IBND — State Street SPDR Bloomberg International Corporate Bond ETF
International Bonds Ranked #413 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 $30.76, the fund represents a mid-sized option within a category containing 8 tracked ETFs. It holds an overall rank of #413 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of D with a score of 42.4 out of 100. The fund charges an expense ratio of 0.5% and currently offers a dividend yield of 2.76%. The combination of a lower-tier ranking and moderate asset size suggests limited investor adoption relative to the broader universe of available funds. These metrics collectively position IBND as a specialized vehicle with a cost structure and income profile that investors weigh against its broader market standing.
Recent performance data shows a divergence between short-term fluctuations and longer-term gains, with the fund posting a 1-day return of +0.26% followed by a 1-week decline of -0.19%. Short-term momentum turned negative over the past month with a -0.61% drop, extending to a -2.45% loss over three months and a -3.98% decline over six months. Year-to-date returns stand at -2.60%, while the one-year return is recorded at -2.21%, indicating a period of underperformance in the recent annual cycle. However, the three-year return demonstrates a significant recovery and growth trajectory, reaching +15.35% over that extended horizon. This pattern illustrates a sharp contrast where recent short-term and annual results lag behind the substantial gains accumulated over the full three-year period.
IBND carries a volatility label of Very Low, yet it exhibits a beta of 1.11, suggesting its price moves slightly more than the broader market despite the low volatility classification. The fund's Sharpe ratio is -0.91, indicating that the returns generated have not adequately compensated investors for the risk taken during the measured period. A maximum drawdown of -9.19% highlights the potential for significant temporary losses, which aligns with the negative returns seen in the one-year and six-month windows. This combination of a negative risk-adjusted return and a drawdown exceeding 9% implies that the fund has experienced periods of decline that were not offset by sufficient upside gains. While the volatility label suggests stability, the beta and drawdown figures reveal sensitivity to market movements and a history of notable downside exposure.
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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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: 2.81% (as of 2026-07-27) — 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: 120.71 (as of 2026-07-24) — 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 — and average daily volume is 91K/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 | +0.26% |
| 1-Week | -0.10% |
| 1-Month | -0.96% |
| 3-Month | -2.45% |
| 6-Month | -4.65% |
| YTD | -2.60% |
| 1-Year | -2.15% |
| 3-Year | +15.59% |
How IBND Compares to Other International Bonds ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #237 | C |
VWOB | Vanguard Emerging Markets Government Bond Index Fund | +7.19% | 0.15% | $6.76B |
| #242 | C |
EMB | iShares J.P. Morgan USD Emerging Markets Bond ETF | +8.03% | 0.39% | $14.6B |
| #264 | C |
EMHY | iShares J.P. Morgan EM High Yield Bond ETF | +9.92% | 0.5% | $607M |
| #289 | C |
BNDX | Vanguard Total International Bond Index Fund | +1.86% | 0.07% | $123B |
| #316 | C |
PCY | Invesco Emerging Markets Sovereign Debt ETF | +9.08% | 0.5% | $1.41B |
| #404 | D |
IGOV | iShares International Treasury Bond ETF | -2.86% | 0.35% | $1.37B |
| #409 | D |
BWX | State Street SPDR Bloomberg International Treasury Bond ETF | -4.66% | 0.35% | $1.35B |
| #413 | D |
IBND | State Street SPDR Bloomberg International Corporate Bond ETF | -2.15% | 0.5% | $462M |