ZTRE vs. ZTWO
Compare and contrast key facts about F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) and F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO).
ZTRE and ZTWO 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. ZTWO is a passively managed fund by F/m that tracks the performance of the ICE 2-Year US Target Maturity Corporate Index - Benchmark TR Gross. It was launched on Jan 10, 2024. Both ZTRE and ZTWO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZTRE or ZTWO.
Key characteristics
| ZTRE | ZTWO | |
|---|---|---|
| Daily Std Dev | 2.51% | 1.68% |
| Max Drawdown | -1.05% | -0.53% |
| Current Drawdown | -0.05% | -0.06% |
Correlation
The correlation between ZTRE and ZTWO is 0.95, 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.
Performance
ZTRE vs. ZTWO - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZTRE vs. ZTWO - Expense Ratio Comparison
Both ZTRE and ZTWO have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
ZTRE vs. ZTWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) and F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO). 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.
Not enough dataDividends
ZTRE vs. ZTWO - Dividend Comparison
ZTRE's dividend yield for the trailing twelve months is around 2.93%, less than ZTWO's 3.01% yield.
Drawdowns
ZTRE vs. ZTWO - Drawdown Comparison
The maximum ZTRE drawdown since its inception was -1.05%, which is greater than ZTWO's maximum drawdown of -0.53%. Use the drawdown chart below to compare losses from any high point for ZTRE and ZTWO. For additional features, visit the drawdowns tool.
Volatility
ZTRE vs. ZTWO - Volatility Comparison
F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) has a higher volatility of 0.52% compared to F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) at 0.39%. This indicates that ZTRE's price experiences larger fluctuations and is considered to be riskier than ZTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.