iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD)
LQD is a passive ETF by iShares tracking the investment results of the iBoxx $ Liquid Investment Grade Index. LQD launched on Jul 26, 2002 and has a 0.15% expense ratio.
ETF Info
| ISIN | US4642872422 |
|---|---|
| CUSIP | 464287242 |
| Issuer | iShares |
| Inception Date | Jul 26, 2002 |
| Region | North America (U.S.) |
| Category | Corporate Bonds |
| Leveraged | 1x |
| Index Tracked | iBoxx $ Liquid Investment Grade Index |
| Home Page | www.ishares.com |
| Asset Class | Bond |
Expense Ratio
LQD has an expense ratio of 0.15%, which is considered low compared to other funds.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: LQD vs. HYG, LQD vs. IEF, LQD vs. TLT, LQD vs. VCIT, LQD vs. VCLT, LQD vs. VTC, LQD vs. VCSH, LQD vs. IGSB, LQD vs. SHV, LQD vs. SHYG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares iBoxx $ Investment Grade Corporate Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
iShares iBoxx $ Investment Grade Corporate Bond ETF had a return of 1.49% year-to-date (YTD) and 8.69% in the last 12 months. Over the past 10 years, iShares iBoxx $ Investment Grade Corporate Bond ETF had an annualized return of 2.48%, while the S&P 500 had an annualized return of 11.11%, indicating that iShares iBoxx $ Investment Grade Corporate Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.49% | 23.08% |
| 1 month | -2.74% | 0.48% |
| 6 months | 3.22% | 10.70% |
| 1 year | 8.69% | 30.22% |
| 5 years (annualized) | 0.13% | 13.50% |
| 10 years (annualized) | 2.48% | 11.11% |
Monthly Returns
The table below presents the monthly returns of LQD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.44% | -1.93% | 1.54% | -3.24% | 2.21% | 0.60% | 2.64% | 1.87% | 1.96% | -3.18% | 1.49% | ||
| 2023 | 5.16% | -4.17% | 3.85% | 0.60% | -1.77% | 0.81% | 0.05% | -1.23% | -3.56% | -2.41% | 7.57% | 4.88% | 9.40% |
| 2022 | -3.59% | -2.13% | -2.89% | -6.70% | 1.86% | -3.62% | 4.44% | -4.43% | -5.98% | -0.75% | 6.65% | -1.55% | -17.92% |
| 2021 | -1.83% | -2.26% | -1.48% | 1.04% | 0.62% | 2.21% | 1.42% | -0.34% | -1.51% | 0.53% | -0.12% | -0.03% | -1.84% |
| 2020 | 2.45% | 1.09% | -6.31% | 4.85% | 2.46% | 2.13% | 3.10% | -1.78% | -0.44% | -0.51% | 3.77% | 0.15% | 10.97% |
| 2019 | 3.37% | -0.20% | 2.93% | 0.44% | 1.65% | 3.25% | 0.25% | 3.89% | -0.75% | 0.45% | 0.48% | 0.53% | 17.37% |
| 2018 | -1.23% | -2.24% | 0.56% | -1.56% | 0.52% | -0.49% | 1.34% | 0.02% | -0.14% | -2.05% | -0.36% | 1.86% | -3.78% |
| 2017 | 0.15% | 1.32% | -0.30% | 1.19% | 1.33% | 0.48% | 0.77% | 0.68% | -0.05% | 0.19% | -0.12% | 1.22% | 7.05% |
| 2016 | 0.12% | 1.05% | 3.61% | 1.55% | -0.51% | 3.09% | 1.30% | 0.18% | -0.32% | -1.53% | -3.17% | 0.84% | 6.20% |
