iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW)

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The chart shows the growth of an initial investment of $10,000 in iShares Investment Grade Corporate Bond Buywrite Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) has returned 0.01% so far this year and 6.15% over the past 12 months.

Based on dividend-adjusted daily data since Aug 22, 2022, LQDW's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, your investment would double in approximately 28.9 years.

Historically, 66% of months were positive and 34% were negative. The best month was Jan 2023 with a return of +4.6%, while the worst month was Sep 2022 at -4.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, LQDW closed higher 57% of trading days. The best single day was Sep 28, 2022 with a return of +1.8%, while the worst single day was Apr 7, 2025 at -1.5%.

iShares Investment Grade Corporate Bond Buywrite Strategy ETF has an annualized alpha of 0.52%, beta of 0.14, and R² of 0.16 versus S&P 500 Index. Calculated based on daily prices since August 23, 2022.

• This ETF participated in 43.76% of S&P 500 Index downside but only 24.97% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.14 may look defensive, but with R² of 0.16 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 0.16 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.

LQDW has an expense ratio of 0.34%, placing it in the medium range.

LQDW ranks 75 for risk / return — better than 75% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) and compare them to a chosen benchmark (S&P 500 Index).

iShares Investment Grade Corporate Bond Buywrite Strategy ETF provided a 14.97% dividend yield over the last twelve months, with an annual payout of $3.62 per share.

The table displays the monthly dividend distributions for iShares Investment Grade Corporate Bond Buywrite Strategy 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 Investment Grade Corporate Bond Buywrite Strategy 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 Investment Grade Corporate Bond Buywrite Strategy ETF was 9.20%, occurring on Oct 20, 2022. Recovery took 457 trading sessions.

The current iShares Investment Grade Corporate Bond Buywrite Strategy ETF drawdown is 1.57%.

The chart below shows the rolling one-month volatility.