LQD vs. CLOI
Compare and contrast key facts about iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and VanEck CLO ETF (CLOI).
LQD and CLOI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CLOI is an actively managed fund by VanEck. It was launched on Jun 21, 2022.
Performance
LQD vs. CLOI - Performance Comparison
Loading graphics...
LQD vs. CLOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | -0.27% | 7.90% | 0.86% | 9.40% | -2.14% |
CLOI VanEck CLO ETF | 0.62% | 5.84% | 8.26% | 8.95% | 2.59% |
Returns By Period
In the year-to-date period, LQD achieves a -0.27% return, which is significantly lower than CLOI's 0.62% return.
LQD
- 1D
- 0.11%
- 1M
- -1.63%
- YTD
- -0.27%
- 6M
- -0.34%
- 1Y
- 4.61%
- 3Y*
- 4.30%
- 5Y*
- 0.11%
- 10Y*
- 2.63%
CLOI
- 1D
- 0.00%
- 1M
- 0.02%
- YTD
- 0.62%
- 6M
- 1.95%
- 1Y
- 4.80%
- 3Y*
- 7.09%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LQD vs. CLOI - Expense Ratio Comparison
LQD has a 0.15% expense ratio, which is lower than CLOI's 0.40% expense ratio.
Return for Risk
LQD vs. CLOI — Risk / Return Rank
LQD
CLOI
LQD vs. CLOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and VanEck CLO ETF (CLOI). 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.
| LQD | CLOI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.17 | -0.47 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.47 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.43 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.66 | -0.18 |
Martin ratioReturn relative to average drawdown | 4.06 | 12.89 | -8.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| LQD | CLOI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.17 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 2.68 | -2.14 |
Correlation
The correlation between LQD and CLOI is 0.07, 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.
Dividends
LQD vs. CLOI - Dividend Comparison
LQD's dividend yield for the trailing twelve months is around 4.56%, less than CLOI's 5.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.56% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
CLOI VanEck CLO ETF | 5.48% | 5.61% | 6.71% | 5.61% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LQD vs. CLOI - Drawdown Comparison
The maximum LQD drawdown since its inception was -24.95%, which is greater than CLOI's maximum drawdown of -3.25%. Use the drawdown chart below to compare losses from any high point for LQD and CLOI.
Loading graphics...
Drawdown Indicators
| LQD | CLOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.95% | -3.25% | -21.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -3.00% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.95% | — | — |
Current DrawdownCurrent decline from peak | -4.42% | -0.13% | -4.29% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -0.19% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 0.42% | +0.81% |
Volatility
LQD vs. CLOI - Volatility Comparison
iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a higher volatility of 2.66% compared to VanEck CLO ETF (CLOI) at 0.44%. This indicates that LQD's price experiences larger fluctuations and is considered to be riskier than CLOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| LQD | CLOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 0.44% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 0.74% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 4.16% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.65% | 2.61% | +6.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.67% | 2.61% | +6.06% |