ZTRE vs. OXLC
ZTRE (F/M 3-Year Investment Grade Corporate Bond ETF) is Short-Term Bond fund tracking the ICE 3-Year US Target Maturity Corporate Index - Benchmark TR Gross, while OXLC (Oxford Lane Capital Corp.) is a stock. Over the past year, ZTRE returned 3.68% vs -20.62% for OXLC. At a 0.10 correlation, their price movements are largely independent.
Performance
ZTRE vs. OXLC - Performance Comparison
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Returns By Period
In the year-to-date period, ZTRE achieves a 0.68% return, which is significantly higher than OXLC's -4.47% return.
ZTRE
- 1D
- -0.02%
- 1M
- 0.02%
- 6M
- 0.68%
- YTD
- 0.68%
- 1Y
- 3.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OXLC
- 1D
- 0.66%
- 1M
- 32.38%
- 6M
- -5.18%
- YTD
- -4.47%
- 1Y
- -20.62%
- 3Y*
- -1.47%
- 5Y*
- -2.98%
- 10Y*
- 5.91%
ZTRE vs. OXLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF | 0.68% | 6.60% | 0.32% |
OXLC Oxford Lane Capital Corp. | -4.47% | -24.38% | 0.40% |
Correlation
The correlation between ZTRE and OXLC is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024 | 0.10 |
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Return for Risk
ZTRE vs. OXLC — Risk / Return Rank
ZTRE
OXLC
ZTRE vs. OXLC - 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 Oxford Lane Capital Corp. (OXLC). 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 | OXLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.93 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | -0.41 | +2.90 |
| Martin ratioReturn relative to average drawdown | 9.98 | -0.74 | +10.72 |
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Drawdowns
ZTRE vs. OXLC - Drawdown Comparison
The maximum ZTRE drawdown since its inception was -1.45%, smaller than the maximum OXLC drawdown of -74.58%. Use the drawdown chart below to compare losses from any high point for ZTRE and OXLC.
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Drawdown Indicators
| ZTRE | OXLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.45% | -74.58% | +73.13% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -50.80% | +49.35% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.58% | — |
Current DrawdownCurrent decline from peak | -0.22% | -31.58% | +31.36% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -14.12% | +13.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 28.03% | -27.67% |
Volatility
ZTRE vs. OXLC - Volatility Comparison
The current volatility for F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) is 0.63%, while Oxford Lane Capital Corp. (OXLC) has a volatility of 25.08%. This indicates that ZTRE experiences smaller price fluctuations and is considered to be less risky than OXLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTRE | OXLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 25.08% | -24.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 37.05% | -35.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.90% | 44.38% | -42.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.10% | 28.76% | -26.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.10% | 43.30% | -41.20% |
Dividends
ZTRE vs. OXLC - Dividend Comparison
ZTRE's dividend yield for the trailing twelve months is around 4.19%, less than OXLC's 69.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 69.35% | 35.86% | 20.12% | 18.83% | 17.75% | 10.51% | 22.46% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% |
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF | 4.19% | 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
ZTRE and OXLC have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OXLC has higher volatility (25.08%) compared to ZTRE (0.63%). In terms of maximum drawdown, ZTRE dropped -1.45% vs OXLC's -74.58%.
ZTRE currently has the higher Sharpe Ratio (1.91 vs -0.47), 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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