QLTA vs. ABNDX
Compare and contrast key facts about iShares Aaa - A Rated Corporate Bond ETF (QLTA) and American Funds The Bond Fund of America (ABNDX).
QLTA is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Corporate Aaa - A Capped Index. It was launched on Feb 14, 2012. ABNDX is managed by American Funds. It was launched on May 28, 1974.
Performance
QLTA vs. ABNDX - Performance Comparison
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QLTA vs. ABNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLTA iShares Aaa - A Rated Corporate Bond ETF | -0.32% | 7.36% | 1.23% | 7.60% | -15.14% | -2.32% | 9.62% | 12.54% | -2.27% | 5.69% |
ABNDX American Funds The Bond Fund of America | -0.85% | 7.16% | 1.17% | 4.34% | -13.24% | -1.33% | 10.72% | 7.83% | -0.12% | 3.21% |
Returns By Period
In the year-to-date period, QLTA achieves a -0.32% return, which is significantly higher than ABNDX's -0.85% return. Over the past 10 years, QLTA has outperformed ABNDX with an annualized return of 2.09%, while ABNDX has yielded a comparatively lower 1.67% annualized return.
QLTA
- 1D
- 0.51%
- 1M
- -1.78%
- YTD
- -0.32%
- 6M
- 0.33%
- 1Y
- 4.58%
- 3Y*
- 3.95%
- 5Y*
- 0.23%
- 10Y*
- 2.09%
ABNDX
- 1D
- 0.45%
- 1M
- -2.51%
- YTD
- -0.85%
- 6M
- 0.16%
- 1Y
- 3.38%
- 3Y*
- 2.95%
- 5Y*
- -0.21%
- 10Y*
- 1.67%
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QLTA vs. ABNDX - Expense Ratio Comparison
QLTA has a 0.15% expense ratio, which is lower than ABNDX's 0.55% expense ratio.
Return for Risk
QLTA vs. ABNDX — Risk / Return Rank
QLTA
ABNDX
QLTA vs. ABNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Aaa - A Rated Corporate Bond ETF (QLTA) and American Funds The Bond Fund of America (ABNDX). 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.
| QLTA | ABNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.90 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.30 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.53 | +0.17 |
Martin ratioReturn relative to average drawdown | 5.04 | 4.38 | +0.65 |
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
| QLTA | ABNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.90 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | -0.04 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.35 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.00 | -0.61 |
Correlation
The correlation between QLTA and ABNDX is 0.82, 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.
Dividends
QLTA vs. ABNDX - Dividend Comparison
QLTA's dividend yield for the trailing twelve months is around 4.38%, more than ABNDX's 3.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLTA iShares Aaa - A Rated Corporate Bond ETF | 4.38% | 4.33% | 4.11% | 3.39% | 2.79% | 1.96% | 2.31% | 2.99% | 3.09% | 2.67% | 2.59% | 2.99% |
ABNDX American Funds The Bond Fund of America | 3.80% | 4.13% | 4.30% | 3.24% | 2.17% | 1.62% | 5.03% | 3.49% | 2.38% | 1.84% | 1.77% | 2.00% |
Drawdowns
QLTA vs. ABNDX - Drawdown Comparison
The maximum QLTA drawdown since its inception was -22.27%, which is greater than ABNDX's maximum drawdown of -18.18%. Use the drawdown chart below to compare losses from any high point for QLTA and ABNDX.
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Drawdown Indicators
| QLTA | ABNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.27% | -18.18% | -4.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.94% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -21.36% | -18.15% | -3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -22.27% | -18.18% | -4.09% |
Current DrawdownCurrent decline from peak | -4.02% | -3.99% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -3.22% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.02% | -0.07% |
Volatility
QLTA vs. ABNDX - Volatility Comparison
iShares Aaa - A Rated Corporate Bond ETF (QLTA) has a higher volatility of 2.20% compared to American Funds The Bond Fund of America (ABNDX) at 1.51%. This indicates that QLTA's price experiences larger fluctuations and is considered to be riskier than ABNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLTA | ABNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.51% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 2.47% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.33% | 4.37% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.22% | 5.91% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.02% | 4.86% | +2.16% |