ACWI vs LQD

Comparison between ISHARES MSCI ACWI ETF (ACWI, ETF) and ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF (LQD, ETF).

5-Year PerformanceACWI has outperformed LQD, delivering a return of +11.8% compared to +0.2%

ACWI vs LQD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ACWI(ETF)	LQD(ETF)
Net Assets	$31B	$31B
Expense Ratio	0.32%	0.14%
Max Drawdown	56.28%	30.46%
Sharpe Ratio	1.84	0.53
5Y Beta	0.90	0.14
P/E Ratio	28.35	N/A
Forward P/E	22.24	N/A
PEG Ratio	0.49	N/A
5Y Dividends CAGR	7.78%	9.18%
5Y EPS CAGR	26.97%	N/A
Debt to Equity	29.54%	N/A
P/S Ratio	3.75	N/A
P/B Ratio	5.59	N/A

Net Assets

Winner

ACWI

$31B

LQD

$31B

Expense Ratio

ACWI

0.32%

Winner

LQD

0.14%

Max Drawdown

ACWI

56.28%

Winner

LQD

30.46%

Sharpe Ratio

Winner

ACWI

1.84

LQD

0.53

5Y Beta

ACWI

0.90

Winner

LQD

0.14

P/E Ratio

ACWI

28.35

LQD

N/A

Forward P/E

ACWI

22.24

LQD

N/A

PEG Ratio

ACWI

0.49

LQD

N/A

5Y Dividends CAGR

ACWI

7.78%

Winner

LQD

9.18%

5Y EPS CAGR

ACWI

26.97%

LQD

N/A

Debt to Equity

ACWI

29.54%

LQD

N/A

P/S Ratio

ACWI

3.75

LQD

N/A

P/B Ratio

ACWI

5.59

LQD

N/A

ACWI vs LQD - Historical Returns

Returns include dividend reinvestment.

Period	ACWI	LQD
1 month	+6.47%	-0.52%
3 months	+6.81%	-1.54%
6 months	+12.21%	+0.52%
1 year	+29.17%	+6.51%
5 years(CAGR)	+11.78%	+0.18%
10 years(CAGR)	+13.01%	+2.53%
Max(CAGR)	+8.51%	+4.48%

Winner

ACWI

+6.47%

LQD

-0.52%

Winner

ACWI

+6.81%

LQD

-1.54%

Winner

ACWI

+12.21%

LQD

+0.52%

Winner

ACWI

+29.17%

LQD

+6.51%

5Y(CAGR)

Winner

ACWI

+11.78%

LQD

+0.18%

10Y(CAGR)

Winner

ACWI

+13.01%

LQD

+2.53%

Max(CAGR)

Winner

ACWI

+8.51%

LQD

+4.48%

ACWI vs LQD - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	ACWI	LQD
2026	+9.40%	+0.11%
2025	+22.65%	+7.89%
2024	+18.47%	+1.55%
2023	+22.27%	+8.65%
2022	-18.80%	-17.05%
2021	+19.33%	-1.34%
2020	+15.14%	+10.74%
2019	+26.62%	+17.00%
2018	-10.03%	-3.14%
2017	+23.39%	+6.96%
2016	+10.36%	+6.27%
2015	-1.98%	-1.60%
2014	+5.31%	+8.00%
2013	+19.95%	-2.22%
2012	+14.58%	+10.67%
2011	-8.53%	+9.31%
2010	+10.50%	+8.75%
2009	+29.52%	+9.58%
2008	-34.87%	+1.20%
2007	N/A	+3.95%
2006	N/A	+3.65%
2005	N/A	+0.51%
2004	N/A	+6.48%
2003	N/A	+8.29%
2002	N/A	+9.86%

ACWI vs LQD Drawdown Comparison

The maximum drawdown for ACWI was -56.00%, occurring on Mar 9, 2009. Recovery took 1186 trading sessions.

The maximum drawdown for LQD was -24.96%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The current LQD drawdown is -4.10%.

Rank	ACWI	LQD
#1	-56.00% May 16, 2008 - Feb 1, 2013	-24.96% Sep 22, 2021 - Oct 20, 2022
#2	-33.53% Feb 12, 2020 - Aug 24, 2020	-21.76% Mar 6, 2020 - Jun 10, 2020
#3	-26.41% Jan 3, 2022 - Jan 25, 2024	-21.54% May 1, 2008 - Jan 9, 2009
#4	-19.49% Jan 26, 2018 - Jul 24, 2019	-10.86% Jan 9, 2009 - Jun 25, 2009
#5	-19.44% May 21, 2015 - Jan 4, 2017	-8.70% Jun 13, 2003 - Mar 5, 2004
#6	-16.55% Feb 18, 2025 - May 19, 2025	-8.57% May 1, 2013 - May 1, 2014
#7	-9.73% Feb 25, 2026 - Apr 15, 2026	-7.66% Mar 17, 2004 - Sep 16, 2004
#8	-9.19% Sep 5, 2014 - Feb 20, 2015	-6.64% Dec 31, 2020 - Aug 3, 2021
#9	-8.88% May 21, 2013 - Sep 10, 2013	-6.03% Feb 2, 2015 - Apr 1, 2016
#10	-8.10% Jul 16, 2024 - Aug 23, 2024	-5.86% Sep 6, 2016 - Jun 14, 2017
#11	-7.51% Sep 2, 2020 - Nov 9, 2020	-5.63% Dec 29, 2017 - Mar 12, 2019
#12	-6.66% Dec 31, 2013 - Feb 27, 2014	-5.23% Nov 4, 2010 - May 5, 2011
#13	-6.53% Jul 24, 2019 - Oct 24, 2019	-4.85% Aug 31, 2005 - Sep 19, 2006
#14	-5.48% Sep 3, 2021 - Oct 28, 2021	-4.66% Nov 4, 2011 - Jan 17, 2012
#15	-5.12% Nov 16, 2021 - Dec 27, 2021	-4.34% Sep 27, 2002 - Nov 7, 2002

Correlation

Correlation between ACWI and LQD is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2002 - 2026)

ACWI vs LQD dividend yield comparison.

Year	ACWI	LQD
2026	0.00%	1.53%
2025	1.55%	4.48%
2024	1.70%	4.45%
2023	1.88%	3.99%
2022	1.79%	3.30%
2021	1.71%	2.30%
2020	1.43%	2.66%
2019	2.33%	3.29%
2018	2.18%	3.67%
2017	1.94%	3.10%
2016	2.19%	3.34%
2015	2.56%	3.47%
2014	2.26%	3.39%
2013	1.89%	3.83%
2012	2.25%	3.83%
2011	2.40%	4.39%
2010	1.73%	4.87%
2009	1.29%	5.50%
2008	0.61%	5.37%
2007	0.00%	5.45%
2006	0.00%	5.04%
2005	0.00%	4.76%
2004	0.00%	4.66%
2003	0.00%	4.96%
2002	0.00%	2.26%