SPDR FTSE International Government Inflation-Protected Bond ETF
$38.58−0.56 (−1.43%)
- Expense ratio
- 0.50%
- Fund size
- $469M
- 1Y return
- +5.8%
- Yield · Last 12 months
- 5.99%
- Holdings
- 232
- Volume · 30D
- 0.1M sh
- NAV per share
- $39.05
- 52W range
The ETF.net WIP Grade
Score 40 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 10Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 83Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 48Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 15Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 53Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 36Category rank
Our read on WIP
DThe ex-US inflation hedge that outlasted its rivals. WIP holds inflation-linked government bonds from developed and emerging markets outside the United States, in local currency, and has done it since 2008.
The fund seeks to track the FTSE International Inflation-Linked Securities Select Index, investing in inflation-linked government bonds from developed and emerging markets outside the United States.
Why people hold it
- Fills a real gap: inflation-linked government debt issued outside the US, developed and emerging markets alike. iShares retired its versions in 2016. WIP has run since 2008.sec.gov
- Its cohort (IGOV, BWX, ISHG, EBND) buys plain nominal government bonds. WIP buys the inflation-linked kind, where the coupon is tied to an inflation index.ssga.com
- Spread across a couple hundred government issues, with cash paid out monthly rather than quarterly.
- Sticks to its stated job: it follows the FTSE International Inflation-Linked Securities Select Index closely rather than freelancing around it.
Worth knowing
- At 0.50% a year, the priciest ticket in its peer group, where 0.35% is the going rate.
- The bonds sit in local currencies, so exchange-rate moves ride along with the inflation link, in both directions.ssga.com
- A mid-size fund with moderate volume, so the bid-ask spread is worth checking before trading in size.
WIP Holdings
- Bonds
- 232
- 15%
- DEUTSCHLAND I/L BOND BONDS REGS 04/30 0.5
Geography
- United Kingdom18.42%
- Brazil7.57%
- France7.25%
- Italy5.95%
- Mexico5.91%
- Japan4.81%
- Turkey4.68%
- Canada4.66%
- 40.75%
Developed 62% · Emerging 38%
WIP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | WIP |
|---|---|
| Year to date | +3.7% |
| 1 month | −1.6% |
| 3 months | +0.8% |
| 1 year | +5.8% |
| 3 years | +5.7% |
| 5 years | −0.4% |
| 10 years | +1.0% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | WIP |
|---|---|---|
| 2026 YTD | +3.7% | |
| 2025 | +15.2% | |
| 2024 | −8.7% | |
| 2023 | +8.8% | |
| 2022 | −15.6% | |
| 2021 | −4.1% | |
| 2020 | +8.4% |
WIP in the news
ETF.net Research hasn’t filed on WIP yet — coverage lands here as it’s written.
WIP Dividends
- 5.99%
- $2.34
- $0.12 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.12 |
| Aug 3, 2026 | Aug 6, 2026 | $0.19 |
| Jul 1, 2026 | Jul 7, 2026 | $0.36 |
| Jun 1, 2026 | Jun 4, 2026 | $0.39 |
| May 1, 2026 | May 6, 2026 | $0.31 |
| Apr 1, 2026 | Apr 6, 2026 | $0.14 |
| Mar 2, 2026 | Mar 5, 2026 | $0.16 |
| Feb 2, 2026 | Feb 5, 2026 | $0.03 |
| Dec 18, 2025 | Dec 23, 2025 | $0.21 |
| Dec 1, 2025 | Dec 4, 2025 | $0.10 |
| Nov 3, 2025 | Nov 6, 2025 | $0.16 |
| Oct 1, 2025 | Oct 6, 2025 | $0.18 |
WIP Risk
- 9.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.08
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −27.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.44
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
WIP Cost
- The middle half of International Sovereign funds
- Median 0.35%
Every other International Sovereign fund charges less.