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SPDR® Bloomberg International Treasury Bond ETF (BWX)



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Upturn Advisory Summary
08/14/2025: BWX (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 3.16% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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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, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Global ex-US Government Inflation-Linked Bond Index. It primarily focuses on international treasury bonds excluding the US, with a focus on developed markets. The asset allocation is largely to sovereign bonds issued by foreign governments. The investment strategy is to track the index by investing in a representative sample of securities.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable issuer with a long track record in the ETF market.
Management Expertise
SSGA has a large and experienced team managing its ETF products, leveraging their global resources and expertise in fixed income investing.
Investment Objective
Goal
The primary investment goal of BWX is to provide investment results that correspond generally to the price and yield performance of the Bloomberg Global ex-US Government Inflation-Linked Bond Index.
Investment Approach and Strategy
Strategy: BWX aims to track the Bloomberg Global ex-US Government Inflation-Linked Bond Index.
Composition The ETF holds primarily sovereign bonds issued by foreign governments excluding the United States.
Market Position
Market Share: Data unavailable to provide an accurate market share.
Total Net Assets (AUM): 174000000
Competitors
Key Competitors
- iShares International Treasury Bond ETF (IGOV)
- Vanguard Total International Bond ETF (BNDX)
Competitive Landscape
The international treasury bond ETF market is competitive, with several large players. BWX offers exposure to international government bonds, excluding the US, focusing on developed markets. IGOV focuses solely on government bonds, while BNDX includes a broader range of international bonds, including corporate bonds. BWX's advantage lies in its specific index tracking and developed market focus, but this also limits its scope compared to BNDX. Data needed to accurately compare market share.
Financial Performance
Historical Performance: Historical performance data unavailable.
Benchmark Comparison: Benchmark comparison data unavailable.
Expense Ratio: 0.35
Liquidity
Average Trading Volume
Average trading volume varies and historical data is unavailable.
Bid-Ask Spread
Bid-ask spread also varies depending on market conditions; unavailable data at the moment.
Market Dynamics
Market Environment Factors
BWX is affected by global interest rates, currency fluctuations, and the creditworthiness of foreign governments.
Growth Trajectory
Growth trends depend on global economic conditions and investor demand for international fixed income assets; data not available for trajectory.
Moat and Competitive Advantages
Competitive Edge
BWX's competitive advantage lies in its targeted exposure to international treasury bonds, excluding the US. The ETF tracks the Bloomberg Global ex-US Government Inflation-Linked Bond Index, providing a specific benchmark for investors seeking this type of exposure. While this focused approach could attract investors wanting developed market treasuries, this limits its broader appeal as it excludes other fixed income like corporate bonds. The ETF is managed by SSGA which has a reputation for passive management.
Risk Analysis
Volatility
Volatility is inherent in fixed income investments and is influenced by interest rate movements; historical data unavailable.
Market Risk
Market risks include interest rate risk, currency risk, and sovereign credit risk associated with the underlying bonds.
Investor Profile
Ideal Investor Profile
BWX is suitable for investors seeking diversification in international treasury bonds and exposure to developed market economies. It is suited for investors looking for inflation-linked bonds.
Market Risk
BWX is best for long-term investors seeking diversification and potential inflation protection.
Summary
The SPDRu00ae Bloomberg International Treasury Bond ETF (BWX) offers targeted exposure to international treasury bonds, excluding the U.S, focusing on developed markets. Its investment objective is to mirror the Bloomberg Global ex-US Government Inflation-Linked Bond Index. Investors should consider the risks associated with international investing, including currency risk and sovereign risk, while assessing its use as part of a broader fixed-income portfolio. Data needed to have a final summary.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SSGA Website
- Bloomberg
- ETF.com
Disclaimers:
The data provided is for informational purposes only and does not constitute investment advice. Market share data not available. 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.

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