LQIG vs. SPY
Compare and contrast key facts about SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) and State Street SPDR S&P 500 ETF (SPY).
LQIG and SPY 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 State Street 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both LQIG and SPY 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
LQIG vs. SPY - Performance Comparison
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LQIG vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LQIG SPDR MarketAxess Investment Grade 400 Corporate Bond ETF | -0.27% | 7.62% | 1.52% | 9.46% | -3.25% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -1.25% |
Returns By Period
In the year-to-date period, LQIG achieves a -0.27% return, which is significantly higher than SPY's -3.65% return.
LQIG
- 1D
- -0.00%
- 1M
- -1.54%
- YTD
- -0.27%
- 6M
- -0.20%
- 1Y
- 4.49%
- 3Y*
- 4.41%
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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LQIG vs. SPY - Expense Ratio Comparison
LQIG has a 0.07% expense ratio, which is lower than SPY's 0.09% 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%.
Return for Risk
LQIG vs. SPY — Risk / Return Rank
LQIG
SPY
LQIG vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) and State Street SPDR S&P 500 ETF (SPY). 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.
| LQIG | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.96 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.49 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.53 | -0.09 |
Martin ratioReturn relative to average drawdown | 4.03 | 7.27 | -3.24 |
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
| LQIG | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.96 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.56 | -0.10 |
Correlation
The correlation between LQIG and SPY is 0.34, 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.
Dividends
LQIG vs. SPY - Dividend Comparison
LQIG's dividend yield for the trailing twelve months is around 5.08%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQIG SPDR MarketAxess Investment Grade 400 Corporate Bond ETF | 5.08% | 5.12% | 5.49% | 4.85% | 4.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
LQIG vs. SPY - Drawdown Comparison
The maximum LQIG drawdown since its inception was -11.86%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LQIG and SPY.
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Drawdown Indicators
| LQIG | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.86% | -55.19% | +43.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -12.05% | +8.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -2.02% | -5.53% | +3.51% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -9.09% | +6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 2.54% | -1.34% |
Volatility
LQIG vs. SPY - Volatility Comparison
The current volatility for SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) is 2.49%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that LQIG experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQIG | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 5.35% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 3.59% | 9.50% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.33% | 19.06% | -12.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.14% | 17.06% | -8.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 17.92% | -9.78% |