iShares Aaa - A Rated Corporate Bond ETF (QLTA)

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iShares Aaa - A Rated Corporate Bond ETF (QLTA) is up 0.5% since the beginning of the year. QLTA is currently trading at $47 per share. Investors who bought $1,000 worth of QLTA shares 5 years ago would now be looking at an investment worth $1,013.

iShares Aaa - A Rated Corporate Bond ETF (QLTA) has returned 0.50% so far this year and 5.60% over the past 12 months. Over the last ten years, QLTA has returned 2.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Feb 16, 2012, QLTA's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.

Historically, 58% of months were positive and 42% were negative. The best month was Nov 2023 with a return of +5.9%, while the worst month was Apr 2022 at -5.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.

On a daily basis, QLTA closed higher 52% of trading days. The best single day was Mar 23, 2020 with a return of +7.5%, while the worst single day was Mar 18, 2020 at -4.7%.

iShares Aaa - A Rated Corporate Bond ETF has an annualized alpha of 1.69%, beta of 0.08, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since February 17, 2012.

• This ETF participated in 21.92% of S&P 500 Index downside but only 16.77% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.08 may look defensive, but with R2 of 0.04 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 0.04 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.

QLTA has an expense ratio of 0.15%, which is considered low.

QLTA ranks 36 for risk / return — below 36% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for iShares Aaa - A Rated Corporate Bond ETF (QLTA) and compare them to S&P 500 Index.

iShares Aaa - A Rated Corporate Bond ETF provided a 4.46% dividend yield over the last twelve months, with an annual payout of $2.12 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for iShares Aaa - A Rated Corporate Bond 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 Aaa - A 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 Aaa - A Rated Corporate Bond ETF was 22.27%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current iShares Aaa - A Rated Corporate Bond ETF drawdown is 3.23%.

The chart below shows the rolling one-month volatility.