iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD)

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iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is up 0.6% since the beginning of the year. LQD is currently trading at $109 per share. Investors who bought $1,000 worth of LQD shares 5 years ago would now be looking at an investment worth $988.

iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has returned 0.61% so far this year and 5.23% over the past 12 months. Over the last ten years, LQD has returned 2.46% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jul 26, 2002, LQD's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.

Historically, 60% of months were positive and 40% were negative. The best month was Dec 2008 with a return of +13.8%, while the worst month was Sep 2008 at -10.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, LQD closed higher 54% of trading days. The best single day was Sep 30, 2008 with a return of +9.8%, while the worst single day was Sep 29, 2008 at -9.1%.

iShares iBoxx $ Investment Grade Corporate Bond ETF has an annualized alpha of 4.04%, beta of 0.07, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since July 26, 2002.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (23.10%) than losses (17.30%) - typical of diversified or defensive assets.
• Beta of 0.07 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

LQD has an expense ratio of 0.15%, which is considered low.

LQD ranks 29 for risk / return — below 29% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

iShares iBoxx $ Investment Grade Corporate Bond ETF provided a 4.56% dividend yield over the last twelve months, with an annual payout of $4.96 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for iShares iBoxx $ Investment Grade Corporate Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the iShares iBoxx $ Investment Grade Corporate Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares iBoxx $ Investment Grade Corporate Bond ETF was 24.95%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current iShares iBoxx $ Investment Grade Corporate Bond ETF drawdown is 3.58%.

The chart below shows the rolling one-month volatility.