ISHG vs. BWZ
Compare and contrast key facts about iShares 1-3 Year International Treasury Bond ETF (ISHG) and SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ).
ISHG and BWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISHG is a passively managed fund by iShares that tracks the performance of the S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year. It was launched on Jan 21, 2009. 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. Both ISHG and BWZ 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: ISHG or BWZ.
Key characteristics
| ISHG | BWZ | |
|---|---|---|
| YTD Return | -1.30% | -2.65% |
| 1Y Return | 4.68% | 3.33% |
| 3Y Return (Ann) | -3.69% | -4.16% |
| 5Y Return (Ann) | -1.58% | -1.99% |
| 10Y Return (Ann) | -1.65% | -1.68% |
| Sharpe Ratio | 0.63 | 0.43 |
| Sortino Ratio | 0.97 | 0.66 |
| Omega Ratio | 1.12 | 1.08 |
| Calmar Ratio | 0.13 | 0.10 |
| Martin Ratio | 1.52 | 0.93 |
| Ulcer Index | 2.76% | 3.32% |
| Daily Std Dev | 6.60% | 7.20% |
| Max Drawdown | -37.26% | -34.22% |
| Current Drawdown | -29.33% | -27.32% |
Correlation
The correlation between ISHG and BWZ is 0.78, 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
ISHG vs. BWZ - Performance Comparison
In the year-to-date period, ISHG achieves a -1.30% return, which is significantly higher than BWZ's -2.65% return. Both investments have delivered pretty close results over the past 10 years, with ISHG having a -1.65% annualized return and BWZ not far behind at -1.68%. 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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ISHG vs. BWZ - Expense Ratio Comparison
Both ISHG and BWZ have an expense ratio of 0.35%.
Risk-Adjusted Performance
ISHG vs. BWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year International Treasury Bond ETF (ISHG) 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
ISHG vs. BWZ - Dividend Comparison
ISHG's dividend yield for the trailing twelve months is around 0.18%, less than BWZ's 2.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISHG iShares 1-3 Year International Treasury Bond ETF | 0.18% | 0.18% | 0.00% | 1.29% | 0.00% | 0.00% | 1.80% | 0.46% | 0.00% | 0.09% | 0.42% | 0.20% |
BWZ SPDR Bloomberg Barclays Short Term International Treasury Bond ETF | 2.36% | 1.62% | 0.44% | 0.60% | 0.13% | 0.44% | 1.10% | 0.40% | 0.13% | 0.06% | 0.20% | 0.09% |
Drawdowns
ISHG vs. BWZ - Drawdown Comparison
The maximum ISHG drawdown since its inception was -37.26%, which is greater than BWZ's maximum drawdown of -34.22%. Use the drawdown chart below to compare losses from any high point for ISHG and BWZ. For additional features, visit the drawdowns tool.
Volatility
ISHG vs. BWZ - Volatility Comparison
The current volatility for iShares 1-3 Year International Treasury Bond ETF (ISHG) is 2.20%, while SPDR Bloomberg Barclays Short Term International Treasury Bond ETF (BWZ) has a volatility of 2.98%. This indicates that ISHG 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.