TOTR vs. LQD
Compare and contrast key facts about T. Rowe Price Total Return ETF (TOTR) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
TOTR and LQD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOTR is an actively managed fund by T. Rowe Price. It was launched on Sep 28, 2021. 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.
Performance
TOTR vs. LQD - Performance Comparison
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TOTR vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TOTR T. Rowe Price Total Return ETF | 0.08% | 7.41% | 2.43% | 6.27% | -15.88% | 0.14% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | -0.27% | 7.90% | 0.86% | 9.40% | -17.92% | 0.11% |
Returns By Period
In the year-to-date period, TOTR achieves a 0.08% return, which is significantly higher than LQD's -0.27% return.
TOTR
- 1D
- -0.01%
- 1M
- -1.26%
- YTD
- 0.08%
- 6M
- 1.03%
- 1Y
- 4.24%
- 3Y*
- 4.02%
- 5Y*
- —
- 10Y*
- —
LQD
- 1D
- 0.11%
- 1M
- -1.63%
- YTD
- -0.27%
- 6M
- -0.34%
- 1Y
- 4.61%
- 3Y*
- 4.30%
- 5Y*
- 0.11%
- 10Y*
- 2.63%
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TOTR vs. LQD - Expense Ratio Comparison
TOTR has a 0.31% expense ratio, which is higher than LQD's 0.15% expense ratio.
Return for Risk
TOTR vs. LQD — Risk / Return Rank
TOTR
LQD
TOTR vs. LQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return ETF (TOTR) 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.
| TOTR | LQD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 0.70 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.25 | 0.99 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.13 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.48 | -0.04 |
Martin ratioReturn relative to average drawdown | 4.85 | 4.06 | +0.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TOTR | LQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.70 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.54 | -0.59 |
Correlation
The correlation between TOTR and LQD is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TOTR vs. LQD - Dividend Comparison
TOTR's dividend yield for the trailing twelve months is around 5.33%, more than LQD's 4.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOTR T. Rowe Price Total Return ETF | 5.33% | 5.14% | 5.32% | 4.71% | 3.45% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.56% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
Drawdowns
TOTR vs. LQD - Drawdown Comparison
The maximum TOTR drawdown since its inception was -19.63%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for TOTR and LQD.
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Drawdown Indicators
| TOTR | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.63% | -24.95% | +5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -3.38% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | -2.19% | -4.42% | +2.23% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -3.99% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.23% | -0.29% |
Volatility
TOTR vs. LQD - Volatility Comparison
The current volatility for T. Rowe Price Total Return ETF (TOTR) is 1.76%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 2.66%. This indicates that TOTR experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOTR | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 2.66% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 3.76% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 6.60% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 8.65% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 8.67% | -2.37% |