SPDR Bloomberg Short Term International Treasury Bond ETF
$26.63+0.06 (+0.23%)
- 0.35%
- $319M
- −0.9%
- 2.14%
- 0.1M sh
- $26.57
- low $26.50high $28.26
The ETF.net BWZ Grade
C
Score 44 out of 100
- 14 of 15
Score 44 of 100 falls in the C 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.F4 out of 100Rank 14 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.A88 out of 100Rank 14 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D31 out of 100Rank 15 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F22 out of 100Rank 13 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A99 out of 100Rank 1 of 15Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 7 of 15
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
- 295
- 11%
- Belgium Kingdom Sr Unsecured Regs 03/28 5.5
Geography
- Japan23.21%
- France5.42%
- South Korea4.75%
- China4.63%
- United Kingdom4.62%
- Canada4.62%
- Italy4.59%
- Germany4.58%
- 43.57%
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.
BWZ$9,913
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 | BWZ |
|---|---|
| Year to date | −1.5% |
| 1 month | −2.8% |
| 3 months | −0.4% |
| 1 year | −0.9% |
| 3 years | +3.3% |
| 5 years | −1.3% |
| 10 years | −0.5% |
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 | −1.5% | |
| 2025 | +10.4% | |
| 2024 | −5.3% | |
| 2023 | +3.0% | |
| 2022 | −10.6% | |
| 2021 | −6.8% | |
| 2020 | +6.5% |
BWZ in the news
BWZ Dividends
- 2.14%
- $0.57
- $0.05 per share
- Monthly
Distribution history
BWZ Risk
- 7.5%
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.
- −0.10
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.
- −20.4%
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
0.35%
BWZ0.35%
- The middle half of Treasuries (1-3 Year) funds
- Median 0.15%
13 of the 15 Treasuries (1-3 Year) funds charge less.
Other funds in Treasuries (1-3 Year)
- BUSSHWisdomTree 1-3 Year Laddered Treasury FundExpense ratio 0.15%1 year return +1.4%
- BNEARiShares Short Duration Bond Active ETFExpense ratio 0.25%1 year return +2.0%
- CFTSDFranklin Short Duration U.S. Government ETFExpense ratio 0.25%1 year return +2.0%
- CCUSTCorgi 1-3 Year Treasury Bond ETFExpense ratio 0.05%1 year return —
- DSJLDSanJac Alpha Low Duration ETFExpense ratio 0.35%1 year return +2.9%