SPDR FTSE International Government… (WIP) Performance
WIP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.5% since Dec 31, 2025
- 1 year
- +3.3% total return
- 5 years
- −0.6% a year
- 10 years
- +1.1% a year
- Since first price
- +1.2% a year since 2008
WIP trailing returns vs AGG, TLT, SPY
| Period | WIP total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.5% | −0.2% | +0.9% | +1.5% | −1.0% |
| 3 months | +1.0% | −0.5% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.4% | −5.4% | −1.5% | −3.8% | +7.8% |
| YTD | +2.5% | −2.4% | −1.0% | −3.4% | +12.3% |
| 1 year | +3.3% | −2.8% | −1.1% | −6.9% | +14.4% |
| 3 years | +20.7%+6.5%/yr | +0.9% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −2.9%−0.6%/yr | −31.0% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +12.0%+1.1%/yr | −31.0% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +19.2%+1.2%/yr | −33.9% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionMar 19, 2008 | +24.0%+1.2%/yr | −37.9% | — | — | — |
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: WIP vs AGG
From Mar 19, 2008: WIP grew to $12,396, AGG to $16,133.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
WIP returns by calendar year
10 of 17 full years positive. Best 2009 (+17.1%), worst 2022 (−15.5%). 2026 is year to date.
WIP annual returns table
| Year | WIP | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +2.5% | −5.2% | −1.0% | −3.4% | +12.3% |
| 2025 | +15.2% | −4.4% | +7.2% | +4.3% | +17.7% |
| 2024 | −8.7% | −9.3% | +1.3% | −8.1% | +24.9% |
| 2023 | +8.8% | −10.8% | +5.7% | +2.8% | +26.2% |
| 2022 | −15.5% | −27.1% | −13.0% | −31.2% | −18.2% |
| 2021 | −4.1% | −6.1% | −1.8% | −4.6% | +28.7% |
| 2020 | +8.4% | −18.9% | +7.5% | +18.2% | +18.3% |
| 2019 | +8.6% | −3.7% | +8.5% | +14.1% | +31.2% |
| 2018 | −6.0% | −11.7% | +0.1% | −1.6% | −4.6% |
| 2017 | +12.7% | −5.4% | +3.6% | +9.2% | +21.7% |
| 2016 | +4.6% | −10.1% | +2.4% | +1.2% | +12.0% |
| 2015 | −10.6% | −10.9% | +0.5% | −1.8% | +1.2% |
| 2014 | −0.2% | −8.6% | +6.0% | +27.3% | +13.5% |
| 2013 | −5.9% | −10.5% | −2.0% | −13.4% | +32.3% |
| 2012 | +14.8% | −4.6% | +3.8% | +2.6% | +16.0% |
| 2011 | +2.1% | −11.1% | +7.7% | +34.0% | +1.9% |
| 2010 | +6.6% | −10.1% | +6.4% | +9.0% | +15.1% |
| 2009 | +17.1% | −10.7% | +3.0% | −21.8% | +26.4% |
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.
WIP largest drawdowns
Now 5.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 15, 2008 | −29.6% | Nov 21, 2008 | Oct 1, 2010 | 4 months | 2.2 years |
| Jun 10, 2021 | −28.8% | Sep 27, 2022 | not yet | 1.3 years | 5.4 years so far |
| Jan 26, 2018 | −20.0% | Mar 18, 2020 | Nov 16, 2020 | 2.1 years | 2.8 years |
| Jul 23, 2014 | −19.1% | Jan 20, 2016 | Jan 23, 2018 | 1.5 years | 3.5 years |
| Aug 17, 2011 | −11.1% | Nov 25, 2011 | Sep 7, 2012 | 3 months | 1.1 years |
| May 1, 2013 | −10.5% | Sep 5, 2013 | Jun 30, 2014 | 4 months | 1.2 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
WIP risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | +5.4% | −0.3% | +0.8% | +1.1% |
| Volatility (annualized) | 9.4% | 11.2% | 10.3% | 11.1% |
| Sharpe ratio | 0.14 | -0.30 | -0.09 | 0.04 |
| Sortino ratio | 0.20 | -0.38 | -0.12 | 0.05 |
| Best month | +6.6% | +8.1% | +8.1% | +10.7% |
| Worst month | −5.0% | −7.2% | −10.3% | −12.5% |
| Best 12 months | +17.9% | +17.9% | +17.9% | +33.8% |
| Worst 12 months | −8.7% | −20.8% | −20.8% | −22.0% |
| Positive months | 67% | 57% | 56% | 57% |
| Beta vs S&P 500 | 0.37 | 0.50 | 0.42 | — |
| Correlation with S&P 500 | 0.49 | 0.69 | 0.62 | — |
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.
WIP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 212 | −22.0% | +2.3% | +33.8% | 63% |
| 3-year (a year) | 188 | −5.9% | +2.1% | +14.5% | 67% |
| 5-year (a year) | 164 | −2.8% | +0.3% | +9.0% | 57% |
| 10-year (a year) | 104 | −1.3% | +1.3% | +4.5% | 75% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
WIP performance overview
SPDR FTSE International Government… (WIP) returned +3.3% over the past year and +1.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned +1.2% a year, turning $10,000 into about $12,396. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −29.6%, from Jul 15, 2008 to Nov 21, 2008, and it took 1.9 years to get back to the old high. WIP finished 10 of its 17 full calendar years with a gain; the best year was 2009 (+17.1%) and the worst 2022 (−15.5%). Volatility has been 11.1% a year.
Related: WIP chart, WIP dividends, WIP bond profile. See the WIP overview for the latest quote and fund facts.
WIP performance FAQ
What is the WIP return over the past year?
WIP returned +3.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.8%.
What is the average annual return of WIP?
WIP has returned −0.6% a year over 5 years, +1.1% a year over 10 years, +1.2% a year since March 19, 2008 (total return, distributions reinvested).
How much would $10,000 invested in WIP be worth?
$10,000 invested in WIP at its first recorded close on March 19, 2008 would be worth about $12,396 on October 23, 2026 with distributions reinvested.
What was the worst year for WIP?
The worst calendar year was 2022, with a total return of −15.5%. The best was 2009 at +17.1%.
What is the biggest drawdown of WIP?
The largest peak-to-trough decline was −29.6% between July 15, 2008 and November 21, 2008. It recovered to the old high on October 1, 2010, 1.9 years after the bottom.
How volatile is WIP?
Over the past 3 years WIP had an annualized volatility of 9.4% and a Sharpe ratio of 0.14 (excess return over 1–3 month T-bills per unit of risk).