IGOV vs. BWX
Compare and contrast key facts about iShares International Treasury Bond ETF (IGOV) and SPDR Bloomberg Barclays International Treasury Bond ETF (BWX).
IGOV and BWX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGOV is a passively managed fund by iShares that tracks the performance of the S&P/Citigroup International Treasury Bond Index Ex-US. It was launched on Jan 21, 2009. 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 IGOV 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: IGOV or BWX.
Key characteristics
| IGOV | BWX | |
|---|---|---|
| YTD Return | -5.40% | -4.90% |
| 1Y Return | -3.88% | -3.78% |
| 3Y Return (Ann) | -9.41% | -8.34% |
| 5Y Return (Ann) | -4.10% | -3.37% |
| 10Y Return (Ann) | -2.62% | -2.23% |
| Sharpe Ratio | -0.38 | -0.38 |
| Daily Std Dev | 9.45% | 9.35% |
| Max Drawdown | -35.88% | -34.00% |
| Current Drawdown | -29.72% | -27.17% |
Correlation
The correlation between IGOV and BWX is 0.84, 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.
Performance
IGOV vs. BWX - Performance Comparison
In the year-to-date period, IGOV achieves a -5.40% return, which is significantly lower than BWX's -4.90% return. Over the past 10 years, IGOV has underperformed BWX with an annualized return of -2.62%, while BWX has yielded a comparatively higher -2.23% 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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IGOV vs. BWX - Expense Ratio Comparison
Both IGOV and BWX have an expense ratio of 0.35%.
Risk-Adjusted Performance
IGOV vs. BWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Treasury Bond ETF (IGOV) 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
IGOV vs. BWX - Dividend Comparison
IGOV has not paid dividends to shareholders, while BWX's dividend yield for the trailing twelve months is around 1.80%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGOV iShares International Treasury Bond ETF | 0.00% | 0.00% | 0.11% | 0.39% | 0.00% | 0.24% | 0.31% | 0.19% | 0.69% | 0.22% | 1.28% | 1.32% |
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | 1.80% | 1.63% | 1.23% | 1.00% | 0.95% | 1.16% | 1.17% | 0.46% | 0.00% | 0.00% | 1.77% | 1.86% |
Drawdowns
IGOV vs. BWX - Drawdown Comparison
The maximum IGOV drawdown since its inception was -35.88%, which is greater than BWX's maximum drawdown of -34.00%. Use the drawdown chart below to compare losses from any high point for IGOV and BWX. For additional features, visit the drawdowns tool.
Volatility
IGOV vs. BWX - Volatility Comparison
iShares International Treasury Bond ETF (IGOV) and SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) have volatilities of 2.89% and 3.02%, 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.