PSN vs. BWX
Compare and contrast key facts about Parsons Corporation (PSN) and SPDR Bloomberg Barclays International Treasury Bond ETF (BWX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSN or BWX.
Performance
PSN vs. BWX - Performance Comparison
Returns By Period
In the year-to-date period, PSN achieves a 52.75% return, which is significantly higher than BWX's -4.84% return.
PSN
52.75%
-11.29%
24.06%
53.44%
19.76%
N/A
BWX
-4.84%
-3.69%
-0.02%
0.49%
-4.11%
-1.59%
Key characteristics
| PSN | BWX | |
|---|---|---|
| Sharpe Ratio | 1.77 | 0.18 |
| Sortino Ratio | 2.88 | 0.32 |
| Omega Ratio | 1.43 | 1.04 |
| Calmar Ratio | 3.43 | 0.06 |
| Martin Ratio | 11.22 | 0.35 |
| Ulcer Index | 4.73% | 4.57% |
| Daily Std Dev | 30.10% | 8.69% |
| Max Drawdown | -43.79% | -34.00% |
| Current Drawdown | -15.46% | -27.13% |
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Correlation
The correlation between PSN and BWX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
PSN vs. BWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parsons Corporation (PSN) 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
PSN vs. BWX - Dividend Comparison
PSN has not paid dividends to shareholders, while BWX's dividend yield for the trailing twelve months is around 1.95%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSN Parsons Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | 1.95% | 1.62% | 1.23% | 1.00% | 0.95% | 1.16% | 1.17% | 0.46% | 0.00% | 0.00% | 1.77% | 1.88% |
Drawdowns
PSN vs. BWX - Drawdown Comparison
The maximum PSN drawdown since its inception was -43.79%, which is greater than BWX's maximum drawdown of -34.00%. Use the drawdown chart below to compare losses from any high point for PSN and BWX. For additional features, visit the drawdowns tool.
Volatility
PSN vs. BWX - Volatility Comparison
Parsons Corporation (PSN) has a higher volatility of 13.35% compared to SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) at 2.94%. This indicates that PSN'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.