BWZ vs. DFGFX
Compare and contrast key facts about SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) and DFA Two Year Global Fixed Income Portfolio (DFGFX).
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. DFGFX is managed by Dimensional. It was launched on Feb 8, 1996.
Performance
BWZ vs. DFGFX - Performance Comparison
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BWZ vs. DFGFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BWZ SPDR Bloomberg Barclays Short Term International Treasury Bond ETF | -1.47% | 10.47% | -5.31% | 2.97% | -10.56% | -6.85% | 6.47% | 0.99% | -3.36% | 10.18% |
DFGFX DFA Two Year Global Fixed Income Portfolio | 0.77% | 2.89% | 5.36% | 4.95% | -2.62% | -0.37% | 0.88% | 2.87% | 1.91% | 0.93% |
Returns By Period
In the year-to-date period, BWZ achieves a -1.47% return, which is significantly lower than DFGFX's 0.77% return. Over the past 10 years, BWZ has underperformed DFGFX with an annualized return of -0.56%, while DFGFX has yielded a comparatively higher 1.75% annualized return.
BWZ
- 1D
- 0.75%
- 1M
- -3.02%
- YTD
- -1.47%
- 6M
- -2.27%
- 1Y
- 4.60%
- 3Y*
- 1.67%
- 5Y*
- -1.67%
- 10Y*
- -0.56%
DFGFX
- 1D
- 0.05%
- 1M
- 0.05%
- YTD
- 0.77%
- 6M
- 1.79%
- 1Y
- 2.53%
- 3Y*
- 4.23%
- 5Y*
- 2.13%
- 10Y*
- 1.75%
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BWZ vs. DFGFX - Expense Ratio Comparison
BWZ has a 0.35% expense ratio, which is higher than DFGFX's 0.16% expense ratio.
Return for Risk
BWZ vs. DFGFX — Risk / Return Rank
BWZ
DFGFX
BWZ vs. DFGFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) and DFA Two Year Global Fixed Income Portfolio (DFGFX). 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.
| BWZ | DFGFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 1.71 | -1.11 |
Sortino ratioReturn per unit of downside risk | 0.92 | 1.85 | -0.93 |
Omega ratioGain probability vs. loss probability | 1.11 | 2.61 | -1.50 |
Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.87 | -1.10 |
Martin ratioReturn relative to average drawdown | 2.05 | 5.76 | -3.71 |
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
| BWZ | DFGFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 1.71 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 1.19 | -1.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | 1.29 | -1.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 2.27 | -2.31 |
Correlation
The correlation between BWZ and DFGFX 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.
Dividends
BWZ vs. DFGFX - Dividend Comparison
BWZ's dividend yield for the trailing twelve months is around 2.05%, less than DFGFX's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWZ SPDR Bloomberg Barclays Short Term International Treasury Bond ETF | 2.05% | 2.05% | 2.47% | 1.63% | 0.44% | 0.60% | 0.13% | 0.43% | 1.10% | 0.40% | 0.13% | 0.06% |
DFGFX DFA Two Year Global Fixed Income Portfolio | 3.12% | 2.67% | 4.77% | 3.19% | 1.17% | 0.23% | 0.57% | 2.24% | 2.21% | 1.54% | 0.65% | 0.02% |
Drawdowns
BWZ vs. DFGFX - Drawdown Comparison
The maximum BWZ drawdown since its inception was -34.23%, which is greater than DFGFX's maximum drawdown of -4.00%. Use the drawdown chart below to compare losses from any high point for BWZ and DFGFX.
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Drawdown Indicators
| BWZ | DFGFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.23% | -4.00% | -30.23% |
Max Drawdown (1Y)Largest decline over 1 year | -5.15% | -1.41% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -4.00% | -19.72% |
Max Drawdown (10Y)Largest decline over 10 years | -24.90% | -4.00% | -20.90% |
Current DrawdownCurrent decline from peak | -23.06% | 0.00% | -23.06% |
Average DrawdownAverage peak-to-trough decline | -16.04% | -0.23% | -15.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.46% | +1.46% |
Volatility
BWZ vs. DFGFX - Volatility Comparison
SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) has a higher volatility of 2.80% compared to DFA Two Year Global Fixed Income Portfolio (DFGFX) at 0.22%. This indicates that BWZ's price experiences larger fluctuations and is considered to be riskier than DFGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWZ | DFGFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 0.22% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 4.76% | 0.44% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.82% | 1.56% | +6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 1.81% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 1.36% | +5.60% |