BWZ vs. BNDX
Compare and contrast key facts about SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) and Vanguard Total International Bond ETF (BNDX).
BWZ and BNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BWZ is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Treasury (1-3 Y) Customized. It was launched on Jan 15, 2009. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013. Both BWZ and BNDX 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: BWZ or BNDX.
Key characteristics
| BWZ | BNDX | |
|---|---|---|
| YTD Return | -1.53% | 2.80% |
| 1Y Return | 3.68% | 8.65% |
| 3Y Return (Ann) | -3.63% | -1.07% |
| 5Y Return (Ann) | -1.81% | 0.01% |
| 10Y Return (Ann) | -1.59% | 2.02% |
| Sharpe Ratio | 0.56 | 1.93 |
| Sortino Ratio | 0.86 | 2.96 |
| Omega Ratio | 1.10 | 1.34 |
| Calmar Ratio | 0.13 | 0.66 |
| Martin Ratio | 1.16 | 7.32 |
| Ulcer Index | 3.28% | 1.12% |
| Daily Std Dev | 6.83% | 4.25% |
| Max Drawdown | -34.23% | -16.23% |
| Current Drawdown | -26.49% | -4.78% |
Correlation
The correlation between BWZ and BNDX is 0.21, 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.
Performance
BWZ vs. BNDX - Performance Comparison
In the year-to-date period, BWZ achieves a -1.53% return, which is significantly lower than BNDX's 2.80% return. Over the past 10 years, BWZ has underperformed BNDX with an annualized return of -1.59%, while BNDX has yielded a comparatively higher 2.02% 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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BWZ vs. BNDX - Expense Ratio Comparison
BWZ has a 0.35% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Risk-Adjusted Performance
BWZ vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) and Vanguard Total International Bond ETF (BNDX). 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
BWZ vs. BNDX - Dividend Comparison
BWZ's dividend yield for the trailing twelve months is around 2.33%, less than BNDX's 4.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWZ SPDR Bloomberg Barclays Short Term International Treasury Bond ETF | 2.33% | 1.63% | 0.44% | 0.60% | 0.13% | 0.43% | 1.10% | 0.40% | 0.13% | 0.06% | 0.19% | 0.09% |
BNDX Vanguard Total International Bond ETF | 4.78% | 4.42% | 1.52% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% | 0.86% |
Drawdowns
BWZ vs. BNDX - Drawdown Comparison
The maximum BWZ drawdown since its inception was -34.23%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for BWZ and BNDX. For additional features, visit the drawdowns tool.
Volatility
BWZ vs. BNDX - Volatility Comparison
SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) has a higher volatility of 1.85% compared to Vanguard Total International Bond ETF (BNDX) at 0.87%. This indicates that BWZ's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.