SPDR Bloomberg International Corporate Bond ETF

IBND

Market cap $464M

IBND offers exposure to investment grade corporate bonds from developed markets, with an unhedged profile benefiting from a weakening U.S. dollar. The fund's performance in 2025 has been driven by dollar weakness and lower European rates, not by its modest 2.6% yield. IBND is best suited for investors seeking diversification away from dollar-only holdings and looking to profit from further dollar depreciation.

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U.S. Treasury yields remain elevated after a spike following President Trump's tariff announcements earlier this year. With long-term Treasury yields still close to multi-year highs, investors are tempted to pivot away from stocks in favor of the bond market at this time.

Bond ETFs are in demand in 2025. With less than a third of the year complete, the industry has gathered $110 billion of net inflows.

IBND, managed by SSGA Funds, invests in global ex-US investment-grade corporate bonds, tracking the Bloomberg Global Aggregate ex-USD >$1B: Corporate Bond Index. The SPDR Bloomberg International Corporate Bond ETF earns a Strong Sell rating due to its short duration, low yield, and poor investment results. Alternatives like FDIC-insured CDs and iShares iBonds ETFs offer higher yields and lower risks, making them preferable over IBND for fixed income allocation.