SLQD vs. GVI
Compare and contrast key facts about iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and iShares Intermediate Government/Credit Bond ETF (GVI).
SLQD and GVI 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. GVI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Intermediate Government/Credit Bond Index. It was launched on Jan 11, 2007. Both SLQD and GVI 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 GVI.
Performance
SLQD vs. GVI - Performance Comparison
Returns By Period
In the year-to-date period, SLQD achieves a 4.46% return, which is significantly higher than GVI's 2.69% return. Over the past 10 years, SLQD has outperformed GVI with an annualized return of 2.23%, while GVI has yielded a comparatively lower 1.52% annualized return.
SLQD
4.46%
-0.04%
3.45%
6.72%
2.06%
2.23%
GVI
2.69%
-0.57%
3.00%
5.63%
0.67%
1.52%
Key characteristics
| SLQD | GVI | |
|---|---|---|
| Sharpe Ratio | 3.37 | 1.61 |
| Sortino Ratio | 5.56 | 2.41 |
| Omega Ratio | 1.74 | 1.29 |
| Calmar Ratio | 4.02 | 0.66 |
| Martin Ratio | 21.75 | 5.70 |
| Ulcer Index | 0.31% | 1.01% |
| Daily Std Dev | 2.02% | 3.58% |
| Max Drawdown | -12.69% | -12.93% |
| Current Drawdown | -0.60% | -3.36% |
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SLQD vs. GVI - Expense Ratio Comparison
SLQD has a 0.06% expense ratio, which is lower than GVI's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SLQD and GVI is 0.69, 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.
Risk-Adjusted Performance
SLQD vs. GVI - 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 iShares Intermediate Government/Credit Bond ETF (GVI). 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. GVI - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 3.60%, more than GVI's 3.32% 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% |
GVI iShares Intermediate Government/Credit Bond ETF | 3.32% | 2.75% | 1.86% | 1.46% | 1.84% | 2.29% | 2.16% | 1.91% | 1.77% | 1.75% | 1.72% | 1.77% |
Drawdowns
SLQD vs. GVI - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, roughly equal to the maximum GVI drawdown of -12.93%. Use the drawdown chart below to compare losses from any high point for SLQD and GVI. For additional features, visit the drawdowns tool.
Volatility
SLQD vs. GVI - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.51%, while iShares Intermediate Government/Credit Bond ETF (GVI) has a volatility of 0.85%. This indicates that SLQD experiences smaller price fluctuations and is considered to be less risky than GVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.