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BWX vs. BWZ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BWX and BWZ is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.2

Performance

BWX vs. BWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) and SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%NovemberDecember2025FebruaryMarchApril
9.57%
-5.03%
BWX
BWZ

Key characteristics

Sharpe Ratio

BWX:

0.91

BWZ:

1.09

Sortino Ratio

BWX:

1.47

BWZ:

1.75

Omega Ratio

BWX:

1.17

BWZ:

1.20

Calmar Ratio

BWX:

0.28

BWZ:

0.28

Martin Ratio

BWX:

1.72

BWZ:

2.12

Ulcer Index

BWX:

4.77%

BWZ:

4.01%

Daily Std Dev

BWX:

9.04%

BWZ:

7.80%

Max Drawdown

BWX:

-34.00%

BWZ:

-34.23%

Current Drawdown

BWX:

-22.24%

BWZ:

-23.02%

Returns By Period

In the year-to-date period, BWX achieves a 7.94% return, which is significantly lower than BWZ's 8.89% return. Over the past 10 years, BWX has underperformed BWZ with an annualized return of -0.64%, while BWZ has yielded a comparatively higher -0.49% annualized return.


BWX

YTD

7.94%

1M

5.94%

6M

4.44%

1Y

8.99%

5Y*

-2.31%

10Y*

-0.64%

BWZ

YTD

8.89%

1M

4.80%

6M

5.49%

1Y

9.03%

5Y*

-0.37%

10Y*

-0.49%

*Annualized

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BWX vs. BWZ - Expense Ratio Comparison

Both BWX and BWZ have an expense ratio of 0.35%.


Expense ratio chart for BWX: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BWX: 0.35%
Expense ratio chart for BWZ: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BWZ: 0.35%

Risk-Adjusted Performance

BWX vs. BWZ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BWX
The Risk-Adjusted Performance Rank of BWX is 6767
Overall Rank
The Sharpe Ratio Rank of BWX is 7878
Sharpe Ratio Rank
The Sortino Ratio Rank of BWX is 8080
Sortino Ratio Rank
The Omega Ratio Rank of BWX is 7676
Omega Ratio Rank
The Calmar Ratio Rank of BWX is 4646
Calmar Ratio Rank
The Martin Ratio Rank of BWX is 5656
Martin Ratio Rank

BWZ
The Risk-Adjusted Performance Rank of BWZ is 7171
Overall Rank
The Sharpe Ratio Rank of BWZ is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of BWZ is 8585
Sortino Ratio Rank
The Omega Ratio Rank of BWZ is 8080
Omega Ratio Rank
The Calmar Ratio Rank of BWZ is 4646
Calmar Ratio Rank
The Martin Ratio Rank of BWZ is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BWX vs. BWZ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) and SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The chart of Sharpe ratio for BWX, currently valued at 0.91, compared to the broader market-1.000.001.002.003.004.00
BWX: 0.91
BWZ: 1.09
The chart of Sortino ratio for BWX, currently valued at 1.47, compared to the broader market-2.000.002.004.006.008.00
BWX: 1.47
BWZ: 1.75
The chart of Omega ratio for BWX, currently valued at 1.17, compared to the broader market0.501.001.502.002.50
BWX: 1.17
BWZ: 1.20
The chart of Calmar ratio for BWX, currently valued at 0.28, compared to the broader market0.002.004.006.008.0010.0012.00
BWX: 0.28
BWZ: 0.28
The chart of Martin ratio for BWX, currently valued at 1.72, compared to the broader market0.0020.0040.0060.00
BWX: 1.72
BWZ: 2.12

The current BWX Sharpe Ratio is 0.91, which is comparable to the BWZ Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of BWX and BWZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
0.91
1.09
BWX
BWZ

Dividends

BWX vs. BWZ - Dividend Comparison

BWX's dividend yield for the trailing twelve months is around 1.86%, less than BWZ's 2.29% yield.


TTM20242023202220212020201920182017201620152014
BWX
SPDR Bloomberg Barclays International Treasury Bond ETF
1.86%1.99%1.62%1.23%1.00%0.95%1.16%1.17%0.46%0.00%0.00%1.77%
BWZ
SPDR Bloomberg Barclays Short Term International Treasury Bond ETF
2.29%2.47%1.63%0.44%0.60%0.13%0.43%1.10%0.40%0.13%0.06%0.19%

Drawdowns

BWX vs. BWZ - Drawdown Comparison

The maximum BWX drawdown since its inception was -34.00%, roughly equal to the maximum BWZ drawdown of -34.23%. Use the drawdown chart below to compare losses from any high point for BWX and BWZ. For additional features, visit the drawdowns tool.


-30.00%-28.00%-26.00%-24.00%-22.00%NovemberDecember2025FebruaryMarchApril
-22.24%
-23.02%
BWX
BWZ

Volatility

BWX vs. BWZ - Volatility Comparison

SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) has a higher volatility of 4.48% compared to SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) at 3.38%. This indicates that BWX's price experiences larger fluctuations and is considered to be riskier than BWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%NovemberDecember2025FebruaryMarchApril
4.48%
3.38%
BWX
BWZ