ZTEN vs. FIYY

Last updated Jul 15, 2026

ZTEN (F/M 10-Year Investment Grade Corporate Bond ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both exchange-traded funds - ZTEN is a Long-Term Bond fund tracking the ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross, while FIYY is a Derivative Income fund actively managed by GraniteShares. ZTEN is passively managed, while FIYY is actively managed. A 0.65 correlation means they provide meaningful diversification when combined. ZTEN charges 0.15%/yr vs 1.07%/yr for FIYY.

Performance

ZTEN vs. FIYY - 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 GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ZTEN

• 1D: 0.26%
• 1M: -0.64%
• 6M: -0.44%
• YTD: -0.17%
• 1Y: 4.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIYY

• 1D: 0.16%
• 1M: -0.47%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZTEN vs. FIYY - Yearly Performance Comparison

	2026 (YTD)
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF	0.07%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-1.85%

Correlation

The correlation between ZTEN and FIYY is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.65

Return for Risk

ZTEN vs. FIYY — Risk / Return Rank

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

ZTEN

ZTEN Risk / Return Rank: 34
ZTEN Sharpe Ratio Rank: 34
ZTEN Sortino Ratio Rank: 33
ZTEN Omega Ratio Rank: 31
ZTEN Calmar Ratio Rank: 36
ZTEN Martin Ratio Rank: 37

FIYY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. FIYY - 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 GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). 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	FIYY	Difference
Sharpe ratio: Return per unit of total volatility	1.01	—	—
Sortino ratio: Return per unit of downside risk	1.47	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.50	—	—
Martin ratio: Return relative to average drawdown	4.56	—	—

Drawdowns

ZTEN vs. FIYY - Drawdown Comparison

The maximum ZTEN drawdown since its inception was -3.43%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for ZTEN and FIYY.

Drawdown Indicators

	ZTEN	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	-3.43%	-2.51%	-0.92%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	—	—
Current Drawdown Current decline from peak	-1.78%	-1.97%	+0.19%
Average Drawdown Average peak-to-trough decline	-0.81%	-1.48%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	—	—

Volatility

Volatility by Period

	ZTEN	FIYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.94%	5.05%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.75%	5.05%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.75%	5.05%	+0.70%

ZTEN vs. FIYY - Expense Ratio Comparison

ZTEN has a 0.15% expense ratio, which is lower than FIYY's 1.07% expense ratio.

Dividends

ZTEN vs. FIYY - Dividend Comparison

ZTEN's dividend yield for the trailing twelve months is around 5.06%, more than FIYY's 1.13% yield.

Position	TTM	2025	2024
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.13%	0.00%	0.00%
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF	5.06%	5.16%	0.44%

Frequently Asked Questions

Can I hold both ZTEN and FIYY in my portfolio?

ZTEN and FIYY have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZTEN or FIYY?

On fees, ZTEN is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZTEN or FIYY?

ZTEN is cheaper with a 0.15% expense ratio, compared with 1.07% for FIYY.

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

ZTEN has the higher dividend yield at 5.06%, compared with 1.13% for FIYY.

What is the main difference between ZTEN and FIYY?

ZTEN is categorized as Long-Term Bond, while FIYY is Derivative Income. They also come from different issuers: F/m and GraniteShares. Their fees differ too: 0.15% for ZTEN and 1.07% for FIYY.