LQD - iShares iBoxx $ Investment Grade Corporate Bond ETF

Description: The index measures the performance of 600 highly liquid investment grade corporate bonds. Click to read our 'Analyst Take' for LQD »

Analyst Take: 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. « Collapse

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LQD - Profile


Summary Data for LQD

52 Week Lo: $110.03 52 Week Hi: $122.09
AUM: $18,749.9 M Shares: 158.0 M
Avg. Volume (1 month) 2,135,522 Avg. Volume (3 month) 1,938,997
Filings Data as of:

LQD - Holdings

Top Ten Holdings

  1. Verizon Comms 6.55%: 0.79%
  2. Verizon Comms 5.15%: 0.50%
  3. General Elec Cap Corp Mtn Be 5.875%: 0.35%
  4. Goldman Sachs Grp 6.75%: 0.34%
  5. General Elec Cap Corp Mtn Be 6.75%: 0.31%
  6. Merrill Lynch Co Inc Mtn Be 6.875%: 0.30%
  7. Deutsche Telekom Intl Fin B V 8.25%: 0.30%
  8. General Elec Cap Corp Mtn Be 6.875%: 0.28%
  9. At&T 5.35%: 0.28%
  10. Conocophillips 6.5%: 0.28%
%Assets in Top 10: 3.73%
Total Holdings: 1242.0

LQD Asset Allocation


Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 79.64%
International Bonds 19.04%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 1.32%
Other 0.0%

LQD 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%

LQD Bond Detailed Sector Breakdown


Bond Sector Percentage
Corporate Bond 93.5%
Government 5.04%
Cash And Equivalents 1.32%
Convertible 0.14%
Agency Mortgage Backed 0.0%
Covered Bond 0.0%
Commercial Mortgage Backed 0.0%
Non Agency Residential Mortgage Backed 0.0%
Asset Backed 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%

LQD Coupon Breakdown


Coupon Range Percentage
0% to 1% 0.24%
1% to 2% 5.29%
2% to 3% 15.13%
3% to 4% 16.96%
4% to 5% 18.57%
5% to 6% 19.24%
6% to 7% 16.07%
7% to 8% 4.07%
8% to 9% 2.71%
9% to 10% 0.39%
Greater Than 10% 0.0%

LQD Credit Quality


Credit Percentage
AAA 0.91%
AA 13.37%
A 39.48%
BBB 43.75%
BB 0.13%
B 0.0%
Below B 0.0%
Not Rated 2.35%

LQD Maturity Breakdown


Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.8%
3-5 Years 27.27%
5-7 Years 14.54%
7-10 Years 23.8%
10-15 Years 1.21%
15-20 Years 4.18%
20-30 Years 26.54%
30+ Years 0.34%
© 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.

LQD - 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.

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LQD - 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 - Fundamentals

LQD Performance

1 Week Return: 0.87%
2 Week Return: 0.73%
4 Week Return: 0.16%
13 Week Return: 0.28%
26 Week Return: 1.71%
YTD Return: 7.25%
1 Year Return: 7.63%
3 Year Return: 19.76%
5 Year Return: 37.25%

LQD Expenses & Fees

  • Expense Ratio: 0.15%
  • Category: Corporate Bonds
  • Category Range: 0.10% to 0.75%
  • Category Average: 0.23%

LQD Valuation

P/E Ratio: n/a
Beta: 0.32
20 Day Moving Average: $118.63
60 Day Moving Average: $118.51

LQD Dividend

Annual Dividend Rate: $3.76
Dividend Date: 2014-11-03
Dividend: $0.34
Annual Dividend Yield %: 3.17%

LQD Volatility

5 Day Volatility: 46.52%
20 Day Volatility: 4.76%
50 Day Volatility: 4.29%
200 Day Volatility: 4.16%
Standard Deviation: 2.69%

LQD - Technicals

LQD Technicals

20 Day MA: $118.63
60 Day MA: $118.51
MACD 15 Period: 0.84
MACD 100 Period: 1.00
Williams % Range 10 Day: 5.14
Williams % Range 20 Day: 5.14
RSI 10 Day: 62
RSI 20 Day: 56
RSI 30 Day: 55
Ultimate Oscillator: 54

LQD Bollinger Bands

Lower Bollinger (10 Day): $117.74
Upper Bollinger (10 Day): $119.20
Lower Bollinger (20 Day): $117.96
Upper Bollinger (20 Day): $119.30
Lower Bollinger (30 Day): $117.77
Upper Bollinger (30 Day): $120.19

LQD Support & Resistance

Support Level 1: $119.06
Support Level 2: $118.75
Resistance Level 1: $119.56
Resistance Level 2: $119.75

LQD Stochastic

Stochastic Oscillator %D (1 Day): 71.32
Stochastic Oscillator %D (5 Day): 73.77
Stochastic Oscillator %K (1 Day): 58.54
Stochastic Oscillator %K (5 Day): 52.02

LQD Volatility

5 Day Volatility: 46.52%
20 Day Volatility: 4.76%
50 Day Volatility: 4.29%
200 Day Volatility: 4.16%
Standard Deviation: 2.69%

LQD - ETFdb Realtime Rating & Analyst Report

LQD is a passive ETF that seeks to replicate iBoxx $ Liquid Investment Grade Index. The index measures the performance of 600 highly liquid investment grade corporate bonds.

