BWX vs. GLD
Compare and contrast key facts about SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) and SPDR Gold Shares (GLD).
BWX and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the LBMA Gold Price PM. It was launched on Nov 18, 2004. Both BWX and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BWX vs. GLD - Performance Comparison
Loading graphics...
BWX vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | -2.24% | 7.67% | -5.93% | 5.10% | -19.72% | -8.67% | 9.50% | 5.58% | -1.85% | 9.93% |
GLD SPDR Gold Shares | 8.57% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Returns By Period
In the year-to-date period, BWX achieves a -2.24% return, which is significantly lower than GLD's 8.57% return. Over the past 10 years, BWX has underperformed GLD with an annualized return of -1.19%, while GLD has yielded a comparatively higher 13.92% annualized return.
BWX
- 1D
- 1.06%
- 1M
- -4.52%
- YTD
- -2.24%
- 6M
- -3.48%
- 1Y
- 2.64%
- 3Y*
- 0.23%
- 5Y*
- -4.08%
- 10Y*
- -1.19%
GLD
- 1D
- 3.79%
- 1M
- -11.05%
- YTD
- 8.57%
- 6M
- 21.05%
- 1Y
- 49.33%
- 3Y*
- 32.92%
- 5Y*
- 21.58%
- 10Y*
- 13.92%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BWX vs. GLD - Expense Ratio Comparison
BWX has a 0.35% expense ratio, which is lower than GLD's 0.40% expense ratio.
Return for Risk
BWX vs. GLD — Risk / Return Rank
BWX
GLD
BWX vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) and SPDR Gold Shares (GLD). 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 | GLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.30 | 1.79 | -1.49 |
Sortino ratioReturn per unit of downside risk | 0.51 | 2.21 | -1.70 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.33 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.44 | 2.68 | -2.24 |
Martin ratioReturn relative to average drawdown | 1.07 | 9.90 | -8.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BWX | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 1.79 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.43 | 1.22 | -1.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | 0.88 | -1.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.62 | -0.57 |
Correlation
The correlation between BWX and GLD is 0.45, 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. GLD - Dividend Comparison
BWX's dividend yield for the trailing twelve months is around 2.28%, while GLD has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | 2.28% | 2.19% | 1.99% | 1.63% | 1.23% | 0.93% | 0.95% | 1.16% | 1.07% | 0.46% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BWX vs. GLD - Drawdown Comparison
The maximum BWX drawdown since its inception was -34.05%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for BWX and GLD.
Loading graphics...
Drawdown Indicators
| BWX | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.05% | -45.56% | +11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -19.21% | +13.05% |
Max Drawdown (5Y)Largest decline over 5 years | -31.25% | -21.03% | -10.22% |
Max Drawdown (10Y)Largest decline over 10 years | -34.05% | -22.00% | -12.05% |
Current DrawdownCurrent decline from peak | -24.23% | -13.23% | -11.00% |
Average DrawdownAverage peak-to-trough decline | -9.92% | -16.17% | +6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 5.20% | -2.68% |
Volatility
BWX vs. GLD - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) is 3.37%, while SPDR Gold Shares (GLD) has a volatility of 11.06%. This indicates that BWX experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BWX | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 11.06% | -7.69% |
Volatility (6M)Calculated over the trailing 6-month period | 5.11% | 24.30% | -19.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 27.80% | -18.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.62% | 17.74% | -8.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.64% | 15.87% | -7.23% |