ZTRE vs. VGSH
Compare and contrast key facts about F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) and Vanguard Short-Term Treasury ETF (VGSH).
ZTRE and VGSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZTRE is a passively managed fund by F/m that tracks the performance of the ICE 3-Year US Target Maturity Corporate Index - Benchmark TR Gross. It was launched on Jan 10, 2024. VGSH is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Nov 19, 2009. Both ZTRE and VGSH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ZTRE vs. VGSH - Performance Comparison
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ZTRE vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF | -0.00% | 6.60% | 0.38% |
VGSH Vanguard Short-Term Treasury ETF | 0.28% | 5.07% | 0.29% |
Returns By Period
ZTRE
- 1D
- 0.34%
- 1M
- -0.78%
- YTD
- -0.00%
- 6M
- 1.22%
- 1Y
- 4.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGSH
- 1D
- 0.09%
- 1M
- -0.49%
- YTD
- 0.28%
- 6M
- 1.37%
- 1Y
- 3.75%
- 3Y*
- 3.98%
- 5Y*
- 1.79%
- 10Y*
- 1.74%
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ZTRE vs. VGSH - Expense Ratio Comparison
ZTRE has a 0.15% expense ratio, which is higher than VGSH'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%.
Return for Risk
ZTRE vs. VGSH — Risk / Return Rank
ZTRE
VGSH
ZTRE vs. VGSH - 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 Treasury ETF (VGSH). 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.
| ZTRE | VGSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 2.62 | -0.49 |
Sortino ratioReturn per unit of downside risk | 3.22 | 4.21 | -0.99 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.57 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 3.18 | 4.26 | -1.08 |
Martin ratioReturn relative to average drawdown | 13.40 | 16.28 | -2.88 |
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
| ZTRE | VGSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.62 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.92 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.60 | 1.02 | +1.58 |
Correlation
The correlation between ZTRE and VGSH is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ZTRE vs. VGSH - Dividend Comparison
ZTRE's dividend yield for the trailing twelve months is around 4.68%, more than VGSH's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF | 4.68% | 4.37% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 3.95% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Drawdowns
ZTRE vs. VGSH - Drawdown Comparison
The maximum ZTRE drawdown since its inception was -1.45%, smaller than the maximum VGSH drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for ZTRE and VGSH.
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Drawdown Indicators
| ZTRE | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.45% | -5.70% | +4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -0.88% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | -0.81% | -0.49% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -0.60% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 0.23% | +0.11% |
Volatility
ZTRE vs. VGSH - Volatility Comparison
F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) has a higher volatility of 0.96% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.52%. This indicates that ZTRE's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTRE | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.52% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 1.29% | 0.84% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 1.44% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.12% | 1.96% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.12% | 1.57% | +0.55% |