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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 Trading 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 3.3%, compared to a Buy-and-Hold benchmark return of 3.5%. The strategy executed 97 total trades.

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

🛡️ 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
+0.34 vs 1.00 B&H
Capital Sheltered from Risk
35.7% 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 1Y5Y10YFull
StrategyB&HStrategyB&HStrategyB&HStrategyB&H
Max Drawdown-1.68%-2.02%-3.05%-14.60%-6.53%-14.94%-6.53%-14.94%
Sharpe Ratio1.050.481.350.331.330.581.230.81
Sortino Ratio1.190.761.600.511.270.691.341.00
CAGR1.76%1.34%2.99%1.50%3.10%2.68%3.30%3.46%
% Time Invested50.4%100.0%43.7%100.0%54.5%100.0%64.3%100.0%
Trades / Year5.00.06.00.05.70.05.70.0

Cumulative Growth Performance

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Hydrating Performance Trajectory... Loading historical performance data
Figure 1: Cumulative Trajectory Analysis. Logarithmic growth comparison of SPIB under the Excess Return MMA strategy (Trading) versus Buy & Hold. The strategy produced a 3.3% CAGR with a -6.5% Max Drawdown across 97 trade signals (compared to Buy & Hold's 3.5% CAGR and -14.9% Max Drawdown).

Return Distribution Analysis

Histogram of monthly return distribution for SPIB under Excess Return MMA strategy in Trading context, illustrating downside risk mitigation and return skewness.
Figure 2: Monthly Return Distribution Profile. Monthly return distribution for SPIB under Excess Return MMA (Trading). Visualizes return frequency, volatility clustering, and tail-risk truncation relative to standard buy-and-hold returns.
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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 DateExit DateTypeAllocationEntry PriceExit PriceNet 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.
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2026-05-18 2026-06-22 Interest (CASH) 33.33% $1.00 $1.00 0.34% Interest Income
2026-04-23 2026-05-18 Completed 33.33% $33.06 $32.83 -0.75% Signal
2026-03-18 2026-04-23 Interest (CASH) 33.33% $1.00 $1.00 0.36% Interest Income
2025-04-23 2026-04-01 Completed 33.33% $31.05 $32.77 5.50% Signal
2025-12-30 2026-03-24 Completed 33.33% $32.86 $32.62 -0.76% Signal
2026-02-26 2026-03-18 Completed 33.33% $33.18 $32.82 -1.13% Signal
2026-02-03 2026-02-26 Interest (CASH) 33.33% $1.00 $1.00 0.23% Interest Income
2025-12-12 2026-02-03 Completed 33.33% $32.70 $32.89 0.53% Signal
2025-11-21 2025-12-30 Interest (CASH) 33.33% $1.00 $1.00 0.36% Interest Income
2025-11-17 2025-12-12 Interest (CASH) 33.33% $1.00 $1.00 0.27% Interest Income
2025-05-28 2025-11-21 Completed 33.33% $31.23 $32.64 4.45% Signal
2025-05-12 2025-11-17 Completed 33.33% $31.05 $32.52 4.68% Signal
2025-04-25 2025-05-28 Interest (CASH) 33.33% $1.00 $1.00 0.37% Interest Income
2025-04-11 2025-05-12 Interest (CASH) 33.33% $1.00 $1.00 0.34% Interest Income
2025-02-26 2025-04-25 Completed 33.33% $30.96 $31.12 0.48% Signal
2025-01-03 2025-04-23 Interest (CASH) 33.33% $1.00 $1.01 1.25% Interest Income
2025-02-07 2025-04-11 Completed 33.33% $30.67 $30.60 -0.28% Signal
2024-10-29 2025-02-26 Interest (CASH) 33.33% $1.00 $1.01 1.39% Interest Income
2024-12-31 2025-02-07 Interest (CASH) 33.33% $1.00 $1.00 0.42% Interest Income
2024-08-02 2025-01-03 Completed 33.33% $30.22 $30.46 0.73% Signal
2024-12-11 2024-12-31 Completed 33.33% $30.76 $30.48 -0.99% Signal
2024-10-16 2024-12-11 Interest (CASH) 33.33% $1.00 $1.01 0.70% Interest Income
2024-06-07 2024-10-29 Completed 33.33% $29.36 $30.34 3.30% Signal
2024-05-20 2024-10-16 Completed 33.33% $29.28 $30.71 4.84% Signal
2024-05-16 2024-08-02 Interest (CASH) 33.33% $1.00 $1.01 1.12% Interest Income
2024-02-23 2024-06-07 Interest (CASH) 33.33% $1.00 $1.02 1.55% Interest Income
2024-04-09 2024-05-20 Interest (CASH) 33.33% $1.00 $1.01 0.61% Interest Income
