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.
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
Key characteristics
LQIG:
0.89
^GSPC:
1.83
LQIG:
1.30
^GSPC:
2.47
LQIG:
1.15
^GSPC:
1.33
LQIG:
1.00
^GSPC:
2.76
LQIG:
2.55
^GSPC:
11.27
LQIG:
2.27%
^GSPC:
2.08%
LQIG:
6.48%
^GSPC:
12.79%
LQIG:
-11.86%
^GSPC:
-56.78%
LQIG:
-2.88%
^GSPC:
-0.07%
Returns By Period
In the year-to-date period, LQIG achieves a 1.54% return, which is significantly lower than ^GSPC's 3.96% return.
LQIG
1.54%
1.55%
-0.37%
5.28%
N/A
N/A
^GSPC
3.96%
1.97%
10.09%
22.16%
12.70%
11.33%
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Risk-Adjusted Performance
LQIG vs. ^GSPC — Risk-Adjusted Performance Rank
LQIG
^GSPC
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 1.73%, while S&P 500 (^GSPC) has a volatility of 3.21%. 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.