ZTEN vs. FSKAX
Compare and contrast key facts about F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) and Fidelity Total Market Index Fund (FSKAX).
ZTEN is a passively managed fund by F/m that tracks the performance of the ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross. It was launched on Jan 10, 2024. FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZTEN or FSKAX.
Key characteristics
| ZTEN | FSKAX | |
|---|---|---|
| Daily Std Dev | 6.37% | 13.13% |
| Max Drawdown | -4.11% | -35.01% |
| Current Drawdown | -0.42% | -0.69% |
Correlation
The correlation between ZTEN and FSKAX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ZTEN vs. FSKAX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZTEN vs. FSKAX - Expense Ratio Comparison
ZTEN has a 0.15% expense ratio, which is higher than FSKAX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ZTEN vs. FSKAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) and Fidelity Total Market Index Fund (FSKAX). 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.
Not enough dataDividends
ZTEN vs. FSKAX - Dividend Comparison
ZTEN's dividend yield for the trailing twelve months is around 3.04%, more than FSKAX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 3.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.23% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.33% | 2.43% | 2.49% | 1.63% | 1.54% |
Drawdowns
ZTEN vs. FSKAX - Drawdown Comparison
The maximum ZTEN drawdown since its inception was -4.11%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for ZTEN and FSKAX. For additional features, visit the drawdowns tool.
Volatility
ZTEN vs. FSKAX - Volatility Comparison
The current volatility for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) is 1.28%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.11%. This indicates that ZTEN experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.