2024-01-10 2024-05-16 Completed 33.33% $29.09 $29.36 0.87% Signal
2024-03-26 2024-04-09 Completed 33.33% $29.20 $29.14 -0.27% Signal
2024-02-05 2024-03-26 Interest (CASH) 33.33% $1.00 $1.01 0.74% Interest Income
2023-11-29 2024-02-23 Completed 33.33% $28.38 $28.97 2.00% Signal
2023-11-15 2024-02-05 Completed 33.33% $27.91 $29.10 4.22% Signal
2023-05-19 2024-01-10 Interest (CASH) 33.33% $1.00 $1.03 3.48% Interest Income
2023-05-30 2023-11-29 Interest (CASH) 33.33% $1.00 $1.03 2.75% Interest Income
2023-08-14 2023-11-15 Interest (CASH) 33.33% $1.00 $1.01 1.43% Interest Income
2023-08-02 2023-08-14 Completed 33.33% $27.81 $27.77 -0.21% Signal
2023-05-10 2023-08-02 Interest (CASH) 33.33% $1.00 $1.01 1.20% Interest Income
2023-04-14 2023-05-30 Completed 33.33% $28.02 $27.76 -0.98% Signal
2023-02-09 2023-05-19 Completed 33.33% $27.86 $27.78 -0.33% Signal
2023-03-29 2023-05-10 Completed 33.33% $27.69 $28.05 1.23% Signal
2023-03-07 2023-04-14 Interest (CASH) 33.33% $1.00 $1.01 0.51% Interest Income
2023-02-23 2023-03-29 Interest (CASH) 33.33% $1.00 $1.00 0.45% Interest Income
2022-12-01 2023-03-07 Completed 33.33% $27.35 $27.38 0.07% Signal
2023-02-08 2023-02-23 Completed 33.33% $27.79 $27.37 -1.56% Signal
2021-11-19 2023-02-09 Interest (CASH) 33.33% $1.00 $1.03 2.57% Interest Income
2023-01-17 2023-02-08 Interest (CASH) 33.33% $1.00 $1.00 0.29% Interest Income
2022-11-16 2023-01-17 Completed 33.33% $27.09 $27.76 2.40% Signal
2022-09-14 2022-12-01 Interest (CASH) 33.33% $1.00 $1.01 0.84% Interest Income
2022-09-01 2022-11-16 Interest (CASH) 33.33% $1.00 $1.01 0.76% Interest Income
2022-08-04 2022-09-14 Completed 33.33% $27.98 $27.16 -2.98% Signal
2022-07-22 2022-09-01 Completed 33.33% $27.83 $27.31 -1.89% Signal
2021-09-29 2022-08-04 Interest (CASH) 33.33% $1.00 $1.01 0.57% Interest Income
2022-06-15 2022-07-22 Interest (CASH) 33.33% $1.00 $1.00 0.20% Interest Income
2022-06-07 2022-06-15 Completed 33.33% $27.76 $27.06 -2.56% Signal
2022-01-13 2022-06-07 Interest (CASH) 33.33% $1.00 $1.00 0.23% Interest Income
2021-12-27 2022-01-13 Completed 33.33% $30.10 $29.80 -1.05% Signal
2021-10-01 2021-12-27 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2021-07-13 2021-11-19 Completed 33.33% $30.37 $30.05 -1.11% Signal
2021-09-20 2021-10-01 Completed 33.33% $30.40 $30.30 -0.36% Signal
2021-05-06 2021-09-29 Completed 33.33% $30.13 $30.31 0.53% Signal
2021-08-26 2021-09-20 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2021-04-19 2021-08-26 Completed 33.33% $29.91 $30.37 1.49% Signal
2021-04-08 2021-07-13 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2021-02-18 2021-05-06 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2021-01-29 2021-04-19 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2020-05-21 2021-04-08 Completed 33.33% $28.86 $29.90 3.56% Signal
2020-11-06 2021-02-18 Completed 33.33% $30.11 $30.28 0.52% Signal
2020-10-30 2021-01-29 Completed 33.33% $29.94 $30.29 1.09% Signal
2020-10-15 2020-11-06 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2020-10-08 2020-10-30 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2020-05-01 2020-10-15 Completed 33.33% $28.48 $30.08 5.57% Signal
2020-09-30 2020-10-08 Completed 33.33% $29.97 $29.95 -0.10% Signal
2020-09-08 2020-09-30 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2020-04-16 2020-09-08 Completed 33.33% $28.36 $29.95 5.55% Signal
2020-04-22 2020-05-21 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2020-03-13 2020-05-01 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2020-04-06 2020-04-22 Completed 33.33% $27.36 $28.43 3.84% Signal
2020-03-13 2020-04-16 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
2019-12-03 2020-03-13 Completed 33.33% $28.17 $27.26 -3.28% Stop
2019-02-15 2020-03-13 Completed 33.33% $26.18 $27.26 4.07% Stop
2019-01-04 2020-03-13 Completed 33.33% $25.71 $27.26 5.96% Stop
2019-11-08 2019-12-03 Interest (CASH) 33.33% $1.00 $1.00 0.10% Interest Income
