SPDR Bloomberg International Treasury Bond ETF
$21.23+0.09 (+0.43%)
- 0.35%
- $1.3B
- −4.8%
- 2.48%
- 0.5M sh
- $21.11
- low $20.99high $23.12
The ETF.net BWX Grade
B
Score 62 out of 100
- 3 of 6
Score 62 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C49 out of 100Rank 2 of 6Mission
Whether the fund did what it promised, tested against its stated mandate.A97 out of 100Rank 2 of 6Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D26 out of 100Rank 6 of 6Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C54 out of 100Rank 3 of 6Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A79 out of 100Rank 2 of 6Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 2 of 6
Our read on BWX
BGovernment bonds from everywhere but here, in their own currencies. BWX has held developed-market sovereign debt since 2007, unhedged, so returns ride the bonds and the exchange rate together.
The fund seeks to track the Bloomberg Global Treasury ex-US Capped Index, providing exposure to fixed-rate, local-currency sovereign bonds from investment-grade countries outside the United States.
Why people hold it
- Broad by design: roughly 1,400 sovereign bonds tracking the Bloomberg Global Treasury ex-US Capped Index, where the cap keeps one government from swallowing the portfolio.ssga.com
- Index tracking is tight, and the 0.35% fee is the going rate in this corner (IGOV and ISHG charge the same).
- A 2007 launch, a billion-dollar-plus asset base and steady daily trading give it more history and depth than most funds in a thin category.
- Income arrives monthly rather than quarterly.
Worth knowing
- The bonds are priced in yen, euros and other local currencies with no hedge, so dollar moves show up in your return alongside the bond math.ssga.com
- Broad global government indexes carry real interest-rate sensitivity: when yields move, prices move with them.
- Investment-grade sovereigns only. Emerging-market local debt is a separate mandate (EBND).
BWX Holdings
- Bonds
- 1,394
- 3%
- Japan (10 Year Issue) Bonds 03/28 0.1
Geography
- Japan23.15%
- United Kingdom5.10%
- France4.87%
- South Korea4.73%
- China4.72%
- Canada4.61%
- Germany4.56%
- Italy4.56%
- 43.74%
Developed 73% · Emerging 27%
BWX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
BWX$9,524
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BWX |
|---|---|
| Year to date | −4.5% |
| 1 month | −2.7% |
| 3 months | −1.5% |
| 1 year | −4.8% |
| 3 years | +2.2% |
| 5 years | −4.0% |
| 10 years | −1.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BWX |
|---|---|---|
| 2026 YTD | −4.5% | |
| 2025 | +7.7% | |
| 2024 | −5.9% | |
| 2023 | +5.1% | |
| 2022 | −19.7% | |
| 2021 | −8.7% | |
| 2020 | +9.5% |
BWX in the news
BWX Dividends
- 2.48%
- $0.53
- $0.04 per share
- Monthly
Distribution history
BWX Risk
- 9.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.22
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −28.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.39
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BWX Cost
0.35%
BWX0.35%
- The middle half of International Sovereign funds
- Median 0.35%
1 of the 6 International Sovereign funds charge less.
Other funds in International Sovereign
- BEBNDSPDR Bloomberg Emerging Markets Local Bond ETFExpense ratio 0.30%1 year return +3.6%
- BIGOViShares International Treasury Bond ETFExpense ratio 0.35%1 year return −5.0%
- BISHGiShares 1-3 Year International Treasury Bond ETFExpense ratio 0.35%1 year return −1.1%
- CWIPSPDR FTSE International Government Inflation-Protected Bond ETFExpense ratio 0.50%1 year return +4.8%
- DGGOViShares Global Government Bond USD Hedged Active ETFExpense ratio 0.39%1 year return +2.7%