HFXI vs ZROZ

Comparison between NYLI FTSE INTERNATIONAL EQUITY CURRENCY NEUTRAL ETF (HFXI, ETF) and PIMCO 25+ YEAR ZERO COUPON U.S. TREASURY INDEX EXCHANGE-TRADED FUND (ZROZ, ETF).

5-Year PerformanceHFXI has outperformed ZROZ, delivering a return of +12.0% compared to -11.4%

HFXI vs ZROZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HFXI(ETF)	ZROZ(ETF)
Net Assets	$1.40B	$1.40B
Expense Ratio	0.20%	0.15%
Max Drawdown	34.20%	67.48%
Sharpe Ratio	1.99	-0.21
5Y Beta	0.73	0.11
5Y Dividends CAGR	26.25%	3.66%

Net Assets

HFXI

$1.40B

ZROZ

$1.40B

Expense Ratio

HFXI

0.20%

Winner

ZROZ

0.15%

Max Drawdown

Winner

HFXI

34.20%

ZROZ

67.48%

Sharpe Ratio

Winner

HFXI

1.99

ZROZ

-0.21

5Y Beta

HFXI

0.73

Winner

ZROZ

0.11

5Y Dividends CAGR

Winner

HFXI

26.25%

ZROZ

3.66%

HFXI vs ZROZ - Historical Returns

Returns include dividend reinvestment.

Period	HFXI	ZROZ
1 month	+4.00%	-1.33%
3 months	+4.57%	-0.95%
6 months	+18.78%	-4.75%
1 year	+36.43%	+0.27%
5 years(CAGR)	+12.01%	-11.36%
10 years(CAGR)	+11.41%	-3.79%
Max(CAGR)	+9.34%	+2.14%

Winner

HFXI

+4.00%

ZROZ

-1.33%

Winner

HFXI

+4.57%

ZROZ

-0.95%

Winner

HFXI

+18.78%

ZROZ

-4.75%

Winner

HFXI

+36.43%

ZROZ

+0.27%

5Y(CAGR)

Winner

HFXI

+12.01%

ZROZ

-11.36%

10Y(CAGR)

Winner

HFXI

+11.41%

ZROZ

-3.79%

Max(CAGR)

Winner

HFXI

+9.34%

ZROZ

+2.14%

HFXI vs ZROZ - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	HFXI	ZROZ
2026	+12.67%	-0.16%
2025	+30.00%	-1.87%
2024	+8.11%	-15.03%
2023	+18.35%	-1.52%
2022	-11.18%	-39.26%
2021	+13.38%	-4.79%
2020	+5.66%	+22.56%
2019	+20.05%	+20.05%
2018	-13.16%	-3.51%
2017	+21.53%	+13.87%
2016	+4.51%	-0.31%
2015	-7.15%	-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%

HFXI vs ZROZ Drawdown Comparison

The maximum drawdown for HFXI was -32.42%, occurring on Mar 16, 2020. Recovery took 214 trading sessions.

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

The current HFXI drawdown is -0.14%. The current ZROZ drawdown is -59.76%.

Rank	HFXI	ZROZ
#1	-32.42% Jan 17, 2020 - Nov 20, 2020	-62.94% Mar 9, 2020 - Oct 19, 2023
#2	-22.34% Sep 7, 2021 - Jun 13, 2023	-32.29% Jul 25, 2012 - Dec 11, 2014
#3	-20.76% Aug 10, 2015 - Mar 15, 2017	-28.88% Aug 26, 2010 - Aug 10, 2011
#4	-19.69% Jan 26, 2018 - Nov 5, 2019	-25.82% Jan 30, 2015 - Jun 27, 2016
#5	-13.52% Mar 19, 2025 - May 2, 2025	-25.21% Jul 8, 2016 - Aug 2, 2019
#6	-10.83% Feb 25, 2026 - May 6, 2026	-18.35% Oct 3, 2011 - Dec 19, 2011
#7	-9.62% Jul 28, 2023 - Dec 11, 2023	-17.49% Dec 19, 2011 - May 17, 2012
#8	-8.98% Jul 12, 2024 - Aug 30, 2024	-15.67% Nov 27, 2009 - May 6, 2010
#9	-6.77% Sep 26, 2024 - Feb 13, 2025	-12.23% Aug 28, 2019 - Feb 20, 2020
#10	-5.09% Nov 12, 2025 - Dec 15, 2025	-9.10% Aug 10, 2011 - Aug 18, 2011
#11	-4.60% Jun 15, 2021 - Aug 11, 2021	-8.29% May 6, 2010 - May 20, 2010
#12	-4.28% Jan 8, 2021 - Feb 11, 2021	-7.85% Sep 22, 2011 - Oct 3, 2011
#13	-4.02% Mar 27, 2024 - May 7, 2024	-7.18% Aug 19, 2011 - Sep 2, 2011
#14	-3.63% Jul 23, 2025 - Aug 12, 2025	-7.09% Jun 1, 2012 - Jul 20, 2012
#15	-3.52% Jun 15, 2023 - Jul 13, 2023	-6.88% Jul 1, 2010 - Aug 16, 2010

Correlation

Correlation between HFXI and ZROZ is -0.48 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.48

-101

Dividend Comparison (2009 - 2026)

HFXI vs ZROZ dividend yield comparison.

Year	HFXI	ZROZ
2026	0.26%	1.30%
2025	4.19%	4.96%
2024	2.68%	4.58%
2023	2.49%	3.52%
2022	4.65%	2.76%
2021	3.10%	1.60%
2020	2.00%	1.68%
2019	3.19%	2.22%
2018	4.33%	2.06%
2017	2.56%	2.53%
2016	2.71%	3.00%
2015	0.78%	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%