Average Daily Volume
6.66M
Fund Overview
The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is designed to provide investors with exposure to intermediate-term investment-grade corporate bonds. The fund seeks to track the performance of the Bloomberg Barclays U.S. Intermediate Corporate Bond Index, which includes U.S. dollar-denominated, investment-grade corporate bonds with maturities between 1 and 10 years. SPIB offers a diversified portfolio of bonds issued by high-quality corporations, making it a suitable option for investors seeking steady income with moderate interest rate risk. The fund is managed by State Street Global Advisors, a leading ETF provider known for its low-cost, index-tracking products.
- Asset Class
-
Bond
- Industry
-
Corporate Bonds
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 4.88 %
- Currency Hedged
-
No
- Portfolio Turnover
-
30 %
- Dividend Date
-
Why Invest in the SPIB ETF?
Potential Benefits
- Provides exposure to a diversified portfolio of investment-grade corporate bonds, reducing issuer-specific risk.
- Offers a competitive yield compared to government bonds with similar maturities.
- Lower expense ratio compared to many actively managed bond funds.
- Intermediate-term duration helps balance yield and interest rate sensitivity.
- Liquidity and transparency typical of ETFs, allowing for easy trading.
- Managed by State Street Global Advisors, a reputable ETF provider.
Potential Risks
- Interest rate risk: Bond prices fall when interest rates rise, impacting fund performance.
- Credit risk: Although investment-grade, corporate bonds carry default risk.
- Market liquidity risk: Corporate bonds may become less liquid during market stress.
- Sector concentration risk: The fund may be overweight in certain industries.
- Inflation risk: Fixed income returns may not keep pace with rising inflation.
- Tracking error risk: The fund may not perfectly replicate its benchmark index.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+0.3%
|
+1.0%
|
-1.3%
|
+0.4%
|
+0.4%
|
+0.1%
|
-0.6%
|
+0.2%
|
-2.0%
|
+0.1%
|
-
|
-
|
| 2025 |
+0.6%
|
+1.5%
|
+0.2%
|
+0.6%
|
+0.3%
|
+1.3%
|
+0.1%
|
+1.2%
|
+0.8%
|
+0.3%
|
+0.8%
|
+0.1%
|
| 2024 |
+0.2%
|
-0.9%
|
+0.9%
|
-1.4%
|
+1.5%
|
+0.6%
|
+2.0%
|
+1.4%
|
+1.2%
|
-1.6%
|
+1.0%
|
-0.8%
|
| 2023 |
+2.8%
|
-2.1%
|
+2.0%
|
+0.7%
|
-0.9%
|
-0.1%
|
+0.6%
|
-0.2%
|
-1.5%
|
-0.7%
|
+3.8%
|
+2.8%
|
| 2022 |
-1.8%
|
-1.1%
|
-2.5%
|
-2.9%
|
+0.9%
|
-1.9%
|
+2.5%
|
-2.4%
|
-3.3%
|
-0.5%
|
+3.6%
|
-0.3%
|
| 2021 |
-0.5%
|
-0.9%
|
-0.8%
|
+0.7%
|
+0.4%
|
+0.5%
|
+0.7%
|
-0.1%
|
-0.7%
|
-0.5%
|
-0.2%
|
+0.1%
|
| 2020 |
+1.4%
|
+0.7%
|
-5.3%
|
+4.3%
|
+2.0%
|
+1.7%
|
+1.3%
|
0.0%
|
-0.2%
|
-0.1%
|
+1.3%
|
+0.5%
|
| 2019 |
+2.1%
|
+0.2%
|
+1.7%
|
+0.4%
|
+1.0%
|
+1.6%
|
+0.1%
|
+1.8%
|
-0.1%
|
+0.5%
|
+0.1%
|
+0.4%
|
| 2018 |
-0.7%
|
-1.0%
|
+0.1%
|
-0.5%
|
+0.4%
|
0.0%
|
+0.4%
|
+0.4%
|
-0.1%
|
-0.6%
|
-0.1%
|
+1.1%
|
| 2017 |
+0.4%
|
+0.7%
|
-0.1%
|
+0.8%
|
+0.8%
|
0.0%
|
+0.7%
|
+0.4%
|
-0.2%
|
+0.3%
|
-0.3%
|
+0.2%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
No holdings data available.
