ZTWO vs. ZTRE
Compare and contrast key facts about F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) and F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE).
ZTWO and ZTRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both ZTWO and ZTRE 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: ZTWO or ZTRE.
Correlation
The correlation between ZTWO and ZTRE 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
ZTWO vs. ZTRE - Performance Comparison
Key characteristics
ZTWO:
3.71
ZTRE:
2.59
ZTWO:
6.14
ZTRE:
4.02
ZTWO:
1.84
ZTRE:
1.52
ZTWO:
9.25
ZTRE:
4.82
ZTWO:
26.51
ZTRE:
11.93
ZTWO:
0.22%
ZTRE:
0.51%
ZTWO:
1.58%
ZTRE:
2.33%
ZTWO:
-0.64%
ZTRE:
-1.25%
ZTWO:
0.00%
ZTRE:
0.00%
Returns By Period
In the year-to-date period, ZTWO achieves a 0.62% return, which is significantly lower than ZTRE's 0.76% return.
ZTWO
0.62%
0.47%
2.23%
5.76%
N/A
N/A
ZTRE
0.76%
0.61%
1.79%
5.90%
N/A
N/A
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ZTWO vs. ZTRE - Expense Ratio Comparison
Both ZTWO and ZTRE 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
ZTWO vs. ZTRE — Risk-Adjusted Performance Rank
ZTWO
ZTRE
ZTWO vs. ZTRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) and F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE). 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.
Dividends
ZTWO vs. ZTRE - Dividend Comparison
ZTWO's dividend yield for the trailing twelve months is around 4.97%, more than ZTRE's 4.91% yield.
| TTM | 2024 | |
|---|---|---|
ZTWO F/M 2-Year Investment Grade Corporate Bond ETF | 4.97% | 4.58% |
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF | 4.91% | 4.51% |
Drawdowns
ZTWO vs. ZTRE - Drawdown Comparison
The maximum ZTWO drawdown since its inception was -0.64%, smaller than the maximum ZTRE drawdown of -1.25%. Use the drawdown chart below to compare losses from any high point for ZTWO and ZTRE. For additional features, visit the drawdowns tool.
Volatility
ZTWO vs. ZTRE - Volatility Comparison
The current volatility for F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) is 0.33%, while F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) has a volatility of 0.49%. This indicates that ZTWO experiences smaller price fluctuations and is considered to be less risky than ZTRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.