ZTEN vs. XTWY
ZTEN (F/M 10-Year Investment Grade Corporate Bond ETF) and XTWY (BondBloxx Bloomberg Twenty Year Target Duration US 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 XTWY is a Government Bonds fund tracking the Bloomberg US Treasury 20 Year Target Duration Index. Both are passively managed. Over the past year, ZTEN returned 3.15% vs -3.00% for XTWY. Their correlation of 0.85 means they have usually moved in the same direction. ZTEN charges 0.15%/yr vs 0.12%/yr for XTWY.
Performance
ZTEN vs. XTWY - 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 XTWY's -3.35% return.
ZTEN
- 1D
- 0.60%
- 1M
- -0.73%
- 6M
- 0.06%
- YTD
- 0.08%
- 1Y
- 3.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.79%
XTWY
- 1D
- 1.04%
- 1M
- -3.74%
- 6M
- -3.09%
- YTD
- -3.35%
- 1Y
- -3.00%
- 3Y*
- -2.30%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.92M | $1.60M | $1.98M | |
| $51.21K | $43.84K | $104.13K |
ZTEN vs. XTWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 0.08% | 9.15% | 0.29% |
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -3.35% | 2.52% | -2.58% |
Correlation
The correlation between ZTEN and XTWY is 0.84, 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. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024 | 0.85 |
The correlation between ZTEN and XTWY has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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Return for Risk
ZTEN vs. XTWY — Risk / Return Rank
ZTEN
XTWY
ZTEN vs. XTWY - 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 BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY). 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 | XTWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.97 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | -0.31 | +1.26 |
| Martin ratioReturn relative to average drawdown | 2.62 | -0.65 | +3.27 |
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Drawdowns
ZTEN vs. XTWY - Drawdown Comparison
The maximum ZTEN drawdown since its inception was -3.43%, smaller than the maximum XTWY drawdown of -25.92%. Use the drawdown chart below to compare losses from any high point for ZTEN and XTWY.
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Drawdown Indicators
| ZTEN | XTWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -25.92% | +22.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -9.89% | +6.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.22% | — |
Current DrawdownCurrent decline from peak | -1.54% | -17.79% | +16.25% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -12.37% | +11.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 4.66% | -3.46% |
Volatility
ZTEN vs. XTWY - Volatility Comparison
The current volatility for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) is 1.53%, while BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a volatility of 3.34%. This indicates that ZTEN experiences smaller price fluctuations and is considered to be less risky than XTWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTEN | XTWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 3.34% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.07% | 8.20% | -4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 11.14% | -6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 17.40% | -11.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.73% | 17.40% | -11.67% |
ZTEN vs. XTWY - Expense Ratio Comparison
ZTEN has a 0.15% expense ratio, which is higher than XTWY's 0.13% 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. XTWY - Dividend Comparison
ZTEN's dividend yield for the trailing twelve months is around 5.08%, more than XTWY's 4.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 4.88% | 4.56% | 4.65% | 3.86% | 1.08% |
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 5.08% | 5.16% | 0.44% | 0.00% | 0.00% |
Frequently Asked Questions
ZTEN and XTWY have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTWY has higher volatility (3.34%) compared to ZTEN (1.53%). In terms of maximum drawdown, ZTEN dropped -3.43% vs XTWY's -25.92%.
On 1-year performance, ZTEN leads with 3.15% vs -3.00% for XTWY. On fees, XTWY is cheaper at 0.12% 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 -3.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTWY is cheaper with a 0.12% expense ratio, compared with 0.15% for ZTEN.
ZTEN has the higher dividend yield at 5.08%, compared with 4.88% for XTWY.
ZTEN is categorized as Long-Term Bond, while XTWY is Government Bonds. ZTEN tracks ICE 10-Year US Target Maturity Corporate Index - Benchmark TR Gross, while XTWY tracks Bloomberg US Treasury 20 Year Target Duration Index. They also come from different issuers: F/m and BondBloxx. Their fees differ too: 0.15% for ZTEN and 0.12% for XTWY.
ZTEN currently has the higher Sharpe Ratio (0.64 vs -0.27), 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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