LQD iShares iBoxx $ Investment Grade Corporate Bond ETF

  • ETF
  • LQD
  • Category
  • Corporate Bonds
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LQD - Profile

Vitals

Investment Themes

Alternative ETFs in the Corporate Bonds Category

Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest IBDA 0.10% $65.6 M 3,045 0.06%
Largest (AUM) CSJ 0.20% $10,875.2 M 407,200 0.60%
Most Liquid (Volume) VCSH 0.12% $10,056.0 M 682,692 1.16%
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

LQD - 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 LQD 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: SKOR

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

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Leveraged ETFs

Analyst Report

LQD - 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 LQD and compare it to similar peer ETFs within its ETFdb Category.

Holdings

LQD - Holdings

Filings Data as of: May 04, 2015

Top Ten Holdings

  1. Verizon Comms 6.55%
    0.57%
  2. Verizon Comms 5.15%
    0.38%
  3. Goldman Sachs Grp 6.75%
    0.38%
  4. General Elec Cap Corp Mtn Be 5.875%
    0.36%
  5. General Elec Cap Corp Mtn Be 6.75%
    0.35%
  6. Apple 2.4%
    0.30%
  7. General Elec Cap Corp Mtn Be 6.875%
    0.29%
  8. Verizon Comms 6.4%
    0.28%
  9. Deutsche Telekom Intl Fin B V 8.25%
    0.25%
  10. Wal-Mart Stores 6.5%
    0.25%

Concentration Analysis

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

Number of Holdings
LQD Rank: 7 of 55
LQD 1361
Category Low LQDH (3)
Category High CIU (2992)
% Assets in Top 10
LQD Rank: 7 of 54
LQD 3.43%
Category Low BSCD (0.69%)
Category High LQDH (8811.18%)

LQD Asset Allocation

Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 80.18%
International Bonds 18.6%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 1.22%
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 95.87%
Government 2.78%
Cash And Equivalents 1.22%
Convertible 0.12%
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% 3.62%
1% to 2% 3.98%
2% to 3% 17.9%
3% to 4% 20.01%
4% to 5% 20.05%
5% to 6% 14.81%
6% to 7% 12.68%
7% to 8% 3.29%
8% to 9% 2.13%
9% to 10% 0.28%
Greater Than 10% 0.03%

LQD Credit Quality

Credit Percentage
AAA 0.88%
AA 13.06%
A 39.99%
BBB 42.6%
BB 0.13%
B 0.0%
Below B 0.0%
Not Rated 3.32%

LQD Maturity Breakdown

Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 1.38%
3-5 Years 24.26%
5-7 Years 15.88%
7-10 Years 23.46%
10-15 Years 1.74%
15-20 Years 4.79%
20-30 Years 26.13%
30+ Years 1.13%
Expense

LQD - Expenses & Fees

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

Expenses Ratio Analysis

Expense Ratio
LQD Rank: 20 of 56
LQD 0.15%
Category Low IBCD (0.10%)
Category High FLRT (1.10%)

Commission Free Trading in LQD

LQD 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 LQD has performed relative to its peer group ETFdb Category.

1 Week Return
LQD Rank: 6 of 56
LQD 0.95%
Category Low IBND (-1.32%)
Category High VCLT (2.08%)
4 Week Return
LQD Rank: 41 of 55
LQD -0.87%
Category Low CLY (-2.66%)
Category High IBDH (0.85%)
13 Week Return
LQD Rank: 48 of 55
LQD -2.24%
Category Low LWC (-5.73%)
Category High CFT (2.02%)
26 Week Return
LQD Rank: 35 of 54
LQD 0.54%
Category Low IBND (-10.50%)
Category High CFT (4.18%)
Year to Date Return
LQD Rank: 39 of 53
LQD 0.29%
Category Low IBND (-8.73%)
Category High CFT (4.22%)
1 Year Return
LQD Rank: 16 of 45
LQD 2.62%
Category Low IBND (-15.20%)
Category High MONY (5.25%)
3 Year Return
LQD Rank: 8 of 28
LQD 13.21%
Category Low IBND (1.38%)
Category High MONY (16.51%)
5 Year Return
LQD Rank: 5 of 12
LQD 35.25%
Category Low CSJ (9.72%)
Category High VCLT (47.29%)
Charts

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.

Valuation

LQD - Valuation

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

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

As of May 27, 2015

Dividend

LQD - Dividend

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

Annual Dividend Yield
LQD Rank: 8 of 56
LQD 3.37%
Category Low FLRT (0.41%)
Category High IBDH (5.62%)

As of May 27, 2015

Technicals

LQD - Technicals

LQD Volatility Analysis

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

5 Day Volatility
LQD Rank: 7 of 56
LQD 34.21%
Category Low FLTR (1.53%)
Category High IBND (50.02%)
20 Day Volatility
LQD Rank: 15 of 56
LQD 7.64%
Category Low FLOT (0.42%)
Category High MONY (19.93%)
50 Day Volatility
LQD Rank: 18 of 54
LQD 6.75%
Category Low FLOT (0.60%)
Category High MONY (17.56%)
200 Day Volatility
LQD Rank: 20 of 52
LQD 6.71%
Category Low FLOT (0.69%)
Category High MONY (17.06%)
Beta
LQD Rank: 42 of 55
LQD -0.68
Category Low MONY (-2.08)
Category High SUBD (1.04)
Standard Deviation
LQD Rank: 4 of 44
LQD 2.14%
Category Low BSCD (0.04%)
Category High VCLT (2.81%)

LQD Technicals

  • 20 Day MA: $118.24
  • 60 Day MA: $119.88
  • MACD 15 Period: 0.48
  • MACD 100 Period: -1.62
  • Williams % Range 10 Day: 20.47
  • Williams % Range 20 Day: 49.85
  • RSI 10 Day: 50
  • RSI 20 Day: 46
  • RSI 30 Day: 46
  • Ultimate Oscillator: 49

LQD Bollinger Bands

  • Lower Bollinger (10 Day): $117.18
  • Upper Bollinger (10 Day): $118.64
  • Lower Bollinger (20 Day): $117.02
  • Upper Bollinger (20 Day): $119.48
  • Lower Bollinger (30 Day): $116.16
  • Upper Bollinger (30 Day): $122.41

LQD Support & Resistance

  • Support Level 1: $118.19
  • Support Level 2: $117.91
  • Resistance Level 1: $118.65
  • Resistance Level 2: $118.83

LQD Stochastic

  • Stochastic Oscillator %D (1 Day): 77.34
  • Stochastic Oscillator %D (5 Day): 70.15
  • Stochastic Oscillator %K (1 Day): 64.92
  • Stochastic Oscillator %K (5 Day): 51.81
Fact Sheet

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.

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.