LQIG vs. ^GSPC
Compare and contrast key facts about SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) and S&P 500 (^GSPC).
LQIG is a passively managed fund by SPDR that tracks the performance of the MarketAxess U.S. Investment Grade 400 Corporate Bond Index - Benchmark TR Gross. It was launched on May 11, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQIG or ^GSPC.
Key characteristics
| LQIG | ^GSPC | |
|---|---|---|
| YTD Return | 3.45% | 25.82% |
| 1Y Return | 11.93% | 35.92% |
| Sharpe Ratio | 1.78 | 3.08 |
| Sortino Ratio | 2.64 | 4.10 |
| Omega Ratio | 1.31 | 1.58 |
| Calmar Ratio | 2.57 | 4.48 |
| Martin Ratio | 6.98 | 20.05 |
| Ulcer Index | 1.79% | 1.90% |
| Daily Std Dev | 7.01% | 12.28% |
| Max Drawdown | -11.86% | -56.78% |
| Current Drawdown | -2.53% | 0.00% |
Correlation
The correlation between LQIG and ^GSPC is 0.36, 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.
Performance
LQIG vs. ^GSPC - Performance Comparison
In the year-to-date period, LQIG achieves a 3.45% return, which is significantly lower than ^GSPC's 25.82% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
LQIG vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) and S&P 500 (^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.
Drawdowns
LQIG vs. ^GSPC - Drawdown Comparison
The maximum LQIG drawdown since its inception was -11.86%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for LQIG and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
LQIG vs. ^GSPC - Volatility Comparison
The current volatility for SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) is 2.38%, while S&P 500 (^GSPC) has a volatility of 3.89%. This indicates that LQIG 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.