IBND — State Street SPDR Bloomberg International Corporate Bond ETF
International Bonds Ranked #412 of 458 tracked ETFs · Issued by State Street Investment Management
IBND Price Performance — Growth of $10,000
Value of a $10,000 investment in IBND over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
IBND Drawdown
The "underwater" chart: IBND's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in IBND?
See what a lump sum in IBND would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The State Street SPDR Bloomberg International Corporate Bond ETF (IBND) is an International Bonds fund managed by State Street Investment Management. With assets under management totaling $462 million and a share price of $30.57, the fund reflects a moderate level of investor adoption relative to the broader market. It carries an expense ratio of 0.5% and offers a dividend yield of 2.76%. In the broader landscape of 458 tracked ETFs, IBND holds an overall rank of #412, receiving an ETFValuer grade of D with a score of 42.4 out of 100. Within its specific category of International Bonds, the fund is one of 8 ETFs monitored by ETFValuer. The combination of its mid-tier ranking and specific cost structure positions it as a specialized vehicle within a small group of peers. Its current market capitalization suggests it is a established but not dominant player in the international corporate bond space.
Recent performance data shows a pattern of negative returns across short-term horizons, with the fund down -0.71% over one day, -1.13% over one week, and -1.22% over one month. This downward trend continued into the quarter and half-year, recording losses of -2.83% over three months and -3.44% over six months. Year-to-date performance stands at -3.20%, while the one-year return is -3.50%. Despite these recent declines, the fund has posted a positive return of +14.25% over the three-year period. The divergence between the negative short-term results and the positive three-year figure indicates a significant shift in performance trajectory over the last year. The data suggests a period of recent underperformance that contrasts with the longer-term gains recorded prior to the current downturn.
IBND is classified with a Very Low volatility label, yet it exhibits a beta of 1.11, indicating it moves slightly more than the broader market. The fund's Sharpe ratio is -1.07, reflecting a negative risk-adjusted return profile over the measured period. A maximum drawdown of -9.19% highlights the potential for significant capital loss during market stress. This combination of very low volatility classification with a beta above 1.0 and a negative Sharpe ratio suggests complex behavior where the fund may not be providing the expected stability relative to its market correlation. The substantial drawdown figure further underscores the downside risk despite the volatility label. Investors analyzing these metrics must consider how the fund's risk metrics interact to define its behavior in both rising and falling market conditions.
AI-generated summary based on the data on this page.
IBND Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | State Street Global Advisors | 0.50% | $2M |
| 2 | ANHEUSER-BUSCH INBEV SA/ | 0.32% | $1M |
| 3 | JPMorgan Chase & Co. | 0.27% | $1M |
| 4 | UBS GROUP AG | 0.25% | $1M |
| 5 | NTT FINANCE CORP | 0.25% | $1M |
| 6 | JPMORGAN CHASE & CO | 0.25% | $1M |
| 7 | ANHEUSER-BUSCH INBEV SA/ | 0.24% | $1M |
| 8 | BANK OF AMERICA CORP | 0.23% | $1M |
| 9 | MORGAN STANLEY | 0.23% | $1M |
| 10 | BANCO SANTANDER SA | 0.22% | $1M |
Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 2.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how IBND's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With IBND
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with IBND's top 10 — IGIB overlaps most, holding 3 of the same companies as IBND's top 10 (1.3% of IBND's assets).
| ETF | Name | Shared Companies | IBND Weight | Examples |
|---|---|---|---|---|
| IGIB | iShares 5-10 Year Investment Grade Corporate Bond ETF | 3 | 1.3% | BANK OF AMERICA CORP, ANHEUSER-BUSCH INBEV SA/, JPMorgan Chase & Co. |
| XLF | State Street Financial Select Sector SPDR ETF | 3 | 1.0% | JPMorgan Chase & Co., BANK OF AMERICA CORP, MORGAN STANLEY |
| VFH | Vanguard Financials Index Fund ETF Shares | 3 | 1.0% | JPMorgan Chase & Co., BANK OF AMERICA CORP, MORGAN STANLEY |
| KBWB | Invesco KBW Bank ETF | 3 | 1.0% | JPMorgan Chase & Co., MORGAN STANLEY, BANK OF AMERICA CORP |
| FNCL | Fidelity MSCI Financials Index ETF | 3 | 1.0% | JPMorgan Chase & Co., BANK OF AMERICA CORP, MORGAN STANLEY |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
High-Yield Credit Spread: 2.77% (as of 2026-07-23) — The extra yield investors demand to hold high-yield corporate bonds over Treasuries — a real-time gauge of credit risk appetite relevant to this fund’s holdings.
Trade-Weighted US Dollar Index: 120.53 (as of 2026-07-17) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.
What IBND's Fees Cost You
IBND charges an expense ratio of 0.50% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
IBND Dividend Income Estimator
IBND currently yields 2.76%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
IBND Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 6.99% and average daily volume is 90K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $462M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: IBND is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
IBND Performance History
| Period | Return |
|---|---|
| 1-Day | -0.71% |
| 1-Week | -1.13% |
| 1-Month | -1.22% |
| 3-Month | -2.83% |
| 6-Month | -3.44% |
| YTD | -3.20% |
| 1-Year | -3.50% |
| 3-Year | +14.25% |
How IBND Compares to Other International Bonds ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #226 | C |
EMB | iShares J.P. Morgan USD Emerging Markets Bond ETF | +7.66% | 0.39% | $14.6B |
| #227 | C |
VWOB | Vanguard Emerging Markets Government Bond Index Fund | +6.87% | 0.15% | $6.76B |
| #245 | C |
EMHY | iShares J.P. Morgan EM High Yield Bond ETF | +10.04% | 0.5% | $607M |
| #281 | C |
BNDX | Vanguard Total International Bond Index Fund | +0.98% | 0.07% | $123B |
| #307 | C |
PCY | Invesco Emerging Markets Sovereign Debt ETF | +8.83% | 0.5% | $1.41B |
| #404 | D |
IGOV | iShares International Treasury Bond ETF | -4.33% | 0.35% | $1.37B |
| #407 | D |
BWX | State Street SPDR Bloomberg International Treasury Bond ETF | -5.81% | 0.35% | $1.35B |
| #412 | D |
IBND | State Street SPDR Bloomberg International Corporate Bond ETF | -3.50% | 0.5% | $462M |