LQD iShares iBoxx $ Investment Grade Corporate Bond ETF

  • ETF
  • LQD
  • Category
  • Corporate Bonds
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Investment Themes

Alternative ETFs in the Corporate Bonds Category

Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IBDJ 0.10% $51.9 M 25,608 -0.08%
Largest (AUM) VCSH 0.12% $10,998.3 M 1,025,944 -0.05%
Most Liquid (Volume) SCPB 0.12% $4,488.7 M 1,059,222 -0.08%
Top YTD Performer CFT 0.15% $773.4 M 30,752 4.22%

Description

The index measures the performance of 600 highly liquid investment grade corporate bonds.

Realtime Rating

Realtime Rating

Realtime Rating Summary

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.

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.

LQD Overall Realtime Rating: A

A+ Overall Rated ETF: VCIT

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ LQD
Expenses B+ IBDC
Performance A LWC
Volatility B- IBDJ
Dividend A IBDQ
Concentration A CIU

Knowledge Center

Analyst Report

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.

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.

Holdings

LQD Holdings

Filings Data as of: Feb 02, 2016

Top Ten Holdings

  1. Verizon Comms 5.15%
    0.38%
  2. Verizon Comms 6.55%
    0.31%
  3. Goldman Sachs Grp 6.75%
    0.31%
  4. General Elec Cap Corp Mtn Be 5.875%
    0.30%
  5. Anheuser Busch Inbev Fin 3.65%
    0.27%
  6. Ge Cap Intl Fdg 144A 4.418%
    0.26%
  7. Apple 2.4%
    0.26%
  8. Goldman Sachs Grp 5.75%
    0.26%
  9. General Elec Cap Corp Mtn Be 6.875%
    0.26%
  10. Deutsche Telekom Intl Fin B V 8.25%
    0.25%

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 62
1516
Category Low CLYH (3)
Category High CIU (3442)
% Assets in Top 10
Rank: 5 of 60
2.87%
Category Low BSCF (0.50%)
Category High IGIH (29088.79%)

Asset Allocation

Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 81.96%
International Bonds 17.05%
Preferred Stock 0.0%
Convertibles 0.05%
Cash 0.95%
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 97.1%
Government 1.71%
Cash And Equivalents 0.95%
Convertible 0.23%
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%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 2.38%
1% to 2% 2.26%
2% to 3% 21.63%
3% to 4% 22.99%
4% to 5% 23.84%
5% to 6% 12.14%
6% to 7% 9.61%
7% to 8% 2.35%
8% to 9% 1.63%
9% to 10% 0.22%
Greater Than 10% 0.0%

Credit Quality

Credit Percentage
AAA 2.27%
AA 10.46%
A 42.79%
BBB 44.44%
BB 0.04%
B 0.0%
Below B 0.0%
Not Rated 0.0%

Maturity Breakdown

Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.5%
3-5 Years 25.28%
5-7 Years 17.7%
7-10 Years 21.29%
10-15 Years 2.87%
15-20 Years 5.35%
20-30 Years 24.25%
30+ Years 1.81%
Expense

LQD Expenses & Fees

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

Expenses Ratio Analysis

Expense Ratio
Rank: 26 of 62
0.15%
Category Low IBDO (0.10%)
Category High FLRT (1.10%)

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

Performance

LQD Performance

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

1 Week Return
Rank: 14 of 59
0.07%
Category Low ICVT (-2.61%)
Category High VCLT (0.66%)
4 Week Return
Rank: 38 of 61
-0.28%
Category Low ICVT (-7.55%)
Category High IBND (3.35%)
13 Week Return
Rank: 45 of 60
-0.58%
Category Low ICVT (-14.86%)
Category High IBND (3.62%)
26 Week Return
Rank: 38 of 59
0.04%
Category Low ICVT (-14.11%)
Category High CFT (4.18%)
Year to Date Return
Rank: 46 of 62
-0.16%
Category Low ICVT (-12.50%)
Category High CFT (4.22%)
1 Year Return
Rank: 41 of 49
-3.22%
Category Low LQDH (-7.76%)
Category High CFT (4.09%)
3 Year Return
Rank: 7 of 25
5.56%
Category Low IBND (-7.78%)
Category High CFT (14.93%)
5 Year Return
Rank: 6 of 17
27.36%
Category Low IBND (4.17%)
Category High VCLT (39.34%)
Charts

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.

Valuation

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 Feb 12, 2016

Dividend

LQD Dividend

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

Annual Dividend Yield
Rank: 9 of 62
3.77%
Category Low IBND (0.01%)
Category High LWC (5.09%)

As of Feb 12, 2016

Technicals

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 62
50.22%
Category Low IBDA (0.84%)
Category High CLY (74.25%)
20 Day Volatility
Rank: 29 of 62
4.76%
Category Low IBDA (0.51%)
Category High LDRI (24.07%)
50 Day Volatility
Rank: 23 of 61
5.34%
Category Low BSCF (0.93%)
Category High LDRI (16.56%)
200 Day Volatility
Rank: 25 of 59
4.94%
Category Low BSCF (0.93%)
Category High ICVT (16.11%)
Beta
Rank: 18 of 62
0.22
Category Low IBND (-0.4)
Category High LDRI (0.91)
Standard Deviation
Rank: 5 of 47
1.62%
Category Low BSCF (0.03%)
Category High VCLT (2.41%)

Technicals

  • 20 Day MA: $113.49
  • 60 Day MA: $114.00
  • MACD 15 Period: -0.04
  • MACD 100 Period: -0.85
  • Williams % Range 10 Day: 72.46
  • Williams % Range 20 Day: 61.29
  • RSI 10 Day: 47
  • RSI 20 Day: 47
  • RSI 30 Day: 47
  • Ultimate Oscillator: 48

Bollinger Bands

  • Lower Bollinger (10 Day): $113.16
  • Upper Bollinger (10 Day): $114.12
  • Lower Bollinger (20 Day): $112.95
  • Upper Bollinger (20 Day): $114.06
  • Lower Bollinger (30 Day): $112.94
  • Upper Bollinger (30 Day): $114.45

Support & Resistance

  • Support Level 1: $113.16
  • Support Level 2: $112.84
  • Resistance Level 1: $113.82
  • Resistance Level 2: $114.16

Stochastic

  • Stochastic Oscillator %D (1 Day): 44.41
  • Stochastic Oscillator %D (5 Day): 51.38
  • Stochastic Oscillator %K (1 Day): 46.70
  • Stochastic Oscillator %K (5 Day): 57.11
Fact Sheet

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.