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 (Ticker: LQD) is a corporate bond ETF that tracks the performance of investment-grade corporate bonds. Issued by iShares, it is one of the larger funds in its category, with an asset under management (AUM) of $33.0B. The fund is ranked #329 out of 458 tracked ETFs across all categories, indicating a moderate position in the overall market. Its expense ratio of 0.14% is relatively low, making it cost-effective for investors. The dividend yield of 3.01% provides a steady income stream. The fund's price of $105.92 and substantial AUM suggest strong investor adoption, positioning it as a significant player in the corporate bond ETF space.

The iShares iBoxx $ Investment Grade Corporate Bond ETF has shown a mixed performance pattern over the past year. In the short term, the fund experienced a slight decline of -0.13% on a daily basis and -0.19% over a week. However, over the longer term, the fund has shown more stability, with a positive return of +0.11% in one month and +15.03% over three years. The one-year return of +0.96% indicates a slight improvement from the previous year. The fund's performance has been relatively stable, with no significant acceleration or deceleration in the trend, suggesting a consistent but modest growth trajectory.

The iShares iBoxx $ Investment Grade Corporate Bond ETF is labeled as having a 'Very Low' volatility, which suggests that the fund experiences minimal price fluctuations compared to other investment-grade corporate bond ETFs. However, its beta of 1.36 indicates a higher sensitivity to market movements, meaning it may experience greater price swings than the overall market. The Sharpe ratio of -0.76 is negative, indicating that the fund's returns have not compensated for the risk taken. This is further supported by the maximum drawdown of -6.73%, which shows the fund's largest peak-to-trough decline. Overall, these figures imply that while the fund is relatively stable, it may not be the best choice for investors seeking high returns, as the risk-adjusted returns are not favorable. The fund's behavior in both up and down markets suggests a moderate risk profile, with the potential for modest gains but also the possibility of losses, especially in more volatile market conditions.

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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.75% (as of 2026-08-20) — 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: Quoted bid/ask spread is 0.11% and average daily volume is 27.9M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $33.0B 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