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.
Performance
ZTWO vs. ZTRE - Performance Comparison
Loading graphics...
ZTWO vs. ZTRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTWO F/M 2-Year Investment Grade Corporate Bond ETF | 0.29% | 5.49% | 0.36% |
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF | 0.00% | 6.60% | 0.38% |
Returns By Period
ZTWO
- 1D
- 0.03%
- 1M
- -0.39%
- YTD
- 0.29%
- 6M
- 1.28%
- 1Y
- 4.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZTRE
- 1D
- 0.01%
- 1M
- -0.63%
- YTD
- 0.00%
- 6M
- 1.06%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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%.
Return for Risk
ZTWO vs. ZTRE — Risk / Return Rank
ZTWO
ZTRE
ZTWO vs. ZTRE - Risk-Adjusted Trends 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.
| ZTWO | ZTRE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.74 | 2.11 | +0.63 |
Sortino ratioReturn per unit of downside risk | 4.28 | 3.19 | +1.09 |
Omega ratioGain probability vs. loss probability | 1.60 | 1.43 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 4.56 | 3.17 | +1.39 |
Martin ratioReturn relative to average drawdown | 20.63 | 13.22 | +7.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ZTWO | ZTRE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.11 | +0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.24 | 2.60 | +0.64 |
Correlation
The correlation between ZTWO and ZTRE is 0.91, 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
ZTWO vs. ZTRE - Dividend Comparison
ZTWO's dividend yield for the trailing twelve months is around 4.19%, less than ZTRE's 4.29% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
ZTWO F/M 2-Year Investment Grade Corporate Bond ETF | 4.19% | 4.31% | 0.39% |
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF | 4.29% | 4.37% | 0.39% |
Drawdowns
ZTWO vs. ZTRE - Drawdown Comparison
The maximum ZTWO drawdown since its inception was -0.93%, smaller than the maximum ZTRE drawdown of -1.45%. Use the drawdown chart below to compare losses from any high point for ZTWO and ZTRE.
Loading graphics...
Drawdown Indicators
| ZTWO | ZTRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.93% | -1.45% | +0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -1.45% | +0.52% |
Current DrawdownCurrent decline from peak | -0.49% | -0.80% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -0.17% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.35% | -0.14% |
Volatility
ZTWO vs. ZTRE - Volatility Comparison
The current volatility for F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) is 0.61%, while F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) has a volatility of 0.96%. 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.
Loading graphics...
Volatility by Period
| ZTWO | ZTRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.96% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 0.89% | 1.29% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.53% | 2.16% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.50% | 2.12% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.50% | 2.12% | -0.62% |