PSN vs. BWX
PSN (Parsons Corporation) is a stock, while BWX (SPDR Bloomberg Barclays International Treasury Bond ETF) is International Government Bonds fund tracking the Bloomberg Global Treasury x US Capped (Inception 8/31/2007). Over the past 5 years, PSN returned 4.21%/yr vs -4.30%/yr for BWX. At a 0.08 correlation, their price movements are largely independent.
Performance
PSN vs. BWX - Performance Comparison
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Returns By Period
In the year-to-date period, PSN achieves a -21.28% return, which is significantly lower than BWX's -2.67% return.
PSN
- 1D
- -6.82%
- 1M
- -9.42%
- YTD
- -21.28%
- 6M
- -21.75%
- 1Y
- -27.40%
- 3Y*
- 0.96%
- 5Y*
- 4.21%
- 10Y*
- —
BWX
- 1D
- -0.46%
- 1M
- -0.76%
- YTD
- -2.67%
- 6M
- -2.20%
- 1Y
- -3.41%
- 3Y*
- 0.76%
- 5Y*
- -4.30%
- 10Y*
- -1.37%
PSN vs. BWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PSN Parsons Corporation | -21.28% | -33.01% | 47.11% | 35.59% | 37.44% | -7.58% | -11.80% | 34.68% |
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | -2.67% | 7.67% | -5.93% | 5.10% | -19.72% | -8.67% | 9.50% | 4.72% |
Correlation
The correlation between PSN and BWX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 8, 2019 | 0.08 |
The correlation between PSN and BWX shifts across timeframes, from 0.08 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PSN vs. BWX — Risk / Return Rank
PSN
BWX
PSN vs. BWX - Risk-Adjusted Trends 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.
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.
| PSN | BWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.93 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.56 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.10 | -1.07 | -0.03 |
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Drawdowns
PSN vs. BWX - Drawdown Comparison
The maximum PSN drawdown since its inception was -57.06%, which is greater than BWX's maximum drawdown of -34.05%. Use the drawdown chart below to compare losses from any high point for PSN and BWX.
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Drawdown Indicators
| PSN | BWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.06% | -34.05% | -23.01% |
Max Drawdown (1Y)Largest decline over 1 year | -45.51% | -6.16% | -39.35% |
Max Drawdown (3Y)Largest decline over 3 years | -57.06% | -10.22% | -46.84% |
Max Drawdown (5Y)Largest decline over 5 years | -57.06% | -30.78% | -26.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.05% | — |
Current DrawdownCurrent decline from peak | -57.06% | -24.57% | -32.49% |
Average DrawdownAverage peak-to-trough decline | -16.84% | -10.08% | -6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.99% | 3.20% | +21.79% |
Volatility
PSN vs. BWX - Volatility Comparison
Parsons Corporation (PSN) has a higher volatility of 13.28% compared to SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) at 2.09%. 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.
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Volatility by Period
| PSN | BWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.28% | 2.09% | +11.19% |
Volatility (6M)Calculated over the trailing 6-month period | 31.86% | 5.97% | +25.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.99% | 7.71% | +36.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.64% | 9.70% | +23.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.07% | 8.67% | +26.40% |
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 2.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | 2.39% | 2.19% | 1.99% | 1.63% | 1.23% | 0.93% | 0.95% | 1.16% | 1.07% | 0.46% |
PSN Parsons Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSN and BWX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSN has higher volatility (13.28%) compared to BWX (2.09%). In terms of maximum drawdown, PSN dropped -57.06% vs BWX's -34.05%.
BWX currently has the higher Sharpe Ratio (-0.45 vs -0.63), 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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