SPDR® Bloomberg Short Term International Treasury Bond ETF

10-Year Study

BWZ.US · · US · ETF

Executive Summary: SPDR® Bloomberg Short Term International Treasury Bond ETF has compounded at -0.2% annually over the last 10 years, with a maximum drawdown of 23.3% and an annualized volatility of 10.5%.

1Y CAGR
+0.8%
3Y CAGR
+2.9%
5Y CAGR
-1.9%
10Y CAGR
-0.2%

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 →
23.3%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.66
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-1.05
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
7.0%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +10.4%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -10.6%
% 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.
20261.8-0.3-3.21.8————————-0.1%
20250.61.32.14.90.42.0-3.02.50.3-2.10.11.310.4%
2024-2.6-0.7-0.2-2.51.5-1.13.02.72.1-4.1-0.6-2.6-5.3%
20231.8-3.93.1-0.0-1.90.31.7-2.1-2.7-0.13.63.43.0%
2022-0.8-0.3-3.2-4.90.9-3.4-0.2-3.1-4.0-0.06.12.3-10.6%
2021-0.9-0.9-2.31.80.9-1.9-0.2-0.3-1.6-0.3-1.50.1-6.8%
2020-1.1-0.8-2.00.70.91.33.10.9-1.00.22.32.06.5%
20191.1-0.6-0.8-0.00.11.9-1.8-0.1-0.61.5-1.21.81.2%
20183.4-1.10.7-2.3-2.2-1.00.4-0.6-0.1-1.70.21.0-3.4%
20173.1-0.51.00.81.51.13.00.1-1.1-1.01.20.610.2%
2016———2.1-3.52.11.0-0.50.8-2.5-4.4-1.2-6.2%