Related ETFs: SPIB vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
SPIB seeks to track the Bloomberg Barclays U.S. Intermediate Corporate Bond Index, which includes U.S. dollar-denominated, investment-grade corporate bonds with maturities between 1 and 10 years. The index is market-cap weighted, meaning larger issuers have greater representation in the portfolio. The fund primarily holds bonds rated BBB- or higher by major credit rating agencies. SPIB uses a sampling strategy to replicate the index, holding a representative subset of securities that collectively mirror the index's characteristics. The fund is rebalanced periodically to maintain alignment with the index, typically when the underlying index undergoes changes.
Frequently Asked Questions
What is the average duration of SPIB?
SPIB typically maintains an average duration between 3-7 years, reflecting its intermediate-term focus.
Does SPIB pay monthly dividends?
Yes, SPIB distributes income to shareholders on a monthly basis.
How does SPIB's credit quality compare to Treasury bonds?
While Treasury bonds are considered risk-free, SPIB holds investment-grade corporate bonds (BBB- or higher) which carry slightly more credit risk but offer higher yields.
Can SPIB be used as a core bond holding?
Yes, many investors use SPIB as part of their core fixed income allocation, though it's often combined with government bonds for diversification.
How does rising interest rates affect SPIB?
Like all bond funds, SPIB's NAV would typically decline when interest rates rise, though its intermediate duration provides some balance between yield and interest rate sensitivity.
Industry Overview
The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) provides exposure to the intermediate-term corporate bond market, a segment known for balancing yield and interest rate sensitivity. Corporate bonds are debt securities issued by companies to raise capital, offering higher yields than government bonds but with additional credit risk. The intermediate-term focus (1-10 years) makes SPIB suitable for investors seeking income with moderate duration risk. The fund's investment-grade focus helps mitigate default risk while still providing attractive yields compared to Treasuries. Corporate bonds play a key role in diversified fixed income portfolios, offering a middle ground between the safety of government bonds and the higher yields (and risks) of high-yield debt.
Alternative Comparison
Compared to peers like VCIT and IGIB, SPIB offers a similar exposure to intermediate-term corporate bonds but with a slightly lower expense ratio (0.07%). Unlike LQD, which has a longer average maturity and higher duration risk, SPIB focuses specifically on the intermediate part of the yield curve. While CIU and SCHI provide comparable exposures, SPIB's pure corporate bond focus differentiates it from aggregate bond funds like AGG or BND that include government securities. Investors prioritizing cost efficiency in the intermediate corporate bond space may find SPIB particularly attractive relative to some competitors.
Issuer Overview
State Street Global Advisors (SSGA) is one of the world's largest asset managers and a pioneer in the ETF industry. As the issuer of SPIB, SSGA is known for its low-cost, index-tracking investment products. The firm manages a wide range of ETFs across asset classes, including fixed income, equities, and alternatives. SSGA's expertise in passive investing and its robust infrastructure make it a trusted provider for investors seeking efficient, transparent access to various markets.
Conclusion
SPIB provides cost-efficient access to intermediate-term investment-grade corporate bonds, offering a balance between yield and interest rate sensitivity. The fund's low expense ratio, diversified portfolio, and intermediate duration make it a compelling option for fixed income investors seeking steady income with moderate risk. While not without risks - particularly interest rate and credit risk - SPIB's focus on quality issuers and intermediate maturities positions it as a core holding for many bond portfolios. As with all fixed income investments, investors should consider how SPIB fits within their overall asset allocation and risk tolerance.
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