Correlation
The correlation between JBK and LQD is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
JBK vs. LQD
Compare and contrast key facts about 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).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JBK or LQD.
Performance
JBK vs. LQD - Performance Comparison
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Key characteristics
JBK:
0.42
LQD:
0.78
JBK:
0.90
LQD:
1.12
JBK:
1.14
LQD:
1.14
JBK:
0.56
LQD:
0.41
JBK:
3.30
LQD:
2.08
JBK:
3.52%
LQD:
2.84%
JBK:
21.11%
LQD:
7.58%
JBK:
-58.27%
LQD:
-24.95%
JBK:
-7.05%
LQD:
-9.02%
Returns By Period
In the year-to-date period, JBK achieves a -1.28% return, which is significantly lower than LQD's 2.42% return. Over the past 10 years, JBK has outperformed LQD with an annualized return of 6.34%, while LQD has yielded a comparatively lower 2.61% annualized return.
JBK
-1.28%
-1.32%
0.41%
5.53%
5.44%
3.37%
6.34%
LQD
2.42%
0.56%
-0.32%
5.36%
2.13%
-0.62%
2.61%
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Risk-Adjusted Performance
JBK vs. LQD — Risk-Adjusted Performance Rank
JBK
LQD
JBK vs. LQD - Risk-Adjusted Performance 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.
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Dividends
JBK vs. LQD - Dividend Comparison
JBK's dividend yield for the trailing twelve months is around 6.23%, more than LQD's 4.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JBK Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6 04-6 A1 3.50 | 6.23% | 5.97% | 6.16% | 6.15% | 5.28% | 5.25% | 5.38% | 6.35% | 6.31% | 7.19% | 6.36% | 6.25% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.45% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% |
Drawdowns
JBK vs. LQD - Drawdown Comparison
The maximum JBK drawdown since its inception was -58.27%, 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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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 2.97% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 2.07%. 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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