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 10.5%. The dominant macroeconomic risk driver is SHV.US, accounting for 51.5% of variance. Idiosyncratic stock-specific factors contribute 1.6%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110207.928577221295
2016-05-019846.442436188105
2016-06-0110051.162347896914
2016-07-0110153.522303751317
2016-08-0110099.116030281339
2016-09-0110175.947702278152
2016-10-019923.203588063763
2016-11-019491.338366119311
2016-12-019375.967447912075
2017-01-019667.215548276312
2017-02-019615.982680258243
2017-03-019712.06634532998
2017-04-019792.141942899858
2017-05-019936.28507053775
2017-06-0110045.203397659438
2017-07-0110343.115649472686
2017-08-0110355.91505146206
2017-09-0110245.05742100865
2017-10-0110146.858152302306
2017-11-0110269.739463412398
2017-12-0110330.809888331387
2018-01-0110684.60933615884
2018-02-0110566.276572863151
2018-03-0110639.934839408053
2018-04-0110394.066437006137
2018-05-0110169.953491980099
2018-06-0110067.981396792038
2018-07-0110108.072085667844
2018-08-0110051.51494850268
2018-09-0110036.846763302738
2018-10-019863.190964962077
2018-11-019885.581103428336
2018-12-019983.321991347182
2019-01-0110093.897541315975
2019-02-0110029.230590218154
2019-03-019948.202971012703
2019-04-019944.82701067362
2019-05-019955.270091969325
2019-06-0110144.915452951564
2019-07-019965.327812266676
2019-08-019956.185408406951
2019-09-019897.369097567438
2019-10-0110041.188781295163
2019-11-019920.208966441953
2019-12-0110099.133490295466
2020-01-019991.174572980006
2020-02-019909.034170021972
2020-03-019708.70428865431
2020-04-019773.535728236016
2020-05-019863.259605220992
2020-06-019992.630605373437
2020-07-0110302.189817539791
2020-08-0110394.239983692842
2020-09-0110286.136471936463
2020-10-0110302.515995697213
2020-11-0110538.375757593736
2020-12-0110751.973355847133
2021-01-0110650.412910675372
2021-02-0110558.68623255061
2021-03-0110319.535097659418
2021-04-0110502.995179231777
2021-05-0110601.279047119107
2021-06-0110401.43742418915
2021-07-0110385.055210299266
2021-08-0110349.019585493334
2021-09-0110185.54245565586
2021-10-0110159.33118244496
2021-11-0110005.677059137952
2021-12-0110015.946627104557
2022-01-019936.849432728639
2022-02-019911.466719290815
2022-03-019596.318763849904
2022-04-019121.609834057408
2022-05-019202.057473258274
2022-06-018887.453596434585
2022-07-018869.96977466459
2022-08-018595.764239568862
2022-09-018249.159931639282
2022-10-018248.831063352729
2022-11-018754.966081681141
2022-12-018958.521427879705
2023-01-019124.051126245933
2023-02-018771.47002391431
2023-03-019045.113322021167
2023-04-019043.78305316472
2023-05-018867.955540475987
2023-06-018892.913213510741
2023-07-019045.223617315634
2023-08-018851.962050245875
2023-09-018615.267675785726
2023-10-018606.89666645499
2023-11-018916.8735211693
2023-12-019223.911409805412
2024-01-018988.262150513572
2024-02-018923.848353479822
2024-03-018905.267631555698
2024-04-018681.543714712048
2024-05-018813.802568489155
2024-06-018712.540055118912
2024-07-018975.051598871923
2024-08-019218.301145497788
2024-09-019414.874261530715
2024-10-019029.838096269661
2024-11-018972.83425993375
2024-12-018736.344335287737
2025-01-018784.610632198493
2025-02-018899.307650460738
2025-03-019088.62548822099
2025-04-019531.7536470524
2025-05-019573.073358008534
2025-06-019762.266104764085
2025-07-019466.123911650368
2025-08-019699.270678315897
2025-09-019727.591685299634
2025-10-019523.394743302764
2025-11-019528.306246567998
2025-12-019648.848242904753
2026-01-019821.337305338984
2026-02-019787.135014297954
2026-03-019474.69561752707
2026-04-019643.626567750443
Annual Return Matrix
YearAnnual Return
20170.10183935105618835
2018-0.033636075074490845
20190.011600497214119931
20200.06464315638356499
2021-0.06845503652055751
2022-0.10557416473878867
20230.02962430620523948
2024-0.05285903700239036
20250.10444916919440095
2026-0.000541170824004733
Total Factor Risk
0.10497688709369349
VTI.US Exposure
-0.027132872390063068
VEA.US Exposure
-0.015951488469828266
VWO.US Exposure
0.017119272449470813
QQQ.US Exposure
0.006653305035969804
VTV.US Exposure
0.011320074218075528
IJR.US Exposure
0.010929105988929535
QUAL.US Exposure
0.007384278372141871
SHV.US Exposure
0.5152600159187067
TLT.US Exposure
-0.00582262730352404
LQD.US Exposure
0.06893772851164204
HYG.US Exposure
-0.009948306023338028
GLD.US Exposure
0.012013559237368035
USO.US Exposure
0.003504304701330991
VNQ.US Exposure
0.005175411479258334
BTC-USD.CC Exposure
0.0019703173968508188
CPER.US Exposure
-0.00475406802584227
VIX.INDX Exposure
-0.0027982375466900937
UUP.US Exposure
0.3902072334828666
TIP.US Exposure
-0.0003248032837380955
Idiosyncratic Exposure
0.016257796250412727
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
10.5%

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
$32
Avg Yield on Cost
0.32%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$32.380.32%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 →
-0.0%
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 →
+0.0%
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 →
3.1% 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 →
0.93
Market sensitivity coefficient

Frequently Asked Questions & Methodology

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

SPDR® Bloomberg Short Term International Treasury Bond ETF (BWZ.US) has an annualized volatility of 10.5% and experienced a maximum drawdown of 23.3% over the last 10 years. Its primary macro risk driver is SHV.US.

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

Over the past 10 years, BWZ.US has generated a Compound Annual Growth Rate (CAGR) of -0.2%. 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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