LQDB vs. TLT
Compare and contrast key facts about iShares BBB Rated Corporate Bond ETF (LQDB) and iShares 20+ Year Treasury Bond ETF (TLT).
LQDB and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002. Both LQDB and TLT 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
LQDB vs. TLT - Performance Comparison
Loading graphics...
LQDB vs. TLT - 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% |
TLT iShares 20+ Year Treasury Bond ETF | 0.17% | 4.25% | -8.05% | 2.77% | -31.23% | 9.08% |
Returns By Period
In the year-to-date period, LQDB achieves a -0.11% return, which is significantly lower than TLT's 0.17% return.
LQDB
- 1D
- 0.58%
- 1M
- -1.61%
- YTD
- -0.11%
- 6M
- 0.45%
- 1Y
- 5.15%
- 3Y*
- 4.99%
- 5Y*
- —
- 10Y*
- —
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LQDB vs. TLT - Expense Ratio Comparison
Both LQDB and TLT have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
LQDB vs. TLT — Risk / Return Rank
LQDB
TLT
LQDB vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BBB Rated Corporate Bond ETF (LQDB) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | -0.04 | +1.07 |
Sortino ratioReturn per unit of downside risk | 1.42 | 0.02 | +1.40 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.00 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 0.05 | +1.79 |
Martin ratioReturn relative to average drawdown | 5.69 | 0.11 | +5.57 |
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
| LQDB | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | -0.04 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.26 | -0.14 |
Correlation
The correlation between LQDB and TLT is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LQDB vs. TLT - Dividend Comparison
LQDB's dividend yield for the trailing twelve months is around 4.66%, more than TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDB iShares BBB Rated Corporate Bond ETF | 4.66% | 4.65% | 4.46% | 3.90% | 4.14% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
LQDB vs. TLT - Drawdown Comparison
The maximum LQDB drawdown since its inception was -21.63%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for LQDB and TLT.
Loading graphics...
Drawdown Indicators
| LQDB | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -48.35% | +26.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -9.23% | +6.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -1.70% | -40.17% | +38.47% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -13.62% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 4.38% | -3.46% |
Volatility
LQDB vs. TLT - Volatility Comparison
The current volatility for iShares BBB Rated Corporate Bond ETF (LQDB) is 2.13%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.71%. This indicates that LQDB experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| LQDB | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 3.71% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 6.61% | -3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.05% | 11.44% | -6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 15.90% | -8.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 14.93% | -8.00% |