ZTEN vs. SCHQ
ZTEN (F/M 10-Year Investment Grade Corporate Bond ETF) and SCHQ (Schwab Long-Term U.S. Treasury 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 SCHQ is a Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past year, ZTEN returned 3.15% vs -0.79% for SCHQ. Their correlation of 0.88 means they have usually moved in the same direction. ZTEN charges 0.15%/yr vs 0.03%/yr for SCHQ.
Performance
ZTEN vs. SCHQ - Performance Comparison
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Returns By Period
In the year-to-date period, ZTEN achieves a 0.08% return, which is significantly higher than SCHQ's -2.16% return.
ZTEN
- 1D
- 0.60%
- 1M
- -0.73%
- 6M
- 0.06%
- YTD
- 0.08%
- 1Y
- 3.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.79%
SCHQ
- 1D
- 0.77%
- 1M
- -2.42%
- 6M
- -2.00%
- YTD
- -2.16%
- 1Y
- -0.79%
- 3Y*
- 0.22%
- 5Y*
- -6.96%
- 10Y*
- —
- ALL TIME*
- -4.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.32M | $14.68M | $18.61M | |
| $51.21K | $43.84K | $104.13K |
ZTEN vs. SCHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 0.08% | 9.15% | 0.29% |
SCHQ Schwab Long-Term U.S. Treasury ETF | -2.16% | 5.50% | -1.76% |
Correlation
The correlation between ZTEN and SCHQ is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024 | 0.88 |
The correlation between ZTEN and SCHQ has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
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Return for Risk
ZTEN vs. SCHQ — Risk / Return Rank
ZTEN
SCHQ
ZTEN vs. SCHQ - 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 Schwab Long-Term U.S. Treasury ETF (SCHQ). 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 | SCHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.99 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | -0.11 | +1.06 |
| Martin ratioReturn relative to average drawdown | 2.62 | -0.24 | +2.87 |
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Drawdowns
ZTEN vs. SCHQ - Drawdown Comparison
The maximum ZTEN drawdown since its inception was -3.43%, smaller than the maximum SCHQ drawdown of -46.13%. Use the drawdown chart below to compare losses from any high point for ZTEN and SCHQ.
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Drawdown Indicators
| ZTEN | SCHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -46.13% | +42.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -7.05% | +3.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.93% | — |
Current DrawdownCurrent decline from peak | -1.54% | -37.91% | +36.37% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -26.61% | +25.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 3.25% | -2.05% |
Volatility
ZTEN vs. SCHQ - Volatility Comparison
The current volatility for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) is 1.53%, while Schwab Long-Term U.S. Treasury ETF (SCHQ) has a volatility of 2.47%. This indicates that ZTEN experiences smaller price fluctuations and is considered to be less risky than SCHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTEN | SCHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 2.47% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 4.07% | 6.34% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 8.43% | -3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 14.42% | -8.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.73% | 15.20% | -9.47% |
ZTEN vs. SCHQ - Expense Ratio Comparison
ZTEN has a 0.15% expense ratio, which is higher than SCHQ's 0.03% 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%.
Dividends
ZTEN vs. SCHQ - Dividend Comparison
ZTEN's dividend yield for the trailing twelve months is around 5.08%, more than SCHQ's 4.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.89% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% |
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 5.08% | 5.16% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZTEN and SCHQ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHQ has higher volatility (2.47%) compared to ZTEN (1.53%). In terms of maximum drawdown, ZTEN dropped -3.43% vs SCHQ's -46.13%.
On 1-year performance, ZTEN leads with 3.15% vs -0.79% for SCHQ. On fees, SCHQ is cheaper at 0.03% per year. On volatility, ZTEN has been the lower-risk option at 1.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ZTEN has performed better with a 3.15% return vs -0.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHQ is cheaper with a 0.03% expense ratio, compared with 0.15% for ZTEN.
ZTEN has the higher dividend yield at 5.08%, compared with 4.89% for SCHQ.
ZTEN is categorized as Long-Term Bond, while SCHQ is Government Bonds. ZTEN tracks ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross, while SCHQ tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: F/m and Charles Schwab. Their fees differ too: 0.15% for ZTEN and 0.03% for SCHQ.
ZTEN currently has the higher Sharpe Ratio (0.64 vs -0.09), 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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