VGAVX vs. LQD
Compare and contrast key facts about Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
VGAVX is managed by Vanguard. It was launched on May 31, 2013. 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: VGAVX or LQD.
Correlation
The correlation between VGAVX and LQD is 0.15, 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
VGAVX vs. LQD - Performance Comparison
Key characteristics
VGAVX:
1.74
LQD:
1.02
VGAVX:
2.55
LQD:
1.46
VGAVX:
1.33
LQD:
1.18
VGAVX:
0.79
LQD:
0.49
VGAVX:
6.97
LQD:
2.87
VGAVX:
1.30%
LQD:
2.68%
VGAVX:
5.21%
LQD:
7.55%
VGAVX:
-26.77%
LQD:
-24.95%
VGAVX:
-3.04%
LQD:
-8.99%
Returns By Period
In the year-to-date period, VGAVX achieves a 2.25% return, which is significantly lower than LQD's 2.46% return. Over the past 10 years, VGAVX has outperformed LQD with an annualized return of 2.91%, while LQD has yielded a comparatively lower 2.45% annualized return.
VGAVX
2.25%
0.16%
1.83%
9.23%
3.13%
2.91%
LQD
2.46%
0.16%
1.29%
7.59%
-0.26%
2.45%
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VGAVX vs. LQD - Expense Ratio Comparison
VGAVX 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
VGAVX vs. LQD — Risk-Adjusted Performance Rank
VGAVX
LQD
VGAVX vs. LQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX) 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
VGAVX vs. LQD - Dividend Comparison
VGAVX's dividend yield for the trailing twelve months is around 6.27%, more than LQD's 4.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGAVX Vanguard Emerging Markets Government Bond Index Fund Admiral Shares | 6.27% | 6.06% | 5.52% | 5.30% | 4.07% | 4.19% | 4.60% | 4.54% | 4.62% | 4.73% | 4.94% | 4.50% |
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
VGAVX vs. LQD - Drawdown Comparison
The maximum VGAVX drawdown since its inception was -26.77%, which is greater than LQD's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for VGAVX and LQD. For additional features, visit the drawdowns tool.
Volatility
VGAVX vs. LQD - Volatility Comparison
The current volatility for Vanguard Emerging Markets Government Bond Index Fund Admiral Shares (VGAVX) is 2.81%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 4.02%. This indicates that VGAVX 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.