BWZvsBNDWETF Comparison
ETF 1
BWZ
State Street SPDR Bloomberg Short Term International Treasury Bond ETF
This fund is part of
Intl Government Bonds
-0.02%
VS
State Street SPDR Bloomberg Short Term International Treasury Bond ETF (BWZ) belongs to the Intl Government Bonds segment. Vanguard Total World Bond ETF (BNDW) is part of the Intl IG Bonds segment. BWZ's top 1 sector exposures are Sovereign. In contrast, BNDW's top sector exposures are Sovereign, Finance and Industrials. BWZ is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.05% for BNDW. BWZ is up 0.49% year-to-date (YTD) with -$18M in YTD flows. BNDW performs worse with -1.19% YTD performance, and +$400M in YTD flows. Run a side-by-side ETF comparison of BWZ and BNDW below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BWZ vs BNDW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BWZ BNDW | +0.12%-1.14% | +0.63%-2.12% | +0.49%-1.19% | -1.01%-0.83% | +11.07%+11.41% | -6.12%-2.38% |
| Flows | BWZ BNDW | +$38M+$52M | +$17M+$73M | -$18M+$400M | -$39M+$581M | +$152M+$1.29B | +$146M+$1.48B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BWZ BNDW | +5.01%+3.56% | +5.51%+3.48% | +6.17%+4.31% | +6.68%+5.30% |
| Max drawdown | BWZ BNDW | -1.86%-2.57% | -4.23%-3.13% | -8.32%-3.13% | -21.23%-16.55% |
| Max drawdown duration | BWZ BNDW | 45d79d | 216d199d | 194d199d | 1826d1611d |
Trading data
BWZ | BNDW | |
Last sale 9/17/2026 at 4:18 PM | $27.12 | $66.64 |
| Previous close 09/16/2026 | $27.04 | $66.40 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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BWZ | BNDW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 4:18 PM
Live
Closed
BWZ | BNDW | |
|---|---|---|
| Last price | $27.12 | $66.64 |
| 1D performance | +0.30% | +0.35% |
| AuM | $325.94 M | $1.91 B |
| E/R | 0.35% | 0.05% |
Characteristics
BWZ | BNDW | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Vanguard |
| Benchmark | Bloomberg 1-3 Year Global Treasury ex-US Capped Index | Bloomberg Global Aggregate Float Adjusted Composite Index |
| N° of holdings | 253 | 16315 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 15, 2009 | September 4, 2018 |
| ESG | No | No |
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Exposure
Countries
BWZ
Japan
22.92%
Other
77.08%
BNDW
USA
41.25%
Other
58.75%
Sectors
BWZ
Sovereign
98.72%
Other
1.28%
BNDW
Sovereign
56.7%
Finance
15.08%
Other
28.23%
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Diversification
BWZ
Total weight of top 15 holdings out of 15
16.7%
BNDW
Total weight of top 15 holdings out of 15
3.27%
Top 15 holdings
Data as of July 31, 2026
BWZ
Belgium, OLO 5.5% 28mar2028, EUR (31)
1.88%
Japan, JGB 0.1% 20mar2028, JPY
1.28%
Australia, TB 3.25% 21apr2029, AUD (TB138)
1.27%
Netherlands, DSL 5.5% 15jan2028, EUR
1.21%
Australia, TB 2.75% 21nov2028, AUD (TB152)
1.21%
United Kingdom, Gilt 4.375% 7mar2028, GBP
1.01%
Australia, TB 2.25% 21may2028, AUD (TB149)
1.01%
Japan, JGB 0.1% 20jun2028, JPY
1.00%
Mexico, Bonos 8.5% 1mar2029, MXN
0.99%
Japan, JGB 0.1% 20sep2027, JPY
0.98%
Japan, JGB 0.1% 20dec2027, JPY
0.98%
Japan, JGB 0.1% 20sep2027, JPY
0.98%
Australia, TB 2.75% 21nov2027, AUD (TB148)
0.97%
Japan, JGB 0.1% 20sep2028, JPY
0.97%
Japan, JGB 0.1% 20dec2028, JPY
0.96%
BNDW
DE000F3A9EV9
0.43%
USA, Notes 3.5% 31jan2028, USD (U-2028)
0.24%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.21%
USA, Notes 3.375% 30nov2027, USD (BL-2027)
0.21%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.21%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.21%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.21%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.20%
USA, Notes 4% 15feb2034, USD (B-2034)
0.20%
United Kingdom, Gilt 4.125% 7mar2031, GBP
0.20%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.20%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.20%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.19%
France, OAT 2.7% 25feb2031, EUR
0.18%
USA, Notes 4.25% 15may2035, USD (C-2035)
0.18%
Frequently asked questions about BWZ and BNDW
How have the BWZ and BNDW ETFs performed in 2026?
As of September 16, 2026, BWZ is up 0.49% year-to-date (YTD), while BNDW has lost -1.19%. That puts BWZ better performer ahead so far this year.
Which ETF is attracting more investor money: BWZ or BNDW?
Year-to-date, the BWZ ETF saw -$18M in flows, compared to +$400M for BNDW.
Which ETF is more volatile: BWZ or BNDW?
Over the past year, BWZ had a volatility of 5.51%, while BNDW experienced 3.48%.
Which ETF is bigger: BWZ or BNDW?
As of September 16, 2026, BWZ holds $325.94 M in assets under management (AUM), while BNDW manages $1.91 B.
What sectors do the BWZ and BNDW ETFs invest in?
BWZ leans toward sectors like Sovereign. Meanwhile, BNDW focuses on Sovereign and Finance.
What are the top holdings of the BWZ ETF and BNDW ETF?
BWZ top holdings include Belgium, OLO 5.5% 28mar2028, EUR (31), Japan, JGB 0.1% 20mar2028, JPY and Australia, TB 3.25% 21apr2029, AUD (TB138). BNDW holds in its top three: DE000F3A9EV9, USA, Notes 3.5% 31jan2028, USD (U-2028) and USA, Notes 4.25% 15nov2034, USD (F-2034).
Which ETF is more diversified: BWZ or BNDW?
BWZ holds 258 securities with 16.7% of its assets in the top 15. BNDW has 22207 securities and a top 15 weight of 3.27%.
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