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IBND vs. BWX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IBND and BWX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.7

Performance

IBND vs. BWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and SPDR Bloomberg Barclays International Treasury Bond ETF (BWX). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
14.98%
0.12%
IBND
BWX

Key characteristics

Sharpe Ratio

IBND:

0.64

BWX:

0.20

Sortino Ratio

IBND:

0.98

BWX:

0.34

Omega Ratio

IBND:

1.11

BWX:

1.04

Calmar Ratio

IBND:

0.22

BWX:

0.05

Martin Ratio

IBND:

1.36

BWX:

0.33

Ulcer Index

IBND:

3.72%

BWX:

4.82%

Daily Std Dev

IBND:

7.95%

BWX:

8.09%

Max Drawdown

IBND:

-35.63%

BWX:

-34.00%

Current Drawdown

IBND:

-17.10%

BWX:

-25.80%

Returns By Period

In the year-to-date period, IBND achieves a 5.22% return, which is significantly higher than BWX's 3.01% return. Over the past 10 years, IBND has outperformed BWX with an annualized return of 0.29%, while BWX has yielded a comparatively lower -0.99% annualized return.


IBND

YTD

5.22%

1M

2.99%

6M

-1.12%

1Y

4.92%

5Y*

0.70%

10Y*

0.29%

BWX

YTD

3.01%

1M

0.92%

6M

-4.09%

1Y

1.50%

5Y*

-2.95%

10Y*

-0.99%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


IBND vs. BWX - Expense Ratio Comparison

IBND has a 0.50% expense ratio, which is higher than BWX's 0.35% expense ratio.


IBND
SPDR Bloomberg Barclays International Corporate Bond ETF
Expense ratio chart for IBND: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IBND: 0.50%
Expense ratio chart for BWX: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BWX: 0.35%

Risk-Adjusted Performance

IBND vs. BWX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBND
The Risk-Adjusted Performance Rank of IBND is 4848
Overall Rank
The Sharpe Ratio Rank of IBND is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of IBND is 5858
Sortino Ratio Rank
The Omega Ratio Rank of IBND is 5454
Omega Ratio Rank
The Calmar Ratio Rank of IBND is 3131
Calmar Ratio Rank
The Martin Ratio Rank of IBND is 3939
Martin Ratio Rank

BWX
The Risk-Adjusted Performance Rank of BWX is 2525
Overall Rank
The Sharpe Ratio Rank of BWX is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of BWX is 2626
Sortino Ratio Rank
The Omega Ratio Rank of BWX is 2525
Omega Ratio Rank
The Calmar Ratio Rank of BWX is 2222
Calmar Ratio Rank
The Martin Ratio Rank of BWX is 2424
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IBND vs. BWX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and SPDR Bloomberg Barclays International Treasury Bond ETF (BWX). 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.


Sharpe ratio
The chart of Sharpe ratio for IBND, currently valued at 0.64, compared to the broader market-1.000.001.002.003.004.005.00
IBND: 0.64
BWX: 0.20
The chart of Sortino ratio for IBND, currently valued at 0.98, compared to the broader market-2.000.002.004.006.008.0010.0012.00
IBND: 0.98
BWX: 0.34
The chart of Omega ratio for IBND, currently valued at 1.11, compared to the broader market0.501.001.502.002.503.00
IBND: 1.11
BWX: 1.04
The chart of Calmar ratio for IBND, currently valued at 0.22, compared to the broader market0.005.0010.0015.00
IBND: 0.22
BWX: 0.05
The chart of Martin ratio for IBND, currently valued at 1.36, compared to the broader market0.0020.0040.0060.0080.00100.00
IBND: 1.36
BWX: 0.33

The current IBND Sharpe Ratio is 0.64, which is higher than the BWX Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of IBND and BWX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
0.64
0.20
IBND
BWX

Dividends

IBND vs. BWX - Dividend Comparison

IBND's dividend yield for the trailing twelve months is around 2.44%, more than BWX's 1.95% yield.


TTM20242023202220212020201920182017201620152014
IBND
SPDR Bloomberg Barclays International Corporate Bond ETF
2.44%2.61%2.08%0.54%0.37%0.45%0.67%0.71%0.34%0.01%0.01%1.66%
BWX
SPDR Bloomberg Barclays International Treasury Bond ETF
1.95%1.99%1.62%1.23%1.00%0.95%1.16%1.17%0.46%0.00%0.00%1.77%

Drawdowns

IBND vs. BWX - Drawdown Comparison

The maximum IBND drawdown since its inception was -35.63%, roughly equal to the maximum BWX drawdown of -34.00%. Use the drawdown chart below to compare losses from any high point for IBND and BWX. For additional features, visit the drawdowns tool.


-30.00%-28.00%-26.00%-24.00%-22.00%-20.00%-18.00%-16.00%NovemberDecember2025FebruaryMarchApril
-17.10%
-25.80%
IBND
BWX

Volatility

IBND vs. BWX - Volatility Comparison

SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a higher volatility of 2.11% compared to SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) at 1.23%. This indicates that IBND's price experiences larger fluctuations and is considered to be riskier than BWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.50%2.00%2.50%3.00%NovemberDecember2025FebruaryMarchApril
2.11%
1.23%
IBND
BWX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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