SLQD vs. BND
Compare and contrast key facts about iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and Vanguard Total Bond Market ETF (BND).
SLQD and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLQD is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade 0-5 Index. It was launched on Oct 15, 2013. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both SLQD and BND 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: SLQD or BND.
Key characteristics
| SLQD | BND | |
|---|---|---|
| YTD Return | 4.38% | 1.59% |
| 1Y Return | 7.43% | 7.87% |
| 3Y Return (Ann) | 1.88% | -2.37% |
| 5Y Return (Ann) | 2.04% | -0.27% |
| 10Y Return (Ann) | 2.23% | 1.41% |
| Sharpe Ratio | 3.55 | 1.34 |
| Sortino Ratio | 6.02 | 1.98 |
| Omega Ratio | 1.80 | 1.24 |
| Calmar Ratio | 3.07 | 0.50 |
| Martin Ratio | 25.10 | 4.75 |
| Ulcer Index | 0.30% | 1.65% |
| Daily Std Dev | 2.10% | 5.84% |
| Max Drawdown | -12.69% | -18.84% |
| Current Drawdown | -0.68% | -9.17% |
Correlation
The correlation between SLQD and BND is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SLQD vs. BND - Performance Comparison
In the year-to-date period, SLQD achieves a 4.38% return, which is significantly higher than BND's 1.59% return. Over the past 10 years, SLQD has outperformed BND with an annualized return of 2.23%, while BND has yielded a comparatively lower 1.41% annualized 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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SLQD vs. BND - Expense Ratio Comparison
SLQD has a 0.06% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SLQD vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and Vanguard Total Bond Market ETF (BND). 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
SLQD vs. BND - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 3.60%, which matches BND's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 3.60% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.56% | 1.98% | 1.81% | 1.43% | 1.24% | 0.23% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
SLQD vs. BND - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for SLQD and BND. For additional features, visit the drawdowns tool.
Volatility
SLQD vs. BND - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.54%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.77%. This indicates that SLQD experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.