IGLB vs. LQD
Compare and contrast key facts about iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
IGLB and LQD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGLB is a passively managed fund by iShares that tracks the performance of the ICE BofAML10+ Year US Corporate Index. It was launched on Dec 8, 2009. 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. Both IGLB and LQD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGLB or LQD.
Performance
IGLB vs. LQD - Performance Comparison
Returns By Period
Both investments have delivered pretty close results over the past 10 years, with IGLB having a 2.44% annualized return and LQD not far ahead at 2.48%.
IGLB
0.00%
-3.85%
3.06%
10.37%
-1.21%
2.44%
LQD
1.49%
-2.74%
3.22%
8.69%
0.13%
2.48%
Key characteristics
| IGLB | LQD | |
|---|---|---|
| Sharpe Ratio | 1.08 | 1.29 |
| Sortino Ratio | 1.57 | 1.89 |
| Omega Ratio | 1.18 | 1.22 |
| Calmar Ratio | 0.43 | 0.54 |
| Martin Ratio | 3.24 | 4.41 |
| Ulcer Index | 3.56% | 2.18% |
| Daily Std Dev | 10.74% | 7.42% |
| Max Drawdown | -34.12% | -24.95% |
| Current Drawdown | -19.20% | -10.62% |
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IGLB vs. LQD - Expense Ratio Comparison
IGLB has a 0.06% expense ratio, which is lower than LQD's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between IGLB and LQD is 0.86, 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.
Risk-Adjusted Performance
IGLB vs. LQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) 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
IGLB vs. LQD - Dividend Comparison
IGLB's dividend yield for the trailing twelve months is around 4.96%, more than LQD's 4.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 4.96% | 4.59% | 4.56% | 3.16% | 3.23% | 3.73% | 4.56% | 3.94% | 4.21% | 4.58% | 4.12% | 5.08% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.41% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% | 3.83% |
Drawdowns
IGLB vs. LQD - Drawdown Comparison
The maximum IGLB drawdown since its inception was -34.12%, which is greater than LQD's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for IGLB and LQD. For additional features, visit the drawdowns tool.
Volatility
IGLB vs. LQD - Volatility Comparison
iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) has a higher volatility of 3.73% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 2.49%. This indicates that IGLB's price experiences larger fluctuations and is considered to be riskier than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.