FEMB vs. BWZ
Compare and contrast key facts about First Trust Emerging Markets Local Currency Bond ETF (FEMB) and SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ).
FEMB and BWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEMB is an actively managed fund by First Trust. It was launched on Nov 4, 2014. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEMB or BWZ.
Key characteristics
| FEMB | BWZ | |
|---|---|---|
| YTD Return | -2.18% | -3.33% |
| 1Y Return | 3.33% | 2.73% |
| 3Y Return (Ann) | 0.03% | -4.03% |
| 5Y Return (Ann) | -1.01% | -2.11% |
| 10Y Return (Ann) | -0.63% | -1.77% |
| Sharpe Ratio | 0.27 | 0.36 |
| Sortino Ratio | 0.49 | 0.57 |
| Omega Ratio | 1.05 | 1.07 |
| Calmar Ratio | 0.18 | 0.09 |
| Martin Ratio | 0.82 | 0.78 |
| Ulcer Index | 3.34% | 3.34% |
| Daily Std Dev | 9.96% | 7.25% |
| Max Drawdown | -30.44% | -34.22% |
| Current Drawdown | -12.04% | -27.83% |
Correlation
The correlation between FEMB and BWZ 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
FEMB vs. BWZ - Performance Comparison
In the year-to-date period, FEMB achieves a -2.18% return, which is significantly higher than BWZ's -3.33% return. Over the past 10 years, FEMB has outperformed BWZ with an annualized return of -0.63%, while BWZ has yielded a comparatively lower -1.77% 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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FEMB vs. BWZ - Expense Ratio Comparison
FEMB has a 0.85% expense ratio, which is higher than BWZ's 0.35% expense ratio.
Risk-Adjusted Performance
FEMB vs. BWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Local Currency Bond ETF (FEMB) and SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ). 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
FEMB vs. BWZ - Dividend Comparison
FEMB's dividend yield for the trailing twelve months is around 5.78%, more than BWZ's 2.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
FEMB vs. BWZ - Drawdown Comparison
The maximum FEMB drawdown since its inception was -30.44%, smaller than the maximum BWZ drawdown of -34.22%. Use the drawdown chart below to compare losses from any high point for FEMB and BWZ. For additional features, visit the drawdowns tool.
Volatility
FEMB vs. BWZ - Volatility Comparison
First Trust Emerging Markets Local Currency Bond ETF (FEMB) and SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) have volatilities of 3.15% and 3.05%, 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.