LNC vs. SLQD

Last updated Jun 4, 2026

LNC (Lincoln National Corporation) is a stock, while SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) is Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index. Over the past 10 years, LNC returned 1.02%/yr vs 2.66%/yr for SLQD. At a correlation of -0.06, they often move in opposite directions.

Performance

LNC vs. SLQD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lincoln National Corporation (LNC) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LNC achieves a -22.93% return, which is significantly lower than SLQD's 0.84% return. Over the past 10 years, LNC has underperformed SLQD with an annualized return of 1.02%, while SLQD has yielded a comparatively higher 2.66% annualized return.

LNC

• 1D: -3.93%
• 1M: -9.18%
• YTD: -22.93%
• 6M: -18.13%
• 1Y: 5.84%
• 3Y*: 21.01%
• 5Y*: -9.49%
• 10Y*: 1.02%

SLQD

• 1D: -0.08%
• 1M: 0.24%
• YTD: 0.84%
• 6M: 1.16%
• 1Y: 4.46%
• 3Y*: 5.35%
• 5Y*: 2.52%
• 10Y*: 2.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LNC vs. SLQD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LNC Lincoln National Corporation	-22.93%	48.02%	24.78%	-5.55%	-53.53%	39.49%	-11.08%	17.95%	-31.98%	17.98%
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF	0.84%	6.27%	4.94%	5.98%	-4.38%	-0.61%	4.76%	6.09%	1.09%	2.12%

Correlation

The correlation between LNC and SLQD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Oct 18, 2013	-0.06

The correlation between LNC and SLQD shifts across timeframes, from -0.06 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LNC vs. SLQD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LNC

LNC Risk / Return Rank: 44
LNC Sharpe Ratio Rank: 47
LNC Sortino Ratio Rank: 41
LNC Omega Ratio Rank: 41
LNC Calmar Ratio Rank: 45
LNC Martin Ratio Rank: 45

SLQD

SLQD Risk / Return Rank: 88
SLQD Sharpe Ratio Rank: 88
SLQD Sortino Ratio Rank: 94
SLQD Omega Ratio Rank: 92
SLQD Calmar Ratio Rank: 80
SLQD Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LNC vs. SLQD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lincoln National Corporation (LNC) 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.

	LNC	SLQD	Difference
Sharpe ratio: Return per unit of total volatility	0.18	3.02	-2.84
Sortino ratio: Return per unit of downside risk	0.48	4.88	-4.41
Omega ratio: Gain probability vs. loss probability	1.06	1.62	-0.56
Calmar ratio: Return relative to maximum drawdown	0.20	4.22	-4.02
Martin ratio: Return relative to average drawdown	0.44	19.08	-18.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LNC vs. SLQD - Sharpe Ratio Comparison

The current LNC Sharpe Ratio is 0.18, which is lower than the SLQD Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of LNC and SLQD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LNC	SLQD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	3.02	-2.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.22	1.04	-1.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.02	0.85	-0.83
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.85	-0.70

Drawdowns

LNC vs. SLQD - Drawdown Comparison

The maximum LNC drawdown since its inception was -92.87%, which is greater than SLQD's maximum drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for LNC and SLQD.

Drawdown Indicators

	LNC	SLQD	Difference
Max Drawdown Largest peak-to-trough decline	-92.87%	-12.69%	-80.18%
Max Drawdown (1Y) Largest decline over 1 year	-29.13%	-1.06%	-28.07%
Max Drawdown (3Y) Largest decline over 3 years	-29.13%	-1.06%	-28.07%
Max Drawdown (5Y) Largest decline over 5 years	-73.14%	-7.63%	-65.51%
Max Drawdown (10Y) Largest decline over 10 years	-79.19%	-12.69%	-66.50%
Current Drawdown Current decline from peak	-44.60%	-0.13%	-44.47%
Average Drawdown Average peak-to-trough decline	-25.04%	-0.87%	-24.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.18%	0.23%	+12.95%

Volatility

LNC vs. SLQD - Volatility Comparison

Lincoln National Corporation (LNC) has a higher volatility of 9.08% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.46%. This indicates that LNC'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.

Volatility by Period

	LNC	SLQD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.08%	0.46%	+8.62%
Volatility (6M) Calculated over the trailing 6-month period	25.33%	1.09%	+24.24%
Volatility (1Y) Calculated over the trailing 1-year period	33.26%	1.49%	+31.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.02%	2.44%	+40.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.77%	3.14%	+43.63%

Dividends

LNC vs. SLQD - Dividend Comparison

LNC's dividend yield for the trailing twelve months is around 5.37%, more than SLQD's 4.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LNC Lincoln National Corporation	5.37%	4.04%	5.68%	6.67%	5.86%	2.46%	3.18%	2.51%	2.57%	1.51%	1.51%	1.59%
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF	4.32%	4.15%	3.71%	2.99%	2.00%	1.67%	2.34%	2.89%	2.55%	1.98%	1.81%	1.43%

Frequently Asked Questions

Can I hold both LNC and SLQD in my portfolio?

LNC and SLQD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LNC or SLQD?

LNC has higher volatility (9.08%) compared to SLQD (0.46%). In terms of maximum drawdown, LNC dropped -92.87% vs SLQD's -12.69%.

Which has better risk-adjusted returns?

SLQD currently has the higher Sharpe Ratio (3.02 vs 0.18), 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.