ANBAX vs. LQD
Compare and contrast key facts about American Funds Strategic Bond Fund (ANBAX) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
ANBAX is managed by American Funds. It was launched on Mar 18, 2016. LQD is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid Investment Grade Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANBAX or LQD.
Key characteristics
| ANBAX | LQD | |
|---|---|---|
| YTD Return | 0.06% | 1.86% |
| 1Y Return | 5.88% | 11.12% |
| 3Y Return (Ann) | -3.96% | -2.93% |
| 5Y Return (Ann) | 0.79% | 0.21% |
| Sharpe Ratio | 0.96 | 1.47 |
| Sortino Ratio | 1.49 | 2.17 |
| Omega Ratio | 1.18 | 1.26 |
| Calmar Ratio | 0.34 | 0.58 |
| Martin Ratio | 2.86 | 5.23 |
| Ulcer Index | 2.10% | 2.13% |
| Daily Std Dev | 6.23% | 7.59% |
| Max Drawdown | -19.33% | -24.95% |
| Current Drawdown | -12.60% | -10.29% |
Correlation
The correlation between ANBAX and LQD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ANBAX vs. LQD - Performance Comparison
In the year-to-date period, ANBAX achieves a 0.06% return, which is significantly lower than LQD's 1.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ANBAX vs. LQD - Expense Ratio Comparison
ANBAX has a 0.71% expense ratio, which is higher than LQD's 0.15% expense ratio.
Risk-Adjusted Performance
ANBAX vs. LQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Strategic Bond Fund (ANBAX) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ANBAX vs. LQD - Dividend Comparison
ANBAX's dividend yield for the trailing twelve months is around 3.08%, less than LQD's 4.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANBAX American Funds Strategic Bond Fund | 3.08% | 2.91% | 5.31% | 1.74% | 1.88% | 0.97% | 3.51% | 1.13% | 0.50% | 0.00% | 0.00% | 0.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.39% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% | 3.83% |
Drawdowns
ANBAX vs. LQD - Drawdown Comparison
The maximum ANBAX drawdown since its inception was -19.33%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for ANBAX and LQD. For additional features, visit the drawdowns tool.
Volatility
ANBAX vs. LQD - Volatility Comparison
The current volatility for American Funds Strategic Bond Fund (ANBAX) is 1.41%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 2.65%. This indicates that ANBAX experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.