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  • ETF
  • LQD
    Pricing Data
    $119.18
    Change: $0.09 (-0.0%)
    Time: 05/27/16
    Previous Close: $119.27
  • Category
  • Corporate Bonds
Last Updated:

Profile

Vitals

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $111.83
  • 52 Week Hi: $120.24
  • AUM: $28,200.4 M
  • Shares: 236.6 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 4,118,739
  • 3 Month Avg. Volume: 3,967,223

Alternative ETFs in the Corporate Bonds Category

Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IBDJ 0.10% $69.5 M 27,295 0.73%
Largest (AUM) CSJ 0.20% $11,110.2 M 471,177 0.88%
Most Liquid (Volume) VCSH 0.12% $10,998.3 M 920,918 1.84%
Top YTD Performer VCLT 0.12% $1,050.7 M 253,889 8.96%

Analyst Report

This ETF is the most popular option for investors looking to gain exposure to investment grade corporate bonds, making it a useful tool for those looking to access a corner of the bond market that should be a core component of any long-term, buy-and-hold portfolio. LQD is probably of limited use for short term traders, who will prefer to utilize more extreme ends of the risk spectrum to capitalize off of short term movements in asset prices and risk tolerance. This ETF should, however, be very useful to those building a long-term portfolio; exposure to corporate bonds can deliver attractive yields without excessive risks. LQD can specifically be helpful for those with holdings in AGG or BND, beefing up the relatively minor allocations those aggregate products make to corporate debt (those ETFs are dominated by government bonds). While LQD is spread out across the maturity spectrum, investors do have options for more granular exposure to long term (VCLT) or short term (SCPB, VCSH) corporate debt. LQD is extremely cost efficient, and offers an impressively deep underlying portfolio of fixed income securities. But there are some interesting alternatives out there that may make more sense for certain investors. CBND, for example, offers similar exposure but uses a unique weighting methodology that may be more appealing. Whereas LQD gives the largest weightings to the biggest issues of debt, CBND uses fundamental factors such as return on assets and interest coverage ratio to determine the weightings assigned.

Realtime Rating

Realtime Rating Summary

The adjacent table shows a Realtime Rating for several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, highlights the best rated ETF in the Corporate Bonds category for each metric. To view information on how the ETFdb Realtime Ratings work, click here.

Compare to another ETF

View the Category Report

LQD Overall Realtime Rating: A-

A+ Overall Rated ETF: VCIT

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ LQD
Expenses B+ IBDB
Performance B- SKOR
Volatility B- FLOT
Dividend A- LWC
Concentration A CIU

Knowledge Centers

LQD In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.

LQD Holdings

Filings Data as of: May 03, 2016

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb Category.

Number of Holdings
Rank: 7 of 65
1558
Category Low SFIG (n/a)
Category High CIU (3437)
% Assets in Top 10
Rank: 6 of 62
3.45%
Category Low WFIG (n/a)
Category High IGIH (1950.82%)

Asset Allocation

Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 82.7%
International Bonds 16.63%
Preferred Stock 0.0%
Convertibles 0.08%
Cash 0.58%
Other 0.0%

Bond Sector Breakdown

Bond Sector Percentage
Treasury 0.0%
TIPS 0.0%
U.S. Agency 0.0%
MBS 0.0%
U.S. Corporate 0.0%
Asset-Backed 0.0%
Convertible 0.0%
Muni 0.0%
Foreign Government 0.0%
Foreign Corporate 0.0%
Other 100.0%

Bond Detailed Sector Breakdown

Bond Sector Percentage
Corporate Bond 98.06%
Government 1.55%
Convertible 0.46%
Agency Mortgage Backed 0.0%
Asset Backed 0.0%
Covered Bond 0.0%
Commercial Mortgage Backed 0.0%
Non Agency Residential Mortgage Backed 0.0%
Cash And Equivalents 0.0%
Preferred 0.0%
Sector Swap 0.0%
Future Forward 0.0%
Bank Loan 0.0%
US Municipal Tax Advantaged 0.0%
Municipal Taxable 0.0%
Government Related 0.0%
Option Warrant 0.0%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 2.12%
1% to 2% 2.2%
2% to 3% 21.21%
3% to 4% 24.81%
4% to 5% 25.08%
5% to 6% 11.65%
6% to 7% 8.7%
7% to 8% 1.9%
8% to 9% 1.53%
9% to 10% 0.21%
Greater Than 10% 0.0%

Credit Quality

Credit Percentage
AAA 2.33%
AA 10.0%
A 44.58%
BBB 42.98%
BB 0.04%
B 0.07%
Below B 0.0%
Not Rated 0.0%

Maturity Breakdown

Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 1.3%
3-5 Years 22.79%
5-7 Years 17.43%
7-10 Years 22.55%
10-15 Years 2.62%
15-20 Years 5.56%
20-30 Years 25.6%
30+ Years 1.57%

LQD Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.

