RFDA vs. BWX
RFDA (RiverFront Dynamic US Dividend Advantage ETF) and BWX (SPDR Bloomberg Barclays International Treasury Bond ETF) are both exchange-traded funds - RFDA is a Large Cap Growth Equities fund actively managed by SS&C, while BWX is a International Government Bonds fund tracking the Bloomberg Global Treasury x US Capped (Inception 8/31/2007). RFDA is actively managed, while BWX is passively managed. Over the past 10 years, RFDA returned 13.37%/yr vs -1.37%/yr for BWX. At a 0.15 correlation, their price movements are largely independent. RFDA charges 0.52%/yr vs 0.35%/yr for BWX.
Performance
RFDA vs. BWX - Performance Comparison
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Returns By Period
In the year-to-date period, RFDA achieves a 10.53% return, which is significantly higher than BWX's -2.67% return. Over the past 10 years, RFDA has outperformed BWX with an annualized return of 13.37%, while BWX has yielded a comparatively lower -1.37% annualized return.
RFDA
- 1D
- 0.15%
- 1M
- 0.14%
- YTD
- 10.53%
- 6M
- 10.30%
- 1Y
- 27.30%
- 3Y*
- 18.71%
- 5Y*
- 12.98%
- 10Y*
- 13.37%
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%
RFDA vs. BWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RFDA RiverFront Dynamic US Dividend Advantage ETF | 10.53% | 16.42% | 20.12% | 16.98% | -8.58% | 25.94% | 11.26% | 27.15% | -9.27% | 19.86% |
BWX SPDR Bloomberg Barclays International Treasury Bond ETF | -2.67% | 7.67% | -5.93% | 5.10% | -19.72% | -8.67% | 9.50% | 5.58% | -1.85% | 9.93% |
Correlation
The correlation between RFDA and BWX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2016 | 0.15 |
The correlation between RFDA and BWX shifts across timeframes, from 0.15 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RFDA vs. BWX — Risk / Return Rank
RFDA
BWX
RFDA vs. BWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverFront Dynamic US Dividend Advantage ETF (RFDA) 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.
| RFDA | BWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.79 | ||
| Sortino ratioReturn per unit of downside risk | +3.81 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.93 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | -0.56 | +5.59 |
| Martin ratioReturn relative to average drawdown | 18.04 | -1.07 | +19.11 |
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Drawdowns
RFDA vs. BWX - Drawdown Comparison
The maximum RFDA drawdown since its inception was -34.60%, roughly equal to the maximum BWX drawdown of -34.05%. Use the drawdown chart below to compare losses from any high point for RFDA and BWX.
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Drawdown Indicators
| RFDA | BWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.60% | -34.05% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -6.16% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -10.22% | -9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -19.35% | -30.78% | +11.43% |
Max Drawdown (10Y)Largest decline over 10 years | -34.60% | -34.05% | -0.55% |
Current DrawdownCurrent decline from peak | -1.89% | -24.57% | +22.68% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -10.08% | +6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 3.20% | -1.68% |
Volatility
RFDA vs. BWX - Volatility Comparison
RiverFront Dynamic US Dividend Advantage ETF (RFDA) has a higher volatility of 3.31% compared to SPDR Bloomberg Barclays International Treasury Bond ETF (BWX) at 2.09%. This indicates that RFDA'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
| RFDA | BWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 2.09% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.79% | 5.97% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 7.71% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 9.70% | +6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 8.67% | +8.20% |
RFDA vs. BWX - Expense Ratio Comparison
RFDA has a 0.52% expense ratio, which is higher than BWX's 0.35% expense ratio.
Dividends
RFDA vs. BWX - Dividend Comparison
RFDA's dividend yield for the trailing twelve months is around 1.80%, less than BWX's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
RFDA RiverFront Dynamic US Dividend Advantage ETF | 1.80% | 1.89% | 2.23% | 2.68% | 3.57% | 1.44% | 1.62% | 1.87% | 2.44% | 1.90% | 0.98% |
Frequently Asked Questions
RFDA and BWX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RFDA has higher volatility (3.31%) compared to BWX (2.09%). In terms of maximum drawdown, RFDA dropped -34.60% vs BWX's -34.05%.
On 10-year performance, RFDA leads with 13.37% vs -1.37% for BWX. On fees, BWX is cheaper at 0.35% per year. On volatility, BWX has been the lower-risk option at 2.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RFDA has performed better with a 13.37% return vs -1.37%. 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 0.52% for RFDA.
BWX has the higher dividend yield at 2.39%, compared with 1.80% for RFDA.
RFDA is categorized as Large Cap Growth Equities, while BWX is International Government Bonds. They also come from different issuers: SS&C and State Street. Their fees differ too: 0.52% for RFDA and 0.35% for BWX.
RFDA currently has the higher Sharpe Ratio (2.34 vs -0.45), 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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