ZTEN vs. UTWY
Compare and contrast key facts about F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) and F/m US Treasury 20 Year Bond ETF (UTWY).
ZTEN and UTWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. UTWY is a passively managed fund by F/m Investments that tracks the performance of the Bloomberg US Treasury Bellwether 20 Year Index. It was launched on Mar 27, 2023. Both ZTEN and UTWY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ZTEN vs. UTWY - Performance Comparison
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ZTEN vs. UTWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | -0.41% | 9.15% | 0.29% |
UTWY F/m US Treasury 20 Year Bond ETF | -0.38% | 4.82% | -0.13% |
Returns By Period
In the year-to-date period, ZTEN achieves a -0.41% return, which is significantly lower than UTWY's -0.38% return.
ZTEN
- 1D
- 0.04%
- 1M
- -1.55%
- YTD
- -0.41%
- 6M
- 0.49%
- 1Y
- 5.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTWY
- 1D
- -0.24%
- 1M
- -3.14%
- YTD
- -0.38%
- 6M
- -0.84%
- 1Y
- -0.30%
- 3Y*
- -1.29%
- 5Y*
- —
- 10Y*
- —
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ZTEN vs. UTWY - Expense Ratio Comparison
Both ZTEN and UTWY have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
ZTEN vs. UTWY — Risk / Return Rank
ZTEN
UTWY
ZTEN vs. UTWY - 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 F/m US Treasury 20 Year Bond ETF (UTWY). 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 | UTWY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | -0.03 | +1.03 |
Sortino ratioReturn per unit of downside risk | 1.40 | 0.02 | +1.38 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.00 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 0.05 | +1.73 |
Martin ratioReturn relative to average drawdown | 5.72 | 0.11 | +5.61 |
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 | UTWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | -0.03 | +1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | -0.08 | +1.28 |
Correlation
The correlation between ZTEN and UTWY is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ZTEN vs. UTWY - Dividend Comparison
ZTEN's dividend yield for the trailing twelve months is around 5.15%, more than UTWY's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 5.15% | 5.16% | 0.44% | 0.00% |
UTWY F/m US Treasury 20 Year Bond ETF | 4.68% | 4.62% | 4.56% | 2.94% |
Drawdowns
ZTEN vs. UTWY - Drawdown Comparison
The maximum ZTEN drawdown since its inception was -3.43%, smaller than the maximum UTWY drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for ZTEN and UTWY.
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Drawdown Indicators
| ZTEN | UTWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -18.19% | +14.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -7.47% | +4.05% |
Current DrawdownCurrent decline from peak | -2.03% | -5.79% | +3.76% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -7.09% | +6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 3.41% | -2.34% |
Volatility
ZTEN vs. UTWY - Volatility Comparison
The current volatility for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) is 2.59%, while F/m US Treasury 20 Year Bond ETF (UTWY) has a volatility of 3.39%. This indicates that ZTEN experiences smaller price fluctuations and is considered to be less risky than UTWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTEN | UTWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 3.39% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 3.52% | 5.56% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 9.30% | -3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 11.28% | -5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.88% | 11.28% | -5.40% |