| 2015 | 3.75% | -1.42% | 0.20% | -1.19% | -1.12% | -1.88% | 0.83% | -0.83% | 1.19% | 0.57% | -0.15% | -1.08% | -1.26% |
| 2014 | 1.88% | 1.14% | -0.03% | 1.33% | 1.51% | 0.01% | -0.32% | 2.00% | -1.68% | 1.23% | 0.91% | -0.02% | 8.21% |
| 2013 | -1.30% | 1.08% | -0.05% | 2.17% | -3.22% | -3.27% | 1.11% | -1.00% | 0.74% | 1.81% | -0.14% | 0.21% | -2.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LQD is 37, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares iBoxx $ Investment Grade Corporate Bond ETF provided a 4.41% dividend yield over the last twelve months, with an annual payout of $4.77 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.77 | $4.42 | $3.48 | $3.04 | $3.67 | $4.21 | $4.14 | $3.77 | $3.91 | $3.96 | $4.05 | $4.38 |
Dividend yield | 4.41% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% | 3.83% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.39 | $0.39 | $0.41 | $0.42 | $0.41 | $0.38 | $0.39 | $0.41 | $0.41 | $0.39 | $3.98 | |
| 2023 | $0.00 | $0.34 | $0.37 | $0.34 | $0.37 | $0.35 | $0.35 | $0.37 | $0.38 | $0.40 | $0.36 | $0.79 | $4.42 |
| 2022 | $0.00 | $0.24 | $0.26 | $0.26 | $0.25 | $0.27 | $0.30 | $0.28 | $0.30 | $0.34 | $0.31 | $0.68 | $3.48 |
| 2021 | $0.00 | $0.27 | $0.27 | $0.25 | $0.26 | $0.26 | $0.25 | $0.24 | $0.23 | $0.26 | $0.26 | $0.50 | $3.04 |
| 2020 | $0.00 | $0.34 | $0.35 | $0.31 | $0.32 | $0.32 | $0.31 | $0.30 | $0.30 | $0.29 | $0.28 | $0.56 | $3.67 |
| 2019 | $0.00 | $0.35 | $0.36 | $0.36 | $0.35 | $0.37 | $0.36 | $0.35 | $0.35 | $0.34 | $0.35 | $0.68 | $4.21 |
| 2018 | $0.00 | $0.32 | $0.33 | $0.34 | $0.33 | $0.36 | $0.35 | $0.34 | $0.35 | $0.35 | $0.37 | $0.71 | $4.14 |
| 2017 | $0.00 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.58 | $3.77 |
| 2016 | $0.00 | $0.34 | $0.34 | $0.33 | $0.33 | $0.33 | $0.33 | $0.32 | $0.32 | $0.32 | $0.32 | $0.64 | $3.91 |
| 2015 | $0.00 | $0.34 | $0.33 | $0.33 | $0.33 | $0.33 | $0.33 | $0.33 | $0.34 | $0.33 | $0.33 | $0.65 | $3.96 |
| 2014 | $0.00 | $0.35 | $0.35 | $0.34 | $0.34 | $0.34 | $0.33 | $0.34 | $0.34 | $0.34 | $0.34 | $0.66 | $4.05 |
| 2013 | $0.37 | $0.37 | $0.37 | $0.36 | $0.36 | $0.36 | $0.35 | $0.37 | $0.37 | $0.38 | $0.72 | $4.38 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 10.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.95% | Sep 23, 2021 | 272 | Oct 20, 2022 | — | — | — |
| -21.76% | Mar 9, 2020 | 9 | Mar 19, 2020 | 57 | Jun 10, 2020 | 66 |
| -21.54% | May 2, 2008 | 104 | Sep 29, 2008 | 71 | Jan 9, 2009 | 175 |
| -10.86% | Jan 12, 2009 | 39 | Mar 9, 2009 | 76 | Jun 25, 2009 | 115 |
| -8.57% | May 3, 2013 | 36 | Jun 24, 2013 | 215 | May 1, 2014 | 251 |
Volatility
Volatility Chart
The current iShares iBoxx $ Investment Grade Corporate Bond ETF volatility is 2.49%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.