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Upturn AI SWOT - About
SPDR® Bloomberg International Treasury Bond ETF (BWX)
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Upturn Advisory Summary
10/01/2025: BWX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 2.6% | Avg. Invested days 42 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/01/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.44 | 52 Weeks Range 20.71 - 23.48 | Updated Date 06/30/2025 |
52 Weeks Range 20.71 - 23.48 | Updated Date 06/30/2025 |
Upturn AI SWOT
SPDR® Bloomberg International Treasury Bond ETF
ETF Overview
Overview
The SPDRu00ae Bloomberg International Treasury Bond ETF (BWX) seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Global ex-US Government RIC Capped Index. It offers exposure to a broad range of investment-grade sovereign debt from countries outside the U.S.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable asset manager with a long track record in the ETF industry.
Management Expertise
SSGA has extensive experience managing fixed income ETFs, with a team of professionals specializing in international bond markets.
Investment Objective
Goal
The fund aims to track the performance, before fees and expenses, of the Bloomberg Global ex-US Government RIC Capped Index.
Investment Approach and Strategy
Strategy: The ETF employs a passive management strategy, seeking to replicate the composition and weighting of the Bloomberg Global ex-US Government RIC Capped Index.
Composition The ETF holds a diversified portfolio of investment-grade sovereign bonds issued by governments outside the United States. It excludes U.S. Treasury bonds.
Market Position
Market Share: BWX holds a significant portion of the international treasury bond ETF market.
Total Net Assets (AUM): 1735786647
Competitors
Key Competitors
- Vanguard Total International Bond ETF (BNDX)
- iShares International Treasury Bond ETF (IGOV)
- Invesco International Corporate Bond ETF (PICB)
Competitive Landscape
The international treasury bond ETF market is competitive, with Vanguard's BNDX holding the largest market share. BWX offers a similar but distinct exposure to international sovereign debt compared to BNDX and IGOV; BWX's advantage lies in its liquidity compared to IGOV. BNDX has a lower expense ratio which is a key advantage. PICB focuses on corporate bonds.
Financial Performance
Historical Performance: Historical performance data is not included here, but is important in analyzing the ETFu2019s risk-adjusted returns over different periods. One should consult official fund documentation for specific performance figures.
Benchmark Comparison: The ETF's performance should closely track the Bloomberg Global ex-US Government RIC Capped Index. Deviations may occur due to tracking error, expenses, and other factors.
Expense Ratio: 0.35
Liquidity
Average Trading Volume
The ETF has a moderate average trading volume, providing sufficient liquidity for most investors.
Bid-Ask Spread
The bid-ask spread is generally tight, indicating efficient trading and lower transaction costs.
Market Dynamics
Market Environment Factors
Economic growth in developed and emerging markets, interest rate policies of central banks outside the U.S., and currency fluctuations can significantly impact the ETF's performance.
Growth Trajectory
The ETF's growth is tied to the overall demand for international fixed income exposure and investor sentiment toward global sovereign debt. Changes in index methodology and holdings may also affect its trajectory.
Moat and Competitive Advantages
Competitive Edge
BWX benefits from SSGA's established brand and expertise in fixed income investing. Its established position provides liquidity advantages. However, competition from lower-cost ETFs such as BNDX poses a challenge. The broad diversification across numerous countries offers investors a comprehensive international treasury bond exposure.
Risk Analysis
Volatility
The ETF's volatility is influenced by interest rate sensitivity and currency fluctuations of the underlying bonds.
Market Risk
Market risks include interest rate risk (changes in interest rates affecting bond values), credit risk (risk of default by sovereign issuers), and currency risk (fluctuations in exchange rates).
Investor Profile
Ideal Investor Profile
The ETF is suitable for investors seeking diversification into international fixed income, particularly those looking for exposure to investment-grade sovereign debt outside the U.S.
Market Risk
BWX is best suited for long-term investors seeking to diversify their fixed income portfolio with international government bonds.
Summary
SPDRu00ae Bloomberg International Treasury Bond ETF (BWX) is designed to track the performance of investment-grade sovereign debt from countries outside the U.S. managed by SSGA. It provides diversification benefits but also exposes investors to interest rate and currency risk. With a modest expense ratio and good liquidity, it serves as a helpful tool for those who are looking to diversify internationally. BWX is most appropriate for long-term investors seeking international fixed income exposure.
Peer Comparison
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA)
- Bloomberg
- ETF.com
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions. Market conditions can change rapidly, and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Bloomberg International Treasury Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to track the fixed-rate local currency sovereign debt of investment grade countries outside the United States. It is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.