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 | 5.74% | 17.79% |
| 1Y Return | 13.43% | 26.42% |
| Sharpe Ratio | 1.72 | 2.06 |
| Daily Std Dev | 7.63% | 12.69% |
| Max Drawdown | -11.86% | -56.78% |
| Current Drawdown | -0.38% | -0.86% |
Correlation
The correlation between LQIG and ^GSPC is 0.37, 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 5.74% return, which is significantly lower than ^GSPC's 17.79% 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 1.42%, while S&P 500 (^GSPC) has a volatility of 3.99%. 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.