JBK vs. LQD
JBK (Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6 04-6 A1 3.50) is a stock, while LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) is Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. Over the past 10 years, JBK returned 7.83%/yr vs 2.52%/yr for LQD. At a 0.04 correlation, their price movements are largely independent.
Performance
JBK vs. LQD - Performance Comparison
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Returns By Period
In the year-to-date period, JBK achieves a 3.66% return, which is significantly higher than LQD's 0.46% return. Over the past 10 years, JBK has outperformed LQD with an annualized return of 7.83%, while LQD has yielded a comparatively lower 2.52% annualized return.
JBK
- 1D
- -2.24%
- 1M
- -1.06%
- YTD
- 3.66%
- 6M
- 5.78%
- 1Y
- 9.29%
- 3Y*
- 7.73%
- 5Y*
- 1.99%
- 10Y*
- 7.83%
LQD
- 1D
- -0.28%
- 1M
- 0.72%
- YTD
- 0.46%
- 6M
- -0.03%
- 1Y
- 6.08%
- 3Y*
- 4.95%
- 5Y*
- -0.04%
- 10Y*
- 2.52%
JBK vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JBK Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6 04-6 A1 3.50 | 3.66% | 4.08% | 9.63% | 6.33% | -9.11% | 4.88% | 7.89% | 25.00% | 5.72% | 22.03% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.46% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 7.06% |
Correlation
The correlation between JBK and LQD is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2004 | 0.04 |
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Return for Risk
JBK vs. LQD — Risk / Return Rank
JBK
LQD
JBK vs. LQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6 04-6 A1 3.50 (JBK) 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.
| JBK | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.83 | -0.23 |
| Martin ratioReturn relative to average drawdown | 4.75 | 5.23 | -0.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JBK | LQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.14 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | -0.01 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.29 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.54 | -0.26 |
Drawdowns
JBK vs. LQD - Drawdown Comparison
The maximum JBK drawdown since its inception was -59.76%, which is greater than LQD's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for JBK and LQD.
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Drawdown Indicators
| JBK | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.76% | -24.95% | -34.81% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -3.34% | -2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -7.29% | -8.43% | +1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -23.30% | -24.95% | +1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | -24.95% | +1.18% |
Current DrawdownCurrent decline from peak | -5.83% | -3.72% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -3.99% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.17% | +0.79% |
Volatility
JBK vs. LQD - Volatility Comparison
Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6 04-6 A1 3.50 (JBK) has a higher volatility of 9.13% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 1.65%. This indicates that JBK'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.
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Volatility by Period
| JBK | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.13% | 1.65% | +7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.68% | 3.90% | +8.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 5.36% | +10.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.00% | 8.65% | +11.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.60% | 8.68% | +11.92% |
Dividends
JBK vs. LQD - Dividend Comparison
JBK's dividend yield for the trailing twelve months is around 6.06%, more than LQD's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JBK Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6 04-6 A1 3.50 | 6.06% | 6.10% | 5.97% | 6.16% | 6.15% | 5.28% | 5.25% | 5.38% | 6.34% | 6.31% | 7.19% | 6.36% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.57% | 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
JBK and LQD have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JBK has higher volatility (9.13%) compared to LQD (1.65%). In terms of maximum drawdown, JBK dropped -59.76% vs LQD's -24.95%.
LQD currently has the higher Sharpe Ratio (1.14 vs 0.60), 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.
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