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.
Performance
FLIA vs. BWZ - Performance Comparison
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FLIA vs. BWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLIA Franklin Liberty International Aggregate Bond ETF | 0.40% | 2.12% | 2.42% | 7.17% | -7.68% | -1.98% | 1.37% | 7.58% | -2.59% |
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% | -1.66% |
Returns By Period
In the year-to-date period, FLIA achieves a 0.40% return, which is significantly higher than BWZ's -1.47% return.
FLIA
- 1D
- 0.42%
- 1M
- -1.41%
- YTD
- 0.40%
- 6M
- 1.02%
- 1Y
- 2.83%
- 3Y*
- 3.17%
- 5Y*
- 0.74%
- 10Y*
- —
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%
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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.
Return for Risk
FLIA vs. BWZ — Risk / Return Rank
FLIA
BWZ
FLIA vs. BWZ - Risk-Adjusted Trends 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.
| FLIA | BWZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.59 | +0.20 |
Sortino ratioReturn per unit of downside risk | 1.13 | 0.92 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.11 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 0.76 | +0.78 |
Martin ratioReturn relative to average drawdown | 5.12 | 2.05 | +3.07 |
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
| FLIA | BWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.59 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | -0.22 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | -0.03 | +0.25 |
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.
Dividends
FLIA vs. BWZ - Dividend Comparison
FLIA's dividend yield for the trailing twelve months is around 2.61%, more than BWZ's 2.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLIA Franklin Liberty International Aggregate Bond ETF | 2.61% | 2.62% | 2.97% | 0.93% | 18.12% | 2.26% | 0.43% | 2.93% | 1.23% | 0.00% | 0.00% | 0.00% |
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% |
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.
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Drawdown Indicators
| FLIA | BWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.24% | -34.23% | +22.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -5.15% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -9.42% | -23.72% | +14.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.90% | — |
Current DrawdownCurrent decline from peak | -1.41% | -23.06% | +21.65% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -16.04% | +12.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 1.92% | -1.30% |
Volatility
FLIA vs. BWZ - Volatility Comparison
The current volatility for Franklin Liberty International Aggregate Bond ETF (FLIA) is 1.59%, while SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) has a volatility of 2.80%. 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.
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Volatility by Period
| FLIA | BWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 2.80% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 4.76% | -2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 7.82% | -4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 7.56% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 6.96% | -2.23% |