BWZ vs SPY
Comparison between SPDR(R) BLOOMBERG SHORT TERM INTERNATIONAL TREASURY BOND ETF (BWZ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed BWZ, delivering a return of +13.3% compared to -2.1%
BWZ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
BWZ vs SPY - Historical Returns
Returns include dividend reinvestment.
BWZ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BWZ | SPY |
|---|---|---|
| 2026 | -0.73% | +8.26% |
| 2025 | +10.88% | +18.00% |
| 2024 | -4.53% | +25.59% |
| 2023 | +3.85% | +26.72% |
| 2022 | -10.17% | -18.64% |
| 2021 | -6.90% | +30.52% |
| 2020 | +6.74% | +17.28% |
| 2019 | +1.29% | +31.09% |
| 2018 | -3.82% | -5.24% |
| 2017 | +10.82% | +20.78% |
| 2016 | -1.22% | +13.59% |
| 2015 | -6.54% | +1.31% |
| 2014 | -9.36% | +14.56% |
| 2013 | -2.29% | +29.00% |
| 2012 | +2.23% | +14.17% |
| 2011 | -0.77% | +0.85% |
| 2010 | +0.98% | +13.14% |
| 2009 | +12.97% | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +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% |
BWZ vs SPY Drawdown Comparison
The maximum drawdown for BWZ was -34.22%, occurring on Sep 27, 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 BWZ drawdown is -22.82%. The current SPY drawdown is -2.90%.
| Rank | BWZ | SPY |
|---|---|---|
| #1 | -34.22% Aug 29, 2011 - Sep 27, 2022 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -13.70% Dec 1, 2009 - Nov 4, 2010 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -6.59% Nov 4, 2010 - Jan 26, 2011 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -5.56% Feb 9, 2009 - Mar 18, 2009 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -5.06% Jan 26, 2011 - Apr 26, 2011 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -3.58% May 2, 2011 - Jul 29, 2011 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -3.43% Jun 2, 2009 - Jul 20, 2009 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -2.51% Mar 19, 2009 - May 4, 2009 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -2.22% Oct 14, 2009 - Nov 11, 2009 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -2.20% Jul 29, 2011 - Aug 29, 2011 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.14% Sep 18, 2009 - Oct 14, 2009 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -1.88% Aug 4, 2009 - Aug 25, 2009 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -1.52% Feb 3, 2009 - Feb 9, 2009 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -1.10% May 22, 2009 - Jun 1, 2009 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.05% Nov 11, 2009 - Nov 25, 2009 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BWZ and SPY is -0.67 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
Dividend Comparison (1999 - 2026)
BWZ vs SPY dividend yield comparison.
| Year | BWZ | SPY |
|---|---|---|
| 2026 | 0.87% | 0.24% |
| 2025 | 2.05% | 1.07% |
| 2024 | 2.47% | 1.21% |
| 2023 | 1.63% | 1.40% |
| 2022 | 0.44% | 1.65% |
| 2021 | 0.60% | 1.20% |
| 2020 | 0.13% | 1.52% |
| 2019 | 0.43% | 1.75% |
| 2018 | 1.10% | 2.04% |
| 2017 | 0.40% | 1.80% |
| 2016 | 0.13% | 2.03% |
| 2015 | 0.06% | 2.06% |
| 2014 | 0.19% | 1.87% |
| 2013 | 0.09% | 1.81% |
| 2012 | 0.01% | 2.18% |
| 2011 | 3.53% | 2.05% |
| 2010 | 0.19% | 1.80% |
| 2009 | 1.61% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 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% |
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