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 6.32% vs 3.23% for XTWY. Their correlation of 0.86 suggests significant overlap in exposure. 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 0.33% return, which is significantly higher than XTWY's -0.10% return.
ZTEN
- 1D
- 0.16%
- 1M
- 0.29%
- YTD
- 0.33%
- 6M
- 0.40%
- 1Y
- 6.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTWY
- 1D
- 0.33%
- 1M
- 0.64%
- YTD
- -0.10%
- 6M
- -1.67%
- 1Y
- 3.23%
- 3Y*
- -3.03%
- 5Y*
- —
- 10Y*
- —
ZTEN vs. XTWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 0.33% | 9.15% | 0.29% |
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -0.10% | 2.52% | -0.98% |
Correlation
The correlation between ZTEN and XTWY is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2024 | 0.86 |
The correlation between ZTEN and XTWY has been stable across timeframes, ranging from 0.85 to 0.86 - 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.
| ZTEN | XTWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.05 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.34 | +1.57 |
| Martin ratioReturn relative to average drawdown | 6.21 | 0.82 | +5.38 |
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 | XTWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.28 | +1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | -0.21 | +1.38 |
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% | -9.48% | +6.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.16% | — |
Current DrawdownCurrent decline from peak | -1.30% | -15.03% | +13.73% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -12.24% | +11.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 3.93% | -2.91% |
Volatility
ZTEN vs. XTWY - Volatility Comparison
The current volatility for F/M 10-Year Investment Grade Corporate Bond ETF (ZTEN) is 1.60%, while BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a volatility of 3.42%. 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 | 1.60% | 3.42% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 7.71% | -3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 11.72% | -6.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 17.62% | -11.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 17.62% | -11.83% |
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 5.07%, more than XTWY's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 4.68% | 4.56% | 4.65% | 3.86% | 1.08% |
ZTEN F/M 10-Year Investment Grade Corporate Bond ETF | 5.07% | 5.16% | 0.44% | 0.00% | 0.00% |
Frequently Asked Questions
ZTEN and XTWY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTWY has higher volatility (3.42%) compared to ZTEN (1.60%). In terms of maximum drawdown, ZTEN dropped -3.43% vs XTWY's -25.92%.
On 1-year performance, ZTEN leads with 6.32% vs 3.23% for XTWY. On fees, XTWY is cheaper at 0.12% per year. On volatility, ZTEN has been the lower-risk option at 1.60%. 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 6.32% return vs 3.23%. 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 5.07%, compared with 4.68% 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 (1.28 vs 0.28), 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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