BWX vs. RFDA
BWX (SPDR Bloomberg Barclays International Treasury Bond ETF) and RFDA (RiverFront Dynamic US Dividend Advantage ETF) are both exchange-traded funds - BWX is a International Government Bonds fund tracking the Bloomberg Global Treasury x US Capped (Inception 8/31/2007), while RFDA is a Large Cap Growth Equities fund actively managed by SS&C. BWX is passively managed, while RFDA is actively managed. Over the past 5 years, BWX returned -4.48%/yr vs 13.17%/yr for RFDA. At a 0.14 correlation, their price movements are largely independent. BWX charges 0.35%/yr vs 0.52%/yr for RFDA.
Performance
BWX vs. RFDA - Performance Comparison
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Returns By Period
In the year-to-date period, BWX achieves a -1.91% return, which is significantly lower than RFDA's 11.40% return.
BWX
- 1D
- -0.59%
- 1M
- -0.88%
- YTD
- -1.91%
- 6M
- -1.77%
- 1Y
- -2.28%
- 3Y*
- 1.18%
- 5Y*
- -4.48%
- 10Y*
- -1.28%
RFDA
- 1D
- -0.92%
- 1M
- 4.27%
- YTD
- 11.40%
- 6M
- 12.25%
- 1Y
- 29.49%
- 3Y*
- 19.19%
- 5Y*
- 13.17%
- 10Y*
- —
BWX vs. RFDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | -1.91% | 7.67% | -5.93% | 5.10% | -19.72% | -8.67% | 9.50% | 5.58% | -1.85% | 9.93% |
RFDA RiverFront Dynamic US Dividend Advantage ETF | 11.40% | 16.42% | 20.12% | 16.98% | -8.58% | 25.94% | 11.26% | 27.15% | -9.27% | 19.86% |
Correlation
The correlation between BWX and RFDA is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2016 | 0.14 |
The correlation between BWX and RFDA shifts across timeframes, from 0.14 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BWX vs. RFDA — Risk / Return Rank
BWX
RFDA
BWX vs. RFDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) and RiverFront Dynamic US Dividend Advantage ETF (RFDA). 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 | RFDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.47 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 5.44 | -5.81 |
| Martin ratioReturn relative to average drawdown | -0.76 | 19.87 | -20.63 |
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 | RFDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 2.55 | -2.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.84 | -1.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.79 | -0.74 |
Drawdowns
BWX vs. RFDA - Drawdown Comparison
The maximum BWX drawdown since its inception was -34.05%, roughly equal to the maximum RFDA drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for BWX and RFDA.
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Drawdown Indicators
| BWX | RFDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.05% | -34.60% | +0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -5.45% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -10.22% | -19.35% | +9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -31.25% | -19.35% | -11.90% |
Max Drawdown (10Y)Largest decline over 10 years | -34.05% | — | — |
Current DrawdownCurrent decline from peak | -23.98% | -0.92% | -23.06% |
Average DrawdownAverage peak-to-trough decline | -10.05% | -3.74% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 1.49% | +1.51% |
Volatility
BWX vs. RFDA - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) is 2.41%, while RiverFront Dynamic US Dividend Advantage ETF (RFDA) has a volatility of 2.66%. This indicates that BWX experiences smaller price fluctuations and is considered to be less risky than RFDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWX | RFDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 2.66% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 5.79% | 8.47% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.70% | 11.64% | -3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.69% | 15.73% | -6.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.66% | 16.85% | -8.19% |
BWX vs. RFDA - Expense Ratio Comparison
BWX has a 0.35% expense ratio, which is lower than RFDA's 0.52% expense ratio.
Dividends
BWX vs. RFDA - Dividend Comparison
BWX's dividend yield for the trailing twelve months is around 2.37%, more than RFDA's 1.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | 2.37% | 2.19% | 1.99% | 1.63% | 1.23% | 0.93% | 0.95% | 1.16% | 1.07% | 0.46% | 0.00% |
RFDA RiverFront Dynamic US Dividend Advantage ETF | 1.77% | 1.89% | 2.23% | 2.68% | 3.57% | 1.44% | 1.62% | 1.87% | 2.44% | 1.90% | 0.98% |
Frequently Asked Questions
BWX and RFDA have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RFDA has higher volatility (2.66%) compared to BWX (2.41%). In terms of maximum drawdown, BWX dropped -34.05% vs RFDA's -34.60%.
On 5-year performance, RFDA leads with 13.17% vs -4.48% for BWX. On fees, BWX is cheaper at 0.35% per year. On volatility, BWX has been the lower-risk option at 2.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, RFDA has performed better with a 13.17% return vs -4.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BWX is cheaper with a 0.35% expense ratio, compared with 0.52% for RFDA.
BWX has the higher dividend yield at 2.37%, compared with 1.77% for RFDA.
BWX is categorized as International Government Bonds, while RFDA is Large Cap Growth Equities. They also come from different issuers: State Street and SS&C. Their fees differ too: 0.35% for BWX and 0.52% for RFDA.
RFDA currently has the higher Sharpe Ratio (2.55 vs -0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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