SPIB

SPDR Portfolio Intermediate Term Corporate Bond ETF

TREND FOLLOWING PERFORMANCE HISTORY

2026-09-09

Executive Summary

The quantitative backtest for SPIB (SPDR Portfolio Intermediate Term Corporate Bond ETF) using the Excess Return MMA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -6.5% (compared to the benchmark's drawdown of -14.9%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 3.1%, compared to a Buy-and-Hold benchmark return of 3.2%. The strategy executed 26 total trades.

* Excess Return MMA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility.

📊 Strategy Model 4 Models Available

Compare quantitative moving average overlays for SPIB:

Excess Return MMA Active Model

Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.

Excess Return MMA CA

Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.

Excess Return SMA

Standard Signal: Classical quantitative trend following optimized for reliable directionality.

Moving Average (50/200)

Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.

🎯 Trading Horizon

Select risk profile & execution style for SPIB:

🛡️ Long-Term Investing Active Horizon

Ideal for wealth preservation and multi-year horizons. Optimized for low turnover and tax efficiency.

⚔️ Tactical Trading

Ideal for active capital rotation and momentum-first accounts. Optimized for high sensitivity to price shifts.

🛡️ SPIB Drawdown Shield & Downside Protection

Why Drawdown Dictates Longevity →

Peak Drawdown Defense

-6.5% (vs -14.9% B&H)

+8.4% shallower drawdown

Downside Efficiency

1.34 Sortino

+0.39 vs 0.95 B&H

Capital Sheltered from Risk

28.0% of Time

Earning Treasury yield during downturns

* Drawdown Shield demonstrates how systematic trend-following bounded historical drawdowns and protected principal capital compared to passive Buy & Hold.

📊 SPIB Quality Metrics & KPI Summary

Metric	1Y		5Y		10Y		Full
	Strategy	B&H	Strategy	B&H	Strategy	B&H	Strategy	B&H
Max Drawdown	-2.02%	-2.02%	-3.73%	-14.60%	-6.53%	-14.94%	-6.53%	-14.94%
Sharpe Ratio	1.00	0.48	1.39	0.33	1.14	0.58	1.18	0.77
Sortino Ratio	1.38	0.76	1.72	0.51	1.14	0.69	1.34	0.95
CAGR	2.28%	1.34%	2.88%	1.50%	2.75%	2.68%	3.10%	3.24%
% Time Invested	77.7%	100.0%	49.4%	100.0%	61.2%	100.0%	72.0%	100.0%
Trades / Year	0.0	0.0	1.4	0.0	1.8	0.0	1.7	0.0

Cumulative Growth Performance

Hydrating Performance Trajectory... Loading historical performance data

Figure 1: Cumulative Trajectory Analysis. Logarithmic growth comparison of SPIB under the Excess Return MMA strategy (Investing) versus Buy & Hold. The strategy produced a 3.1% CAGR with a -6.5% Max Drawdown across 26 trade signals (compared to Buy & Hold's 3.2% CAGR and -14.9% Max Drawdown).

Histogram of monthly return distribution for SPIB under Excess Return MMA strategy in Investing context, illustrating downside risk mitigation and return skewness. — **Figure 2: Monthly Return Distribution Profile.** Monthly return distribution for **SPIB** under **Excess Return MMA** (Investing). Visualizes return frequency, volatility clustering, and tail-risk truncation relative to standard buy-and-hold returns.

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Top Diversifiers for SPIB

Explore Correlation Across Horizons →

Top 5 non-correlated asset sleeves evaluated on 1Y daily percentage returns (Pearson r). Compare them side-by-side in Compare Studio to analyze portfolio diversification.

Diversifier Asset	Category	1Y Correlation (r)	Action
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Trade History

This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.

