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

Correlation

The correlation between BWX and TLT is 0.13, 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: 0.1

Performance

BWX vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

0.00%20.00%40.00%60.00%80.00%NovemberDecember2025FebruaryMarchApril
12.94%
69.54%
BWX
TLT

Key characteristics

Sharpe Ratio

BWX:

0.91

TLT:

0.28

Sortino Ratio

BWX:

1.47

TLT:

0.48

Omega Ratio

BWX:

1.17

TLT:

1.06

Calmar Ratio

BWX:

0.28

TLT:

0.09

Martin Ratio

BWX:

1.72

TLT:

0.53

Ulcer Index

BWX:

4.77%

TLT:

7.52%

Daily Std Dev

BWX:

9.04%

TLT:

14.42%

Max Drawdown

BWX:

-34.00%

TLT:

-48.35%

Current Drawdown

BWX:

-22.24%

TLT:

-41.08%

Returns By Period

In the year-to-date period, BWX achieves a 7.94% return, which is significantly higher than TLT's 2.84% return. Over the past 10 years, BWX has outperformed TLT with an annualized return of -0.62%, while TLT has yielded a comparatively lower -1.03% annualized return.


BWX

YTD

7.94%

1M

5.94%

6M

4.44%

1Y

8.74%

5Y*

-2.42%

10Y*

-0.62%

TLT

YTD

2.84%

1M

0.04%

6M

-1.48%

1Y

5.49%

5Y*

-9.90%

10Y*

-1.03%

*Annualized

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BWX vs. TLT - Expense Ratio Comparison

BWX has a 0.35% expense ratio, which is higher than TLT's 0.15% expense ratio.


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 TLT: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TLT: 0.15%

Risk-Adjusted Performance

BWX vs. TLT — 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 6666
Overall Rank
The Sharpe Ratio Rank of BWX is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of BWX is 8080
Sortino Ratio Rank
The Omega Ratio Rank of BWX is 7474
Omega Ratio Rank
The Calmar Ratio Rank of BWX is 4444
Calmar Ratio Rank
The Martin Ratio Rank of BWX is 5454
Martin Ratio Rank

TLT
The Risk-Adjusted Performance Rank of TLT is 3333
Overall Rank
The Sharpe Ratio Rank of TLT is 3939
Sharpe Ratio Rank
The Sortino Ratio Rank of TLT is 3737
Sortino Ratio Rank
The Omega Ratio Rank of TLT is 3232
Omega Ratio Rank
The Calmar Ratio Rank of TLT is 2626
Calmar Ratio Rank
The Martin Ratio Rank of TLT is 3030
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. TLT - 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 20+ Year Treasury Bond ETF (TLT). 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
TLT: 0.28
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
TLT: 0.48
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
TLT: 1.06
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
TLT: 0.09
The chart of Martin ratio for BWX, currently valued at 1.72, compared to the broader market0.0020.0040.0060.00
BWX: 1.72
TLT: 0.53

The current BWX Sharpe Ratio is 0.91, which is higher than the TLT Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of BWX and TLT, 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
0.28
BWX
TLT

Dividends

BWX vs. TLT - Dividend Comparison

BWX's dividend yield for the trailing twelve months is around 1.87%, less than TLT's 4.24% yield.


TTM20242023202220212020201920182017201620152014
BWX
SPDR Bloomberg Barclays International Treasury Bond ETF
1.87%1.99%1.63%1.23%1.00%0.95%1.16%1.17%0.46%0.00%0.00%1.77%
TLT
iShares 20+ Year Treasury Bond ETF
4.24%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%

Drawdowns

BWX vs. TLT - Drawdown Comparison

The maximum BWX drawdown since its inception was -34.00%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for BWX and TLT. For additional features, visit the drawdowns tool.


-45.00%-40.00%-35.00%-30.00%-25.00%-20.00%NovemberDecember2025FebruaryMarchApril
-22.24%
-41.08%
BWX
TLT

Volatility

BWX vs. TLT - Volatility Comparison

The current volatility for SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) is 4.48%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 6.00%. This indicates that BWX experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%NovemberDecember2025FebruaryMarchApril
4.48%
6.00%
BWX
TLT