SPDR SSGA Fixed Income Sector Rotation ETF (FISR) Performance
FISR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.2% since Dec 31, 2025
- 1 year
- −1.5% total return
- 5 years
- −1.1% a year
- Since first price
- +0.6% a year since 2019
FISR trailing returns vs AGG, TLT, SPY
| Period | FISR total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.8% | +0.4% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.5% | −1.5% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.6% | −3.7% | −1.5% | −3.8% | +7.8% |
| YTD | −1.2% | −4.2% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.5% | −5.6% | −1.1% | −6.9% | +14.4% |
| 3 years | +15.1%+4.8%/yr | +2.3% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −5.3%−1.1%/yr | −19.9% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionApr 3, 2019 | +4.6%+0.6%/yr | −17.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FISR vs AGG
From Apr 3, 2019: FISR grew to $10,460, AGG to $11,053.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FISR returns by calendar year
4 of 6 full years positive. Best 2025 (+6.3%), worst 2022 (−15.7%). 2026 is year to date.
FISR annual returns table
| Year | FISR | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −1.2% | −5.0% | −1.0% | −3.4% | +12.3% |
| 2025 | +6.3% | −3.3% | +7.2% | +4.3% | +17.7% |
| 2024 | +1.0% | −4.3% | +1.3% | −8.1% | +24.9% |
| 2023 | +5.3% | −8.0% | +5.7% | +2.8% | +26.2% |
| 2022 | −15.7% | −18.1% | −13.0% | −31.2% | −18.2% |
| 2021 | −1.7% | −4.4% | −1.8% | −4.6% | +28.7% |
| 2020 | +5.9% | −7.7% | +7.5% | +18.2% | +18.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FISR largest drawdowns
Now 7.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 30, 2020 | −20.3% | Oct 20, 2022 | not yet | 1.8 years | 5.8 years so far |
| Mar 6, 2020 | −7.7% | Mar 19, 2020 | May 22, 2020 | 13 days | 3 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
FISR risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +3.5% | −1.5% | +0.2% |
| Volatility (annualized) | 5.8% | 6.9% | 6.1% |
| Sharpe ratio | -0.13 | -0.72 | -0.36 |
| Sortino ratio | -0.18 | -0.88 | -0.47 |
| Best month | +4.3% | +4.3% | +4.3% |
| Worst month | −2.9% | −4.5% | −4.5% |
| Best 12 months | +11.4% | +11.4% | +11.4% |
| Worst 12 months | −2.3% | −18.0% | −18.0% |
| Positive months | 64% | 52% | 55% |
| Beta vs S&P 500 | 0.22 | 0.27 | — |
| Correlation with S&P 500 | 0.47 | 0.61 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FISR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 79 | −18.0% | +1.2% | +11.4% | 61% |
| 3-year (a year) | 55 | −6.4% | −3.0% | +5.0% | 35% |
| 5-year (a year) | 31 | −1.8% | −1.2% | −0.3% | 0% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
FISR performance overview
SPDR SSGA Fixed Income Sector Rotation ETF (FISR) returned −1.5% over the past year and −1.1% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +0.6% a year, turning $10,000 into about $10,460. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −20.3%, from Dec 30, 2020 to Oct 20, 2022; the fund has not yet regained that high. FISR finished 4 of its 6 full calendar years with a gain; the best year was 2025 (+6.3%) and the worst 2022 (−15.7%). Volatility has been 6.1% a year.
Related: FISR chart, FISR dividends, FISR bond profile. See the FISR overview for the latest quote and fund facts.
FISR performance FAQ
What is the FISR return over the past year?
FISR returned −1.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.6%.
What is the average annual return of FISR?
FISR has returned −1.1% a year over 5 years, +0.6% a year since April 3, 2019 (total return, distributions reinvested).
How much would $10,000 invested in FISR be worth?
$10,000 invested in FISR at its first recorded close on April 3, 2019 would be worth about $10,460 on October 23, 2026 with distributions reinvested.
What was the worst year for FISR?
The worst calendar year was 2022, with a total return of −15.7%. The best was 2025 at +6.3%.
What is the biggest drawdown of FISR?
The largest peak-to-trough decline was −20.3% between December 30, 2020 and October 20, 2022. It has not yet recovered to that high; it is 7.5% below its peak.
How volatile is FISR?
Over the past 3 years FISR had an annualized volatility of 5.8% and a Sharpe ratio of -0.13 (excess return over 1–3 month T-bills per unit of risk).