Entry Date	Exit Date	Type	Allocation	Entry Price	Exit Price	Net Return %	Exit Reason
🔒 Active Positions & Recent Execution Signals Hidden Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription. Subscribe to Unlock
2025-07-24	2026-06-18	Completed	33.33%	$31.73	$33.04	4.07%	Signal
2025-04-24	2026-03-31	Completed	33.33%	$30.99	$32.76	5.65%	Signal
2025-04-16	2025-07-24	Interest (CASH)	33.33%	$1.00	$1.01	1.15%	Interest Income
2025-01-02	2025-04-24	Interest (CASH)	33.33%	$1.00	$1.01	1.29%	Interest Income
2024-03-22	2025-04-16	Completed	33.33%	$29.26	$30.89	5.52%	Signal
2024-08-02	2025-01-02	Completed	33.33%	$30.22	$30.47	0.76%	Signal
2022-03-17	2024-08-05	Interest (CASH)	33.33%	$1.00	$1.11	10.77%	Interest Income
2024-05-16	2024-08-02	Interest (CASH)	33.33%	$1.00	$1.01	1.12%	Interest Income
2024-01-11	2024-05-16	Completed	33.33%	$29.06	$29.36	1.00%	Signal
2023-09-13	2024-03-22	Interest (CASH)	33.33%	$1.00	$1.03	2.84%	Interest Income
2023-05-22	2024-01-11	Interest (CASH)	33.33%	$1.00	$1.03	3.48%	Interest Income
2023-06-21	2023-09-13	Completed	33.33%	$27.80	$27.77	-0.17%	Signal
2022-02-02	2023-06-21	Interest (CASH)	33.33%	$1.00	$1.04	4.39%	Interest Income
2023-02-07	2023-05-22	Completed	33.33%	$27.80	$27.92	0.39%	Signal
2021-11-19	2023-02-07	Interest (CASH)	33.33%	$1.00	$1.03	2.53%	Interest Income
2020-04-06	2022-03-17	Completed	33.33%	$27.36	$28.56	4.31%	Stop
2021-09-02	2022-02-02	Completed	33.33%	$30.44	$29.56	-2.94%	Signal
2021-07-13	2021-11-19	Completed	33.33%	$30.37	$30.05	-1.11%	Signal
2021-06-28	2021-09-02	Interest (CASH)	33.33%	$1.00	$1.00	0.01%	Interest Income
2021-04-08	2021-07-13	Interest (CASH)	33.33%	$1.00	$1.00	0.01%	Interest Income
2020-04-06	2021-06-28	Completed	33.33%	$27.36	$30.20	10.33%	Signal
2020-05-21	2021-04-08	Completed	33.33%	$28.86	$29.90	3.56%	Signal
2020-03-13	2020-05-21	Interest (CASH)	33.33%	$1.00	$1.00	0.02%	Interest Income
2020-03-13	2020-04-06	Interest (CASH)	33.33%	$1.00	$1.00	0.01%	Interest Income
2020-03-13	2020-04-06	Interest (CASH)	33.33%	$1.00	$1.00	0.01%	Interest Income
2019-03-13	2020-03-13	Completed	33.33%	$26.41	$27.26	3.16%	Stop
2019-03-07	2020-03-13	Completed	33.33%	$26.30	$27.26	3.59%	Stop
2019-02-14	2020-03-13	Completed	33.33%	$26.19	$27.26	4.04%	Stop
2018-06-14	2019-03-13	Interest (CASH)	33.33%	$1.00	$1.02	1.66%	Interest Income
2018-03-08	2019-03-07	Interest (CASH)	33.33%	$1.00	$1.02	2.12%	Interest Income
2018-11-19	2019-02-14	Interest (CASH)	33.33%	$1.00	$1.01	0.55%	Interest Income
2018-08-29	2018-11-19	Completed	33.33%	$25.59	$25.38	-0.87%	Signal
2018-01-09	2018-08-29	Interest (CASH)	33.33%	$1.00	$1.01	1.16%	Interest Income
2011-02-14	2018-06-14	Completed	33.33%	$19.92	$25.27	26.79%	Signal
2017-06-29	2018-03-08	Completed	33.33%	$25.51	$25.34	-0.70%	Signal
2017-04-18	2018-01-09	Completed	33.33%	$25.33	$25.76	1.64%	Signal
2017-03-06	2017-06-29	Interest (CASH)	33.33%	$1.00	$1.00	0.28%	Interest Income
2016-12-07	2017-04-18	Interest (CASH)	33.33%	$1.00	$1.00	0.22%	Interest Income
2016-02-23	2017-03-06	Completed	33.33%	$24.04	$25.05	4.16%	Signal
2016-03-22	2016-12-07	Completed	33.33%	$24.41	$24.82	1.60%	Signal
2016-02-08	2016-03-22	Interest (CASH)	33.33%	$1.00	$1.00	0.04%	Interest Income
2015-10-16	2016-02-23	Interest (CASH)	33.33%	$1.00	$1.00	0.07%	Interest Income
2015-10-29	2016-02-08	Completed	33.33%	$24.07	$23.94	-0.56%	Signal
2015-07-16	2015-10-29	Interest (CASH)	33.33%	$1.00	$1.00	0.01%	Interest Income
2013-10-25	2015-10-16	Completed	33.33%	$22.78	$24.06	5.55%	Signal
2013-10-25	2015-07-16	Completed	33.33%	$22.78	$23.80	4.39%	Signal
2013-08-14	2013-10-25	Interest (CASH)	33.33%	$1.00	$1.00	0.01%	Interest Income
2013-07-12	2013-10-25	Interest (CASH)	33.33%	$1.00	$1.00	0.01%	Interest Income
2011-02-14	2013-08-14	Completed	33.33%	$19.92	$22.32	12.02%	Signal
2011-04-14	2013-07-12	Completed	33.33%	$20.28	$22.35	10.19%	Signal
2011-02-10	2011-04-14	Interest (CASH)	33.33%	$1.00	$1.00	0.02%	Interest Income
2011-02-10	2011-02-14	Interest (CASH)	33.33%	$1.00	$1.00	0.00%	Interest Income
2011-02-10	2011-02-14	Interest (CASH)	33.33%	$1.00	$1.00	0.00%	Interest Income

Next Steps: Portfolio Integration & Comparative Analysis

Single-ticker trend following is designed to truncate tail risk inside a broader portfolio. View where SPIB ranks across 40+ tracked assets, evaluate correlation against non-correlated diversifiers, or model it inside a custom all-weather asset mix.

📊 View Full 40-Asset Backtest Matrix → 🛠️ Build Custom Portfolio with SPIB → ⚖️ Compare SPIB vs Non-Correlated Assets →