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ETFs

SPDR Bloomberg International Corporate Bond ETF

IBND
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 19, 2010
Expense Ratio
0.50%
Type
Global Ex. US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$1,260,915
AUM
$237,339,604
Associated Index
Bloomberg Global Aggregate ex-USD >$1B: Corporate Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
JAPANESE YEN
0.52%
AE54
Morgan Stanley - FXDFR NT REDEEM 02/03/2029 EUR 100000
0.36%
n/a
SEVEN + I HOLDINGS SR UNSECURED 12/25 0.19
0.29%
DS56
Morgan Stanley - FXDFR NT REDEEM 25/01/2034 EUR 100000
0.28%
n/a
JPMorgan Chase & Co. - FXDFR NT REDEEM 23/03/2030 EUR 100000 - Ser 6
0.28%
n/a
NTT FINANCE CORP SR UNSECURED 06/33 0.838
0.28%
n/a
Sanofi 1.375 % Euro Medium Term Notes 2018-21.03.30
0.28%
n/a
NTT FINANCE CORP COMPANY GUAR 09/30 0.38
0.28%
n/a
Intesa Sanpaolo Spa - FXDFR NT REDEEM 08/03/2028 EUR 150000
0.27%
64218
ORANGE 8.125 % Euro Medium-Term Notes 2003-28.1.33
0.27%
Invest with IBND

What is IBND?

The SPDR Bloomberg International Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Global Aggregate ex-USD > $1B: Corporate Bond Index (the "Index"). Seeks to provide a broad exposure to the global investment grade, fixed rate, fixed income corporate markets outside the United States. The securities in the Index must have a $1 billion USD equivalent market capitalization outstanding and at least 1 year remaining. Market cap weighted and reconstituted on the last business day of the month.

ETFs related toIBND

ETFs correlated to IBND include IGOV, BWX, UDN

IBND
SPDR Series Trust - SPDR Bloomberg International Corporate Bond ETF
IGOV
BlackRock Institutional Trust Company N.A. - iShares International Treasury Bond ETF
BWX
SPDR Series Trust - SPDR Bloomberg International Treasury Bond ETF
UDN
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bearish Fund -1x Shares
FXE
Rydex Investments - Invesco CurrencyShares Euro Trust
EBND
SPDR Series Trust - SPDR Bloomberg Emerging Markets Local Bond ETF
WIP
SPDR Series Trust - SPDR Citi International Government Inflation-Protected Bond ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
EMLC
VanEck ETF Trust - VanEck J.P. Morgan EM Local Currency Bond ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
LEMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM Local Currency Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIBND

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DGE

Diversify with Global Exposure

Category

Momentum, Tactical Asset Allocation, Go Global, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with IBND using Composer

FAQ

IBND is a Global Ex. US Bonds ETF. The SPDR Bloomberg International Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Global Aggregate ex-USD > $1B: Corporate Bond Index (the "Index"). Seeks to provide a broad exposure to the global investment grade, fixed rate, fixed income corporate markets outside the United States. The securities in the Index must have a $1 billion USD equivalent market capitalization outstanding and at least 1 year remaining. Market cap weighted and reconstituted on the last business day of the month.

IBND tracks the Bloomberg Global Aggregate ex-USD >$1B: Corporate Bond Index.

No, IBND is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IBND is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IBND is -0.0247%. This is the percent change in the value of IBND over the most recent 1-month period. The 3-month return on IBND is -0.0295%. This is the percent change in the value of IBND over the most recent 3-month period.

The standard deviation of IBND for the past year is 0.1223%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IBND include IGSB, VCIT, and LQD.

ETFs correlated to IBND include IGOV, BWX, and UDN.

ETFs that are inversely correlated to IBND include UUP, EUO, and USDU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.