SPDR Bloomberg Short Term International Treasury Bond ETF
$26.77−0.25 (−0.93%)
- Expense ratio
- 0.35%
- Fund size
- $324M
- 1Y return
- −1.2%
- Yield · Last 12 months
- 2.09%
- Holdings
- 339
- Volume · 30D
- 0.1M sh
- NAV per share
- $26.99
- 52W range
The ETF.net BWZ Grade
Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 4Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 84Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 30Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 24Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 99Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 61Category rank
Our read on BWZ
CThe odd one out on the short-Treasury shelf. BWZ skips Uncle Sam and buys 1-3 year government bonds from the rest of the world, spread across a few hundred issues with index caps so no single country runs the show.
The fund seeks to track, before fees and expenses, the price and yield performance of the Bloomberg 1-3 Year Global Treasury ex-US Capped Index.
Why people hold it
- Buys where its shelf-mates don't: short-dated sovereign debt issued outside the US, with index caps that keep one country from dominating the basket.
- About 300 bonds, all parked in the 1-3 year slice of the curve, the corner of government debt where rate swings bite least.
- Running since 2009 under State Street's SPDR banner, through several full rate cycles, and it pays monthly.
Worth knowing
- Costs 0.35% a year. The plain US short-Treasury funds it gets shelved beside (VGSH, SCHO, SPTS) charge 0.03%.
- Filed with 1-3 year Treasury funds, but the holdings are foreign governments. Expect it to move on its own schedule, not in step with SHY and company.
- Mid-sized and moderately traded rather than a volume monster, so the spread you pay matters more here than in the giant short-Treasury names.
BWZ Holdings
- Bonds
- 339
- 11%
- BELGIUM KINGDOM SR UNSECURED REGS 03/28 5.5
Geography
- Japan23.68%
- France5.41%
- South Korea4.67%
- China4.61%
- Italy4.58%
- Germany4.57%
- Canada4.56%
- United Kingdom4.55%
- 43.34%
Developed 72% · Emerging 28%
BWZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | BWZ |
|---|---|
| Year to date | −0.0% |
| 1 month | −1.3% |
| 3 months | +1.6% |
| 1 year | −1.2% |
| 3 years | +3.5% |
| 5 years | −1.3% |
| 10 years | −0.6% |
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 | BWZ |
|---|---|---|
| 2026 YTD | −0.0% | |
| 2025 | +10.4% | |
| 2024 | −5.3% | |
| 2023 | +3.0% | |
| 2022 | −10.6% | |
| 2021 | −6.8% | |
| 2020 | +6.5% |
BWZ in the news
ETF.net Research hasn’t filed on BWZ yet — coverage lands here as it’s written.
BWZ Dividends
- 2.09%
- $0.57
- $0.05 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.05 |
| Aug 3, 2026 | Aug 6, 2026 | $0.05 |
| Jul 1, 2026 | Jul 7, 2026 | $0.05 |
| Jun 1, 2026 | Jun 4, 2026 | $0.05 |
| May 1, 2026 | May 6, 2026 | $0.04 |
| Apr 1, 2026 | Apr 6, 2026 | $0.05 |
| Mar 2, 2026 | Mar 5, 2026 | $0.04 |
| Feb 2, 2026 | Feb 5, 2026 | $0.05 |
| Dec 18, 2025 | Dec 23, 2025 | $0.05 |
| Dec 1, 2025 | Dec 4, 2025 | $0.04 |
| Nov 3, 2025 | Nov 6, 2025 | $0.04 |
| Oct 1, 2025 | Oct 6, 2025 | $0.05 |
BWZ Risk
- 7.6%
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.
- −0.15
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.
- −21.1%
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.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BWZ Cost
- The middle half of Treasuries (1-3 Year) funds
- Median 0.15%
13 of the 15 Treasuries (1-3 Year) funds charge less.