IBHD vs. LQD

Last updated Jul 12, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both exchange-traded funds - IBHD is a High Yield Bonds fund tracking the Bloomberg 2024 Term High Yield and Income Index, while LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. Both are passively managed. IBHD charges 0.35%/yr vs 0.15%/yr for LQD.

Performance

IBHD vs. LQD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHD

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LQD

• 1D: -0.23%
• 1M: -1.08%
• 6M: -0.67%
• YTD: -0.27%
• 1Y: 4.00%
• 3Y*: 4.82%
• 5Y*: -0.63%
• 10Y*: 2.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBHD vs. LQD - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF	-0.91%

Return for Risk

IBHD vs. LQD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBHD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

LQD

LQD Risk / Return Rank: 23
LQD Sharpe Ratio Rank: 22
LQD Sortino Ratio Rank: 20
LQD Omega Ratio Rank: 19
LQD Calmar Ratio Rank: 25
LQD Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBHD vs. LQD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IBHD	LQD	Difference
Sharpe ratio: Return per unit of total volatility	—	0.64	—
Sortino ratio: Return per unit of downside risk	—	0.95	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	1.01	—
Martin ratio: Return relative to average drawdown	—	2.81	—

Drawdowns

Drawdown Indicators

	IBHD	LQD	Difference
Max Drawdown Largest peak-to-trough decline	—	-24.95%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.34%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.95%	—
Current Drawdown Current decline from peak	—	-4.41%	—
Average Drawdown Average peak-to-trough decline	—	-3.99%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.21%	—

Volatility

Volatility by Period

	IBHD	LQD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	5.30%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	8.65%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	8.69%	—

IBHD vs. LQD - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is higher than LQD's 0.15% expense ratio.

Dividends

IBHD vs. LQD - Dividend Comparison

IBHD has not paid dividends to shareholders, while LQD's dividend yield for the trailing twelve months is around 4.60%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF	4.60%	4.48%	4.45%	3.99%	3.30%	2.30%	2.66%	3.29%	3.67%	3.10%	3.34%	3.47%

Frequently Asked Questions

Which ETF is better, IBHD or LQD?

On fees, LQD is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHD or LQD?

LQD is cheaper with a 0.15% expense ratio, compared with 0.35% for IBHD.

Which ETF pays a higher dividend yield, IBHD or LQD?

LQD has the higher dividend yield at 4.60%, compared with 0.00% for IBHD.

What is the main difference between IBHD and LQD?

IBHD is categorized as High Yield Bonds, while LQD is Corporate Bonds. IBHD tracks Bloomberg 2024 Term High Yield and Income Index, while LQD tracks iBoxx $ Liquid Investment Grade Index. Their fees differ too: 0.35% for IBHD and 0.15% for LQD.