BWX vs. IGOV
Compare and contrast key facts about SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) and iShares International Treasury Bond ETF (IGOV).
BWX and IGOV 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. IGOV is a passively managed fund by iShares that tracks the performance of the S&P/Citigroup International Treasury Bond Index Ex-US. It was launched on Jan 21, 2009. Both BWX and IGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BWX or IGOV.
Key characteristics
| BWX | IGOV | |
|---|---|---|
| YTD Return | -5.68% | -6.10% |
| 1Y Return | -4.36% | -4.27% |
| 3Y Return (Ann) | -8.72% | -9.74% |
| 5Y Return (Ann) | -3.53% | -4.24% |
| 10Y Return (Ann) | -2.26% | -2.63% |
| Sharpe Ratio | -0.42 | -0.40 |
| Daily Std Dev | 9.32% | 9.44% |
| Max Drawdown | -34.00% | -35.88% |
| Current Drawdown | -27.77% | -30.24% |
Correlation
The correlation between BWX and IGOV is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BWX vs. IGOV - Performance Comparison
In the year-to-date period, BWX achieves a -5.68% return, which is significantly higher than IGOV's -6.10% return. Over the past 10 years, BWX has outperformed IGOV with an annualized return of -2.26%, while IGOV has yielded a comparatively lower -2.63% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BWX vs. IGOV - Expense Ratio Comparison
Both BWX and IGOV have an expense ratio of 0.35%.
Risk-Adjusted Performance
BWX vs. IGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) and iShares International Treasury Bond ETF (IGOV). 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.
Dividends
BWX vs. IGOV - Dividend Comparison
BWX's dividend yield for the trailing twelve months is around 1.82%, while IGOV has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | 1.82% | 1.63% | 1.23% | 1.00% | 1.02% | 1.16% | 1.17% | 0.46% | 0.00% | 0.00% | 1.77% | 1.86% |
IGOV iShares International Treasury Bond ETF | 0.00% | 0.00% | 0.11% | 0.39% | 0.00% | 0.24% | 0.31% | 0.19% | 0.69% | 0.22% | 1.28% | 1.32% |
Drawdowns
BWX vs. IGOV - Drawdown Comparison
The maximum BWX drawdown since its inception was -34.00%, smaller than the maximum IGOV drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for BWX and IGOV. For additional features, visit the drawdowns tool.
Volatility
BWX vs. IGOV - Volatility Comparison
SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) and iShares International Treasury Bond ETF (IGOV) have volatilities of 2.90% and 2.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.