BWZ vs. FEMB
Compare and contrast key facts about SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) and First Trust Emerging Markets Local Currency Bond ETF (FEMB).
BWZ and FEMB 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. FEMB is an actively managed fund by First Trust. It was launched on Nov 4, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BWZ or FEMB.
Key characteristics
| BWZ | FEMB | |
|---|---|---|
| YTD Return | -3.33% | -2.18% |
| 1Y Return | 2.73% | 3.33% |
| 3Y Return (Ann) | -4.03% | 0.03% |
| 5Y Return (Ann) | -2.11% | -1.01% |
| 10Y Return (Ann) | -1.77% | -0.63% |
| Sharpe Ratio | 0.36 | 0.27 |
| Sortino Ratio | 0.57 | 0.49 |
| Omega Ratio | 1.07 | 1.05 |
| Calmar Ratio | 0.09 | 0.18 |
| Martin Ratio | 0.78 | 0.82 |
| Ulcer Index | 3.34% | 3.34% |
| Daily Std Dev | 7.25% | 9.96% |
| Max Drawdown | -34.22% | -30.44% |
| Current Drawdown | -27.83% | -12.04% |
Correlation
The correlation between BWZ and FEMB is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BWZ vs. FEMB - Performance Comparison
In the year-to-date period, BWZ achieves a -3.33% return, which is significantly lower than FEMB's -2.18% return. Over the past 10 years, BWZ has underperformed FEMB with an annualized return of -1.77%, while FEMB has yielded a comparatively higher -0.63% 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. FEMB - Expense Ratio Comparison
BWZ has a 0.35% expense ratio, which is lower than FEMB's 0.85% expense ratio.
Risk-Adjusted Performance
BWZ vs. FEMB - 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 First Trust Emerging Markets Local Currency Bond ETF (FEMB). 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. FEMB - Dividend Comparison
BWZ's dividend yield for the trailing twelve months is around 2.37%, less than FEMB's 5.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWZ SPDR Bloomberg Barclays Short Term International Treasury Bond ETF | 2.37% | 1.62% | 0.44% | 0.60% | 0.13% | 0.44% | 1.10% | 0.40% | 0.13% | 0.06% | 0.20% | 0.09% |
FEMB First Trust Emerging Markets Local Currency Bond ETF | 5.78% | 5.15% | 6.36% | 6.12% | 5.29% | 5.40% | 5.86% | 6.38% | 5.83% | 4.89% | 0.62% | 0.00% |
Drawdowns
BWZ vs. FEMB - Drawdown Comparison
The maximum BWZ drawdown since its inception was -34.22%, which is greater than FEMB's maximum drawdown of -30.44%. Use the drawdown chart below to compare losses from any high point for BWZ and FEMB. For additional features, visit the drawdowns tool.
Volatility
BWZ vs. FEMB - Volatility Comparison
SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) and First Trust Emerging Markets Local Currency Bond ETF (FEMB) have volatilities of 3.05% and 3.15%, 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.