LQIG vs. LQD
Compare and contrast key facts about SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
LQIG and LQD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. LQD is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid Investment Grade Index. It was launched on Jul 26, 2002. Both LQIG and LQD 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: LQIG or LQD.
Correlation
The correlation between LQIG and LQD is 0.99, 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.
Performance
LQIG vs. LQD - Performance Comparison
Key characteristics
LQIG:
0.71
LQD:
0.62
LQIG:
1.05
LQD:
0.92
LQIG:
1.12
LQD:
1.11
LQIG:
0.80
LQD:
0.27
LQIG:
2.02
LQD:
1.69
LQIG:
2.29%
LQD:
2.49%
LQIG:
6.48%
LQD:
6.83%
LQIG:
-11.86%
LQD:
-24.95%
LQIG:
-3.21%
LQD:
-10.20%
Returns By Period
In the year-to-date period, LQIG achieves a 1.19% return, which is significantly higher than LQD's 1.09% return.
LQIG
1.19%
1.20%
-1.37%
4.62%
N/A
N/A
LQD
1.09%
1.14%
-1.83%
4.26%
-0.69%
2.23%
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LQIG vs. LQD - Expense Ratio Comparison
LQIG has a 0.07% expense ratio, which is lower than LQD's 0.15% expense ratio. Despite the difference, 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
LQIG vs. LQD — Risk-Adjusted Performance Rank
LQIG
LQD
LQIG vs. LQD - 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 iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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
LQIG vs. LQD - Dividend Comparison
LQIG's dividend yield for the trailing twelve months is around 5.43%, more than LQD's 4.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQIG SPDR MarketAxess Investment Grade 400 Corporate Bond ETF | 5.43% | 5.48% | 4.85% | 4.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.41% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% |
Drawdowns
LQIG vs. LQD - Drawdown Comparison
The maximum LQIG drawdown since its inception was -11.86%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for LQIG and LQD. For additional features, visit the drawdowns tool.
Volatility
LQIG vs. LQD - Volatility Comparison
SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) have volatilities of 1.79% and 1.81%, 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.