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 fund within the US Bonds - Corporate category, managed by issuer iShares. It holds an overall rank of #323 out of 458 tracked ETFs across all categories and carries an ETFValuer grade of C with a score of 55.3 out of 100. The fund has an expense ratio of 0.14% and offers a dividend yield of 3.00%. With assets under management totaling $33.1 billion and a current price of $106.83, the ETF represents a significant position within its category of 17 tracked funds. This substantial asset base suggests broad investor adoption relative to the smaller number of peers available in the sector. The combination of a moderate expense ratio and a yield above 3% defines its cost and income profile for potential holders.

Over the last day, the fund posted a return of +0.30%, followed by a slight decline of -0.02% over the past week. The one-month return stands at -2.10%, while the three-month period shows a recovery to -1.15%. A six-month horizon reflects a cumulative loss of -1.51%, and year-to-date performance is recorded at -0.82%. In contrast, the one-year return is positive at +2.52%, and the three-year return shows a stronger gain of +15.00%. This pattern indicates a divergence where short-term performance has been negative while longer-term horizons have delivered positive returns.

The fund is assigned a volatility label of Very Low, yet it exhibits a beta of 1.34, indicating higher sensitivity to market movements than the broader benchmark. A Sharpe ratio of -0.47 suggests that the risk-adjusted returns have been negative over the measured period. The maximum drawdown recorded is -7.87%, representing the largest peak-to-trough decline experienced by the fund. This combination of a low volatility label with a beta above 1.0 implies the fund may move more aggressively than expected during market shifts despite its classification. The negative Sharpe ratio alongside the specific drawdown figure highlights periods where the fund failed to compensate investors adequately for the volatility encountered.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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: 2.81% (as of 2026-07-27) — 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 — and average daily volume is 27.7M/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 $33.1B 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