SLXX.L vs. LQD
Compare and contrast key facts about iShares Core £ Corp Bond UCITS ETF (SLXX.L) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
SLXX.L and LQD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLXX.L is a passively managed fund by iShares that tracks the performance of the Markit iBoxx GBP Liquid Corporates Large Cap Index. It was launched on Mar 29, 2004. 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 SLXX.L 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: SLXX.L or LQD.
Key characteristics
| SLXX.L | LQD | |
|---|---|---|
| YTD Return | 1.55% | 4.35% |
| 1Y Return | 10.97% | 16.89% |
| 3Y Return (Ann) | -3.15% | -2.14% |
| 5Y Return (Ann) | -1.04% | 0.70% |
| 10Y Return (Ann) | 2.25% | 2.65% |
| Sharpe Ratio | 1.82 | 2.04 |
| Sortino Ratio | 2.71 | 3.02 |
| Omega Ratio | 1.33 | 1.36 |
| Calmar Ratio | 0.48 | 0.71 |
| Martin Ratio | 7.20 | 8.30 |
| Ulcer Index | 1.52% | 1.92% |
| Daily Std Dev | 6.04% | 7.83% |
| Max Drawdown | -30.27% | -24.95% |
| Current Drawdown | -13.69% | -8.09% |
Correlation
The correlation between SLXX.L and LQD is 0.33, 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.
Performance
SLXX.L vs. LQD - Performance Comparison
In the year-to-date period, SLXX.L achieves a 1.55% return, which is significantly lower than LQD's 4.35% return. Over the past 10 years, SLXX.L has underperformed LQD with an annualized return of 2.25%, while LQD has yielded a comparatively higher 2.65% 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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SLXX.L vs. LQD - Expense Ratio Comparison
SLXX.L has a 0.20% expense ratio, which is higher than LQD's 0.15% 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
SLXX.L vs. LQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core £ Corp Bond UCITS ETF (SLXX.L) 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
SLXX.L vs. LQD - Dividend Comparison
SLXX.L's dividend yield for the trailing twelve months is around 4.56%, more than LQD's 4.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLXX.L iShares Core £ Corp Bond UCITS ETF | 4.56% | 4.06% | 2.75% | 2.06% | 2.12% | 2.44% | 2.71% | 2.73% | 2.99% | 3.39% | 3.41% | 3.74% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.25% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% | 3.83% |
Drawdowns
SLXX.L vs. LQD - Drawdown Comparison
The maximum SLXX.L drawdown since its inception was -30.27%, which is greater than LQD's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for SLXX.L and LQD. For additional features, visit the drawdowns tool.
Volatility
SLXX.L vs. LQD - Volatility Comparison
iShares Core £ Corp Bond UCITS ETF (SLXX.L) has a higher volatility of 2.08% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 1.59%. This indicates that SLXX.L's price experiences larger fluctuations and is considered to be riskier than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.