SPDR® Bloomberg International Treasury Bond ETF

10-Year Study

BWX.US · · US · ETF

Executive Summary: SPDR® Bloomberg International Treasury Bond ETF has compounded at -0.9% annually over the last 10 years, with a maximum drawdown of 32.2% and an annualized volatility of 10.3%.

1Y CAGR
-1.4%
3Y CAGR
+1.7%
5Y CAGR
-4.3%
10Y CAGR
-0.9%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
32.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.57
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.84
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
9.0%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +9.9%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -19.7%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
50%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20261.40.8-4.71.7————————-1.0%
20250.11.41.05.8-0.52.6-3.72.10.2-1.0-0.60.37.7%
2024-3.1-1.10.4-3.61.4-0.93.93.12.3-4.80.2-3.4-5.9%
20233.6-4.74.7-0.3-2.60.81.0-2.4-4.0-1.46.14.95.1%
2022-2.6-1.1-4.2-7.00.5-4.62.0-5.6-6.30.28.1-0.2-19.7%
2021-1.2-2.7-2.81.71.0-1.71.4-0.9-2.4-0.4-0.6-0.2-8.6%
20200.40.0-3.81.50.91.93.70.4-1.21.02.02.49.5%
20191.4-1.10.9-0.41.13.4-1.31.9-1.00.9-1.51.45.7%
20182.9-0.71.8-2.8-2.0-1.00.3-0.6-0.7-1.70.82.1-1.9%
20171.50.30.81.41.90.32.90.7-1.9-0.82.10.29.9%
2016———1.5-2.73.81.1-1.11.0-4.2-5.7-0.3-6.8%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 10.3%. The dominant macroeconomic risk driver is UUP.US, accounting for 44.1% of variance. Idiosyncratic stock-specific factors contribute 4.3%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110152.520858935386
2016-05-019879.818575771294
2016-06-0110252.611409352565
2016-07-0110367.780221201734
2016-08-0110249.377465881897
2016-09-0110348.053166030657
2016-10-019913.896255093461
2016-11-019346.985964685337
2016-12-019321.882478494275
2017-01-019458.233620076322
2017-02-019486.934868378501
2017-03-019558.68798913395
2017-04-019695.039130715995
2017-05-019881.597244680164
2017-06-019913.896255093461
2017-07-0110204.54692451976
2017-08-0110279.897807386327
2017-09-0110088.124959575705
2017-10-0110011.520923614256
2017-11-0110222.414462195202
2017-12-0110247.841342733329
2018-01-0110547.021538063515
2018-02-0110468.275014552746
2018-03-0110653.741672595563
2018-04-0110355.248690252894
2018-05-0110145.4466075933
2018-06-0110041.717870771621
2018-07-0110071.187180648083
2018-08-0110008.165707263437
2018-09-019933.825431731453
2018-10-019769.37940624798
2018-11-019852.289631977232
2018-12-0110057.847163831577
2019-01-0110199.898130780673
2019-02-0110089.49938555074
2019-03-0110179.362589741932
2019-04-0110135.106563598956
2019-05-0110251.2047381938
2019-06-0110602.800050857235
2019-07-0110465.556317980714
2019-08-0110659.499446276004
2019-09-0110551.41229631367
2019-10-0110645.613156224845
2019-11-0110489.815304314949
2019-12-0110631.477051738562
2020-01-0110675.76051552525
2020-02-0110678.341160322652
2020-03-0110277.236327572324
2020-04-0110428.595347065535
2020-05-0110522.67592595239
2020-06-0110717.673826307091
2020-07-0111117.703840160622
2020-08-0111163.383643274496
2020-09-0111026.987274793655
2020-10-0111139.308933637774
2020-11-0111367.478952641613
2020-12-0111641.629477320123
2021-01-0111496.249041561321
2021-02-0111187.376623497259
2021-03-0110877.550438592925
2021-04-0111065.080120988961
2021-05-0111173.865826130994
2021-06-0110980.44699973658
2021-07-0111134.319584225168
2021-08-0111033.5395064902
2021-09-0110772.198910901636
2021-10-0110723.797364096446
2021-11-0110657.655137236448
2021-12-0110640.308454639504
