- CUSIP
- 46436E494
- Issuer
- iShares
- Inception Date
- May 18, 2021
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iBoxx USD Liquid Investment Grade BBB 0+ Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $56M
Share Price Chart
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Performance
LQDB Performance Chart
iShares BBB Rated Corporate Bond ETF (LQDB) is up 0.8% since the beginning of the year. LQDB is currently trading at $86 per share. Investors who bought $1,000 worth of LQDB shares 5 years ago would now be looking at an investment worth $1,043.
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Returns By Period
iShares BBB Rated Corporate Bond ETF (LQDB) has returned 0.77% so far this year and 5.96% over the past 12 months.
iShares BBB Rated Corporate Bond ETF
- 1D
- -0.18%
- 1M
- 0.58%
- YTD
- 0.77%
- 6M
- 0.56%
- 1Y
- 5.96%
- 3Y*
- 5.59%
- 5Y*
- 0.84%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
LQDB Monthly Returns History
Based on dividend-adjusted daily data since May 20, 2021, LQDB's average daily return is 0.00%, while the average monthly return is +0.11%. At this rate, an investment would double in approximately 52.5 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2023 with a return of +6.1%, while the worst month was Apr 2022 at -5.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, LQDB closed higher 53% of trading days. The best single day was Nov 10, 2022 with a return of +2.7%, while the worst single day was Jun 13, 2022 at -2.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.31% | 1.21% | -1.61% | 0.37% | 0.75% | -0.24% | 0.77% | ||||||
| 2025 | 0.65% | 1.65% | -0.18% | -0.19% | 0.35% | 1.93% | -0.04% | 0.98% | 1.58% | 0.09% | 0.74% | -0.26% | 7.50% |
| 2024 | -0.34% | -1.31% | 1.32% | -2.39% | 1.99% | 0.51% | 2.17% | 1.62% | 1.62% | -2.25% | 1.48% | -1.88% | 2.37% |
| 2023 | 4.37% | -3.35% | 3.22% | 0.54% | -1.40% | 0.69% | 0.30% | -0.76% | -2.49% | -1.60% | 6.09% | 4.10% | 9.60% |
| 2022 | -3.28% | -1.93% | -2.49% | -5.84% | 1.37% | -3.13% | 3.76% | -3.59% | -4.82% | -0.64% | 5.36% | -0.89% | -15.51% |
| 2021 | 0.44% | 1.90% | 1.25% | -0.25% | -1.23% | 0.48% | -0.25% | 0.03% | 2.35% |
Benchmark Metrics
iShares BBB Rated Corporate Bond ETF has an annualized alpha of -0.73%, beta of 0.15, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since May 21, 2021.
- This ETF participated in 51.88% of S&P 500 Index downside but only 26.15% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.15 may look defensive, but with R2 of 0.13 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 0.13 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.
- Alpha
- -0.73%
- Beta
- 0.15
- R²
- 0.13
- Upside Capture
- 26.15%
- Downside Capture
- 51.88%
Expense Ratio
LQDB has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
LQDB ranks 43 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares BBB Rated Corporate Bond ETF (LQDB) and compare them to S&P 500 Index.
| LQDB | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 2.24 | -0.77 |
Sortino ratioReturn per unit of downside risk | 2.15 | 3.07 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.93 | -0.69 |
Martin ratioReturn relative to average drawdown | 6.94 | 13.52 | -6.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
iShares BBB Rated Corporate Bond ETF provided a 4.70% dividend yield over the last twelve months, with an annual payout of $4.05 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $4.05 | $4.05 | $3.79 | $3.38 | $3.41 | $1.34 |
Dividend yield | 4.70% | 4.65% | 4.46% | 3.90% | 4.14% | 1.32% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares BBB Rated 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.34 | $0.33 | $0.32 | $0.35 | $0.34 | $1.69 | ||||||
| 2025 | $0.00 | $0.35 | $0.35 | $0.35 | $0.32 | $0.32 | $0.33 | $0.34 | $0.34 | $0.34 | $0.31 | $0.69 | $4.05 |
| 2024 | $0.00 | $0.31 | $0.31 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.33 | $0.31 | $0.33 | $0.60 | $3.79 |
| 2023 | $0.00 | $0.22 | $0.23 | $0.30 | $0.31 | $0.28 | $0.29 | $0.29 | $0.28 | $0.28 | $0.29 | $0.61 | $3.38 |
| 2022 | $0.00 | $0.19 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.21 | $0.21 | $0.29 | $0.36 | $1.15 | $3.41 |
| 2021 | $0.22 | $0.20 | $0.18 | $0.18 | $0.18 | $0.37 | $1.34 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares BBB Rated 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 BBB Rated Corporate Bond ETF was 21.63%, occurring on Oct 20, 2022. Recovery took 726 trading sessions.
The current iShares BBB Rated Corporate Bond ETF drawdown is 0.83%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -21.63%Oct 2022 | 1y 27d | 2y 11mo | 3y 11moSep 2021 - Sep 2025 |
2026 pullback2026 | -2.67%Mar 2026 | 1mo 5d | — | 3mo 14dFeb 2026 - now |
2021 pullback2021 | -1.56%Aug 2021 | 6d | 1mo 13d | 1mo 19dAug 2021 - Sep 2021 |
2025 pullback2025 | -1.51%Nov 2025 | 17d | 2mo 24d | 3mo 11dOct 2025 - Feb 2026 |
2025 pullback2025 | -0.86%Sep 2025 | 8d | 19d | 27dSep 2025 - Oct 2025 |
Drawdown Indicators
| LQDB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -56.78% | +35.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -9.10% | +6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -5.90% | -18.90% | +13.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -25.43% | +3.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.83% | -0.74% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -10.72% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.97% | -1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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