ZTRE vs. BSV
ZTRE (F/M 3-Year Investment Grade Corporate Bond ETF) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both Short-Term Bond funds - ZTRE tracks the ICE 3-Year US Target Maturity Corporate Index - Benchmark TR Gross while BSV tracks the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. Both are passively managed. Over the past year, ZTRE returned 3.03% vs 2.36% for BSV. Their correlation of 0.91 means they have usually moved in the same direction. ZTRE charges 0.15%/yr vs 0.03%/yr for BSV.
Performance
ZTRE vs. BSV - Performance Comparison
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Returns By Period
In the year-to-date period, ZTRE achieves a 0.80% return, which is significantly higher than BSV's 0.42% return.
ZTRE
- 1D
- -0.04%
- 1M
- -0.06%
- 6M
- 0.41%
- YTD
- 0.80%
- 1Y
- 3.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.76%
BSV
- 1D
- -0.08%
- 1M
- -0.22%
- 6M
- 0.27%
- YTD
- 0.42%
- 1Y
- 2.36%
- 3Y*
- 4.55%
- 5Y*
- 1.61%
- 10Y*
- 1.90%
- ALL TIME*
- 2.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $124.18M | $168.72M | $200.19M | |
| $361.74K | $257.68K | $173.89K |
ZTRE vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF | 0.80% | 6.60% | 0.32% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.42% | 6.00% | 0.39% |
Correlation
The correlation between ZTRE and BSV is 0.91, 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. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024 | 0.91 |
The correlation between ZTRE and BSV has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.
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Return for Risk
ZTRE vs. BSV — Risk / Return Rank
ZTRE
BSV
ZTRE vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.
| ZTRE | BSV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.31 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.33 | +0.14 |
| Martin ratioReturn relative to average drawdown | 9.68 | 7.21 | +2.48 |
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Drawdowns
ZTRE vs. BSV - Drawdown Comparison
The maximum ZTRE drawdown since its inception was -1.45%, smaller than the maximum BSV drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for ZTRE and BSV.
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Drawdown Indicators
| ZTRE | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.45% | -8.54% | +7.09% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -1.29% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.54% | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.50% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -0.97% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.42% | -0.05% |
Volatility
ZTRE vs. BSV - Volatility Comparison
F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) has a higher volatility of 0.65% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.49%. This indicates that ZTRE's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTRE | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.49% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 1.41% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.93% | 1.81% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.10% | 2.74% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.10% | 2.38% | -0.28% |
ZTRE vs. BSV - Expense Ratio Comparison
ZTRE has a 0.15% expense ratio, which is higher than BSV'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
ZTRE vs. BSV - Dividend Comparison
ZTRE's dividend yield for the trailing twelve months is around 4.56%, more than BSV's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 3.68% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF | 4.23% | 4.37% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, ZTRE and BSV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ZTRE has higher volatility (0.65%) compared to BSV (0.49%). In terms of maximum drawdown, ZTRE dropped -1.45% vs BSV's -8.54%.
On 1-year performance, ZTRE leads with 3.03% vs 2.36% for BSV. On fees, BSV is cheaper at 0.03% per year. On volatility, BSV has been the lower-risk option at 0.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ZTRE has performed better with a 3.03% return vs 2.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSV is cheaper with a 0.03% expense ratio, compared with 0.15% for ZTRE.
ZTRE has the higher dividend yield at 4.23%, compared with 3.68% for BSV.
ZTRE tracks ICE 3-Year US Target Maturity Corporate Index - Benchmark TR Gross, while BSV tracks Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. They also come from different issuers: F/m and Vanguard. Their fees differ too: 0.15% for ZTRE and 0.03% for BSV.
ZTRE currently has the higher Sharpe Ratio (1.86 vs 1.66), 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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