ZTEN vs. VGLT
ZTEN (F/M 10-Year Investment Grade Corporate Bond ETF) and VGLT (Vanguard Long-Term 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 VGLT 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 VGLT. Their correlation of 0.89 means they have usually moved in the same direction. ZTEN charges 0.15%/yr vs 0.03%/yr for VGLT.
Performance
ZTEN vs. VGLT - 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 VGLT's -2.15% return.
ZTEN
- 1D
- 0.60%
- 1M
- -0.73%
- 6M
- 0.06%
- YTD
- 0.08%
- 1Y
- 3.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.79%
VGLT
- 1D
- 0.78%
- 1M
- -2.40%
- 6M
- -1.94%
- YTD
- -2.15%
- 1Y
- -0.79%
- 3Y*
- 0.21%
- 5Y*
- -6.97%
- 10Y*
- -1.64%
- ALL TIME*
- 2.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $99.45M | $99.43M | $109.17M | |
| $51.21K | $43.84K | $104.13K |
ZTEN vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 0.08% | 9.15% | 0.29% |
VGLT Vanguard Long-Term Treasury ETF | -2.15% | 5.35% | -1.55% |
Correlation
The correlation between ZTEN and VGLT 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 | 0.89 |
The correlation between ZTEN and VGLT has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.
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Return for Risk
ZTEN vs. VGLT — Risk / Return Rank
ZTEN
VGLT
ZTEN vs. VGLT - 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 Vanguard Long-Term Treasury ETF (VGLT). 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 | VGLT | 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 | +1.07 |
| Martin ratioReturn relative to average drawdown | 2.62 | -0.24 | +2.87 |
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Drawdowns
ZTEN vs. VGLT - Drawdown Comparison
The maximum ZTEN drawdown since its inception was -3.43%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for ZTEN and VGLT.
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Drawdown Indicators
| ZTEN | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -46.18% | +42.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -7.03% | +3.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.18% | — |
Current DrawdownCurrent decline from peak | -1.54% | -37.93% | +36.39% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -15.28% | +14.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 3.24% | -2.04% |
Volatility
ZTEN vs. VGLT - Volatility Comparison
The current volatility for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) is 1.53%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 2.48%. This indicates that ZTEN experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTEN | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 2.48% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 4.07% | 6.36% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 8.41% | -3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 14.46% | -8.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.73% | 13.74% | -8.01% |
ZTEN vs. VGLT - Expense Ratio Comparison
ZTEN has a 0.15% expense ratio, which is higher than VGLT'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. VGLT - Dividend Comparison
ZTEN's dividend yield for the trailing twelve months is around 5.08%, more than VGLT's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGLT Vanguard Long-Term Treasury ETF | 4.74% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZTEN and VGLT 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.
VGLT has higher volatility (2.48%) compared to ZTEN (1.53%). In terms of maximum drawdown, ZTEN dropped -3.43% vs VGLT's -46.18%.
On 1-year performance, ZTEN leads with 3.15% vs -0.79% for VGLT. On fees, VGLT 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.
VGLT 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 4.74% for VGLT.
ZTEN is categorized as Long-Term Bond, while VGLT is Government Bonds. ZTEN tracks ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross, while VGLT tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: F/m and Vanguard. Their fees differ too: 0.15% for ZTEN and 0.03% for VGLT.
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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