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.
Performance
ZTEN vs. FSKAX - Performance Comparison
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ZTEN vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | -0.45% | 9.15% | 0.29% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 0.27% |
Returns By Period
In the year-to-date period, ZTEN achieves a -0.45% return, which is significantly higher than FSKAX's -6.77% return.
ZTEN
- 1D
- 0.69%
- 1M
- -2.06%
- YTD
- -0.45%
- 6M
- 0.79%
- 1Y
- 6.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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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%.
Return for Risk
ZTEN vs. FSKAX — Risk / Return Rank
ZTEN
FSKAX
ZTEN vs. FSKAX - 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 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.
| ZTEN | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 0.83 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.29 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.04 | +0.78 |
Martin ratioReturn relative to average drawdown | 5.88 | 5.05 | +0.83 |
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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.83 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.78 | +0.42 |
Correlation
The correlation between ZTEN and FSKAX is 0.27, 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.
Dividends
ZTEN vs. FSKAX - Dividend Comparison
ZTEN's dividend yield for the trailing twelve months is around 5.59%, more than FSKAX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 5.59% | 5.16% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
ZTEN vs. FSKAX - Drawdown Comparison
The maximum ZTEN drawdown since its inception was -3.43%, 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.
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Drawdown Indicators
| ZTEN | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -35.01% | +31.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -12.42% | +9.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.01% | — |
Current DrawdownCurrent decline from peak | -2.06% | -8.92% | +6.86% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -4.05% | +3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 2.57% | -1.51% |
Volatility
ZTEN vs. FSKAX - Volatility Comparison
The current volatility for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) is 2.59%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.42%. 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.
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Volatility by Period
| ZTEN | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 4.42% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 3.52% | 9.40% | -5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 18.50% | -12.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.89% | 17.38% | -11.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.89% | 18.42% | -12.53% |