LQDB vs. USIG
Compare and contrast key facts about iShares BBB Rated Corporate Bond ETF (LQDB) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG).
LQDB and USIG 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. USIG is a passively managed fund by iShares that tracks the performance of the ICE BofA US Corporate. It was launched on Jan 5, 2007. Both LQDB and USIG 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. USIG - Performance Comparison
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LQDB vs. USIG - 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% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | -0.29% | 7.86% | 2.56% | 8.71% | -15.30% | 1.97% |
Returns By Period
In the year-to-date period, LQDB achieves a -0.11% return, which is significantly higher than USIG's -0.29% return.
LQDB
- 1D
- 0.58%
- 1M
- -1.61%
- YTD
- -0.11%
- 6M
- 0.45%
- 1Y
- 5.15%
- 3Y*
- 4.99%
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- 0.51%
- 1M
- -1.80%
- YTD
- -0.29%
- 6M
- 0.41%
- 1Y
- 5.06%
- 3Y*
- 4.93%
- 5Y*
- 0.82%
- 10Y*
- 2.72%
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LQDB vs. USIG - Expense Ratio Comparison
LQDB has a 0.15% expense ratio, which is higher than USIG's 0.04% 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%.
Return for Risk
LQDB vs. USIG — Risk / Return Rank
LQDB
USIG
LQDB vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BBB Rated Corporate Bond ETF (LQDB) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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 | USIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 1.01 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.38 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.88 | -0.04 |
Martin ratioReturn relative to average drawdown | 5.69 | 5.84 | -0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LQDB | USIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.01 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.53 | -0.41 |
Correlation
The correlation between LQDB and USIG is 0.98, 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. USIG - Dividend Comparison
LQDB's dividend yield for the trailing twelve months is around 4.66%, which matches USIG's 4.68% 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% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.68% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Drawdowns
LQDB vs. USIG - Drawdown Comparison
The maximum LQDB drawdown since its inception was -21.63%, roughly equal to the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for LQDB and USIG.
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Drawdown Indicators
| LQDB | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -22.21% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -2.79% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -1.70% | -1.80% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -3.44% | -4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.90% | +0.02% |
Volatility
LQDB vs. USIG - Volatility Comparison
iShares BBB Rated Corporate Bond ETF (LQDB) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG) have volatilities of 2.13% and 2.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDB | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 2.10% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.89% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.05% | 5.05% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 6.83% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 6.82% | +0.11% |