BWX vs SPY

Comparison between SPDR Bloomberg International Treasury Bond ETF (BWX, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed BWX, delivering a return of +13.3% compared to -4.0%

BWX vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BWX(ETF)	SPY(ETF)
Net Assets	$1.50B	$652B
Expense Ratio	0.35%	0.09%
Max Drawdown	35.95%	56.47%
Sharpe Ratio	-0.45	2.07
5Y Beta	0.00	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	14.53%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

BWX

$1.50B

Winner

SPY

$652B

Expense Ratio

BWX

0.35%

Winner

SPY

0.09%

Max Drawdown

Winner

BWX

35.95%

SPY

56.47%

Sharpe Ratio

BWX

-0.45

Winner

SPY

2.07

5Y Beta

Winner

BWX

0.00

SPY

1.00

P/E Ratio

BWX

N/A

SPY

28.24

Forward P/E

BWX

N/A

SPY

21.85

5Y Dividends CAGR

Winner

BWX

14.53%

SPY

5.43%

5Y EPS CAGR

BWX

N/A

SPY

25.79%

Debt to Equity

BWX

N/A

SPY

22.35%

P/S Ratio

BWX

N/A

SPY

3.55

P/B Ratio

BWX

N/A

SPY

5.29

BWX vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	BWX	SPY
1 month	+0.83%	+9.11%
3 months	-1.35%	+6.59%
6 months	+0.05%	+10.56%
1 year	+1.04%	+32.04%
5 years(CAGR)	-4.05%	+13.35%
10 years(CAGR)	-1.01%	+15.49%
Max(CAGR)	+0.62%	+8.50%

BWX

+0.83%

Winner

SPY

+9.11%

BWX

-1.35%

Winner

SPY

+6.59%

BWX

+0.05%

Winner

SPY

+10.56%

BWX

+1.04%

Winner

SPY

+32.04%

5Y(CAGR)

BWX

-4.05%

Winner

SPY

+13.35%

10Y(CAGR)

BWX

-1.01%

Winner

SPY

+15.49%

Max(CAGR)

BWX

+0.62%

Winner

SPY

+8.50%

BWX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BWX	SPY
2026	+0.35%	+8.27%
2025	+8.27%	+18.00%
2024	-5.03%	+25.59%
2023	+5.34%	+26.72%
2022	-18.75%	-18.64%
2021	-9.16%	+30.52%
2020	+9.62%	+17.28%
2019	+5.62%	+31.09%
2018	-2.40%	-5.24%
2017	+11.31%	+20.78%
2016	+0.66%	+13.59%
2015	-6.28%	+1.31%
2014	-1.91%	+14.56%
2013	-3.28%	+29.00%
2012	+4.56%	+14.17%
2011	+4.00%	+0.85%
2010	+3.73%	+13.14%
2009	+6.31%	+22.67%
2008	+3.55%	-36.25%
2007	+3.97%	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

BWX vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current BWX drawdown is -22.40%.

Rank	BWX	SPY
#1	-34.05% Jan 5, 2021 - Oct 20, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-23.01% Mar 14, 2008 - Sep 8, 2009	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-15.41% Jul 1, 2014 - Mar 3, 2020	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-13.37% Mar 9, 2020 - Jul 27, 2020	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-12.97% Dec 1, 2009 - Oct 1, 2010	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-9.13% Oct 17, 2012 - May 6, 2014	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-8.63% Nov 4, 2010 - Apr 27, 2011	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-8.10% Aug 23, 2011 - Sep 11, 2012	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-4.57% Nov 26, 2007 - Jan 14, 2008	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-3.41% May 2, 2011 - Jun 3, 2011	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-3.37% Jun 7, 2011 - Aug 9, 2011	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-2.68% Oct 14, 2010 - Nov 4, 2010	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-1.78% Aug 6, 2020 - Oct 21, 2020	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.69% Oct 8, 2009 - Nov 9, 2009	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.47% Feb 1, 2008 - Feb 27, 2008	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BWX and SPY is -0.18 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.18

-101

Dividend Comparison (1999 - 2026)

BWX vs SPY dividend yield comparison.

Year	BWX	SPY
2026	0.75%	0.24%
2025	2.19%	1.07%
2024	1.99%	1.21%
2023	1.62%	1.40%
2022	1.23%	1.65%
2021	0.93%	1.20%
2020	0.95%	1.52%
2019	1.16%	1.75%
2018	1.07%	2.04%
2017	0.46%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	1.77%	1.87%
2013	1.88%	1.81%
2012	1.80%	2.18%
2011	3.35%	2.05%
2010	1.08%	1.80%
2009	0.87%	1.95%
2008	2.98%	3.02%
2007	0.59%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%