IGLB vs. LQD
IGLB (iShares 10+ Year Investment Grade Corporate Bond ETF) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both Corporate Bonds funds from iShares - IGLB tracks the ICE BofAML10+ Year US Corporate Index while LQD tracks the iBoxx $ Liquid Investment Grade Index. Both are passively managed. Over the past 10 years, IGLB returned 2.20%/yr vs 2.46%/yr for LQD. Their correlation of 0.87 suggests significant overlap in exposure. IGLB charges 0.06%/yr vs 0.15%/yr for LQD.
Performance
IGLB vs. LQD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGLB achieves a 1.19% return, which is significantly higher than LQD's 0.61% return. Over the past 10 years, IGLB has underperformed LQD with an annualized return of 2.20%, while LQD has yielded a comparatively higher 2.46% annualized return.
IGLB
- 1D
- -0.42%
- 1M
- 1.36%
- YTD
- 1.19%
- 6M
- 1.21%
- 1Y
- 6.56%
- 3Y*
- 4.26%
- 5Y*
- -2.01%
- 10Y*
- 2.20%
LQD
- 1D
- -0.27%
- 1M
- 0.76%
- YTD
- 0.61%
- 6M
- 0.68%
- 1Y
- 5.23%
- 3Y*
- 4.88%
- 5Y*
- -0.24%
- 10Y*
- 2.46%
IGLB vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 1.19% | 7.53% | -1.50% | 11.03% | -25.38% | -1.68% | 13.30% | 23.19% | -6.90% | 12.15% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.61% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 7.06% |
Correlation
The correlation between IGLB and LQD is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2009 | 0.87 |
The correlation between IGLB and LQD shifts across timeframes, from 0.87 (all time) to 0.99 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGLB vs. LQD — Risk / Return Rank
IGLB
LQD
IGLB vs. LQD - Risk-Adjusted Trends 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.
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.
| IGLB | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.57 | -0.30 |
| Martin ratioReturn relative to average drawdown | 3.13 | 4.40 | -1.26 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| IGLB | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -24.95% | -9.17% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -3.34% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -12.87% | -8.43% | -4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | -24.95% | -9.17% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | -24.95% | -9.17% |
Current DrawdownCurrent decline from peak | -13.41% | -3.58% | -9.83% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -3.99% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 1.19% | +0.91% |
Volatility
IGLB vs. LQD - Volatility Comparison
iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) has a higher volatility of 1.89% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 1.43%. 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.
Loading charts...
Volatility by Period
| IGLB | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 1.43% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 5.80% | 3.99% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.76% | 5.33% | +2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.38% | 8.65% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.55% | 8.69% | +3.86% |
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%.
Dividends
IGLB vs. LQD - Dividend Comparison
IGLB's dividend yield for the trailing twelve months is around 5.24%, more than LQD's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 5.24% | 5.14% | 5.10% | 4.59% | 4.56% | 3.16% | 3.22% | 3.73% | 4.56% | 3.94% | 4.21% | 4.58% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.56% | 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
With a correlation of 0.99, IGLB and LQD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IGLB has higher volatility (1.89%) compared to LQD (1.43%). In terms of maximum drawdown, IGLB dropped -34.12% vs LQD's -24.95%.
On 10-year performance, LQD leads with 2.46% vs 2.20% for IGLB. On fees, IGLB is cheaper at 0.06% per year. On volatility, LQD has been the lower-risk option at 1.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, LQD has performed better with a 2.46% return vs 2.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGLB is cheaper with a 0.06% expense ratio, compared with 0.15% for LQD.
IGLB has the higher dividend yield at 5.24%, compared with 4.56% for LQD.
IGLB tracks ICE BofAML10+ Year US Corporate Index, while LQD tracks iBoxx $ Liquid Investment Grade Index. Their fees differ too: 0.06% for IGLB and 0.15% for LQD.
LQD currently has the higher Sharpe Ratio (0.99 vs 0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for IGLB and LQD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer