LQD — iShares iBoxx $ Investment Grade Corporate Bond ETF

LQD Price Performance — Growth of $10,000

Value of a $10,000 investment in LQD over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

LQD Drawdown

The "underwater" chart: LQD's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is a US corporate bond fund issued by iShares with $28.3 billion in assets under management. It holds an ETFValuer grade of C, ranking 11th out of 17 peers in its category and 309th of 458 tracked ETFs overall. The fund’s 0.14% expense ratio exceeds the category median of 0.06%, while its 4.95% dividend yield trails the median of 6.04%. Top holdings represent only 9.5% of assets, with the largest position being BlackRock Funds III at 7.2%.

Short-term returns have been negative, with the fund down 2.79% over one month and 3.99% year-to-date. This contrasts with a positive 15.91% return over the three-year horizon, though the one-year return of -3.80% significantly underperforms the category median of +1.23%. The current price of $102.10 sits near the bottom of its 52-week range, at just 7.7% above the low. The ETFValuer grade has remained unchanged at C for the last 35 tracked days, based on 3.0 years of available price history.

LQD exhibits a beta of 1.35, indicating it moves more than the market, alongside a Very Low volatility rating of 5.47% annualized. The Sharpe ratio of -1.61 suggests poor risk-adjusted returns relative to the risk-free rate during the measured period. Maximum drawdown has reached -6.26%, reflecting the depth of recent losses. High liquidity is evident from an average daily volume of 30,700,628 shares, facilitating easy entry and exit.

AI-generated summary based on the data on this page.

LQD Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 9.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how LQD's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With LQD

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with LQD's top 10 — SLQD overlaps most, holding 6 of the same companies as LQD's top 10 (8.8% of LQD's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.27% (as of 2026-10-06) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.01 (as of 2026-10-06) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 3.03% (as of 2026-10-06) — The extra yield investors demand to hold high-yield corporate bonds over Treasuries — a real-time gauge of credit risk appetite relevant to this fund’s holdings.

LQD Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 30.7M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $28.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: LQD is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

LQD Performance History

How LQD Compares to Other US Bonds - Corporate ETFs