BWZ vs. BWX
Compare and contrast key facts about SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) and SPDR Bloomberg Barclays International Treasury Bond ETF (BWX).
BWZ and BWX 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. 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. Both BWZ and BWX 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 BWX.
Key characteristics
| BWZ | BWX | |
|---|---|---|
| YTD Return | -3.39% | -4.09% |
| 1Y Return | 2.03% | 3.63% |
| 3Y Return (Ann) | -4.24% | -7.33% |
| 5Y Return (Ann) | -2.15% | -3.79% |
| 10Y Return (Ann) | -1.77% | -1.52% |
| Sharpe Ratio | 0.24 | 0.44 |
| Sortino Ratio | 0.39 | 0.69 |
| Omega Ratio | 1.05 | 1.08 |
| Calmar Ratio | 0.06 | 0.13 |
| Martin Ratio | 0.52 | 0.87 |
| Ulcer Index | 3.29% | 4.43% |
| Daily Std Dev | 7.09% | 8.88% |
| Max Drawdown | -34.22% | -34.00% |
| Current Drawdown | -27.88% | -26.56% |
Correlation
The correlation between BWZ and BWX is 0.76, 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
BWZ vs. BWX - Performance Comparison
In the year-to-date period, BWZ achieves a -3.39% return, which is significantly higher than BWX's -4.09% return. Over the past 10 years, BWZ has underperformed BWX with an annualized return of -1.77%, while BWX has yielded a comparatively higher -1.52% 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. BWX - Expense Ratio Comparison
Both BWZ and BWX have an expense ratio of 0.35%.
Risk-Adjusted Performance
BWZ vs. BWX - 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 SPDR Bloomberg Barclays International Treasury Bond ETF (BWX). 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. BWX - Dividend Comparison
BWZ's dividend yield for the trailing twelve months is around 2.38%, more than BWX's 1.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWZ SPDR Bloomberg Barclays Short Term International Treasury Bond ETF | 2.38% | 1.62% | 0.44% | 0.60% | 0.13% | 0.44% | 1.10% | 0.40% | 0.13% | 0.06% | 0.20% | 0.09% |
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | 1.93% | 1.62% | 1.23% | 1.00% | 0.95% | 1.16% | 1.17% | 0.46% | 0.00% | 0.00% | 1.77% | 1.88% |
Drawdowns
BWZ vs. BWX - Drawdown Comparison
The maximum BWZ drawdown since its inception was -34.22%, roughly equal to the maximum BWX drawdown of -34.00%. Use the drawdown chart below to compare losses from any high point for BWZ and BWX. For additional features, visit the drawdowns tool.
Volatility
BWZ vs. BWX - Volatility Comparison
SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) and SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) have volatilities of 2.62% and 2.69%, 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.