SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG)
LQIG is a passive ETF by SPDR tracking the investment results of the MarketAxess U.S. Investment Grade 400 Corporate Bond Index - Benchmark TR Gross. LQIG launched on May 11, 2022 and has a 0.07% expense ratio.
ETF Info
| ISIN | US78468R4992 |
|---|---|
| Issuer | SPDR |
| Inception Date | May 11, 2022 |
| Region | North America (U.S.) |
| Category | Corporate Bonds |
| Leveraged | 1x |
| Index Tracked | MarketAxess U.S. Investment Grade 400 Corporate Bond Index - Benchmark TR Gross |
| Asset Class | Bond |
Expense Ratio
LQIG has an expense ratio of 0.07%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: LQIG vs. VTC, LQIG vs. GABF, LQIG vs. ^GSPC
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SPDR MarketAxess Investment Grade 400 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
SPDR MarketAxess Investment Grade 400 Corporate Bond ETF had a return of 3.58% year-to-date (YTD) and 12.60% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.58% | 25.70% |
| 1 month | -0.40% | 3.51% |
| 6 months | 5.73% | 14.80% |
| 1 year | 12.60% | 37.91% |
| 5 years (annualized) | N/A | 14.18% |
| 10 years (annualized) | N/A | 11.41% |
Monthly Returns
The table below presents the monthly returns of LQIG, 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 | -0.39% | -1.60% | 1.47% | -3.03% | 2.15% | 0.69% | 2.35% | 1.85% | 1.97% | -2.96% | 3.58% | ||
| 2023 | 4.97% | -3.92% | 3.88% | 0.49% | -1.50% | 0.64% | 0.06% | -1.01% | -3.15% | -1.99% | 6.95% | 4.29% | 9.46% |
| 2022 | 1.88% | -3.39% | 4.29% | -4.34% | -5.24% | -0.60% | 6.06% | -1.38% | -3.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LQIG is 48, 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 SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
SPDR MarketAxess Investment Grade 400 Corporate Bond ETF provided a 5.35% dividend yield over the last twelve months, with an annual payout of $5.15 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $5.15 | $4.72 | $3.78 |
Dividend yield | 5.35% | 4.85% | 4.04% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR MarketAxess Investment Grade 400 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 | $0.43 | $0.42 | $0.42 | $0.42 | $0.43 | $0.42 | $0.56 | $0.41 | $0.38 | $0.41 | $4.30 | |
| 2023 | $0.00 | $0.36 | $0.38 | $0.40 | $0.39 | $0.39 | $0.38 | $0.39 | $0.39 | $0.39 | $0.40 | $0.85 | $4.72 |
| 2022 | $0.21 | $0.37 | $0.36 | $0.37 | $0.36 | $0.39 | $1.72 | $3.78 |
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 SPDR MarketAxess Investment Grade 400 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 SPDR MarketAxess Investment Grade 400 Corporate Bond ETF was 11.86%, occurring on Oct 20, 2022. Recovery took 283 trading sessions.
The current SPDR MarketAxess Investment Grade 400 Corporate Bond ETF drawdown is 2.41%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.86% | Aug 2, 2022 | 57 | Oct 20, 2022 | 283 | Dec 6, 2023 | 340 |
| -6.37% | May 31, 2022 | 11 | Jun 14, 2022 | 32 | Aug 1, 2022 | 43 |
| -4.43% | Dec 28, 2023 | 75 | Apr 16, 2024 | 59 | Jul 11, 2024 | 134 |
| -4.09% | Sep 17, 2024 | 34 | Nov 1, 2024 | — | — | — |
| -1.41% | Jul 15, 2024 | 8 | Jul 24, 2024 | 5 | Jul 31, 2024 | 13 |
Volatility
Volatility Chart
The current SPDR MarketAxess Investment Grade 400 Corporate Bond ETF volatility is 2.37%, 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.