BWZ vs. DGRO
Compare and contrast key facts about SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) and iShares Core Dividend Growth ETF (DGRO).
BWZ and DGRO 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. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both BWZ and DGRO 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 DGRO.
Key characteristics
| BWZ | DGRO | |
|---|---|---|
| YTD Return | -1.53% | 17.94% |
| 1Y Return | 3.68% | 28.32% |
| 3Y Return (Ann) | -3.63% | 7.56% |
| 5Y Return (Ann) | -1.81% | 11.68% |
| 10Y Return (Ann) | -1.59% | 11.82% |
| Sharpe Ratio | 0.56 | 2.97 |
| Sortino Ratio | 0.86 | 4.16 |
| Omega Ratio | 1.10 | 1.55 |
| Calmar Ratio | 0.13 | 3.30 |
| Martin Ratio | 1.16 | 19.59 |
| Ulcer Index | 3.28% | 1.44% |
| Daily Std Dev | 6.83% | 9.50% |
| Max Drawdown | -34.23% | -35.10% |
| Current Drawdown | -26.49% | -2.32% |
Correlation
The correlation between BWZ and DGRO 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.
Performance
BWZ vs. DGRO - Performance Comparison
In the year-to-date period, BWZ achieves a -1.53% return, which is significantly lower than DGRO's 17.94% return. Over the past 10 years, BWZ has underperformed DGRO with an annualized return of -1.59%, while DGRO has yielded a comparatively higher 11.82% 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. DGRO - Expense Ratio Comparison
BWZ has a 0.35% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
BWZ vs. DGRO - 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 iShares Core Dividend Growth ETF (DGRO). 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. DGRO - Dividend Comparison
BWZ's dividend yield for the trailing twelve months is around 2.33%, more than DGRO's 2.21% 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% |
DGRO iShares Core Dividend Growth ETF | 2.21% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
Drawdowns
BWZ vs. DGRO - Drawdown Comparison
The maximum BWZ drawdown since its inception was -34.23%, roughly equal to the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for BWZ and DGRO. For additional features, visit the drawdowns tool.
Volatility
BWZ vs. DGRO - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) is 1.85%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.57%. This indicates that BWZ experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.