TNXT vs ZTWO
Comparison between T. ROWE PRICE INNOVATION LEADERS ETF (TNXT, ETF) and F/M 2-YEAR INVESTMENT GRADE CORPORATE BOND ETF (ZTWO, ETF).
TNXT vs ZTWO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TNXT
$18M
ZTWO
$18M
Expense Ratio
TNXT
0.49%
Winner
ZTWO
0.15%
Max Drawdown
TNXT
12.97%
Winner
ZTWO
1.31%
Sharpe Ratio
Winner
TNXT
0.98
ZTWO
-0.13
5Y Beta
TNXT
1.39
Winner
ZTWO
0.02
P/E Ratio
TNXT
58.84
ZTWO
N/A
Forward P/E
TNXT
21.18
ZTWO
N/A
5Y EPS CAGR
TNXT
29.08%
ZTWO
N/A
P/S Ratio
TNXT
2.25
ZTWO
N/A
P/B Ratio
TNXT
7.23
ZTWO
N/A
TNXT vs ZTWO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TNXT
+0.57%
ZTWO
+0.33%
3M
Winner
TNXT
+9.83%
ZTWO
+0.57%
6M
Winner
TNXT
+10.94%
ZTWO
+1.07%
1Y
TNXT
N/A
ZTWO
+3.60%
Max(CAGR)
Winner
TNXT
+24.50%
ZTWO
+4.45%
TNXT vs ZTWO - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | TNXT | ZTWO |
|---|---|---|
| 2026 | +10.94% | +1.14% |
| 2025 | N/A | +5.54% |
| 2024 | N/A | +0.36% |
TNXT vs ZTWO Drawdown Comparison
The maximum drawdown for TNXT was -12.97%, occurring on Mar 30, 2026. Recovery took 52 trading sessions.
The maximum drawdown for ZTWO was -0.93%, occurring on Mar 26, 2026. Recovery took 47 trading sessions.
The current TNXT drawdown is -1.74%. The current ZTWO drawdown is -0.18%.
| Rank | TNXT | ZTWO |
|---|---|---|
| #1 | -12.97% Jan 29, 2026 - Apr 15, 2026 | -0.93% Feb 27, 2026 - May 6, 2026 |
| #2 | -6.43% Jun 1, 2026 - Jun 30, 2026 | -0.67% Apr 3, 2025 - Apr 24, 2025 |
| #3 | -3.29% Jul 9, 2026 - Jul 20, 2026 | -0.31% Apr 30, 2025 - May 27, 2025 |
| #4 | -3.00% May 14, 2026 - May 26, 2026 | -0.28% Jun 16, 2026 - Jun 26, 2026 |
| #5 | -1.31% Apr 24, 2026 - May 1, 2026 | -0.27% Mar 10, 2025 - Mar 19, 2025 |
| #6 | -1.19% Apr 17, 2026 - Apr 24, 2026 | -0.26% May 6, 2026 - May 27, 2026 |
| #7 | -1.10% Jul 6, 2026 - Jul 9, 2026 | -0.24% Jul 2, 2026 - Jul 15, 2026 |
| #8 | -0.98% Jun 30, 2026 - Jul 6, 2026 | -0.23% May 29, 2026 - Jun 11, 2026 |
| #9 | -0.65% May 11, 2026 - May 13, 2026 | -0.23% Oct 24, 2025 - Nov 11, 2025 |
| #10 | -0.61% May 6, 2026 - May 8, 2026 | -0.23% Jun 30, 2025 - Jul 21, 2025 |
| #11 | -0.29% May 28, 2026 - Jun 1, 2026 | -0.21% Sep 16, 2025 - Oct 1, 2025 |
| #12 | N/A | -0.20% Dec 30, 2024 - Jan 15, 2025 |
| #13 | N/A | -0.18% Jul 15, 2026 - Jul 21, 2026 |
| #14 | N/A | -0.18% Jun 4, 2025 - Jun 11, 2025 |
| #15 | N/A | -0.17% Feb 5, 2025 - Feb 14, 2025 |
Correlation
Correlation between TNXT and ZTWO is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
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