IBND — State Street SPDR Bloomberg International Corporate Bond ETF

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.

Overview

The State Street SPDR Bloomberg International Corporate Bond ETF (IBND) is an international bonds fund issued by State Street Investment Management with $461 million in assets. It holds the lowest position in its category, ranking 8 of 8, and carries an overall grade of D with a score of 44.7 out of 100. The fund’s 0.5% expense ratio exceeds the category median of 0.37%, while its 2.79% dividend yield trails the peer average of 4.86%. Top holdings represent only 3.0% of assets, with the largest single position being State Street Global Advisors at 0.6%.

Short-term returns are negative, with the fund down 0.22% over one day and 1.90% over the past year, contrasting with a positive 20.17% gain over three years. The current price of $30.91 sits at the lower end of its 52-week range, specifically at 13.6% of the span between $30.55 and $33.20. The fund has maintained its D grade consistently across the last 35 tracked days. Historical data is available for only 3.0 years, limiting the depth of long-term analysis.

The ETF exhibits a beta of 1.10 and an annualized volatility of 7.43%, which is labeled as Very Low. A Sharpe ratio of -0.93 indicates poor risk-adjusted performance relative to the risk taken. The maximum drawdown recorded is -9.19%, reflecting significant recent price declines. Liquidity is constrained, evidenced by an average daily volume of 66,933 shares and a wide bid/ask spread of 11.22%.

AI-generated summary based on the data on this page.

IBND Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 3.0% 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 (1.1% of IBND's assets).

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: 4.80% (as of 2026-09-08) — 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): 15.72 (as of 2026-09-08) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.67% (as of 2026-09-08) — 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: 118.07 (as of 2026-09-04) — 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.

IBND Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 11.22% and average daily volume is 67K/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 $461M 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

How IBND Compares to Other International Bonds ETFs