LQDB vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about iShares BBB Rated Corporate Bond ETF (LQDB) and S&P 500 Index (^GSPC).

LQDB is a passively managed fund by iShares that tracks the performance of the iBoxx USD Liquid Investment Grade BBB 0+ Index . It was launched on May 18, 2021.

Performance

LQDB vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares BBB Rated Corporate Bond ETF (LQDB) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

LQDB vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LQDB iShares BBB Rated Corporate Bond ETF	-0.11%	7.50%	2.37%	9.60%	-15.51%	2.35%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	14.60%

Returns By Period

In the year-to-date period, LQDB achieves a -0.11% return, which is significantly higher than ^GSPC's -3.95% return.

LQDB

• 1D: -0.00%
• 1M: -1.39%
• YTD: -0.11%
• 6M: 0.19%
• 1Y: 4.84%
• 3Y*: 4.99%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

LQDB vs. ^GSPC — Risk / Return Rank

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

LQDB

LQDB Risk / Return Rank: 52
LQDB Sharpe Ratio Rank: 51
LQDB Sortino Ratio Rank: 46
LQDB Omega Ratio Rank: 45
LQDB Calmar Ratio Rank: 65
LQDB Martin Ratio Rank: 52

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

LQDB vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares BBB Rated Corporate Bond ETF (LQDB) and S&P 500 Index (^GSPC). 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.

	LQDB	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.97	0.92	+0.05
Sortino ratio Return per unit of downside risk	1.34	1.41	-0.08
Omega ratio Gain probability vs. loss probability	1.19	1.21	-0.03
Calmar ratio Return relative to maximum drawdown	1.81	1.41	+0.40
Martin ratio Return relative to average drawdown	5.55	6.61	-1.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LQDB vs. ^GSPC - Sharpe Ratio Comparison

The current LQDB Sharpe Ratio is 0.97, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of LQDB and ^GSPC, 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

	LQDB	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	0.92	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.46	-0.34

Correlation

The correlation between LQDB and ^GSPC is 0.30, 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.

Drawdowns

LQDB vs. ^GSPC - Drawdown Comparison

The maximum LQDB drawdown since its inception was -21.63%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for LQDB and ^GSPC.

Drawdown Indicators

	LQDB	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-21.63%	-56.78%	+35.15%
Max Drawdown (1Y) Largest decline over 1 year	-2.85%	-12.14%	+9.29%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-1.70%	-5.78%	+4.08%
Average Drawdown Average peak-to-trough decline	-8.17%	-10.75%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	2.60%	-1.67%

Volatility

LQDB vs. ^GSPC - Volatility Comparison

The current volatility for iShares BBB Rated Corporate Bond ETF (LQDB) is 2.12%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that LQDB experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LQDB	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	5.37%	-3.25%
Volatility (6M) Calculated over the trailing 6-month period	2.90%	9.55%	-6.65%
Volatility (1Y) Calculated over the trailing 1-year period	5.05%	18.33%	-13.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.93%	16.90%	-9.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.93%	18.05%	-11.12%