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Upturn AI SWOT - About
SPDR® Bloomberg International Corporate Bond ETF (IBND)
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Upturn Advisory Summary
08/14/2025: IBND (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 7.48% | Avg. Invested days 45 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  2.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.31 | 52 Weeks Range 27.42 - 32.67 | Updated Date 06/29/2025 |
52 Weeks Range 27.42 - 32.67 | Updated Date 06/29/2025 |
Upturn AI SWOT
SPDR® Bloomberg International Corporate Bond ETF
ETF Overview
Overview
The SPDRu00ae Bloomberg International Corporate Bond ETF (PICB) seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg International Corporate Bond Index. The fund invests in a broad range of investment-grade corporate bonds from issuers outside the United States, offering diversification and exposure to international credit markets.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable ETF provider with a long track record of managing investment funds.
Management Expertise
SSGA has extensive experience in managing fixed income ETFs and a dedicated team of portfolio managers and analysts.
Investment Objective
Goal
The fund seeks to track the performance of the Bloomberg International Corporate Bond Index.
Investment Approach and Strategy
Strategy: The ETF employs a passive investment strategy, aiming to replicate the Bloomberg International Corporate Bond Index.
Composition The ETF holds a portfolio of investment-grade corporate bonds issued by companies outside the United States. The bonds are diversified across various sectors and countries.
Market Position
Market Share: PICBu2019s market share is a small part of the overall international corporate bond ETF market.
Total Net Assets (AUM): 41710000
Competitors
Key Competitors
- Vanguard International Corporate Bond ETF (VICSX)
- iShares International Corporate Bond ETF (IGIB)
- Xtrackers USD High Yield Corporate Bond ETF (HYLB)
Competitive Landscape
The international corporate bond ETF market is competitive. PICB offers exposure to a broad index and low expense ratio, while competitors may have different weighting methodologies or target specific segments of the market. The fund is relatively new and has smaller AUM, which may make it less attractive to some investors.
Financial Performance
Historical Performance: Historical performance data is limited given the ETF's relatively recent inception date. Investors should review its performance over various periods to assess its track record.
Benchmark Comparison: The ETF aims to closely track the Bloomberg International Corporate Bond Index. Differences in performance may arise due to tracking error.
Expense Ratio: 0.3
Liquidity
Average Trading Volume
The average trading volume of PICB is relatively low, potentially leading to wider bid-ask spreads.
Bid-Ask Spread
The bid-ask spread for PICB may be wider compared to more liquid ETFs due to its lower trading volume.
Market Dynamics
Market Environment Factors
Economic conditions in international markets, changes in interest rates, credit spreads, and currency fluctuations can affect PICBu2019s performance.
Growth Trajectory
Growth trends will depend on investor demand for international corporate bonds and the ETF's ability to attract assets. No major changes to strategy and holdings.
Moat and Competitive Advantages
Competitive Edge
PICB offers a simple and low-cost way to gain exposure to a broad range of investment-grade corporate bonds issued outside the United States. It leverages SSGA's expertise in fixed income ETFs. However, its late entry into the market and low AUM are disadvantages. Investors seeking international corporate bond exposure may be drawn to its index-tracking approach and low expense ratio, although liquidity may be a concern.
Risk Analysis
Volatility
PICB's volatility will be influenced by the volatility of the underlying international corporate bond market.
Market Risk
PICB is subject to market risk, including interest rate risk, credit risk, and currency risk, all of which can affect bond prices and yields.
Investor Profile
Ideal Investor Profile
PICB may be suitable for investors seeking to diversify their fixed income portfolio with international corporate bonds and who are comfortable with the associated risks.
Market Risk
PICB may be best suited for long-term investors seeking diversified fixed income exposure. Investors should assess their risk tolerance and investment goals before investing.
Summary
The SPDRu00ae Bloomberg International Corporate Bond ETF (PICB) offers a passive approach to investing in investment-grade international corporate bonds. It tracks the Bloomberg International Corporate Bond Index and has a reasonable expense ratio. The ETF faces competition from larger, more liquid peers. Investors should carefully consider the risks and liquidity before investing.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SSGA Website
- Bloomberg
- ETF.com
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investment decisions should be based on individual circumstances and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Bloomberg International Corporate Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to be a broad based measure of the global investment grade, fixed rate, fixed income corporate markets outside the United States.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.