ISDB vs. SLQD
Compare and contrast key facts about Invesco Short Duration Bond ETF (ISDB) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD).
ISDB and SLQD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISDB is an actively managed fund by Invesco. It was launched on Dec 5, 2022. SLQD is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade 0-5 Index. It was launched on Oct 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ISDB or SLQD.
Performance
ISDB vs. SLQD - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with ISDB having a 4.46% return and SLQD slightly lower at 4.42%.
ISDB
4.46%
-0.51%
2.94%
6.78%
N/A
N/A
SLQD
4.42%
-0.28%
3.34%
6.77%
2.06%
2.22%
Key characteristics
| ISDB | SLQD | |
|---|---|---|
| Sharpe Ratio | 3.66 | 3.40 |
| Sortino Ratio | 5.97 | 5.61 |
| Omega Ratio | 1.84 | 1.74 |
| Calmar Ratio | 7.06 | 3.87 |
| Martin Ratio | 25.87 | 22.09 |
| Ulcer Index | 0.26% | 0.31% |
| Daily Std Dev | 1.85% | 2.02% |
| Max Drawdown | -1.44% | -12.69% |
| Current Drawdown | -0.82% | -0.64% |
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ISDB vs. SLQD - Expense Ratio Comparison
ISDB has a 0.36% expense ratio, which is higher than SLQD's 0.06% expense ratio.
Correlation
The correlation between ISDB and SLQD is 0.87, 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
ISDB vs. SLQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration Bond ETF (ISDB) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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
ISDB vs. SLQD - Dividend Comparison
ISDB's dividend yield for the trailing twelve months is around 5.08%, more than SLQD's 3.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISDB Invesco Short Duration Bond ETF | 5.08% | 5.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 3.60% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.56% | 1.98% | 1.81% | 1.43% | 1.24% | 0.23% |
Drawdowns
ISDB vs. SLQD - Drawdown Comparison
The maximum ISDB drawdown since its inception was -1.44%, smaller than the maximum SLQD drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for ISDB and SLQD. For additional features, visit the drawdowns tool.
Volatility
ISDB vs. SLQD - Volatility Comparison
Invesco Short Duration Bond ETF (ISDB) has a higher volatility of 0.57% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.51%. This indicates that ISDB's price experiences larger fluctuations and is considered to be riskier than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.