LQDB vs. SPHY
Compare and contrast key facts about iShares BBB Rated Corporate Bond ETF (LQDB) and SPDR Portfolio High Yield Bond ETF (SPHY).
LQDB and SPHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012. Both LQDB and SPHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQDB or SPHY.
Correlation
The correlation between LQDB and SPHY is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
LQDB vs. SPHY - Performance Comparison
Key characteristics
LQDB:
1.08
SPHY:
2.57
LQDB:
1.56
SPHY:
3.78
LQDB:
1.19
SPHY:
1.49
LQDB:
0.45
SPHY:
4.43
LQDB:
3.45
SPHY:
18.36
LQDB:
1.63%
SPHY:
0.55%
LQDB:
5.21%
SPHY:
3.95%
LQDB:
-21.63%
SPHY:
-21.97%
LQDB:
-6.11%
SPHY:
-0.13%
Returns By Period
In the year-to-date period, LQDB achieves a 1.59% return, which is significantly lower than SPHY's 1.81% return.
LQDB
1.59%
1.24%
-0.08%
5.78%
N/A
N/A
SPHY
1.81%
0.65%
3.59%
9.95%
4.43%
4.54%
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LQDB vs. SPHY - Expense Ratio Comparison
LQDB has a 0.15% expense ratio, which is higher than SPHY's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
LQDB vs. SPHY — Risk-Adjusted Performance Rank
LQDB
SPHY
LQDB vs. SPHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BBB Rated Corporate Bond ETF (LQDB) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.
Dividends
LQDB vs. SPHY - Dividend Comparison
LQDB's dividend yield for the trailing twelve months is around 4.46%, less than SPHY's 7.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDB iShares BBB Rated Corporate Bond ETF | 4.46% | 4.46% | 3.90% | 3.25% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.68% | 7.80% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% |
Drawdowns
LQDB vs. SPHY - Drawdown Comparison
The maximum LQDB drawdown since its inception was -21.63%, roughly equal to the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for LQDB and SPHY. For additional features, visit the drawdowns tool.
Volatility
LQDB vs. SPHY - Volatility Comparison
iShares BBB Rated Corporate Bond ETF (LQDB) has a higher volatility of 1.31% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.83%. This indicates that LQDB's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.