SPDR® SSGA Fixed Income Sector Rotation ETF

10-Year Study

FISR.US · · US · ETF

Executive Summary: SPDR® SSGA Fixed Income Sector Rotation ETF has compounded at 0.7% annually over the last 10 years, with a maximum drawdown of 19.5% and an annualized volatility of 6.6%.

1Y CAGR
+4.7%
3Y CAGR
+3.3%
5Y CAGR
-0.7%
10Y CAGR
+0.7%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
19.5%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.59
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.89
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
6.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +6.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -15.7%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
57%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.11.4-2.20.6————————-0.1%
20250.42.3-0.10.2-1.11.7-0.51.31.00.70.7-0.46.3%
2024-0.4-1.50.9-2.61.80.92.41.31.6-2.71.0-1.61.0%
20233.6-3.03.00.6-1.2-0.4-0.2-0.8-2.6-1.44.33.85.3%
2022-2.7-1.1-3.0-4.50.0-1.12.2-3.2-4.5-1.53.8-1.2-15.7%
2021-1.2-1.7-1.20.80.31.31.3-0.3-1.20.50.2-0.4-1.7%
20201.01.0-1.62.20.60.51.7-0.8-0.2-0.41.80.25.9%
2019————1.22.20.12.1-0.20.2-0.10.46.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 6.6%. The dominant macroeconomic risk driver is LQD.US, accounting for 58.6% of variance. Idiosyncratic stock-specific factors contribute 1.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2019-04-0110000
2019-05-0110121.375745663423
2019-06-0110347.51294237075
2019-07-0110359.186003704137
2019-08-0110573.4270919008
2019-09-0110553.329530910025
2019-10-0110576.828755646222
2019-11-0110571.445313844864
2019-12-0110609.30970939906
2020-01-0110714.961017648473
2020-02-0110820.501968061042
2020-03-0110645.694377338157
2020-04-0110879.813088019779
2020-05-0110940.578289054063
2020-06-0110996.286458790326
2020-07-0111179.136959748843
2020-08-0111088.78653242698
2020-09-0111062.540019287751
2020-10-0111017.217920900322
2020-11-0111211.237101247798
2020-12-0111231.327667727786
2021-01-0111096.101236373042
2021-02-0110907.118880959099
2021-03-0110777.391689417607
2021-04-0110861.67165854539
2021-05-0110894.386539825618
2021-06-0111032.129440727467
2021-07-0111170.091502967265
2021-08-0111138.996239517852
2021-09-0111003.484587556624
2021-10-0111054.505657898631
2021-11-0111081.476491488107
2021-12-0111041.304684542512
2022-01-0110744.045747830944
2022-02-0110620.650920054062
2022-03-0110303.853206046708
2022-04-019842.492165953629
2022-05-019846.067915300826
2022-06-019737.384875209767
2022-07-019955.095240756113
2022-08-019636.285439146084
2022-09-019201.532295249492
2022-10-019065.014988070861
2022-11-019413.921392423685
2022-12-019304.963234908391
2023-01-019638.229135976631
2023-02-019349.299107275045
2023-03-019626.102208610042
2023-04-019679.554260033994
2023-05-019559.885175002271
2023-06-019518.662637103096
2023-07-019499.104430610685
2023-08-019423.230309111525
2023-09-019177.898620472637
2023-10-019045.036333763444
2023-11-019437.000946512742
2023-12-019795.967011711065
2024-01-019757.182449404623
2024-02-019610.720502224527
2024-03-019698.891750852728
2024-04-019447.711096861307
2024-05-019620.483284945567
2024-06-019704.823873166826
2024-07-019940.126987674817
2024-08-0110066.728410062986
2024-09-0110225.169622715312
2024-10-019953.396351803065
2024-11-0110054.264191842954
2024-12-019895.202799234303
2025-01-019938.512810019061
2025-02-0110164.65622406931
2025-03-0110158.373599048064
2025-04-0110179.640020507904
2025-05-0110068.640243011065
2025-06-0110240.233467444012
2025-07-0110189.752528768227
2025-08-0110324.542191782803
2025-09-0110426.586663970413
2025-10-0110495.244004674509
2025-11-0110564.124392555883
2025-12-0110519.839813268323
2026-01-0110532.020365217602
2026-02-0110683.595579562443
2026-03-0110444.416685389935
2026-04-0110504.313273879474
Annual Return Matrix
YearAnnual Return
20200.05862944671863657
2021-0.016919013388887905
2022-0.15725872070761215
20230.05276794377441818
20240.01013026967165187
20250.06312523620863586
2026-0.0014759292598035545
Total Factor Risk
0.0659682944640276
VTI.US Exposure
-0.06002369798862802
VEA.US Exposure
0.013114316857695705
VWO.US Exposure
-0.0018556425339813817
QQQ.US Exposure
0.04280990500640898
VTV.US Exposure
0.019416842413750805
IJR.US Exposure
0.011590901919098014
QUAL.US Exposure
-0.027976914893714493
SHV.US Exposure
0.22803916610392683
TLT.US Exposure
0.0928075938856221
LQD.US Exposure
0.5856556829898657
HYG.US Exposure
-0.016129671858398274
GLD.US Exposure
0.008263113412631355
USO.US Exposure
0.010856239201178468
VNQ.US Exposure
0.0024716742541455406
BTC-USD.CC Exposure
0.003365865602550649
CPER.US Exposure
-0.007744415838635947
VIX.INDX Exposure
-0.0023361918244144187
UUP.US Exposure
-0.0023832287374861635
TIP.US Exposure
0.08141974379894326
Idiosyncratic Exposure
0.01863871822944149
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
6.6%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$70
Avg Yield on Cost
0.70%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$69.950.70%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.5%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.7% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.02
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is SPDR® SSGA Fixed Income Sector Rotation ETF a high-risk investment?

SPDR® SSGA Fixed Income Sector Rotation ETF (FISR.US) has an annualized volatility of 6.6% and experienced a maximum drawdown of 19.5% over the last 10 years. Its primary macro risk driver is LQD.US.

What is the 10-year return of FISR.US?

Over the past 10 years, FISR.US has generated a Compound Annual Growth Rate (CAGR) of 0.7%. It has had a positive return in 57% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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