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SPDR® Bloomberg Short Term International Treasury Bond ETF (BWZ)



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Upturn Advisory Summary
08/14/2025: BWZ (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 1.26% | Avg. Invested days 47 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 0.96 | 52 Weeks Range 24.70 - 29.02 | Updated Date 06/30/2025 |
52 Weeks Range 24.70 - 29.02 | Updated Date 06/30/2025 |
Upturn AI SWOT
SPDR® Bloomberg Short Term International Treasury Bond ETF
ETF Overview
Overview
The SPDRu00ae Bloomberg Short Term International Treasury Bond ETF (ISTB) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Short Term Global ex-USD Government Inflation-Linked Bond Index. It focuses on short-term, investment-grade, international treasury bonds, offering diversification beyond the US bond market. The ETF aims to track the index, primarily investing in securities represented in the index. Asset allocation is predominantly in short-term international treasury bonds.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable ETF provider with a long track record in the market.
Management Expertise
SSGA has a team of experienced professionals managing its ETF products, with expertise in fixed income and international markets.
Investment Objective
Goal
The primary investment goal is to closely match the risk and return characteristics of the Bloomberg Short Term Global ex-USD Government Inflation-Linked Bond Index.
Investment Approach and Strategy
Strategy: The ETF employs a passive management strategy, seeking to replicate the performance of the Bloomberg Short Term Global ex-USD Government Inflation-Linked Bond Index.
Composition The ETF holds a portfolio of short-term, investment-grade, inflation-linked treasury bonds issued by governments outside the United States.
Market Position
Market Share: ISTB's market share is relatively niche as it focuses on short-term international treasury bonds.
Total Net Assets (AUM): 269668174
Competitors
Key Competitors
- iShares International Treasury Bond ETF (IGOV)
- Vanguard Total International Bond ETF (BNDX)
- SPDR Portfolio Developed World ex-US ETF (SPDW)
Competitive Landscape
The competitive landscape includes ETFs focusing on international treasury bonds or broader international fixed income. ISTB's advantage lies in its focus on short-term, inflation-linked international treasuries. A disadvantage is its narrower focus compared to broader international bond ETFs like BNDX, which includes corporate bonds and has greater AUM, and IGOV, which has lower Expense Ratio.
Financial Performance
Historical Performance: Historical performance data is needed to evaluate the ETF's track record.
Benchmark Comparison: Benchmark comparison is needed to evaluate the ETF's track track record.
Expense Ratio: 0.15
Liquidity
Average Trading Volume
The average trading volume indicates reasonable liquidity for ISTB.
Bid-Ask Spread
The bid-ask spread provides insight into trading costs, often being relatively tight for liquid ETFs such as ISTB.
Market Dynamics
Market Environment Factors
Global interest rates, inflation expectations, and currency exchange rates impact the ETF's performance. Geopolitical events and changes in government policies also affect its returns.
Growth Trajectory
The growth trajectory of ISTB depends on the demand for short-term international treasury bonds and the ETF's ability to track its index efficiently. Changes to strategy may include index changes.
Moat and Competitive Advantages
Competitive Edge
ISTB's competitive edge is its specific focus on short-term, inflation-linked international treasury bonds. It offers investors targeted exposure to this niche segment of the global bond market. This focused strategy can appeal to investors seeking diversification and inflation protection. ISTB's short duration reduces interest rate risk compared to longer-term international bond ETFs.
Risk Analysis
Volatility
Historical volatility data is required to assess the ETF's risk profile.
Market Risk
Specific risks include interest rate risk, currency risk (due to investments in non-USD denominated bonds), and inflation risk in the underlying countries.
Investor Profile
Ideal Investor Profile
The ideal investor is one seeking diversification in fixed income with a focus on international exposure, inflation protection, and reduced interest rate risk.
Market Risk
ISTB is suitable for long-term investors seeking diversification and inflation protection within their fixed income portfolio. It can also be used by active traders to express specific views on international interest rates and inflation.
Summary
The SPDRu00ae Bloomberg Short Term International Treasury Bond ETF (ISTB) provides exposure to short-term, inflation-linked international treasury bonds. Managed by State Street, the ETF offers diversification benefits and inflation protection. Its targeted strategy can appeal to investors seeking specific exposure and reduced interest rate risk. ISTB's performance depends on global interest rates, inflation dynamics, and currency movements, making it suitable for long-term investors seeking stable returns and reduced risk.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SPDR official website
- ETF.com
- Bloomberg
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Consult with a qualified financial advisor before making any investment decisions. Market data is subject to change.
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 Short Term International Treasury Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund 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 measure the performance of fixed-rate local currency sovereign debt of investment grade countries outside the United States that have remaining maturities of one to three years. The fund is non-diversified.

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