BWZvsISHGETF 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
ETF 2
ISHG
iShares 1-3 Year International Treasury Bond ETF
This fund is part of
Intl Government Bonds
-0.02%
State Street SPDR Bloomberg Short Term International Treasury Bond ETF (BWZ) and iShares 1-3 Year International Treasury Bond ETF (ISHG) belong to the same industry segment: Intl Government Bonds. BWZ's top 1 sector exposures are Sovereign. In contrast, ISHG's top sector exposures are Sovereign and Non-Corporate. Both BWZ and ISHG have the same Total Expense Ratio (TER) of 0.35%. BWZ is up 0.49% year-to-date (YTD) with -$18M in YTD flows. ISHG performs worse with 0.07% YTD performance, and +$212M in YTD flows. Run a side-by-side ETF comparison of BWZ and ISHG 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 ISHG 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 ISHG | +0.12%-0.45% | +0.63%-0.00% | +0.49%+0.07% | -1.01%-0.09% | +11.07%+15.24% | -6.12%-3.10% |
| Flows | BWZ ISHG | +$38M+$46M | +$17M-$29M | -$18M+$212M | -$39M+$209M | +$152M+$786M | +$146M+$813M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BWZ ISHG | +5.01%+5.00% | +5.51%+5.63% | +6.17%+6.56% | +6.68%+7.28% |
| Max drawdown | BWZ ISHG | -1.86%-2.00% | -4.23%-4.84% | -8.32%-8.16% | -21.23%-21.92% |
| Max drawdown duration | BWZ ISHG | 45d49d | 216d231d | 194d192d | 1826d1826d |
Trading data
BWZ | ISHG | |
Last sale 9/17/2026 at 4:18 PM | $27.12 | $75.08 |
| Previous close 09/16/2026 | $27.04 | $74.91 |
| 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 | ISHG | |
|---|---|---|
| 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 | ISHG | |
|---|---|---|
| Last price | $27.12 | $75.08 |
| 1D performance | +0.30% | +0.23% |
| AuM | $325.94 M | $869.28 M |
| E/R | 0.35% | 0.35% |
Characteristics
BWZ | ISHG | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | iShares |
| Benchmark | Bloomberg 1-3 Year Global Treasury ex-US Capped Index | FTSE World Government Bond Index-Dev Markets 1-3 Years Capped Select Index |
| N° of holdings | 253 | 174 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 15, 2009 | January 21, 2009 |
| ESG | No | No |
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Exposure
Countries
BWZ
Japan
22.92%
Other
77.08%
ISHG
France
10.18%
Germany
8.61%
Japan
8.38%
Italy
8.24%
Other
64.59%
Sectors
BWZ
Sovereign
98.72%
Other
1.28%
ISHG
Sovereign
99.69%
Other
0.31%
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Diversification
BWZ
Total weight of top 15 holdings out of 15
16.7%
ISHG
Total weight of top 15 holdings out of 15
21.15%
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%
ISHG
Portugal, OT 2.125% 17oct2028, EUR
1.96%
Portugal, OT 1.95% 15jun2029, EUR
1.71%
France, OAT 2.75% 25feb2029, EUR
1.46%
Ireland, IRGB 1.1% 15may2029, EUR
1.46%
Netherlands, DSL 0.75% 15jul2027, EUR
1.39%
France, OAT 0.75% 25nov2028, EUR
1.39%
France, OAT 2.75% 25oct2027, EUR
1.35%
Netherlands, DSL 0.75% 15jul2028, EUR
1.34%
Belgium, OLO 0.9% 22jun2029, EUR (OLO87)
1.33%
Australia, TB 3.25% 21apr2029, AUD (TB138)
1.32%
Austria, AGB 0.5% 20feb2029, EUR
1.32%
Sweden, SGB 0.75% 12may2028, SEK
1.30%
Belgium, OLO 0.8% 22jun2028, EUR
1.29%
France, OAT 0.75% 25may2028, EUR
1.27%
Israel, ILGOV 2.25% 28sep2028, ILS
1.25%
Frequently asked questions about BWZ and ISHG
How have the BWZ and ISHG ETFs performed in 2026?
As of September 16, 2026, BWZ is up 0.49% year-to-date (YTD), while ISHG has returned 0.07%. That puts BWZ better performer ahead so far this year.
Which ETF is attracting more investor money: BWZ or ISHG?
Year-to-date, the BWZ ETF saw -$18M in flows, compared to +$212M for ISHG.
Which ETF is more volatile: BWZ or ISHG?
Over the past year, BWZ had a volatility of 5.51%, while ISHG experienced 5.63%.
Which ETF is bigger: BWZ or ISHG?
As of September 16, 2026, BWZ holds $325.94 M in assets under management (AUM), while ISHG manages $869.28 M.
What sectors do the BWZ and ISHG ETFs invest in?
BWZ leans toward sectors like Sovereign. Meanwhile, ISHG focuses on Sovereign.
What are the top holdings of the BWZ ETF and ISHG 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). ISHG holds in its top three: Portugal, OT 2.125% 17oct2028, EUR, Portugal, OT 1.95% 15jun2029, EUR and France, OAT 2.75% 25feb2029, EUR.
Which ETF is more diversified: BWZ or ISHG?
BWZ holds 258 securities with 16.7% of its assets in the top 15. ISHG has 178 securities and a top 15 weight of 21.15%.
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