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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TOTR or LQD.
Key characteristics
| TOTR | LQD | |
|---|---|---|
| YTD Return | 2.43% | 1.86% |
| 1Y Return | 9.02% | 11.12% |
| 3Y Return (Ann) | -2.87% | -2.93% |
| Sharpe Ratio | 1.52 | 1.47 |
| Sortino Ratio | 2.25 | 2.17 |
| Omega Ratio | 1.28 | 1.26 |
| Calmar Ratio | 0.55 | 0.58 |
| Martin Ratio | 5.98 | 5.23 |
| Ulcer Index | 1.52% | 2.13% |
| Daily Std Dev | 5.98% | 7.59% |
| Max Drawdown | -19.63% | -24.95% |
| Current Drawdown | -9.01% | -10.29% |
Correlation
The correlation between TOTR and LQD is 0.90, 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.
Performance
TOTR vs. LQD - Performance Comparison
In the year-to-date period, TOTR achieves a 2.43% return, which is significantly higher than LQD's 1.86% 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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TOTR vs. LQD - Expense Ratio Comparison
TOTR has a 0.31% expense ratio, which is higher than LQD's 0.15% expense ratio.
Risk-Adjusted Performance
TOTR vs. LQD - Risk-Adjusted Performance 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.
Dividends
TOTR vs. LQD - Dividend Comparison
TOTR's dividend yield for the trailing twelve months is around 5.27%, more than LQD's 4.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOTR T. Rowe Price Total Return ETF | 5.27% | 4.71% | 3.45% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.39% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% | 3.83% |
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. For additional features, visit the drawdowns tool.
Volatility
TOTR vs. LQD - Volatility Comparison
The current volatility for T. Rowe Price Total Return ETF (TOTR) is 2.03%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 2.65%. 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.