LQD vs. SOXX

Last updated Apr 2, 2026

Compare and contrast key facts about iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and iShares Semiconductor ETF (SOXX).

LQD and SOXX 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. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both LQD and SOXX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

LQD vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

LQD vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF	-0.27%	7.90%	0.86%	9.40%	-17.92%	-1.84%	10.97%	17.37%	-3.79%	7.06%
SOXX iShares Semiconductor ETF	12.48%	40.74%	12.92%	67.12%	-35.09%	44.09%	52.72%	62.42%	-6.49%	39.79%

Returns By Period

In the year-to-date period, LQD achieves a -0.27% return, which is significantly lower than SOXX's 12.48% return. Over the past 10 years, LQD has underperformed SOXX with an annualized return of 2.63%, while SOXX has yielded a comparatively higher 28.39% annualized 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%

SOXX

• 1D: 3.01%
• 1M: -3.78%
• YTD: 12.48%
• 6M: 22.76%
• 1Y: 80.97%
• 3Y*: 32.61%
• 5Y*: 19.19%
• 10Y*: 28.39%

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

LQD vs. SOXX - Expense Ratio Comparison

LQD has a 0.15% expense ratio, which is lower than SOXX's 0.34% expense ratio.

SOXX

iShares Semiconductor ETF

LQD

iShares iBoxx $ Investment Grade Corporate Bond ETF

Return for Risk

LQD vs. SOXX — Risk / Return Rank

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

LQD

LQD Risk / Return Rank: 39
LQD Sharpe Ratio Rank: 35
LQD Sortino Ratio Rank: 32
LQD Omega Ratio Rank: 30
LQD Calmar Ratio Rank: 56
LQD Martin Ratio Rank: 42

SOXX

SOXX Risk / Return Rank: 92
SOXX Sharpe Ratio Rank: 90
SOXX Sortino Ratio Rank: 90
SOXX Omega Ratio Rank: 89
SOXX Calmar Ratio Rank: 96
SOXX Martin Ratio Rank: 95

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.

LQD vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and iShares Semiconductor ETF (SOXX). 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	SOXX	Difference
Sharpe ratio Return per unit of total volatility	0.70	2.03	-1.33
Sortino ratio Return per unit of downside risk	0.99	2.63	-1.64
Omega ratio Gain probability vs. loss probability	1.13	1.38	-0.24
Calmar ratio Return relative to maximum drawdown	1.48	4.44	-2.96
Martin ratio Return relative to average drawdown	4.06	16.46	-12.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LQD vs. SOXX - Sharpe Ratio Comparison

The current LQD Sharpe Ratio is 0.70, which is lower than the SOXX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of LQD and SOXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LQD	SOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	2.03	-1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.54	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.86	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.37	+0.17

Correlation

The correlation between LQD and SOXX is 0.01, 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. SOXX - Dividend Comparison

LQD's dividend yield for the trailing twelve months is around 4.56%, more than SOXX's 0.49% 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%
SOXX iShares Semiconductor ETF	0.49%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%

Drawdowns

LQD vs. SOXX - Drawdown Comparison

The maximum LQD drawdown since its inception was -24.95%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for LQD and SOXX.

Drawdown Indicators

	LQD	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-24.95%	-70.21%	+45.26%
Max Drawdown (1Y) Largest decline over 1 year	-3.38%	-18.27%	+14.89%
Max Drawdown (5Y) Largest decline over 5 years	-24.95%	-45.75%	+20.80%
Max Drawdown (10Y) Largest decline over 10 years	-24.95%	-45.75%	+20.80%
Current Drawdown Current decline from peak	-4.42%	-7.95%	+3.53%
Average Drawdown Average peak-to-trough decline	-3.99%	-20.10%	+16.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	4.92%	-3.69%

Volatility

LQD vs. SOXX - Volatility Comparison

The current volatility for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is 2.66%, while iShares Semiconductor ETF (SOXX) has a volatility of 12.83%. This indicates that LQD experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LQD	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	12.83%	-10.17%
Volatility (6M) Calculated over the trailing 6-month period	3.76%	26.41%	-22.65%
Volatility (1Y) Calculated over the trailing 1-year period	6.60%	40.12%	-33.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.65%	35.48%	-26.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.67%	32.98%	-24.31%