2019-10-17 2019-11-08 Completed 33.33% $28.00 $28.00 -0.04% Signal
2019-09-25 2019-10-17 Interest (CASH) 33.33% $1.00 $1.00 0.11% Interest Income
2018-12-21 2019-09-25 Completed 33.33% $25.56 $27.97 9.38% Signal
2018-11-15 2019-02-15 Interest (CASH) 33.33% $1.00 $1.01 0.58% Interest Income
2018-10-04 2019-01-04 Interest (CASH) 33.33% $1.00 $1.01 0.58% Interest Income
2018-09-20 2018-12-21 Interest (CASH) 33.33% $1.00 $1.01 0.59% Interest Income
2018-08-31 2018-11-15 Completed 33.33% $25.61 $25.41 -0.86% Signal
2018-07-02 2018-10-04 Completed 33.33% $25.36 $25.44 0.29% Signal
2018-06-11 2018-09-20 Completed 33.33% $25.27 $25.48 0.80% Signal
2018-01-03 2018-08-31 Interest (CASH) 33.33% $1.00 $1.01 1.20% Interest Income
2017-10-25 2018-07-02 Interest (CASH) 33.33% $1.00 $1.01 1.09% Interest Income
2018-04-27 2018-06-11 Interest (CASH) 33.33% $1.00 $1.00 0.22% Interest Income
2018-04-18 2018-04-27 Completed 33.33% $25.36 $25.26 -0.44% Signal
2018-01-05 2018-04-18 Interest (CASH) 33.33% $1.00 $1.00 0.45% Interest Income
2018-01-03 2018-01-05 Completed 33.33% $25.77 $25.77 -0.05% Signal
2017-11-09 2018-01-03 Interest (CASH) 33.33% $1.00 $1.00 0.19% Interest Income
2017-04-19 2018-01-03 Completed 33.33% $25.37 $25.77 1.52% Signal
2017-11-01 2017-11-09 Completed 33.33% $25.82 $25.78 -0.22% Signal
2017-10-04 2017-11-01 Interest (CASH) 33.33% $1.00 $1.00 0.09% Interest Income
2017-01-31 2017-10-25 Completed 33.33% $24.94 $25.74 3.14% Signal
2017-08-07 2017-10-04 Completed 33.33% $25.70 $25.80 0.31% Signal
2017-07-14 2017-08-07 Interest (CASH) 33.33% $1.00 $1.00 0.07% Interest Income
2017-04-13 2017-07-14 Completed 33.33% $25.31 $25.62 1.15% Signal
2016-12-07 2017-04-19 Interest (CASH) 33.33% $1.00 $1.00 0.22% Interest Income
2017-03-22 2017-04-13 Interest (CASH) 33.33% $1.00 $1.00 0.05% Interest Income
2017-01-12 2017-03-22 Completed 33.33% $24.95 $25.08 0.46% Signal
2016-10-06 2017-01-31 Interest (CASH) 33.33% $1.00 $1.00 0.14% Interest Income
2016-10-26 2017-01-12 Interest (CASH) 33.33% $1.00 $1.00 0.10% Interest Income
2016-03-22 2016-12-07 Completed 33.33% $24.41 $24.82 1.60% Signal
2016-10-14 2016-10-26 Completed 33.33% $25.25 $25.31 0.18% Signal
2016-09-16 2016-10-14 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2016-02-11 2016-10-06 Completed 33.33% $24.00 $25.26 5.18% Signal
2016-01-26 2016-09-16 Completed 33.33% $23.86 $25.23 5.69% Signal
2016-02-04 2016-03-22 Interest (CASH) 33.33% $1.00 $1.00 0.04% Interest Income
2015-12-04 2016-02-11 Interest (CASH) 33.33% $1.00 $1.00 0.05% Interest Income
2015-10-29 2016-02-04 Completed 33.33% $24.07 $23.93 -0.62% Signal
2015-11-16 2016-01-26 Interest (CASH) 33.33% $1.00 $1.00 0.04% Interest Income
2015-09-24 2015-12-04 Completed 33.33% $23.97 $23.93 -0.20% Signal
2015-09-14 2015-11-16 Completed 33.33% $23.91 $23.98 0.28% Signal
2015-07-16 2015-10-29 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2015-09-01 2015-09-24 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2015-08-05 2015-09-14 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2015-08-21 2015-09-01 Completed 33.33% $23.88 $23.82 -0.27% Signal
2015-05-29 2015-08-21 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2015-07-21 2015-08-05 Completed 33.33% $23.79 $23.81 0.05% Signal
2015-05-13 2015-07-21 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2013-10-25 2015-07-16 Completed 33.33% $22.78 $23.80 4.39% Signal
2015-04-10 2015-05-29 Completed 33.33% $24.15 $24.05 -0.47% Signal
2015-03-26 2015-05-13 Completed 33.33% $24.02 $24.02 -0.05% Signal
2015-03-18 2015-04-10 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2015-03-02 2015-03-26 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2015-01-08 2015-03-18 Completed 33.33% $23.84 $23.90 0.24% Signal
2014-12-11 2015-03-02 Completed 33.33% $23.67 $23.97 1.22% Signal
2014-12-15 2015-01-08 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2014-10-24 2014-12-15 Completed 33.33% $23.69 $23.68 -0.08% Signal
