GARP vs ZROZ

Comparison between ISHARES MSCI USA QUALITY GARP ETF (GARP, ETF) and PIMCO 25+ YEAR ZERO COUPON U.S. TREASURY INDEX EXCHANGE-TRADED FUND (ZROZ, ETF).

5-Year PerformanceGARP has outperformed ZROZ, delivering a return of +18.6% compared to -11.4%

GARP vs ZROZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GARP(ETF)	ZROZ(ETF)
Net Assets	$1.40B	$1.40B
Expense Ratio	0.15%	0.15%
Max Drawdown	31.34%	67.48%
Sharpe Ratio	1.93	-0.21
5Y Beta	1.30	0.11
P/E Ratio	33.74	N/A
Forward P/E	22.27	N/A
5Y Dividends CAGR	1.40%	3.66%
5Y EPS CAGR	30.47%	N/A
Debt to Equity	30.06%	N/A
P/S Ratio	5.21	N/A
P/B Ratio	8.61	N/A

Net Assets

GARP

$1.40B

ZROZ

$1.40B

Expense Ratio

GARP

0.15%

ZROZ

0.15%

Max Drawdown

Winner

GARP

31.34%

ZROZ

67.48%

Sharpe Ratio

Winner

GARP

1.93

ZROZ

-0.21

5Y Beta

GARP

1.30

Winner

ZROZ

0.11

P/E Ratio

GARP

33.74

ZROZ

N/A

Forward P/E

GARP

22.27

ZROZ

N/A

5Y Dividends CAGR

GARP

1.40%

Winner

ZROZ

3.66%

5Y EPS CAGR

GARP

30.47%

ZROZ

N/A

Debt to Equity

GARP

30.06%

ZROZ

N/A

P/S Ratio

GARP

5.21

ZROZ

N/A

P/B Ratio

GARP

8.61

ZROZ

N/A

GARP vs ZROZ - Historical Returns

Returns include dividend reinvestment.

Period	GARP	ZROZ
1 month	+13.86%	-1.33%
3 months	+12.05%	-0.95%
6 months	+15.40%	-4.75%
1 year	+44.32%	+0.27%
5 years(CAGR)	+18.64%	-11.36%
10 years(CAGR)	N/A	-3.79%
Max(CAGR)	+20.26%	+2.14%

Winner

GARP

+13.86%

ZROZ

-1.33%

Winner

GARP

+12.05%

ZROZ

-0.95%

Winner

GARP

+15.40%

ZROZ

-4.75%

Winner

GARP

+44.32%

ZROZ

+0.27%

5Y(CAGR)

Winner

GARP

+18.64%

ZROZ

-11.36%

10Y(CAGR)

GARP

N/A

ZROZ

-3.79%

Max(CAGR)

Winner

GARP

+20.26%

ZROZ

+2.14%

GARP vs ZROZ - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	GARP	ZROZ
2026	+12.42%	-0.16%
2025	+21.82%	-1.87%
2024	+39.76%	-15.03%
2023	+44.20%	-1.52%
2022	-26.95%	-39.26%
2021	+29.87%	-4.79%
2020	+26.51%	+22.56%
2019	N/A	+20.05%
2018	N/A	-3.51%
2017	N/A	+13.87%
2016	N/A	-0.31%
2015	N/A	-7.39%
2014	N/A	+48.29%
2013	N/A	-19.11%
2012	N/A	+3.51%
2011	N/A	+61.75%
2010	N/A	+9.96%
2009	N/A	-6.29%

GARP vs ZROZ Drawdown Comparison

The maximum drawdown for GARP was -31.34%, occurring on Mar 23, 2020. Recovery took 76 trading sessions.

The maximum drawdown for ZROZ was -62.94%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current ZROZ drawdown is -59.76%.

Rank	GARP	ZROZ
#1	-31.34% Feb 19, 2020 - Jun 8, 2020	-62.94% Mar 9, 2020 - Oct 19, 2023
#2	-30.61% Dec 27, 2021 - Dec 1, 2023	-32.29% Jul 25, 2012 - Dec 11, 2014
#3	-23.73% Feb 19, 2025 - Jun 25, 2025	-28.88% Aug 26, 2010 - Aug 10, 2011
#4	-13.69% Jan 29, 2026 - Apr 16, 2026	-25.82% Jan 30, 2015 - Jun 27, 2016
#5	-13.45% Jul 10, 2024 - Oct 14, 2024	-25.21% Jul 8, 2016 - Aug 2, 2019
#6	-9.86% Sep 2, 2020 - Dec 1, 2020	-18.35% Oct 3, 2011 - Dec 19, 2011
#7	-9.27% Feb 12, 2021 - Apr 9, 2021	-17.49% Dec 19, 2011 - May 17, 2012
#8	-8.66% Oct 29, 2025 - Jan 6, 2026	-15.67% Nov 27, 2009 - May 6, 2010
#9	-8.34% Sep 3, 2021 - Oct 28, 2021	-12.23% Aug 28, 2019 - Feb 20, 2020
#10	-7.37% Mar 22, 2024 - May 14, 2024	-9.10% Aug 10, 2011 - Aug 18, 2011
#11	-6.13% Apr 26, 2021 - Jun 10, 2021	-8.29% May 6, 2010 - May 20, 2010
#12	-5.55% Jun 10, 2020 - Jun 23, 2020	-7.85% Sep 22, 2011 - Oct 3, 2011
#13	-5.41% Nov 19, 2021 - Dec 27, 2021	-7.18% Aug 19, 2011 - Sep 2, 2011
#14	-4.99% Dec 16, 2024 - Jan 22, 2025	-7.09% Jun 1, 2012 - Jul 20, 2012
#15	-4.32% Oct 14, 2024 - Nov 6, 2024	-6.88% Jul 1, 2010 - Aug 16, 2010

Correlation

Correlation between GARP and ZROZ is -0.71 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.71

-101

Dividend Comparison (2009 - 2026)

GARP vs ZROZ dividend yield comparison.

Year	GARP	ZROZ
2026	0.05%	1.30%
2025	0.31%	4.96%
2024	0.38%	4.58%
2023	0.75%	3.52%
2022	1.85%	2.76%
2021	0.67%	1.60%
2020	0.75%	1.68%
2019	0.00%	2.22%
2018	0.00%	2.06%
2017	0.00%	2.53%
2016	0.00%	3.00%
2015	0.00%	2.98%
2014	0.00%	2.60%
2013	0.00%	4.28%
2012	0.00%	3.16%
2011	0.00%	2.99%
2010	0.00%	4.55%
2009	0.00%	0.74%