ZROZ — PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

ZROZ Price Performance — Growth of $10,000

Value of a $10,000 investment in ZROZ over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

ZROZ Drawdown

The "underwater" chart: ZROZ's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF is a government bond fund managed by PIMCO with $1.88 billion in assets. It holds United States Treasury securities, with the top ten positions comprising 53.3% of total assets. The fund carries a D grade and ranks 22nd out of 22 peers in the US Bonds - Government category. Its expense ratio of 0.15% is more than double the category median of 0.07%. Conversely, the 5.25% dividend yield significantly exceeds the peer median of 3.92%.

The fund’s price of $58.29 sits at 32.8% of its 52-week range, reflecting a recent one-day decline of 0.77% despite a weekly gain of 2.93%. Short-term momentum shows a one-month increase of 4.21%, contrasting with a year-to-date loss of 5.49% and a one-year return of -13.74%. This one-year performance lags the category median of -1.42% by a wide margin. The D grade has remained unchanged over the last 35 tracked days, indicating stable but poor ratings. Historical data is limited to 3.0 years, which constrains the long-term view.

With a beta of 3.57, the ETF exhibits high sensitivity to market movements compared to the broader index. Annualized volatility of 16.06% is classified as moderate, while the maximum drawdown reached -32.48%. The Sharpe ratio of -1.17 suggests that risk-adjusted returns have been negative. Liquidity is supported by an average daily volume of 1,091,959 shares. These metrics collectively describe a fund that has experienced significant downside pressure and poor risk-adjusted performance.

AI-generated summary based on the data on this page.

ZROZ Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 53.3% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how ZROZ's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With ZROZ

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with ZROZ's top 10 — AGG overlaps most, holding 1 of the same companies as ZROZ's top 10 (53.3% of ZROZ's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

ZROZ Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 1.1M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $1.88B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: ZROZ is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

ZROZ Performance History

How ZROZ Compares to Other US Bonds - Government ETFs