2014-11-18 2014-12-11 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2014-10-14 2014-11-18 Completed 33.33% $23.74 $23.61 -0.59% Signal
2014-09-25 2014-10-24 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2014-09-15 2014-10-14 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2013-10-07 2014-09-25 Completed 33.33% $22.53 $23.46 4.06% Signal
2014-04-29 2014-09-15 Completed 33.33% $23.19 $23.46 1.15% Signal
2014-04-04 2014-04-29 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2013-12-27 2014-04-04 Completed 33.33% $22.74 $23.06 1.34% Signal
2013-12-04 2013-12-27 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2013-09-25 2013-12-04 Completed 33.33% $22.51 $22.74 0.97% Signal
2013-07-12 2013-10-25 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2013-06-10 2013-10-07 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2013-08-21 2013-09-25 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2013-07-31 2013-08-21 Completed 33.33% $22.37 $22.18 -0.93% Signal
2013-05-29 2013-07-31 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2011-04-14 2013-07-12 Completed 33.33% $20.28 $22.35 10.19% Signal
2013-03-14 2013-06-10 Completed 33.33% $22.80 $22.63 -0.79% Signal
2013-03-01 2013-05-29 Completed 33.33% $22.82 $22.81 -0.11% Signal
2012-12-31 2013-03-14 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2013-01-03 2013-03-01 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2012-12-21 2013-01-03 Completed 33.33% $22.67 $22.76 0.35% Signal
2012-01-25 2012-12-31 Completed 33.33% $21.31 $22.77 6.82% Signal
2012-11-29 2012-12-21 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2012-06-28 2012-11-29 Completed 33.33% $21.99 $22.74 3.36% Signal
2012-06-06 2012-06-28 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2012-04-24 2012-06-06 Completed 33.33% $21.80 $21.82 0.05% Signal
2012-03-30 2012-04-24 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2011-12-29 2012-03-30 Completed 33.33% $21.03 $21.70 3.14% Signal
2011-12-30 2012-01-25 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2011-11-15 2011-12-30 Completed 33.33% $21.04 $21.10 0.22% Signal
2011-12-06 2011-12-29 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2011-10-20 2011-12-06 Completed 33.33% $20.76 $20.92 0.73% Signal
2011-09-30 2011-11-15 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2011-09-13 2011-10-20 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2011-02-01 2011-09-30 Completed 33.33% $20.13 $20.78 3.15% Signal
2011-05-10 2011-09-13 Completed 33.33% $20.62 $20.99 1.75% Signal
2011-04-15 2011-05-10 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2011-03-16 2011-04-15 Completed 33.33% $20.29 $20.30 0.03% Signal
2011-01-28 2011-04-14 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2011-02-22 2011-03-16 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2011-01-14 2011-02-22 Completed 33.33% $20.16 $20.09 -0.39% Signal
2010-12-02 2011-02-01 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2009-09-01 2011-01-28 Completed 33.33% $18.32 $20.12 9.77% Signal
2010-11-18 2011-01-14 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2009-09-01 2010-12-02 Completed 33.33% $18.32 $20.05 9.40% Signal
2010-07-09 2010-11-18 Completed 33.33% $19.57 $20.09 2.59% Signal
2010-06-16 2010-07-09 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2010-01-29 2010-06-16 Completed 33.33% $18.82 $19.30 2.49% Signal
2010-01-06 2010-01-29 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2009-11-27 2010-01-06 Completed 33.33% $18.74 $18.65 -0.54% Signal
2009-11-04 2009-11-27 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2009-09-01 2009-11-04 Completed 33.33% $18.32 $18.61 1.52% Signal
2009-08-28 2009-09-01 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2009-08-28 2009-09-01 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2009-08-28 2009-09-01 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 →