ETFdb Category Expense Ratio Inception Date Issuer Structure YTD Return *
Corporate Bonds 0.15 2002-07-22 iShares ETF +7.25%

LQD Realtime Rating: By Metric

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+
Expenses A-
Performance B-
Volatility B-
Dividend A
Concentration A-

The first adjacent table gives investors an individual Realtime Rating for LQD on several different metrics, including liquidity, expenses, performance, volatility, dividend, and concentration of holdings. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Corporate Bonds ETFdb Category with the highest Metric Realtime Rating for each individual field.

LQD Realtime Rating: Overall

ETFdb Rating Type Overall Rating A+ Overall Rated ETF
Realtime Rating (Overall) A VCSH

The second table shows the overall Realtime Rating for LQD, as well as the A+ Overall Rated ETF in LQD's Category. To view information on how the ETFdb Realtime Ratings work, click here.

LQD In-Depth

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

Expense Analysis

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

LQD ETF Average ETF Wtd. Average
0.15 0.61% 0.33%

Comparative Analysis: Corporate Bonds ETFdb Category

Lo Average Hi LQD Rank
IBDH : 0.10% 0.23% MINC : 0.75% 17 of 54

Commission Free Trading in LQD

LQD is currently available for commission free trading on the following platforms: TD Ameritrade, Fidelity There are 26 other ETFs in the Corporate Bonds ETFdb Category that are also eligible for commission free trading BSCD (Charles Schwab) BSCE (Charles Schwab) BSCF (Charles Schwab) BSCG (Charles Schwab) BSCH (Charles Schwab) BSCI (Charles Schwab) BSCJ (Charles Schwab) BSCK (Charles Schwab) BSCL (Charles Schwab) BSCM (Charles Schwab) BSCN (Charles Schwab) BSCO (Charles Schwab) CBND (Charles Schwab) CIU (TD Ameritrade) CORP (Charles Schwab) CSJ (TD Ameritrade) FCOR (Fidelity) FLOT (Fidelity) FLTB (Fidelity) IBDF (Fidelity) IBDH (Fidelity) IBND (Charles Schwab) LQDH (Fidelity) VCIT (Vanguard, TD Ameritrade) VCLT (Vanguard, TD Ameritrade) VCSH (Vanguard, TD Ameritrade)

Performance Analysis

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

  LQD Category Lo Category Hi LQD Rank
1 Week* 0.87% MONY: -2.51% LWC: 1.43% 7 of 51
4 Week* 0.16% MONY: -2.06% GLCB: 0.78% 8 of 53
13 Week* 0.28% IBND: -5.03% CFT: 2.02% 16 of 49
26 Week* 1.71% IBND: -5.60% CFT: 4.18% 7 of 46
YTD* 7.25% IBND: -3.38% LWC: 14.14% 8 of 45
1 Year* 7.63% IBND: -1.93% LWC: 15.04% 9 of 45
3 Year* 19.76% BSCD: 4.03% VCLT: 21.22% 3 of 22
5 Year* 37.25% CSJ: 9.28% VCLT: 51.03% 5 of 9

Volatility Analysis

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

  LQD Category Lo Category Hi LQD Rank
5 Day* 46.52% LDRI: 1.10% LQD: 46.52% 1 of 54
20 Day* 4.76% FLOT: 0.66% MONY: 14.26% 15 of 54
50 Day* 4.29% FLOT: 0.55% AMPS: 10.48% 17 of 49
200 Day* 4.16% FLOT: 0.44% AMPS: 13.01% 16 of 45
Beta* 0.32 MONY: -0.82 AMPS: 0.77 16 of 52
Standart Deviation* 2.69% BSCF: 0.04% VCLT: 3.51% 3 of 44

Technical Analysis

This section highlights technical strength metrics for LQD.

Moving Averages * Support & Resistance * Williams & Rel. Strength *
20 Day MA $118.63 Lower Bolinger (10Day) $117.74 Williams % (10) 5.14
60 Day MA $118.51 Upper Bolinger (10Day) $119.20 Williams % (20) 5.14
MACD 15 Day 0.84 Lower Bolinger (30Day) $117.77 Rel. Strength (10) 62
MACD 100 Day 1.00 Upper Bolinger (30Day) $120.19 Rel. Strength (20) 56
    Support Level $56.48 Rel. Strength (30) 55
    Resistance Level $119.56    

Dividend & Valuation Analysis

This section shows how the dividend yield and P/E multiple of LQD compare to the peer group ETFdb Category.

  LQD Category Lo Category Hi LQD Rank
Annual Dividend Yield* 3.17% FLTB: 0.08% CORP: 6.80% 8 of 54
P/E Ratio* n/a n/a n/a n/a
* As of 2014-11-25

Concentration Analysis

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

  LQD Category Lo Category Hi LQD Rank
Number of Holdings** 1242 LQDH: 4 CIU: 2934 7 of 52
% Assets in Top 10** 3.73% BSCD: 0.69% LQDH: 193.35% 47 of 51
** As of 2014-11-04

Alternative ETFs

Other ETFs in the Corporate Bonds ETFdb Category include:

Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IBDA 0.10% $45.4 M 1,997 0.66%
Largest (AUM) CSJ 0.20% $11,048.1 M 483,947 0.59%
Most Liquid (Volume) VCSH 0.12% $8,993.5 M 630,703 1.65%
Top YTD Performer LWC 0.15% $302.6 M 86,968 14.14%

© 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.

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