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BWX
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SPDR® Bloomberg International Treasury Bond ETF (BWX)

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$22.94
Last Close (24-hour delay)
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PASS
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Upturn Advisory Summary

08/14/2025: BWX (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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 3.16%
Avg. Invested days 46
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
ETF Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

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

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SPDR® Bloomberg International Treasury Bond ETF

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ETF Overview

overview logo 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.

reliability logo Reputation and Reliability

State Street Global Advisors (SSGA) is a well-established and reputable issuer with a long track record in the ETF market.

reliability logo 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

overview logo 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

overview logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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.