Expenses Ratio Analysis

ETF Average
0.579%
ETF Wtd. Average
0.26%
Category Average
0.25%
Expense Ratio
Rank: 26 of 67
0.15%
Category Low IBCD (0.10%)
Category High MAUI (1.11%)

Commission Free Trading

This ETF is currently available for commission free trading on the following platforms: (TD Ameritrade, Fidelity)

Category Commission Free Trading

There are 22 other ETFs in the Corporate Bonds ETFdb Category that are also eligible for commission free trading:

LQD Performance

This section shows how this ETF has performed relative to its peer group ETFdb Category.

1 Week Return
Rank: 22 of 61
0.22%
Category Low IBCC (-1.14%)
Category High ICVT (1.94%)
4 Week Return
Rank: 55 of 65
-0.69%
Category Low IBND (-2.56%)
Category High ICVT (2.26%)
13 Week Return
Rank: 21 of 63
3.98%
Category Low IBDA (-0.16%)
Category High ICVT (10.43%)
26 Week Return
Rank: 15 of 62
4.03%
Category Low ICVT (-1.95%)
Category High LKOR (8.77%)
Year to Date Return
Rank: 11 of 63
5.13%
Category Low ICVT (-0.79%)
Category High VCLT (8.96%)
1 Year Return
Rank: 10 of 59
3.72%
Category Low MAUI (-3.65%)
Category High VCLT (6.46%)
3 Year Return
Rank: 6 of 27
10.10%
Category Low IBND (-4.97%)
Category High VCLT (15.32%)
5 Year Return
Rank: 5 of 16
28.09%
Category Low IBND (0.41%)
Category High VCLT (41.10%)

Charts

The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of LQD relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

LQD Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

P/E Ratio
Rank: N/A
No Ranking Available
Category Low N/A
Category High N/A

As of May 22 2016

LQD Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

Dividend
$0.33
Dividend Date
2016-05-02
Annual Dividend Rate
$3.30
Annual Dividend Yield
Rank: 16 of 65
2.77%
Category Low IBND (0.01%)
Category High VCLT (4.62%)

As of May 22, 2016

LQD Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb Category.

5 Day Volatility
Rank: 4 of 67
46.79%
Category Low SFIG (0.03%)
Category High CLY (72.93%)
20 Day Volatility
Rank: 26 of 65
4.07%
Category Low BSCG (0.51%)
Category High ICVT (17.32%)
50 Day Volatility
Rank: 25 of 63
4.09%
Category Low BSCG (0.77%)
Category High ICVT (18.99%)
200 Day Volatility
Rank: 26 of 62
4.72%
Category Low FLOT (1.01%)
Category High ICVT (19.76%)
Beta
Rank: 21 of 63
0.42
Category Low LWC (-0.86)
Category High ICVT (1.97)
Standard Deviation
Rank: 2 of 56
2.27%
Category Low IBDF (0.04%)
Category High VCLT (2.78%)

Technicals

  • 20 Day MA: $119.49
  • 60 Day MA: $118.46
  • MACD 15 Period: -0.16
  • MACD 100 Period: 2.69
  • Williams % Range 10 Day: 53.16
  • Williams % Range 20 Day: 58.89
  • RSI 10 Day: 49
  • RSI 20 Day: 53
  • RSI 30 Day: 56
  • Ultimate Oscillator: 57

Bollinger Brands

  • Lower Bollinger (10 Day): $118.39
  • Upper Bollinger (10 Day): $119.76
  • Lower Bollinger (20 Day): $118.52
  • Upper Bollinger (20 Day): $120.46
  • Lower Bollinger (30 Day): $118.62
  • Upper Bollinger (30 Day): $120.32

Support & Resistance

  • Support Level 1: n/a
  • Support Level 2: $118.83
  • Resistance Level 1: n/a
  • Resistance Level 2: $119.59

Stochastic

  • Stochastic Oscillator %D (1 Day): 56.30
  • Stochastic Oscillator %D (5 Day): 62.04
  • Stochastic Oscillator %K (1 Day): 58.35
  • Stochastic Oscillator %K (5 Day): 49.07

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.