SPB vs. LQD
Compare and contrast key facts about Spectrum Brands Holdings, Inc. (SPB) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPB or LQD.
Correlation
The correlation between SPB and LQD is 0.06, 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
SPB vs. LQD - Performance Comparison
Key characteristics
SPB:
-0.18
LQD:
0.62
SPB:
-0.07
LQD:
0.92
SPB:
0.99
LQD:
1.11
SPB:
-0.19
LQD:
0.27
SPB:
-0.62
LQD:
1.69
SPB:
8.02%
LQD:
2.49%
SPB:
28.02%
LQD:
6.83%
SPB:
-78.86%
LQD:
-24.95%
SPB:
-22.39%
LQD:
-10.20%
Returns By Period
In the year-to-date period, SPB achieves a -5.19% return, which is significantly lower than LQD's 1.09% return. Over the past 10 years, SPB has outperformed LQD with an annualized return of 2.80%, while LQD has yielded a comparatively lower 2.23% annualized return.
SPB
-5.19%
-6.35%
-10.56%
-0.50%
7.71%
2.80%
LQD
1.09%
1.14%
-1.83%
4.26%
-0.69%
2.23%
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Risk-Adjusted Performance
SPB vs. LQD — Risk-Adjusted Performance Rank
SPB
LQD
SPB vs. LQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spectrum Brands Holdings, Inc. (SPB) 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
SPB vs. LQD - Dividend Comparison
SPB's dividend yield for the trailing twelve months is around 2.24%, less than LQD's 4.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPB Spectrum Brands Holdings, Inc. | 2.24% | 2.05% | 2.11% | 2.76% | 1.65% | 2.13% | 2.61% | 4.12% | 1.61% | 1.58% | 1.58% | 3.15% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.41% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% |
Drawdowns
SPB vs. LQD - Drawdown Comparison
The maximum SPB drawdown since its inception was -78.86%, which is greater than LQD's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for SPB and LQD. For additional features, visit the drawdowns tool.
Volatility
SPB vs. LQD - Volatility Comparison
Spectrum Brands Holdings, Inc. (SPB) has a higher volatility of 10.65% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 1.81%. This indicates that SPB'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.