IBND vs. BWX
Compare and contrast key facts about SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and SPDR Bloomberg Barclays International Treasury Bond ETF (BWX).
IBND and BWX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBND is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. It was launched on May 19, 2010. BWX is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Treasury x US Capped (Inception 8/31/2007). It was launched on Oct 2, 2007. Both IBND and BWX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBND or BWX.
Performance
IBND vs. BWX - Performance Comparison
Returns By Period
In the year-to-date period, IBND achieves a -0.79% return, which is significantly higher than BWX's -4.31% return. Over the past 10 years, IBND has outperformed BWX with an annualized return of -1.00%, while BWX has yielded a comparatively lower -1.50% annualized return.
IBND
-0.79%
-2.76%
0.99%
4.42%
-1.62%
-1.00%
BWX
-4.31%
-3.15%
0.58%
0.40%
-3.97%
-1.50%
Key characteristics
| IBND | BWX | |
|---|---|---|
| Sharpe Ratio | 0.57 | 0.12 |
| Sortino Ratio | 0.85 | 0.23 |
| Omega Ratio | 1.10 | 1.03 |
| Calmar Ratio | 0.19 | 0.04 |
| Martin Ratio | 1.44 | 0.23 |
| Ulcer Index | 3.09% | 4.61% |
| Daily Std Dev | 7.86% | 8.67% |
| Max Drawdown | -35.63% | -34.00% |
| Current Drawdown | -19.57% | -26.73% |
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IBND vs. BWX - Expense Ratio Comparison
IBND has a 0.50% expense ratio, which is higher than BWX's 0.35% expense ratio.
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.
Risk-Adjusted Performance
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.
Dividends
IBND vs. BWX - Dividend Comparison
IBND's dividend yield for the trailing twelve months is around 2.54%, more than BWX's 1.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.54% | 2.08% | 0.54% | 0.37% | 0.45% | 0.67% | 0.70% | 0.34% | 0.01% | 0.01% | 1.66% | 1.24% |
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | 1.94% | 1.62% | 1.23% | 1.00% | 0.95% | 1.16% | 1.17% | 0.46% | 0.00% | 0.00% | 1.77% | 1.88% |
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.
Volatility
IBND vs. BWX - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) is 2.36%, while SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) has a volatility of 2.80%. This indicates that IBND experiences smaller price fluctuations and is considered to be less risky than BWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.