JIG vs. BWX
JIG (JPMorgan International Growth ETF) and BWX (SPDR Bloomberg Barclays International Treasury Bond ETF) are both exchange-traded funds - JIG is a Foreign Large Cap Equities fund actively managed by JPMorgan, while BWX is a International Government Bonds fund tracking the Bloomberg Global Treasury x US Capped (Inception 8/31/2007). JIG is actively managed, while BWX is passively managed. Over the past 5 years, JIG returned 3.80%/yr vs -4.15%/yr for BWX. At a 0.43 correlation, their price movements are largely independent. JIG charges 0.55%/yr vs 0.35%/yr for BWX.
Performance
JIG vs. BWX - Performance Comparison
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Returns By Period
In the year-to-date period, JIG achieves a 17.28% return, which is significantly higher than BWX's -2.00% return.
JIG
- 1D
- 0.00%
- 1M
- 6.44%
- YTD
- 17.28%
- 6M
- 20.72%
- 1Y
- 26.57%
- 3Y*
- 14.76%
- 5Y*
- 3.80%
- 10Y*
- —
BWX
- 1D
- -0.86%
- 1M
- 0.07%
- YTD
- -2.00%
- 6M
- -1.69%
- 1Y
- -2.92%
- 3Y*
- 0.82%
- 5Y*
- -4.15%
- 10Y*
- -1.37%
JIG vs. BWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JIG JPMorgan International Growth ETF | 17.28% | 20.10% | 8.84% | 13.00% | -30.57% | 6.40% | 40.04% |
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | -2.00% | 7.67% | -5.93% | 5.10% | -19.72% | -8.67% | 11.30% |
Correlation
The correlation between JIG and BWX is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.43 |
The correlation between JIG and BWX shifts across timeframes, from 0.43 (5 years) to 0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JIG vs. BWX — Risk / Return Rank
JIG
BWX
JIG vs. BWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Growth ETF (JIG) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JIG | BWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.94 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | -0.47 | +2.54 |
| Martin ratioReturn relative to average drawdown | 7.69 | -0.92 | +8.62 |
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Drawdowns
JIG vs. BWX - Drawdown Comparison
The maximum JIG drawdown since its inception was -43.75%, which is greater than BWX's maximum drawdown of -34.05%. Use the drawdown chart below to compare losses from any high point for JIG and BWX.
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Drawdown Indicators
| JIG | BWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.75% | -34.05% | -9.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.94% | -6.16% | -6.78% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -10.22% | -5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -43.75% | -30.78% | -12.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.05% | — |
Current DrawdownCurrent decline from peak | -0.62% | -24.05% | +23.43% |
Average DrawdownAverage peak-to-trough decline | -16.68% | -10.07% | -6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 3.16% | +0.30% |
Volatility
JIG vs. BWX - Volatility Comparison
JPMorgan International Growth ETF (JIG) has a higher volatility of 8.39% compared to SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) at 2.38%. This indicates that JIG'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.
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Volatility by Period
| JIG | BWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 2.38% | +6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 5.97% | +11.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.72% | 7.70% | +12.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.21% | 9.70% | +9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 8.67% | +10.53% |
JIG vs. BWX - Expense Ratio Comparison
JIG has a 0.55% expense ratio, which is higher than BWX's 0.35% expense ratio.
Dividends
JIG vs. BWX - Dividend Comparison
JIG's dividend yield for the trailing twelve months is around 1.92%, less than BWX's 2.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | 2.38% | 2.19% | 1.99% | 1.63% | 1.23% | 0.93% | 0.95% | 1.16% | 1.07% | 0.46% |
JIG JPMorgan International Growth ETF | 1.92% | 2.25% | 1.70% | 1.69% | 0.91% | 1.35% | 0.04% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JIG and BWX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JIG has higher volatility (8.39%) compared to BWX (2.38%). In terms of maximum drawdown, JIG dropped -43.75% vs BWX's -34.05%.
On 5-year performance, JIG leads with 3.80% vs -4.15% for BWX. On fees, BWX is cheaper at 0.35% per year. On volatility, BWX has been the lower-risk option at 2.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JIG has performed better with a 3.80% return vs -4.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BWX is cheaper with a 0.35% expense ratio, compared with 0.55% for JIG.
BWX has the higher dividend yield at 2.38%, compared with 1.92% for JIG.
JIG is categorized as Foreign Large Cap Equities, while BWX is International Government Bonds. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.55% for JIG and 0.35% for BWX.
JIG currently has the higher Sharpe Ratio (1.36 vs -0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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