ASA vs BWX

Comparison between ASA Gold and Precious Metals Ltd (ASA, ETF) and SPDR Bloomberg International Treasury Bond ETF (BWX, ETF).

5-Year PerformanceASA has outperformed BWX, delivering a return of +25.3% compared to -4.1%

ASA vs BWX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ASA(ETF)	BWX(ETF)
Net Assets	$1.40B	$1.50B
Expense Ratio	N/A	0.35%
Max Drawdown	81.29%	35.95%
Sharpe Ratio	1.99	-0.35
5Y Beta	0.65	0.00
5Y Dividends CAGR	37.97%	14.53%

Net Assets

ASA

$1.40B

Winner

BWX

$1.50B

Expense Ratio

ASA

N/A

BWX

0.35%

Max Drawdown

ASA

81.29%

Winner

BWX

35.95%

Sharpe Ratio

Winner

ASA

1.99

BWX

-0.35

5Y Beta

ASA

0.65

Winner

BWX

0.00

5Y Dividends CAGR

Winner

ASA

37.97%

BWX

14.53%

ASA vs BWX - Historical Returns

Returns include dividend reinvestment.

Period	ASA	BWX
1 month	+4.74%	+0.74%
3 months	-2.26%	-2.39%
6 months	+47.47%	-0.57%
1 year	+147.85%	+2.03%
5 years(CAGR)	+25.33%	-4.10%
10 years(CAGR)	+18.73%	-1.07%
Max(CAGR)	+10.78%	+0.60%

Winner

ASA

+4.74%

BWX

+0.74%

Winner

ASA

-2.26%

BWX

-2.39%

Winner

ASA

+47.47%

BWX

-0.57%

Winner

ASA

+147.85%

BWX

+2.03%

5Y(CAGR)

Winner

ASA

+25.33%

BWX

-4.10%

10Y(CAGR)

Winner

ASA

+18.73%

BWX

-1.07%

Max(CAGR)

Winner

ASA

+10.78%

BWX

+0.60%

ASA vs BWX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ASA	BWX
2026	+21.19%	-0.10%
2025	+185.28%	+8.27%
2024	+33.84%	-5.03%
2023	+2.44%	+5.34%
2022	-31.22%	-18.75%
2021	-8.86%	-9.16%
2020	+59.82%	+9.62%
2019	+44.51%	+5.62%
2018	-17.92%	-2.40%
2017	-0.27%	+11.31%
2016	+52.33%	+0.66%
2015	-30.87%	-6.28%
2014	-18.39%	-1.91%
2013	-44.28%	-3.28%
2012	-18.82%	+4.56%
2011	-22.09%	+4.00%
2010	+32.28%	+3.73%
2009	+57.63%	+6.31%
2008	-31.94%	+3.55%
2007	+22.37%	+3.97%
2006	+10.44%	N/A
2005	+44.00%	N/A
2004	-9.96%	N/A
2003	+13.32%	N/A
2002	+111.50%	N/A
2001	+31.88%	N/A
2000	-18.67%	N/A
1999	-2.87%	N/A

ASA vs BWX Drawdown Comparison

The maximum drawdown for ASA was -80.31%, occurring on Jan 19, 2016. Recovery took 3643 trading sessions.

The maximum drawdown for BWX was -34.05%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The current ASA drawdown is -13.16%. The current BWX drawdown is -22.75%.

Rank	ASA	BWX
#1	-80.31% Dec 6, 2010 - Jun 2, 2025	-34.05% Jan 5, 2021 - Oct 20, 2022
#2	-65.13% Mar 14, 2008 - Sep 14, 2010	-23.01% Mar 14, 2008 - Sep 8, 2009
#3	-35.70% Jun 3, 2002 - Dec 13, 2002	-15.41% Jul 1, 2014 - Mar 3, 2020
#4	-32.51% Feb 27, 2026 - Mar 20, 2026	-13.37% Mar 9, 2020 - Jul 27, 2020
#5	-31.72% Nov 10, 1999 - May 16, 2001	-12.97% Dec 1, 2009 - Oct 1, 2010
#6	-28.66% Dec 2, 2003 - Sep 29, 2005	-9.13% Oct 17, 2012 - May 6, 2014
#7	-27.87% May 9, 2006 - Sep 25, 2007	-8.63% Nov 4, 2010 - Apr 27, 2011
#8	-23.62% Jan 3, 2003 - Aug 11, 2003	-8.10% Aug 23, 2011 - Sep 11, 2012
#9	-23.37% May 18, 2001 - Jan 16, 2002	-4.57% Nov 26, 2007 - Jan 14, 2008
#10	-17.89% Feb 2, 2006 - Apr 19, 2006	-3.41% May 2, 2011 - Jun 3, 2011
#11	-17.24% Oct 16, 2025 - Dec 1, 2025	-3.37% Jun 7, 2011 - Aug 9, 2011
#12	-17.12% Jan 28, 2026 - Feb 24, 2026	-2.68% Oct 14, 2010 - Nov 4, 2010
#13	-15.06% Nov 6, 2007 - Jan 3, 2008	-1.78% Aug 6, 2020 - Oct 21, 2020
#14	-11.68% Feb 8, 2002 - Mar 22, 2002	-1.69% Oct 8, 2009 - Nov 9, 2009
#15	-11.43% Jun 5, 2025 - Aug 7, 2025	-1.47% Feb 1, 2008 - Feb 27, 2008

Correlation

Correlation between ASA and BWX is -0.13 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.13

-101

Dividend Comparison (2000 - 2026)

ASA vs BWX dividend yield comparison.

Year	ASA	BWX
2026	0.06%	0.76%
2025	0.10%	2.19%
2024	0.20%	1.99%
2023	0.13%	1.62%
2022	0.14%	1.23%
2021	0.09%	0.93%
2020	0.09%	0.95%
2019	0.15%	1.16%
2018	0.32%	1.07%
2017	0.35%	0.46%
2016	0.36%	0.00%
2015	0.56%	0.00%
2014	0.40%	1.77%
2013	1.47%	1.88%
2012	1.76%	1.80%
2011	1.37%	3.35%
2010	0.98%	1.08%
2009	1.81%	0.87%
2008	3.92%	2.98%
2007	3.06%	0.59%
2006	1.39%	0.00%
2005	1.64%	0.00%
2004	1.36%	0.00%
2003	1.76%	0.00%
2002	1.95%	0.00%
2001	4.00%	0.00%
2000	1.96%	0.00%