Correlation
The correlation between SPB and LQD is 0.07, 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.
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.
Performance
SPB vs. LQD - Performance Comparison
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Key characteristics
SPB:
-1.05
LQD:
0.78
SPB:
-1.63
LQD:
1.12
SPB:
0.80
LQD:
1.14
SPB:
-0.78
LQD:
0.41
SPB:
-1.99
LQD:
2.08
SPB:
17.36%
LQD:
2.84%
SPB:
31.08%
LQD:
7.58%
SPB:
-78.86%
LQD:
-24.95%
SPB:
-43.23%
LQD:
-9.02%
Returns By Period
In the year-to-date period, SPB achieves a -30.65% return, which is significantly lower than LQD's 2.42% return. Over the past 10 years, SPB has underperformed LQD with an annualized return of -1.05%, while LQD has yielded a comparatively higher 2.61% annualized return.
SPB
-30.65%
-7.66%
-36.28%
-34.07%
-10.89%
6.46%
-1.05%
LQD
2.42%
0.56%
-0.32%
5.36%
2.13%
-0.62%
2.61%
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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.
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Dividends
SPB vs. LQD - Dividend Comparison
SPB's dividend yield for the trailing twelve months is around 3.17%, less than LQD's 4.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPB Spectrum Brands Holdings, Inc. | 3.17% | 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 | 4.45% | 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.
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Volatility
SPB vs. LQD - Volatility Comparison
Spectrum Brands Holdings, Inc. (SPB) has a higher volatility of 13.24% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 2.07%. 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.
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