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 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VGAVX vs. LQD - Performance Comparison
Key characteristics
VGAVX:
1.94
LQD:
0.71
VGAVX:
2.86
LQD:
1.05
VGAVX:
1.36
LQD:
1.12
VGAVX:
0.79
LQD:
0.31
VGAVX:
7.57
LQD:
1.94
VGAVX:
1.25%
LQD:
2.50%
VGAVX:
4.91%
LQD:
6.83%
VGAVX:
-26.77%
LQD:
-24.95%
VGAVX:
-3.60%
LQD:
-9.99%
Returns By Period
In the year-to-date period, VGAVX achieves a 1.67% return, which is significantly higher than LQD's 1.33% return. Over the past 10 years, VGAVX has outperformed LQD with an annualized return of 3.16%, while LQD has yielded a comparatively lower 2.22% annualized return.
VGAVX
1.67%
0.97%
1.74%
9.57%
-0.05%
3.16%
LQD
1.33%
0.80%
-1.18%
4.77%
-0.64%
2.22%
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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 6.16%, more than LQD's 4.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGAVX Vanguard Emerging Markets Government Bond Index Fund Admiral Shares | 6.16% | 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 | 4.40% | 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 1.25%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 1.74%. 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.