SPDR Bloomberg International Corporate Bond ETF (IBND) Performance
IBND total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −5.9% since Dec 31, 2025
- 1 year
- −5.2% total return
- 5 years
- −1.6% a year
- 10 years
- +0.4% a year
- Since first price
- +1.1% a year since 2010
IBND trailing returns vs AGG, TLT, SPY
| Period | IBND total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −1.3% | −1.6% | +0.9% | +1.5% | −1.0% |
| 3 months | −2.5% | −3.2% | −0.4% | −1.0% | +3.2% |
| 6 months | −5.1% | −6.4% | −1.5% | −3.8% | +7.8% |
| YTD | −5.9% | −7.9% | −1.0% | −3.4% | +12.3% |
| 1 year | −5.2% | −7.8% | −1.1% | −6.9% | +14.4% |
| 3 years | +17.0%+5.4%/yr | +8.2% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −7.6%−1.6%/yr | −16.3% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +4.4%+0.4%/yr | −7.9% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +4.8%+0.3%/yr | −12.1% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionMay 20, 2010 | +19.4%+1.1%/yr | −3.5% | — | — | — |
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: IBND vs AGG
From May 20, 2010: IBND grew to $11,940, AGG to $14,409.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IBND returns by calendar year
8 of 15 full years positive. Best 2025 (+16.2%), worst 2022 (−19.4%). 2026 is year to date.
IBND annual returns table
| Year | IBND | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −5.9% | −8.8% | −1.0% | −3.4% | +12.3% |
| 2025 | +16.2% | −3.6% | +7.2% | +4.3% | +17.7% |
| 2024 | −2.8% | −7.1% | +1.3% | −8.1% | +24.9% |
| 2023 | +10.4% | −8.2% | +5.7% | +2.8% | +26.2% |
| 2022 | −19.4% | −29.4% | −13.0% | −31.2% | −18.2% |
| 2021 | −8.4% | −10.2% | −1.8% | −4.6% | +28.7% |
| 2020 | +11.5% | −16.0% | +7.5% | +18.2% | +18.3% |
| 2019 | +4.4% | −2.9% | +8.5% | +14.1% | +31.2% |
| 2018 | −6.1% | −11.6% | +0.1% | −1.6% | −4.6% |
| 2017 | +14.8% | −3.4% | +3.6% | +9.2% | +21.7% |
| 2016 | +0.3% | −11.0% | +2.4% | +1.2% | +12.0% |
| 2015 | −10.4% | −11.4% | +0.5% | −1.8% | +1.2% |
| 2014 | −4.7% | −9.3% | +6.0% | +27.3% | +13.5% |
| 2013 | +4.9% | −6.0% | −2.0% | −13.4% | +32.3% |
| 2012 | +13.7% | −7.0% | +3.8% | +2.6% | +16.0% |
| 2011 | −0.1% | −10.6% | +7.7% | +34.0% | +1.9% |
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.
IBND largest drawdowns
Now 13.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 5, 2021 | −35.6% | Sep 27, 2022 | not yet | 1.7 years | 5.8 years so far |
| May 6, 2014 | −21.7% | Mar 19, 2020 | Nov 25, 2020 | 5.9 years | 6.6 years |
| May 2, 2011 | −11.0% | Jan 6, 2012 | Oct 4, 2012 | 8 months | 1.4 years |
| Oct 14, 2010 | −8.6% | Dec 22, 2010 | Apr 8, 2011 | 2 months | 6 months |
| Feb 1, 2013 | −6.0% | Jul 9, 2013 | Sep 18, 2013 | 5 months | 8 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
IBND risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | +6.0% | −1.4% | +0.1% | +1.3% |
| Volatility (annualized) | 8.7% | 11.2% | 9.8% | 9.7% |
| Sharpe ratio | 0.21 | -0.40 | -0.17 | 0.04 |
| Sortino ratio | 0.32 | -0.51 | -0.23 | 0.05 |
| Best month | +6.0% | +9.0% | +9.0% | +9.0% |
| Worst month | −4.5% | −7.7% | −7.7% | −7.7% |
| Best 12 months | +17.5% | +17.5% | +17.5% | +19.2% |
| Worst 12 months | −4.9% | −28.7% | −28.7% | −28.7% |
| Positive months | 64% | 57% | 55% | 55% |
| Beta vs S&P 500 | 0.27 | 0.44 | 0.38 | — |
| Correlation with S&P 500 | 0.38 | 0.62 | 0.59 | — |
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.
IBND rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 186 | −28.7% | +2.7% | +19.2% | 63% |
| 3-year (a year) | 162 | −9.0% | +1.0% | +11.2% | 59% |
| 5-year (a year) | 138 | −5.7% | −0.2% | +4.7% | 43% |
| 10-year (a year) | 78 | −2.4% | +0.5% | +2.5% | 56% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
IBND performance overview
SPDR Bloomberg International Corporate Bond ETF (IBND) returned −5.2% over the past year and +0.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned +1.1% a year, turning $10,000 into about $11,940. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −35.6%, from Jan 5, 2021 to Sep 27, 2022; the fund has not yet regained that high. IBND finished 8 of its 15 full calendar years with a gain; the best year was 2025 (+16.2%) and the worst 2022 (−19.4%). Volatility has been 9.7% a year.
Related: IBND chart, IBND dividends, IBND bond profile. See the IBND overview for the latest quote and fund facts.
IBND performance FAQ
What is the IBND return over the past year?
IBND returned −5.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 7.8%.
What is the average annual return of IBND?
IBND has returned −1.6% a year over 5 years, +0.4% a year over 10 years, +1.1% a year since May 20, 2010 (total return, distributions reinvested).
How much would $10,000 invested in IBND be worth?
$10,000 invested in IBND at its first recorded close on May 20, 2010 would be worth about $11,940 on October 23, 2026 with distributions reinvested.
What was the worst year for IBND?
The worst calendar year was 2022, with a total return of −19.4%. The best was 2025 at +16.2%.
What is the biggest drawdown of IBND?
The largest peak-to-trough decline was −35.6% between January 5, 2021 and September 27, 2022. It has not yet recovered to that high; it is 13.9% below its peak.
How volatile is IBND?
Over the past 3 years IBND had an annualized volatility of 8.7% and a Sharpe ratio of 0.21 (excess return over 1–3 month T-bills per unit of risk).