What this ETF is trying to do

The SPDR(R) FTSE International Government Inflation-Protected Bond ETF (ticker: WIP) focuses on government bonds from around the world. These specific types of bonds are designed to help protect against inflation.

What the numbers show

As of October 5, 2026, the current price of one share is $38.11. An estimated price from roughly one year ago was about $39.16.

When looking at how this ETF has performed, it is important to understand two different measurements: price return and total return.

• Price return only shows how much the share price itself changed.

• Total return shows the change in price plus any money paid out to investors (distributions).

For the past year, the one-year price return was -2.68%, meaning the share price went down. However, the one-year total return was 3.42%. This shows that even though the share price fell, the total value was higher because of the money paid out.

Looking at a longer period, the three-year price return was 0.82%, while the three-year total return was much higher at 20.63%. For the year to date (YTD), the price return is -3.25% and the total return is 1.60%.

Income and distribution explanation

This ETF provides regular cash payments, known as distributions. The distribution yield is 6.31%. In the last 12 months, the trailing distributions were $2.40 per share. These payments usually happen every month.

It is important for new investors to know that a high distribution yield does not mean your total return will be that same percentage. Total return is the most complete way to see how much value you actually gained or lost.

NAV erosion explanation

"NAV erosion" describes a situation where the value of the underlying assets in the fund decreases. This ETF has an erosion-risk score of 94, which is labeled as "Stable / sideways" with a "good" severity level. There is no severe erosion-risk flag for this ETF.

Pros

• Regular Income: The ETF typically pays out distributions monthly.

• Positive Total Returns: While the share price has dropped recently, the total return (which includes distributions) has been positive over the last year and the last three years.

Cons

• Share-Price Decline: The price return for both the last year and the year to date has been negative, meaning the cost of a single share has gone down.

Beginner takeaway

When watching this ETF, don't just look at the share price. Because this fund pays out regular income, the "total return" gives you a better picture of how the investment is performing overall compared to the "price return" alone.