LQDW vs. QCON

Last updated Jun 4, 2026

LQDW (iShares Investment Grade Corporate Bond Buywrite Strategy ETF) and QCON (American Century Quality Convertible Securities ETF) are both Corporate Bonds funds. LQDW is passively managed, while QCON is actively managed. LQDW charges 0.34%/yr vs 0.32%/yr for QCON.

Performance

LQDW vs. QCON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) and American Century Quality Convertible Securities ETF (QCON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LQDW

• 1D: -0.20%
• 1M: 0.83%
• YTD: 1.25%
• 6M: 1.65%
• 1Y: 6.49%
• 3Y*: 3.79%
• 5Y*: —
• 10Y*: —

QCON

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LQDW vs. QCON - Yearly Performance Comparison

	2026 (YTD)
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF	0.46%
QCON American Century Quality Convertible Securities ETF	0.00%

Return for Risk

LQDW vs. QCON — Risk / Return Rank

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

LQDW

LQDW Risk / Return Rank: 54
LQDW Sharpe Ratio Rank: 53
LQDW Sortino Ratio Rank: 53
LQDW Omega Ratio Rank: 61
LQDW Calmar Ratio Rank: 50
LQDW Martin Ratio Rank: 54

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.

LQDW vs. QCON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) and American Century Quality Convertible Securities ETF (QCON). 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.

	LQDW	QCON	Difference
Sharpe ratio Return per unit of total volatility	1.85	—	—
Sortino ratio Return per unit of downside risk	2.62	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	2.51	—	—
Martin ratio Return relative to average drawdown	9.39	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LQDW	QCON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	—	—

Drawdowns

LQDW vs. QCON - Drawdown Comparison

The maximum LQDW drawdown since its inception was -9.20%, which is greater than QCON's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for LQDW and QCON.

Drawdown Indicators

	LQDW	QCON	Difference
Max Drawdown Largest peak-to-trough decline	-9.20%	0.00%	-9.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.74%	—	—
Current Drawdown Current decline from peak	-0.35%	0.00%	-0.35%
Average Drawdown Average peak-to-trough decline	-2.35%	0.00%	-2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	—	—

Volatility

Volatility by Period

	LQDW	QCON	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	0.00%	+3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.49%	0.00%	+5.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.49%	0.00%	+5.49%

LQDW vs. QCON - Expense Ratio Comparison

LQDW has a 0.34% expense ratio, which is higher than QCON's 0.32% expense ratio.

Dividends

LQDW vs. QCON - Dividend Comparison

LQDW's dividend yield for the trailing twelve months is around 12.57%, while QCON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF	12.57%	16.02%	15.74%	19.28%	8.85%
QCON American Century Quality Convertible Securities ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, LQDW or QCON?

On fees, QCON is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LQDW or QCON?

QCON is cheaper with a 0.32% expense ratio, compared with 0.34% for LQDW.

Which ETF pays a higher dividend yield, LQDW or QCON?

LQDW has the higher dividend yield at 12.57%, compared with 0.00% for QCON.

What is the main difference between LQDW and QCON?

They also come from different issuers: iShares and American Century. Their fees differ too: 0.34% for LQDW and 0.32% for QCON.