BWX vs. VGT
BWX (SPDR Bloomberg Barclays International Treasury Bond ETF) and VGT (Vanguard Information Technology 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 VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, BWX returned -1.37%/yr vs 25.32%/yr for VGT. At a 0.12 correlation, their price movements are largely independent. BWX charges 0.35%/yr vs 0.09%/yr for VGT.
Performance
BWX vs. VGT - Performance Comparison
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Returns By Period
In the year-to-date period, BWX achieves a -2.00% return, which is significantly lower than VGT's 24.23% return. Over the past 10 years, BWX has underperformed VGT with an annualized return of -1.37%, while VGT has yielded a comparatively higher 25.32% annualized return.
BWX
- 1D
- -0.86%
- 1M
- 0.07%
- YTD
- -2.00%
- 6M
- -1.69%
- 1Y
- -2.92%
- 3Y*
- 0.82%
- 5Y*
- -4.15%
- 10Y*
- -1.37%
VGT
- 1D
- -0.75%
- 1M
- 4.28%
- YTD
- 24.23%
- 6M
- 28.20%
- 1Y
- 49.31%
- 3Y*
- 29.37%
- 5Y*
- 20.28%
- 10Y*
- 25.32%
BWX vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | -2.00% | 7.67% | -5.93% | 5.10% | -19.72% | -8.67% | 9.50% | 5.58% | -1.85% | 9.93% |
VGT Vanguard Information Technology ETF | 24.23% | 21.77% | 29.30% | 52.66% | -29.70% | 30.45% | 46.04% | 48.62% | 2.46% | 37.08% |
Correlation
The correlation between BWX and VGT is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2007 | 0.12 |
The correlation between BWX and VGT shifts across timeframes, from 0.12 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BWX vs. VGT — Risk / Return Rank
BWX
VGT
BWX vs. VGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) and Vanguard Information Technology ETF (VGT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BWX | VGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.37 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 3.02 | -3.50 |
| Martin ratioReturn relative to average drawdown | -0.92 | 9.29 | -10.22 |
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Drawdowns
BWX vs. VGT - Drawdown Comparison
The maximum BWX drawdown since its inception was -34.05%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for BWX and VGT.
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Drawdown Indicators
| BWX | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.05% | -54.63% | +20.58% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -16.40% | +10.24% |
Max Drawdown (3Y)Largest decline over 3 years | -10.22% | -27.23% | +17.01% |
Max Drawdown (5Y)Largest decline over 5 years | -30.78% | -35.07% | +4.29% |
Max Drawdown (10Y)Largest decline over 10 years | -34.05% | -35.07% | +1.02% |
Current DrawdownCurrent decline from peak | -24.05% | -7.03% | -17.02% |
Average DrawdownAverage peak-to-trough decline | -10.07% | -7.95% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 5.32% | -2.16% |
Volatility
BWX vs. VGT - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) is 2.38%, while Vanguard Information Technology ETF (VGT) has a volatility of 10.57%. This indicates that BWX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWX | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 10.57% | -8.19% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 18.18% | -12.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.70% | 22.28% | -14.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.70% | 25.47% | -15.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.67% | 24.76% | -16.09% |
BWX vs. VGT - Expense Ratio Comparison
BWX has a 0.35% expense ratio, which is higher than VGT's 0.09% expense ratio.
Dividends
BWX vs. VGT - Dividend Comparison
BWX's dividend yield for the trailing twelve months is around 2.38%, more than VGT's 0.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | 2.38% | 2.19% | 1.99% | 1.63% | 1.23% | 0.93% | 0.95% | 1.16% | 1.07% | 0.46% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.33% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
BWX and VGT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGT has higher volatility (10.57%) compared to BWX (2.38%). In terms of maximum drawdown, BWX dropped -34.05% vs VGT's -54.63%.
On 10-year performance, VGT leads with 25.32% vs -1.37% for BWX. On fees, VGT is cheaper at 0.09% per year. On volatility, BWX has been the lower-risk option at 2.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VGT has performed better with a 25.32% return vs -1.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGT is cheaper with a 0.09% expense ratio, compared with 0.35% for BWX.
BWX has the higher dividend yield at 2.38%, compared with 0.33% for VGT.
BWX is categorized as International Government Bonds, while VGT is Technology Equities. BWX tracks Bloomberg Global Treasury x US Capped (Inception 8/31/2007), while VGT tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.35% for BWX and 0.09% for VGT.
VGT currently has the higher Sharpe Ratio (2.23 vs -0.38), 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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