BWX vs. FLIA
Compare and contrast key facts about SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) and Franklin Liberty International Aggregate Bond ETF (FLIA).
BWX and FLIA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BWX is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Treasury x US Capped (Inception 8/31/2007). It was launched on Oct 2, 2007. FLIA is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018.
Performance
BWX vs. FLIA - Performance Comparison
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BWX vs. FLIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | -1.99% | 7.67% | -5.93% | 5.10% | -19.72% | -8.67% | 9.50% | 5.58% | -0.59% |
FLIA Franklin Liberty International Aggregate Bond ETF | 0.40% | 2.12% | 2.42% | 7.17% | -7.68% | -1.98% | 1.37% | 7.58% | -2.59% |
Returns By Period
In the year-to-date period, BWX achieves a -1.99% return, which is significantly lower than FLIA's 0.40% return.
BWX
- 1D
- 0.25%
- 1M
- -3.14%
- YTD
- -1.99%
- 6M
- -3.38%
- 1Y
- 2.67%
- 3Y*
- 0.31%
- 5Y*
- -4.03%
- 10Y*
- -1.17%
FLIA
- 1D
- 0.42%
- 1M
- -1.03%
- YTD
- 0.40%
- 6M
- 0.73%
- 1Y
- 2.52%
- 3Y*
- 3.17%
- 5Y*
- 0.74%
- 10Y*
- —
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BWX vs. FLIA - Expense Ratio Comparison
BWX has a 0.35% expense ratio, which is higher than FLIA's 0.25% expense ratio.
Return for Risk
BWX vs. FLIA — Risk / Return Rank
BWX
FLIA
BWX vs. FLIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) and Franklin Liberty International Aggregate Bond ETF (FLIA). 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.
| BWX | FLIA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.30 | 0.79 | -0.49 |
Sortino ratioReturn per unit of downside risk | 0.52 | 1.13 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.14 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.47 | 1.55 | -1.08 |
Martin ratioReturn relative to average drawdown | 1.14 | 5.12 | -3.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BWX | FLIA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.79 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.17 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.21 | -0.16 |
Correlation
The correlation between BWX and FLIA is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BWX vs. FLIA - Dividend Comparison
BWX's dividend yield for the trailing twelve months is around 2.30%, less than FLIA's 2.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | 2.30% | 2.19% | 1.99% | 1.63% | 1.23% | 0.93% | 0.95% | 1.16% | 1.07% | 0.46% |
FLIA Franklin Liberty International Aggregate Bond ETF | 2.61% | 2.62% | 2.97% | 0.93% | 18.12% | 2.26% | 0.43% | 2.93% | 1.23% | 0.00% |
Drawdowns
BWX vs. FLIA - Drawdown Comparison
The maximum BWX drawdown since its inception was -34.05%, which is greater than FLIA's maximum drawdown of -11.24%. Use the drawdown chart below to compare losses from any high point for BWX and FLIA.
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Drawdown Indicators
| BWX | FLIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.05% | -11.24% | -22.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -2.04% | -4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -31.25% | -9.42% | -21.83% |
Max Drawdown (10Y)Largest decline over 10 years | -34.05% | — | — |
Current DrawdownCurrent decline from peak | -24.04% | -1.41% | -22.63% |
Average DrawdownAverage peak-to-trough decline | -9.92% | -3.86% | -6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 0.62% | +1.92% |
Volatility
BWX vs. FLIA - Volatility Comparison
SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) has a higher volatility of 3.27% compared to Franklin Liberty International Aggregate Bond ETF (FLIA) at 1.59%. This indicates that BWX's price experiences larger fluctuations and is considered to be riskier than FLIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWX | FLIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 1.59% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 5.11% | 2.16% | +2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 3.60% | +5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.62% | 4.38% | +5.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.64% | 4.73% | +3.91% |