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Upturn AI SWOT - About
SPDR® Bloomberg International Corporate Bond ETF (IBND)
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Upturn Advisory Summary
04/01/2025: 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.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit -6.26% | Avg. Invested days 34 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 52735 | Beta 1.34 | 52 Weeks Range 27.58 - 31.09 | Updated Date 04/2/2025 |
52 Weeks Range 27.58 - 31.09 | Updated Date 04/2/2025 |
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, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Global ex-US Corporate Bond Index. It focuses on investment-grade international corporate bonds, providing exposure to a diversified portfolio of non-U.S. dollar-denominated debt. Its investment strategy involves tracking the benchmark index by holding a representative sample of bonds.
Reputation and Reliability
State Street Global Advisors (SSGA) is a reputable and well-established asset manager with a long track record of providing ETF products.
Management Expertise
SSGA has extensive experience in managing fixed-income ETFs, with a dedicated team of portfolio managers and analysts.
Investment Objective
Goal
The ETF aims to replicate the performance of the Bloomberg Global ex-US Corporate Bond Index before fees and expenses.
Investment Approach and Strategy
Strategy: The ETF tracks the Bloomberg Global ex-US Corporate Bond Index.
Composition The ETF holds a diversified portfolio of investment-grade, non-U.S. dollar-denominated corporate bonds.
Market Position
Market Share: PICB's market share in the international corporate bond ETF sector is relatively moderate.
Total Net Assets (AUM): 330559304
Competitors
Key Competitors
- iShares International Corporate Bond ETF (IGEB)
- Vanguard International Corporate Bond ETF (VICS)
Competitive Landscape
The international corporate bond ETF market is dominated by a few large players, including iShares and Vanguard. PICB faces competition from these established ETFs, needing to differentiate through performance or cost. Its advantage lies in the SPDR brand. However, it has a disadvantage regarding the lower AUM compared to IGEB and VICS.
Financial Performance
Historical Performance: Historical performance data should be retrieved from financial data providers (e.g., Morningstar, Bloomberg) to assess returns over various time periods (1-year, 3-year, 5-year, 10-year).
Benchmark Comparison: Comparison against the Bloomberg Global ex-US Corporate Bond Index is essential to determine tracking efficiency.
Expense Ratio: 0.4
Liquidity
Average Trading Volume
The ETF's average trading volume is moderate, and is typically in the tens of thousands of shares traded daily.
Bid-Ask Spread
The bid-ask spread is typically low, but can widen depending on market conditions.
Market Dynamics
Market Environment Factors
Global interest rate movements, currency fluctuations, credit spreads, and overall economic health in international markets impact PICB's performance.
Growth Trajectory
The growth trajectory is tied to the demand for international corporate bonds and the ETF's ability to attract assets. Changes in holdings would occur based on index adjustments.
Moat and Competitive Advantages
Competitive Edge
PICB benefits from the SPDR brand recognition and SSGA's expertise in fixed-income management. The ETF offers targeted exposure to international corporate bonds, making it suitable for investors seeking diversification beyond US markets. However, the expense ratio and AUM size could be considered disadvantages compared to certain competitors. Its strength lies in providing access to a specific segment of the fixed-income market, offering both diversification and potential yield.
Risk Analysis
Volatility
Historical volatility can be assessed using standard deviation of returns over different time periods.
Market Risk
Market risks include interest rate risk, credit risk (default by bond issuers), currency risk (due to non-USD denominated bonds), and liquidity risk.
Investor Profile
Ideal Investor Profile
The ETF is ideal for investors seeking diversified exposure to international corporate bonds, potentially to enhance yield or diversify away from domestic markets.
Market Risk
This ETF is suitable for long-term investors seeking income and diversification, but may also appeal to active traders seeking to capitalize on short-term market movements in the international corporate bond space.
Summary
The SPDRu00ae Bloomberg International Corporate Bond ETF (PICB) provides access to investment-grade, non-U.S. dollar-denominated corporate bonds. It aims to track the Bloomberg Global ex-US Corporate Bond Index, offering diversification for investors seeking international fixed-income exposure. While it benefits from the SPDR brand, it faces competition from larger, more established ETFs. Its suitability lies in providing income and diversification, though investors should be aware of interest rate, credit, and currency risks.
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Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA) Website
- Bloomberg Index Services
- Morningstar
- ETF.com
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor. Market share information is based on estimated figures and may not be exact. Financial data is dynamic and subject to change.
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.
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