FLIA vs. BWZ
Compare and contrast key facts about Franklin Liberty International Aggregate Bond ETF (FLIA) and SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ).
FLIA and BWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLIA is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018. 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: FLIA or BWZ.
Key characteristics
| FLIA | BWZ | |
|---|---|---|
| YTD Return | -1.95% | -5.88% |
| 1Y Return | 2.88% | -3.29% |
| 3Y Return (Ann) | -1.02% | -6.16% |
| 5Y Return (Ann) | 0.39% | -2.64% |
| Sharpe Ratio | 0.38 | -0.60 |
| Daily Std Dev | 5.68% | 6.69% |
| Max Drawdown | -11.24% | -34.23% |
| Current Drawdown | -6.28% | -29.73% |
Correlation
The correlation between FLIA and BWZ is 0.31, 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
FLIA vs. BWZ - Performance Comparison
In the year-to-date period, FLIA achieves a -1.95% return, which is significantly higher than BWZ's -5.88% 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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FLIA vs. BWZ - Expense Ratio Comparison
FLIA has a 0.25% expense ratio, which is lower than BWZ's 0.35% expense ratio.
Risk-Adjusted Performance
FLIA vs. BWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty International Aggregate Bond ETF (FLIA) 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
FLIA vs. BWZ - Dividend Comparison
FLIA's dividend yield for the trailing twelve months is around 0.95%, less than BWZ's 1.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLIA Franklin Liberty International Aggregate Bond ETF | 0.95% | 0.93% | 18.12% | 2.26% | 0.43% | 2.93% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BWZ SPDR Bloomberg Barclays Short Term International Treasury Bond ETF | 1.88% | 1.63% | 0.44% | 0.60% | 0.13% | 0.43% | 1.10% | 0.40% | 0.13% | 0.06% | 0.19% | 0.09% |
Drawdowns
FLIA vs. BWZ - Drawdown Comparison
The maximum FLIA drawdown since its inception was -11.24%, smaller than the maximum BWZ drawdown of -34.23%. Use the drawdown chart below to compare losses from any high point for FLIA and BWZ. For additional features, visit the drawdowns tool.
Volatility
FLIA vs. BWZ - Volatility Comparison
The current volatility for Franklin Liberty International Aggregate Bond ETF (FLIA) is 1.31%, while SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) has a volatility of 2.10%. This indicates that FLIA experiences smaller price fluctuations and is considered to be less risky than BWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.