LQD — iShares iBoxx $ Investment Grade Corporate Bond ETF

Overview

The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is a fund within the US Bonds - Corporate category, managed by iShares. It holds an overall rank of #104 out of 120 tracked ETFs across all categories and carries an ETFValuer grade of C with a score of 53.3 out of 100. The fund charges an expense ratio of 0.14% and offers a dividend yield of 2.96%. With assets under management totaling $33.1 billion and a current price of $107.67, LQD represents a significant position within its sector. This category contains 5 ETFs tracked by ETFValuer, placing LQD among a small group of peers. The substantial asset size and price level suggest considerable investor adoption relative to the limited number of funds in this specific classification.

Over the last trading day, the fund recorded a return of -0.19%, while the one-week return declined further to -0.94%. The one-month performance showed a slight decline of -0.11%, and the three-month return extended that negative trend to -0.55%. A similar downward trajectory continued into the six-month period with a return of -0.70%, and year-to-date performance stands at -0.42%. In contrast, the one-year return turned positive at +3.49%, indicating a shift in momentum over the longer horizon. The three-year return demonstrates continued growth, reaching +13.16%, which contrasts with the negative short-term figures.

LQD is assigned a volatility label of Very Low, yet it exhibits a beta of 1.34, suggesting higher sensitivity to market movements than the broader benchmark. The fund's Sharpe ratio is -0.28, indicating that the returns generated have not adequately compensated for the risk taken over the measured period. A maximum drawdown of -8.43% highlights the potential for significant temporary losses during market stress. This combination of a low volatility label with a beta above 1.0 and a negative Sharpe ratio implies a complex risk profile where the fund may experience amplified moves despite its classification. The data suggests that while the fund is categorized as low volatility, its actual behavior in up and down markets involves notable deviation from the market average.

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

LQD Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — 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): 16.13 (as of 2026-07-07) — 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: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.67% (as of 2026-07-07) — 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 Performance History

How LQD Compares to Other US Bonds - Corporate ETFs