2022-01-0110361.786177346332
2022-02-0110245.768190101035
2022-03-019812.983957054652
2022-04-019129.06065555279
2022-05-019178.900948456561
2022-06-018752.606493497942
2022-07-018931.540708848432
2022-08-018429.053622209334
2022-09-017895.724476251169
2022-10-017911.658627844576
2022-11-018555.19911749583
2022-12-018541.8641154728
2023-01-018846.523613556878
2023-02-018431.25183503198
2023-03-018828.375057464475
2023-04-018806.195544992981
2023-05-018577.587579695468
2023-06-018647.767702224422
2023-07-018732.635988299993
2023-08-018522.273729152987
2023-09-018180.27159921118
2023-10-018064.948311984542
2023-11-018555.897672675528
2023-12-018977.28759176433
2024-01-018702.315146752975
2024-02-018608.43349417557
2024-03-018641.850030034382
2024-04-018328.930463914876
2024-05-018447.437343124924
2024-06-018367.395718666246
2024-07-018689.63860623487
2024-08-018954.836675955912
2024-09-019165.131855300895
2024-10-018720.651063671721
2024-11-018739.941518462943
2024-12-018444.935343612651
2025-01-018452.832255478503
2025-02-018571.096259543292
2025-03-018659.835127298862
2025-04-019159.477876125706
2025-05-019117.347134261441
2025-06-019353.066329605697
2025-07-019006.44957190397
2025-08-019192.701653932725
2025-09-019209.920345183278
2025-10-019118.455107543148
2025-11-019067.411233363982
2025-12-019092.44125190539
2026-01-019217.547395776619
2026-02-019293.140805898713
2026-03-018854.779768449647
2026-04-019002.490136472414
Annual Return Matrix
YearAnnual Return
20170.09933174617629592
2018-0.01853992197454113
20190.05703306866401614
20200.09501524770881864
2021-0.08601210205421517
2022-0.19721649500224026
20230.0509752286392382
2024-0.059299899074198414
20250.0766738739785
2026-0.009892955361589517
Total Factor Risk
0.10254099863332886
VTI.US Exposure
-0.07937286272821531
VEA.US Exposure
-0.019071791644944977
VWO.US Exposure
-0.004022659212034765
QQQ.US Exposure
0.037313639210500946
VTV.US Exposure
-0.004533366459254692
IJR.US Exposure
0.029426413706395555
QUAL.US Exposure
0.03743725264152652
SHV.US Exposure
0.213535617563573
TLT.US Exposure
0.05181907410478274
LQD.US Exposure
0.15246837129086388
HYG.US Exposure
0.033486065520406776
GLD.US Exposure
0.039368062184263614
USO.US Exposure
0.015308065749275393
VNQ.US Exposure
0.011598312265491895
BTC-USD.CC Exposure
0.008691581954001689
CPER.US Exposure
-0.008600007737517896
VIX.INDX Exposure
-0.007972465489641662
UUP.US Exposure
0.4413243723239943
TIP.US Exposure
0.009233257840471585
Idiosyncratic Exposure
0.04256306691606153
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
10.3%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$35
Avg Yield on Cost
0.35%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$34.90.35%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.6%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-1.3%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
4.0% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.37
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is SPDR® Bloomberg International Treasury Bond ETF a high-risk investment?

SPDR® Bloomberg International Treasury Bond ETF (BWX.US) has an annualized volatility of 10.3% and experienced a maximum drawdown of 32.2% over the last 10 years. Its primary macro risk driver is UUP.US.

What is the 10-year return of BWX.US?

Over the past 10 years, BWX.US has generated a Compound Annual Growth Rate (CAGR) of -0.9%. It has had a positive return in 50% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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