LQD vs. BGLD
LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) and BGLD (FT Vest Gold Strategy Quarterly Buffer ETF) are both exchange-traded funds - LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index, while BGLD is a Defined Outcome fund actively managed by FT Vest. LQD is passively managed, while BGLD is actively managed. Over the past 5 years, LQD returned -0.21%/yr vs 10.64%/yr for BGLD. At a 0.30 correlation, their price movements are largely independent. LQD charges 0.15%/yr vs 0.91%/yr for BGLD.
Performance
LQD vs. BGLD - Performance Comparison
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Returns By Period
In the year-to-date period, LQD achieves a 0.82% return, which is significantly higher than BGLD's -2.58% return.
LQD
- 1D
- -0.06%
- 1M
- 0.80%
- YTD
- 0.82%
- 6M
- 1.24%
- 1Y
- 5.80%
- 3Y*
- 5.30%
- 5Y*
- -0.21%
- 10Y*
- 2.54%
BGLD
- 1D
- -0.02%
- 1M
- -3.90%
- YTD
- -2.58%
- 6M
- -3.54%
- 1Y
- 8.12%
- 3Y*
- 18.31%
- 5Y*
- 10.64%
- 10Y*
- —
LQD vs. BGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.82% | 7.90% | 0.86% | 9.40% | -17.92% | -0.55% |
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | -2.58% | 33.03% | 21.80% | 13.24% | -2.42% | -5.53% |
Correlation
The correlation between LQD and BGLD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.30 |
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Return for Risk
LQD vs. BGLD — Risk / Return Rank
LQD
BGLD
LQD vs. BGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and FT Vest Gold Strategy Quarterly Buffer ETF (BGLD). 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.
| LQD | BGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 0.79 | +0.76 |
| Martin ratioReturn relative to average drawdown | 4.37 | 2.37 | +2.00 |
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Drawdowns
LQD vs. BGLD - Drawdown Comparison
The maximum LQD drawdown since its inception was -24.95%, which is greater than BGLD's maximum drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for LQD and BGLD.
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Drawdown Indicators
| LQD | BGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.95% | -16.19% | -8.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -11.42% | +8.08% |
Max Drawdown (3Y)Largest decline over 3 years | -8.43% | -11.42% | +2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -15.42% | -9.53% |
Max Drawdown (10Y)Largest decline over 10 years | -24.95% | — | — |
Current DrawdownCurrent decline from peak | -3.37% | -9.90% | +6.53% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -3.67% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 3.82% | -2.63% |
Volatility
LQD vs. BGLD - Volatility Comparison
The current volatility for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is 1.78%, while FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) has a volatility of 4.02%. This indicates that LQD experiences smaller price fluctuations and is considered to be less risky than BGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQD | BGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 4.02% | -2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 10.61% | -6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.37% | 12.42% | -7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.65% | 10.09% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 9.99% | -1.30% |
LQD vs. BGLD - Expense Ratio Comparison
LQD has a 0.15% expense ratio, which is lower than BGLD's 0.91% expense ratio.
Dividends
LQD vs. BGLD - Dividend Comparison
LQD's dividend yield for the trailing twelve months is around 4.55%, less than BGLD's 45.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | 45.50% | 44.32% | 25.04% | 10.49% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.55% | 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
LQD and BGLD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGLD has higher volatility (4.02%) compared to LQD (1.78%). In terms of maximum drawdown, LQD dropped -24.95% vs BGLD's -16.19%.
On 5-year performance, BGLD leads with 10.64% vs -0.21% for LQD. On fees, LQD is cheaper at 0.15% per year. On volatility, LQD has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BGLD has performed better with a 10.64% return vs -0.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQD is cheaper with a 0.15% expense ratio, compared with 0.91% for BGLD.
BGLD has the higher dividend yield at 45.50%, compared with 4.55% for LQD.
LQD is categorized as Corporate Bonds, while BGLD is Defined Outcome. They also come from different issuers: iShares and FT Vest. Their fees differ too: 0.15% for LQD and 0.91% for BGLD.
LQD currently has the higher Sharpe Ratio (0.97 vs 0.73), 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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