CWB vs BBAX

Comparison between STATE STREET(R) SPDR(R) BLOOMBERG CONVERTIBLE SECURITIES ETF (CWB, ETF) and JPMORGAN BETABUILDERS DEVELOPED ASIA PACIFIC EX-JAPAN ETF (BBAX, ETF).

5-Year PerformanceBBAX has outperformed CWB, delivering a return of +6.1% compared to +5.9%

CWB vs BBAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CWB(ETF)	BBAX(ETF)
Net Assets	$6.20B	$6.20B
Expense Ratio	0.40%	0.19%
Max Drawdown	32.16%	39.64%
Sharpe Ratio	1.11	0.97
5Y Beta	0.64	0.74
5Y Dividends CAGR	-4.71%	8.40%

Net Assets

CWB

$6.20B

BBAX

$6.20B

Expense Ratio

CWB

0.40%

Winner

BBAX

0.19%

Max Drawdown

Winner

CWB

32.16%

BBAX

39.64%

Sharpe Ratio

Winner

CWB

1.11

BBAX

0.97

5Y Beta

Winner

CWB

0.64

BBAX

0.74

5Y Dividends CAGR

CWB

-4.71%

Winner

BBAX

8.40%

CWB vs BBAX - Historical Returns

Returns include dividend reinvestment.

Period	CWB	BBAX
1 month	-7.17%	+1.40%
3 months	+1.75%	+0.02%
6 months	+8.91%	+8.51%
1 year	+21.91%	+18.01%
5 years(CAGR)	+5.91%	+6.15%
10 years(CAGR)	+11.72%	N/A
Max(CAGR)	+11.50%	+6.86%

CWB

-7.17%

Winner

BBAX

+1.40%

Winner

CWB

+1.75%

BBAX

+0.02%

Winner

CWB

+8.91%

BBAX

+8.51%

Winner

CWB

+21.91%

BBAX

+18.01%

5Y(CAGR)

CWB

+5.91%

Winner

BBAX

+6.15%

10Y(CAGR)

CWB

+11.72%

BBAX

N/A

Max(CAGR)

Winner

CWB

+11.50%

BBAX

+6.86%

CWB vs BBAX - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	CWB	BBAX
2026	+12.93%	+10.75%
2025	+16.44%	+20.43%
2024	+10.97%	+3.69%
2023	+14.90%	+5.73%
2022	-20.52%	-4.79%
2021	+2.71%	+4.72%
2020	+52.07%	+6.61%
2019	+22.44%	+19.97%
2018	-3.35%	-9.66%
2017	+15.84%	N/A
2016	+11.56%	N/A
2015	-0.87%	N/A
2014	+8.01%	N/A
2013	+19.29%	N/A
2012	+14.23%	N/A
2011	-7.95%	N/A
2010	+12.77%	N/A
2009	+29.61%	N/A

CWB vs BBAX Drawdown Comparison

The maximum drawdown for CWB was -32.06%, occurring on Mar 23, 2020. Recovery took 76 trading sessions.

The maximum drawdown for BBAX was -39.64%, occurring on Mar 23, 2020. Recovery took 217 trading sessions.

The current CWB drawdown is -8.23%. The current BBAX drawdown is -1.73%.

Rank	CWB	BBAX
#1	-32.06% Feb 19, 2020 - Jun 8, 2020	-39.64% Jan 16, 2020 - Nov 24, 2020
#2	-29.86% Feb 12, 2021 - Jul 16, 2025	-24.40% Jun 4, 2021 - Sep 16, 2024
#3	-17.09% May 2, 2011 - Oct 18, 2012	-20.13% Oct 2, 2024 - Jun 2, 2025
#4	-15.95% Jun 1, 2015 - Jul 22, 2016	-12.75% Aug 29, 2018 - Feb 22, 2019
#5	-13.79% Jun 20, 2018 - Feb 25, 2019	-10.47% Jul 3, 2019 - Jan 2, 2020
#6	-10.76% Apr 26, 2010 - Oct 5, 2010	-9.00% Feb 25, 2026 - Mar 30, 2026
#7	-9.06% Sep 5, 2014 - Mar 20, 2015	-6.25% Oct 28, 2025 - Dec 23, 2025
#8	-8.23% Jun 2, 2026 - Jul 16, 2026	-4.99% Jan 21, 2021 - Feb 11, 2021
#9	-7.61% Sep 1, 2020 - Oct 9, 2020	-4.66% May 3, 2019 - Jun 19, 2019
#10	-7.58% Jan 19, 2010 - Mar 8, 2010	-4.51% Feb 23, 2021 - Apr 14, 2021
#11	-7.52% Oct 29, 2025 - Jan 13, 2026	-3.87% Sep 15, 2025 - Oct 28, 2025
#12	-7.36% Jan 26, 2018 - Mar 12, 2018	-2.80% Nov 25, 2020 - Dec 4, 2020
#13	-6.76% Jan 28, 2026 - Apr 8, 2026	-2.78% Aug 8, 2018 - Aug 29, 2018
#14	-6.52% May 21, 2013 - Jul 22, 2013	-2.77% May 10, 2021 - May 28, 2021
#15	-6.24% May 3, 2019 - Jul 12, 2019	-2.71% Jun 10, 2025 - Jun 26, 2025

Correlation

Correlation between CWB and BBAX is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2009 - 2026)

CWB vs BBAX dividend yield comparison.

Year	CWB	BBAX
2026	0.69%	1.64%
2025	1.69%	3.86%
2024	1.85%	4.13%
2023	1.97%	4.17%
2022	2.21%	5.06%
2021	1.97%	5.47%
2020	2.34%	2.57%
2019	3.03%	4.07%
2018	6.17%	1.36%
2017	4.25%	0.00%
2016	4.60%	0.00%
2015	7.52%	0.00%
2014	7.37%	0.00%
2013	3.66%	0.00%
2012	3.84%	0.00%
2011	4.97%	0.00%
2010	4.59%	0.00%
2009	3.88%	0.00%