ZTRE vs. OXLC

Last updated Aug 2, 2026

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 3.03% vs -6.01% for OXLC. Their 0.10 correlation means their historical movements had little consistent relationship.

Performance

ZTRE vs. OXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) and Oxford Lane Capital Corp. (OXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZTRE achieves a 0.80% return, which is significantly higher than OXLC's -2.62% return.

ZTRE

• 1D: -0.04%
• 1M: -0.06%
• 6M: 0.41%
• YTD: 0.80%
• 1Y: 3.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.76%

OXLC

• 1D: 2.12%
• 1M: 6.34%
• 6M: 14.48%
• YTD: -2.62%
• 1Y: -6.01%
• 3Y*: -3.45%
• 5Y*: -1.74%
• 10Y*: 5.56%
• ALL TIME*: 4.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OXLC Oxford Lane Capital Corp.	$8.22M	$7.92M	$9.50M
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF	$361.74K	$257.68K	$173.89K

ZTRE vs. OXLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF	0.80%	6.60%	0.32%
OXLC Oxford Lane Capital Corp.	-2.62%	-24.38%	0.40%

Correlation

The correlation between ZTRE and OXLC is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024	0.10

Return for Risk

ZTRE vs. OXLC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ZTRE

ZTRE Risk / Return Rank: 79
ZTRE Sharpe Ratio Rank: 80
ZTRE Sortino Ratio Rank: 85
ZTRE Omega Ratio Rank: 84
ZTRE Calmar Ratio Rank: 70
ZTRE Martin Ratio Rank: 76

OXLC

OXLC Risk / Return Rank: 36
OXLC Sharpe Ratio Rank: 36
OXLC Sortino Ratio Rank: 33
OXLC Omega Ratio Rank: 33
OXLC Calmar Ratio Rank: 39
OXLC Martin Ratio Rank: 38

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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 ratio: Return per unit of total volatility	1.86	-0.20	+2.05
Sortino ratio: Return per unit of downside risk	2.80	0.00	+2.80
Omega ratio: Gain probability vs. loss probability	1.36	1.00	+0.36
Calmar ratio: Return relative to maximum drawdown	2.47	-0.18	+2.64
Martin ratio: Return relative to average drawdown	9.68	-0.34	+10.02

ZTRE vs. OXLC - Sharpe Ratio Comparison

The current ZTRE Sharpe Ratio is 1.86, which is higher than the OXLC Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of ZTRE and OXLC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	ZTRE	OXLC	Difference
Max Drawdown Largest peak-to-trough decline	-1.45%	-74.58%	+73.13%
Max Drawdown (1Y) Largest decline over 1 year	-1.45%	-47.99%	+46.54%
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 Drawdown Current decline from peak	-0.10%	-30.25%	+30.15%
Average Drawdown Average peak-to-trough decline	-0.21%	-14.19%	+13.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	24.92%	-24.55%

Volatility

ZTRE vs. OXLC - Volatility Comparison

The current volatility for F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) is 0.65%, while Oxford Lane Capital Corp. (OXLC) has a volatility of 6.14%. 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.

Volatility by Period

	ZTRE	OXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.65%	6.14%	-5.49%
Volatility (6M) Calculated over the trailing 6-month period	1.58%	37.20%	-35.62%
Volatility (1Y) Calculated over the trailing 1-year period	1.93%	43.07%	-41.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.10%	28.65%	-26.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.10%	43.31%	-41.21%

Dividends

ZTRE vs. OXLC - Dividend Comparison

ZTRE's dividend yield for the trailing twelve months is around 4.56%, less than OXLC's 66.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OXLC Oxford Lane Capital Corp.	66.85%	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	4.23%	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

Can I hold both ZTRE and OXLC in my portfolio?

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.

Which is riskier, ZTRE or OXLC?

OXLC has higher volatility (6.14%) compared to ZTRE (0.65%). In terms of maximum drawdown, ZTRE dropped -1.45% vs OXLC's -74.58%.

Which has better risk-adjusted returns?

ZTRE currently has the higher Sharpe Ratio (1.86 vs -0.20), 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.