZTEN

• 1D: 0.48%
• 1M: 1.30%
• YTD: 0.90%
• 6M: 0.68%
• 1Y: 5.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLTD

• 1D: 0.77%
• 1M: 2.25%
• YTD: 1.62%
• 6M: 1.07%
• 1Y: 5.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZTEN vs. BLTD - Yearly Performance Comparison

	2026 (YTD)	2025
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF	0.90%	5.59%
BLTD Bluemonte Long Term Bond ETF	1.62%	3.76%

Correlation

The correlation between ZTEN and BLTD is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.94

The correlation between ZTEN and BLTD has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

Return for Risk

ZTEN vs. BLTD — Risk / Return Rank

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

ZTEN

ZTEN Risk / Return Rank: 37
ZTEN Sharpe Ratio Rank: 36
ZTEN Sortino Ratio Rank: 37
ZTEN Omega Ratio Rank: 34
ZTEN Calmar Ratio Rank: 39
ZTEN Martin Ratio Rank: 39

BLTD

BLTD Risk / Return Rank: 22
BLTD Sharpe Ratio Rank: 22
BLTD Sortino Ratio Rank: 21
BLTD Omega Ratio Rank: 20
BLTD Calmar Ratio Rank: 24
BLTD Martin Ratio Rank: 23

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.

ZTEN vs. BLTD - 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 Bluemonte Long Term Bond ETF (BLTD). 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.

	ZTEN	BLTD	Difference
Sharpe ratio: Return per unit of total volatility	1.17	0.75	+0.42
Sortino ratio: Return per unit of downside risk	1.72	1.11	+0.61
Omega ratio: Gain probability vs. loss probability	1.21	1.13	+0.08
Calmar ratio: Return relative to maximum drawdown	1.75	1.06	+0.69
Martin ratio: Return relative to average drawdown	5.44	2.63	+2.81

ZTEN vs. BLTD - Sharpe Ratio Comparison

The current ZTEN Sharpe Ratio is 1.17, which is higher than the BLTD Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of ZTEN and BLTD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ZTEN vs. BLTD - Drawdown Comparison

The maximum ZTEN drawdown since its inception was -3.43%, smaller than the maximum BLTD drawdown of -4.80%. Use the drawdown chart below to compare losses from any high point for ZTEN and BLTD.

Drawdown Indicators

	ZTEN	BLTD	Difference
Max Drawdown Largest peak-to-trough decline	-3.43%	-4.80%	+1.37%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	-4.80%	+1.48%
Current Drawdown Current decline from peak	-0.73%	-1.16%	+0.43%
Average Drawdown Average peak-to-trough decline	-0.80%	-1.60%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	1.94%	-0.87%

Volatility

ZTEN vs. BLTD - Volatility Comparison

The current volatility for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) is 1.46%, while Bluemonte Long Term Bond ETF (BLTD) has a volatility of 1.82%. This indicates that ZTEN experiences smaller price fluctuations and is considered to be less risky than BLTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZTEN	BLTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	1.82%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	3.91%	5.09%	-1.18%
Volatility (1Y) Calculated over the trailing 1-year period	4.99%	6.86%	-1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.78%	6.85%	-1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.78%	6.85%	-1.07%

ZTEN vs. BLTD - Expense Ratio Comparison

ZTEN has a 0.15% expense ratio, which is lower than BLTD's 0.23% 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. BLTD - Dividend Comparison

ZTEN's dividend yield for the trailing twelve months is around 5.04%, more than BLTD's 3.88% yield.

Position	TTM	2025	2024
BLTD Bluemonte Long Term Bond ETF	3.88%	2.48%	0.00%
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF	5.04%	5.16%	0.44%

Frequently Asked Questions

Can I hold both ZTEN and BLTD in my portfolio?

With a correlation of 0.94, ZTEN and BLTD 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.

Which is riskier, ZTEN or BLTD?

BLTD has higher volatility (1.82%) compared to ZTEN (1.46%). In terms of maximum drawdown, ZTEN dropped -3.43% vs BLTD's -4.80%.

Which ETF is better, ZTEN or BLTD?

On 1-year performance, ZTEN leads with 5.79% vs 5.09% for BLTD. On fees, ZTEN is cheaper at 0.15% per year. On volatility, ZTEN has been the lower-risk option at 1.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZTEN or BLTD?

Over the 1-year period, ZTEN has performed better with a 5.79% return vs 5.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZTEN or BLTD?

ZTEN is cheaper with a 0.15% expense ratio, compared with 0.23% for BLTD.

Which ETF pays a higher dividend yield, ZTEN or BLTD?

ZTEN has the higher dividend yield at 5.04%, compared with 3.88% for BLTD.

What is the main difference between ZTEN and BLTD?

They also come from different issuers: F/m and Bluemonte. Their fees differ too: 0.15% for ZTEN and 0.23% for BLTD.

Which has better risk-adjusted returns?

ZTEN currently has the higher Sharpe Ratio (1.17 vs 0.75), 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.