Correlation
The correlation between LQIG and ^GSPC is 0.27, 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.
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.
Performance
LQIG vs. ^GSPC - Performance Comparison
Loading data...
Key characteristics
LQIG:
0.81
^GSPC:
0.66
LQIG:
1.18
^GSPC:
0.94
LQIG:
1.15
^GSPC:
1.14
LQIG:
1.02
^GSPC:
0.60
LQIG:
2.29
^GSPC:
2.28
LQIG:
2.58%
^GSPC:
5.01%
LQIG:
7.25%
^GSPC:
19.77%
LQIG:
-11.86%
^GSPC:
-56.78%
LQIG:
-2.23%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, LQIG achieves a 2.22% return, which is significantly higher than ^GSPC's 0.51% return.
LQIG
2.22%
-0.09%
-0.31%
5.83%
2.30%
N/A
N/A
^GSPC
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Loading data...
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.
Loading data...
Volatility
LQIG vs. ^GSPC - Volatility Comparison
The current volatility for SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) is 1.98%, while S&P 500 (^GSPC) has a volatility of 4.77%. 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.
Loading data...