QLTA vs. LQD
Compare and contrast key facts about iShares Aaa - A Rated Corporate Bond ETF (QLTA) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
QLTA and LQD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLTA is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Corporate Aaa - A Capped Index. It was launched on Feb 14, 2012. LQD is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid Investment Grade Index. It was launched on Jul 26, 2002. Both QLTA and LQD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLTA or LQD.
Correlation
The correlation between QLTA and LQD is 0.89, 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.
Performance
QLTA vs. LQD - Performance Comparison
Key characteristics
QLTA:
0.80
LQD:
0.71
QLTA:
1.17
LQD:
1.05
QLTA:
1.14
LQD:
1.12
QLTA:
0.31
LQD:
0.31
QLTA:
2.11
LQD:
1.94
QLTA:
2.14%
LQD:
2.50%
QLTA:
5.65%
LQD:
6.83%
QLTA:
-22.27%
LQD:
-24.95%
QLTA:
-9.30%
LQD:
-9.99%
Returns By Period
In the year-to-date period, QLTA achieves a 1.12% return, which is significantly lower than LQD's 1.33% return. Over the past 10 years, QLTA has underperformed LQD with an annualized return of 1.88%, while LQD has yielded a comparatively higher 2.22% annualized return.
QLTA
1.12%
0.74%
-0.84%
4.43%
-0.53%
1.88%
LQD
1.33%
0.80%
-1.18%
4.77%
-0.64%
2.22%
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QLTA vs. LQD - Expense Ratio Comparison
Both QLTA and LQD have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
QLTA vs. LQD — Risk-Adjusted Performance Rank
QLTA
LQD
QLTA vs. LQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Aaa - A Rated Corporate Bond ETF (QLTA) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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.
Dividends
QLTA vs. LQD - Dividend Comparison
QLTA's dividend yield for the trailing twelve months is around 4.10%, less than LQD's 4.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLTA iShares Aaa - A Rated Corporate Bond ETF | 4.10% | 4.11% | 3.39% | 2.79% | 1.96% | 2.31% | 2.99% | 3.09% | 2.67% | 2.59% | 2.99% | 2.32% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.40% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% |
Drawdowns
QLTA vs. LQD - Drawdown Comparison
The maximum QLTA drawdown since its inception was -22.27%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for QLTA and LQD. For additional features, visit the drawdowns tool.
Volatility
QLTA vs. LQD - Volatility Comparison
The current volatility for iShares Aaa - A Rated Corporate Bond ETF (QLTA) is 1.45%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 1.74%. This indicates that QLTA experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.