USVN vs ZTAX
Comparison between F/M US TREASURY 7 YEAR NOTE ETF (USVN, ETF) and X-Square Municipal Income Tax Free ETF (ZTAX, ETF).
USVN vs ZTAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
USVN
$7.10M
Winner
ZTAX
$7.20M
Expense Ratio
Winner
USVN
0.15%
ZTAX
0.92%
Max Drawdown
Winner
USVN
9.67%
ZTAX
19.10%
Sharpe Ratio
USVN
-0.56
Winner
ZTAX
0.20
5Y Beta
USVN
-0.01
Winner
ZTAX
-0.14
USVN vs ZTAX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
USVN
-0.82%
ZTAX
-1.84%
3M
USVN
-1.58%
Winner
ZTAX
-0.27%
6M
USVN
-1.21%
Winner
ZTAX
-0.29%
1Y
USVN
+1.63%
Winner
ZTAX
+6.57%
Max(CAGR)
USVN
+2.01%
Winner
ZTAX
+5.34%
USVN vs ZTAX - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | USVN | ZTAX |
|---|---|---|
| 2026 | -1.40% | -1.05% |
| 2025 | +7.58% | -1.04% |
| 2024 | +0.37% | +6.88% |
| 2023 | +0.67% | +9.11% |
USVN vs ZTAX Drawdown Comparison
The maximum drawdown for USVN was -8.26%, occurring on Oct 19, 2023. Recovery took 311 trading sessions.
The maximum drawdown for ZTAX was -15.33%, occurring on Apr 10, 2025. Recovery took 493 trading sessions.
The current USVN drawdown is -3.41%. The current ZTAX drawdown is -11.09%.
| Rank | USVN | ZTAX |
|---|---|---|
| #1 | -8.26% May 4, 2023 - Jul 31, 2024 | -15.33% Jun 21, 2024 - Jun 10, 2026 |
| #2 | -5.85% Sep 16, 2024 - Apr 4, 2025 | -11.90% Jul 25, 2023 - Mar 13, 2024 |
| #3 | -3.68% Feb 27, 2026 - May 19, 2026 | -11.26% Jun 16, 2026 - Jul 10, 2026 |
| #4 | -2.71% Apr 4, 2025 - Jun 30, 2025 | -9.50% Jun 10, 2026 - Jun 16, 2026 |
| #5 | -1.87% Apr 6, 2023 - May 3, 2023 | -8.04% May 25, 2023 - Jun 8, 2023 |
| #6 | -1.40% Jun 30, 2025 - Aug 1, 2025 | -7.38% Jun 17, 2024 - Jun 21, 2024 |
| #7 | -1.30% Nov 26, 2025 - Feb 12, 2026 | -6.42% Jun 21, 2023 - Jul 24, 2023 |
| #8 | -1.27% Aug 5, 2024 - Aug 21, 2024 | -5.83% Apr 24, 2024 - Jun 11, 2024 |
| #9 | -1.10% Oct 21, 2025 - Nov 24, 2025 | -4.44% Apr 15, 2024 - Apr 24, 2024 |
| #10 | -0.94% Sep 11, 2025 - Oct 13, 2025 | -4.41% Jun 8, 2023 - Jun 21, 2023 |
| #11 | -0.65% Aug 21, 2024 - Sep 4, 2024 | -3.88% Jun 11, 2024 - Jun 17, 2024 |
| #12 | -0.58% Aug 4, 2025 - Aug 22, 2025 | -2.10% Mar 22, 2024 - Mar 28, 2024 |
| #13 | -0.27% Aug 29, 2025 - Sep 3, 2025 | -1.76% Mar 28, 2024 - Apr 8, 2024 |
| #14 | -0.22% Feb 13, 2026 - Feb 23, 2026 | -1.30% Apr 8, 2024 - Apr 15, 2024 |
| #15 | -0.22% Sep 8, 2025 - Sep 11, 2025 | -0.54% May 22, 2023 - May 24, 2023 |
Correlation
Correlation between USVN and ZTAX is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.68
-101
Dividend Comparison (2023 - 2026)
USVN vs ZTAX dividend yield comparison.
| Year | USVN | ZTAX |
|---|---|---|
| 2026 | 1.93% | 4.48% |
| 2025 | 3.81% | 4.58% |
| 2024 | 4.07% | 4.55% |
| 2023 | 2.91% | 2.14% |
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