The PIMCO 25 Year Zero Coupon U.S. Treasury Index ETF (ZROZ) underperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a -0.75% one-day return and trailing the wider markets by a total of 0.98 percentage points.

Behind The Losses

ZROZ closed today at $111.53 per share, down $0.84 (-0.75%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed up $0.52 (+0.23%) on the day.

ZROZ’s trading volume today was a total of 29,732 shares, which was a decrease of 45% versus its average daily trading volume of 53,929. Rising trading volume generally an indicator of increased demand for a particular security, and is typically associated with a specific news event or trend that draws investors into or out of specific asset classes, or sectors or subsectors within those classes.

Including any dividends as well as today’s losses, ZROZ has now fallen a total of 2.67% year-to-date, versus a 1.57% gain in the S&P 500 during the same timeframe.

A Look Under The Hood

PIMCO 25 Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund is a Fixed Income-focused product issued by PIMCO ETFs. Its expense ratio of 0.16% makes it the #20 cheapest ETF among 27 total funds in the Government Bonds ETFs category.

ZROZ currently boasts $149.15M in assets under management (AUM), placing it #20 of 27 ETFs in its category, and #757 of 1917 total ETFs in the U.S. exchange traded universe.

The investment objective of the PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund ETF is to provide total return that closely corresponds to the total return of The BofA Merrill Lynch Long US Treasury Principal STRIPS Index.

ZROZ SMART Grade

ZROZ currently has an ETF Daily News SMART Grade of C (Neutral), and is ranked #24 of 27 funds in the Government Bonds ETFs category.

For more information about this ETF, including full ratings, news, data, and more, please visit ZROZ’s ticker page.

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