iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW)
LQDW is a passive ETF by iShares tracking the investment results of the CBOE LQD BuyWrite Index. LQDW launched on Aug 18, 2022 and has a 0.34% expense ratio.
ETF Info
| Issuer | iShares |
|---|---|
| Inception Date | Aug 18, 2022 |
| Region | North America (U.S.) |
| Category | Corporate Bonds |
| Leveraged | 1x |
| Index Tracked | CBOE LQD BuyWrite Index |
| Asset Class | Bond |
Expense Ratio
LQDW features an expense ratio of 0.34%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: LQDW vs. AGGH, LQDW vs. HYGW, LQDW vs. LQD, LQDW vs. TLTW, LQDW vs. LQDH, LQDW vs. SVOL, LQDW vs. FLRT, LQDW vs. GABF, LQDW vs. SDHA.L, LQDW vs. JEPQ
Performance
Performance Chart
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.
Returns By Period
iShares Investment Grade Corporate Bond Buywrite Strategy ETF had a return of 2.52% year-to-date (YTD) and 4.23% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.52% | 25.48% |
| 1 month | -1.46% | 2.14% |
| 6 months | 2.24% | 12.76% |
| 1 year | 4.23% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of LQDW, 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 | 0.51% | -0.24% | 1.53% | -2.69% | 1.12% | 0.79% | 2.02% | 1.25% | 0.96% | -2.48% | 2.52% | ||
| 2023 | 4.62% | -2.82% | 2.95% | 1.25% | -0.68% | 1.31% | 0.72% | -2.24% | -1.46% | -2.09% | 1.68% | 0.96% | 4.01% |
| 2022 | -1.24% | -4.82% | -1.42% | 2.19% | -1.72% | -6.93% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LQDW is 26, 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 Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares Investment Grade Corporate Bond Buywrite Strategy ETF provided a 16.51% dividend yield over the last twelve months, with an annual payout of $4.47 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $4.47 | $5.72 | $3.01 |
Dividend yield | 16.51% | 19.28% | 8.85% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.41 | $0.47 | $0.25 | $0.37 | $0.26 | $0.32 | $0.30 | $0.34 | $0.35 | $0.23 | $3.29 | |
| 2023 | $0.00 | $0.61 | $0.47 | $0.55 | $0.45 | $0.42 | $0.62 | $0.23 | $0.39 | $0.40 | $0.42 | $1.18 | $5.72 |
| 2022 | $0.55 | $0.44 | $0.98 | $1.05 | $3.01 |
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 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 2.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.2% | Aug 26, 2022 | 39 | Oct 20, 2022 | 457 | Aug 16, 2024 | 496 |
| -3.13% | Oct 2, 2024 | 23 | Nov 1, 2024 | — | — | — |
| -0.25% | Sep 25, 2024 | 1 | Sep 25, 2024 | 2 | Sep 27, 2024 | 3 |
| -0.25% | Aug 26, 2024 | 2 | Aug 27, 2024 | 5 | Sep 4, 2024 | 7 |
| -0.19% | Aug 24, 2022 | 1 | Aug 24, 2022 | 1 | Aug 25, 2022 | 2 |
Volatility
Volatility Chart
The current iShares Investment Grade Corporate Bond Buywrite Strategy ETF volatility is 2.19%, 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.