All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

ZROZ: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

ZROZ real return snapshot: after CPI-U inflation, ZROZ returned −12.15% over the past year and −9.89% YTD, with dividends reinvested. Since Nov. 4, 2009, ZROZ is down −13.98% in real purchasing-power return, or −0.89%/yr, and is currently −70.87% below its real total-return high on Mar. 9, 2020.

Data ending Fri Sep. 18, 2026

Growth of $10,000

Wed 2009-11-04💬 to Fri 2026-09-18 Overall
Return 		Exponential
Trendline
ZROZ × 		−13.98%
−0.89%/yr 		−0.38%/yr
R2=0.004
PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund Exchange-Traded Fund

Growth of $10,000 Summary

Wed 2009-11-04💬 to Fri 2026-09-18 Start
Value 		End
Value
ZROZ × 		$10,000.00
2009-11-04 		$8,602.09
2026-09-18

This Year’s Performance

through 2026-09-18

  YTD YoY
ZROZ × 		−9.89% −12.15%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
ZROZ × 		−70.87%
on 2026-09-18
from 2020-03-09 peak 		−71.50%
on 2026-08-17
from 2020-03-09 peak

Rolling Returns

Period ending Fri 2026-09-18 1 yr 2 yr 3 yr 5 yr 10 yr
ZROZ × 		−12.15% −28.64%
−15.52%/yr 		−22.68%
−8.22%/yr 		−62.49%
−17.81%/yr 		−56.66%
−8.02%/yr

Annual Returns

Year ZROZ
2026 (YTD) −9.89%
2025 −4.40%
2024 −18.50%
2023 −2.09%
2022 −44.85%
2021 −11.45%
2020 +22.90%
2019 +18.51%
2018 −6.40%
2017 +12.39%
2016 −0.00%
2015 −6.81%
2014 +46.63%
2013 −22.09%
2012 −0.76%
2011 +55.74%
2010 +8.32%
2009 −6.17%