FRWD vs BWZ
Comparison between NOMURA TRANSFORMATIONAL TECHNOLOGIES ETF (FRWD, ETF) and SPDR(R) BLOOMBERG SHORT TERM INTERNATIONAL TREASURY BOND ETF (BWZ, ETF).
FRWD vs BWZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FRWD
$268M
Winner
BWZ
$268M
Expense Ratio
FRWD
0.65%
Winner
BWZ
0.35%
Max Drawdown
Winner
FRWD
18.49%
BWZ
38.33%
Sharpe Ratio
Winner
FRWD
1.30
BWZ
-0.33
5Y Beta
FRWD
2.04
Winner
BWZ
0.01
P/E Ratio
FRWD
37.94
BWZ
N/A
Forward P/E
FRWD
25.01
BWZ
N/A
PEG Ratio
FRWD
0.18
BWZ
N/A
5Y Dividends CAGR
FRWD
N/A
BWZ
161.85%
5Y EPS CAGR
FRWD
37.03%
BWZ
N/A
P/S Ratio
FRWD
4.40
BWZ
N/A
P/B Ratio
FRWD
13.00
BWZ
N/A
FRWD vs BWZ - Historical Returns
Returns include dividend reinvestment.
1M
FRWD
+1.86%
Winner
BWZ
+3.00%
3M
Winner
FRWD
+4.74%
BWZ
+1.63%
6M
Winner
FRWD
+31.37%
BWZ
-0.04%
1Y
FRWD
N/A
BWZ
+1.72%
5Y(CAGR)
FRWD
N/A
BWZ
-0.96%
10Y(CAGR)
FRWD
N/A
BWZ
-0.50%
Max(CAGR)
Winner
FRWD
+53.03%
BWZ
-0.09%
FRWD vs BWZ - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | FRWD | BWZ |
|---|---|---|
| 2026 | +29.21% | +1.71% |
| 2025 | N/A | +10.88% |
| 2024 | N/A | -4.53% |
| 2023 | N/A | +3.85% |
| 2022 | N/A | -10.17% |
| 2021 | N/A | -6.90% |
| 2020 | N/A | +6.74% |
| 2019 | N/A | +1.29% |
| 2018 | N/A | -3.82% |
| 2017 | N/A | +10.82% |
| 2016 | N/A | -1.22% |
| 2015 | N/A | -6.54% |
| 2014 | N/A | -9.36% |
| 2013 | N/A | -2.29% |
| 2012 | N/A | +2.23% |
| 2011 | N/A | -0.77% |
| 2010 | N/A | +0.98% |
| 2009 | N/A | +12.97% |
FRWD vs BWZ Drawdown Comparison
The maximum drawdown for FRWD was -18.49%, occurring on Mar 30, 2026. Recovery took 53 trading sessions.
The maximum drawdown for BWZ was -34.22%, occurring on Sep 27, 2022. This drawdown has not yet recovered.
The current FRWD drawdown is -6.61%. The current BWZ drawdown is -20.92%.
| Rank | FRWD | BWZ |
|---|---|---|
| #1 | -18.49% Jan 28, 2026 - Apr 15, 2026 | -34.22% Aug 29, 2011 - Sep 27, 2022 |
| #2 | -15.88% Jun 18, 2026 - Jul 29, 2026 | -13.70% Dec 1, 2009 - Nov 4, 2010 |
| #3 | -9.94% Jun 2, 2026 - Jun 15, 2026 | -6.59% Nov 4, 2010 - Jan 26, 2011 |
| #4 | -5.01% May 14, 2026 - May 22, 2026 | -5.56% Feb 9, 2009 - Mar 18, 2009 |
| #5 | -2.67% Apr 24, 2026 - May 1, 2026 | -5.06% Jan 26, 2011 - Apr 26, 2011 |
| #6 | -1.87% Jan 16, 2026 - Jan 22, 2026 | -3.58% May 2, 2011 - Jul 29, 2011 |
| #7 | -1.81% Jun 15, 2026 - Jun 18, 2026 | -3.43% Jun 2, 2009 - Jul 20, 2009 |
| #8 | -1.60% May 11, 2026 - May 14, 2026 | -2.51% Mar 19, 2009 - May 4, 2009 |
| #9 | -1.53% Jan 13, 2026 - Jan 16, 2026 | -2.22% Oct 14, 2009 - Nov 11, 2009 |
| #10 | -1.34% May 6, 2026 - May 8, 2026 | -2.20% Jul 29, 2011 - Aug 29, 2011 |
| #11 | -0.89% Apr 22, 2026 - Apr 24, 2026 | -2.14% Sep 18, 2009 - Oct 14, 2009 |
| #12 | -0.59% Apr 17, 2026 - Apr 22, 2026 | -1.88% Aug 4, 2009 - Aug 25, 2009 |
| #13 | -0.09% May 1, 2026 - May 5, 2026 | -1.52% Feb 3, 2009 - Feb 9, 2009 |
| #14 | N/A | -1.10% May 22, 2009 - Jun 1, 2009 |
| #15 | N/A | -1.05% Nov 11, 2009 - Nov 25, 2009 |
Correlation
Correlation between FRWD and BWZ is -0.20 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.20
-101
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