ISHGvsBWZETF Comparison
ETF 1
ISHG
iShares 1-3 Year International Treasury Bond ETF
This fund is part of
Intl Government Bonds
-0.24%
VS
ETF 2
BWZ
State Street SPDR Bloomberg Short Term International Treasury Bond ETF
This fund is part of
Intl Government Bonds
-0.24%
iShares 1-3 Year International Treasury Bond ETF (ISHG) and State Street SPDR Bloomberg Short Term International Treasury Bond ETF (BWZ) belong to the same industry segment: Intl Government Bonds. ISHG's top 2 sector exposures are Sovereign and Non-Corporate. In contrast, BWZ's top sector exposures are Sovereign. Both ISHG and BWZ have the same Total Expense Ratio (TER) of 0.35%. ISHG is up 0.68% year-to-date (YTD) with +$212M in YTD flows. BWZ performs better with 1.27% YTD performance, and -$18M in YTD flows. Run a side-by-side ETF comparison of ISHG and BWZ 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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ISHG vs BWZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ISHG BWZ | +0.48%+1.20% | +0.88%+2.29% | +0.68%+1.27% | +0.67%+0.51% | +15.03%+11.40% | -2.36%-5.61% |
| Flows | ISHG BWZ | +$46M+$38M | -$29M+$17M | +$212M-$18M | +$224M-$39M | +$786M+$136M | +$813M+$146M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ISHG BWZ | +4.91%+4.97% | +5.61%+5.50% | +6.56%+6.15% | +7.27%+6.68% |
| Max drawdown | ISHG BWZ | -2.00%-1.91% | -4.84%-4.23% | -8.16%-8.32% | -21.92%-21.55% |
| Max drawdown duration | ISHG BWZ | 49d46d | 227d211d | 192d194d | 1822d1822d |
Trading data
ISHG | BWZ | |
Last sale 9/11/2026 at 1:30 PM | $75.76 | $27.39 |
| Previous close 09/10/2026 | $75.72 | $27.36 |
| Consolidated volume 09/10/2026 | ||
| 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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ISHG | BWZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
ISHG | BWZ | |
|---|---|---|
| Last price | $75.76 | $27.39 |
| 1D performance | +0.05% | +0.11% |
| AuM | $874.56 M | $328.46 M |
| E/R | 0.35% | 0.35% |
Characteristics
ISHG | BWZ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | FTSE World Government Bond Index-Dev Markets 1-3 Years Capped Select Index | Bloomberg 1-3 Year Global Treasury ex-US Capped Index |
| N° of holdings | 174 | 253 |
| Asset class | Fixed Income | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 21, 2009 | January 15, 2009 |
| ESG | No | No |
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Exposure
Countries
ISHG
France
10.18%
Germany
8.61%
Japan
8.38%
Italy
8.24%
Other
64.59%
BWZ
Japan
22.92%
Other
77.08%
Sectors
ISHG
Sovereign
99.69%
Other
0.31%
BWZ
Sovereign
98.72%
Other
1.28%
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Diversification
ISHG
Total weight of top 15 holdings out of 15
21.15%
BWZ
Total weight of top 15 holdings out of 15
16.7%
Top 15 holdings
Data as of July 31, 2026
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%
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%
Frequently asked questions about ISHG and BWZ
How have the ISHG and BWZ ETFs performed in 2026?
As of September 11, 2026, ISHG is up 0.68% year-to-date (YTD), while BWZ has returned 1.27%. That puts BWZ better performer ahead so far this year.
Which ETF is attracting more investor money: ISHG or BWZ?
Year-to-date, the ISHG ETF saw +$212M in flows, compared to -$18M for BWZ.
Which ETF is more volatile: ISHG or BWZ?
Over the past year, ISHG had a volatility of 5.61%, while BWZ experienced 5.5%.
Which ETF is bigger: ISHG or BWZ?
As of September 11, 2026, ISHG holds $874.56 M in assets under management (AUM), while BWZ manages $328.46 M.
What sectors do the ISHG and BWZ ETFs invest in?
ISHG leans toward sectors like Sovereign. Meanwhile, BWZ focuses on Sovereign.
What are the top holdings of the ISHG ETF and BWZ ETF?
ISHG top holdings include Portugal, OT 2.125% 17oct2028, EUR, Portugal, OT 1.95% 15jun2029, EUR and France, OAT 2.75% 25feb2029, EUR. BWZ holds in its top three: Belgium, OLO 5.5% 28mar2028, EUR (31), Japan, JGB 0.1% 20mar2028, JPY and Australia, TB 3.25% 21apr2029, AUD (TB138).
Which ETF is more diversified: ISHG or BWZ?
ISHG holds 178 securities with 21.15% of its assets in the top 15. BWZ has 258 securities and a top 15 weight of 16.7%.
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