SPDR FTSE International Government Inflation-Protected Bond ETF
$38.25−0.07 (−0.18%)
- 0.50%
- $457M
- +4.8%
- 6.28%
- 0.1M sh
- $38.11
- low $37.64high $41.69
The ETF.net WIP Grade
C
Score 40 out of 100
- 5 of 6
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F10 out of 100Rank 6 of 6Mission
Whether the fund did what it promised, tested against its stated mandate.A84 out of 100Rank 5 of 6Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C47 out of 100Rank 4 of 6Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F14 out of 100Rank 6 of 6Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C51 out of 100Rank 6 of 6Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 6 of 6
Our read on WIP
CThe 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
- 193
- 15%
- Deutschland I/L Bond Bonds Regs 04/30 0.5
Sectors
- Government100.0%
Geography
- United Kingdom18.15%
- Brazil8.57%
- France6.98%
- Mexico5.84%
- Italy5.84%
- Japan4.73%
- Australia4.61%
- Germany4.58%
- 40.71%
Developed 61% · Emerging 39%
WIP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
WIP$10,482
Returns run to the Oct 12, 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 | +2.2% |
| 1 month | −2.4% |
| 3 months | −0.5% |
| 1 year | +4.8% |
| 3 years | +6.0% |
| 5 years | −0.3% |
| 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 | +2.2% | |
| 2025 | +15.2% | |
| 2024 | −8.7% | |
| 2023 | +8.8% | |
| 2022 | −15.6% | |
| 2021 | −4.1% | |
| 2020 | +8.4% |
WIP in the news
WIP Dividends
- 6.28%
- $2.40
- $0.24 per share
- Monthly
Distribution history
WIP Risk
- 9.4%
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.
- 0.13
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
0.50%
WIP0.50%
- The middle half of International Sovereign funds
- Median 0.35%
Every other International Sovereign fund charges less.
Other funds in International Sovereign
- BEBNDSPDR Bloomberg Emerging Markets Local Bond ETFExpense ratio 0.30%1 year return +3.6%
- BIGOViShares International Treasury Bond ETFExpense ratio 0.35%1 year return −5.0%
- BBWXSPDR Bloomberg International Treasury Bond ETFExpense ratio 0.35%1 year return −4.8%
- BISHGiShares 1-3 Year International Treasury Bond ETFExpense ratio 0.35%1 year return −1.1%
- DGGOViShares Global Government Bond USD Hedged Active ETFExpense ratio 0.39%1 year return +2.7%