HYG vs LQD
Comparison between ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (HYG, ETF) and ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF (LQD, ETF).
5-Year PerformanceHYG has outperformed LQD, delivering a return of +3.7% compared to -0.1%
HYG vs LQD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HYG
$17B
Winner
LQD
$31B
Expense Ratio
HYG
0.49%
Winner
LQD
0.14%
Max Drawdown
HYG
41.90%
Winner
LQD
30.46%
Sharpe Ratio
Winner
HYG
0.59
LQD
0.24
5Y Beta
HYG
0.24
Winner
LQD
0.14
5Y Dividends CAGR
HYG
3.61%
Winner
LQD
7.94%
HYG vs LQD - Historical Returns
Returns include dividend reinvestment.
1M
HYG
-0.10%
Winner
LQD
-0.06%
3M
Winner
HYG
+0.70%
LQD
-0.97%
6M
Winner
HYG
+1.33%
LQD
-0.17%
1Y
Winner
HYG
+6.20%
LQD
+5.20%
5Y(CAGR)
Winner
HYG
+3.70%
LQD
-0.13%
10Y(CAGR)
Winner
HYG
+4.86%
LQD
+2.50%
Max(CAGR)
Winner
HYG
+4.94%
LQD
+4.47%
HYG vs LQD - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | HYG | LQD |
|---|---|---|
| 2026 | +0.95% | +0.07% |
| 2025 | +8.34% | +7.89% |
| 2024 | +8.33% | +1.55% |
| 2023 | +11.32% | +8.65% |
| 2022 | -10.95% | -17.05% |
| 2021 | +3.96% | -1.34% |
| 2020 | +4.04% | +10.74% |
| 2019 | +14.24% | +17.00% |
| 2018 | -2.11% | -3.14% |
| 2017 | +5.63% | +6.96% |
| 2016 | +14.09% | +6.27% |
| 2015 | -5.03% | -1.60% |
| 2014 | +1.72% | +8.00% |
| 2013 | +4.77% | -2.22% |
| 2012 | +11.30% | +10.67% |
| 2011 | +6.68% | +9.31% |
| 2010 | +11.02% | +8.75% |
| 2009 | +28.98% | +9.58% |
| 2008 | -16.57% | +1.20% |
| 2007 | +1.62% | +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% |
HYG vs LQD Drawdown Comparison
The maximum drawdown for HYG was -34.28%, occurring on Nov 20, 2008. Recovery took 556 trading sessions.
The maximum drawdown for LQD was -24.96%, occurring on Oct 20, 2022. This drawdown has not yet recovered.
The current HYG drawdown is -0.59%. The current LQD drawdown is -4.13%.
| Rank | HYG | LQD |
|---|---|---|
| #1 | -34.28% Sep 19, 2007 - Dec 2, 2009 | -24.96% Sep 22, 2021 - Oct 20, 2022 |
| #2 | -22.03% Feb 13, 2020 - Nov 4, 2020 | -21.76% Mar 6, 2020 - Jun 10, 2020 |
| #3 | -15.79% Dec 27, 2021 - Mar 7, 2024 | -21.54% May 1, 2008 - Jan 9, 2009 |
| #4 | -13.44% Apr 15, 2015 - Jul 8, 2016 | -10.86% Jan 9, 2009 - Jun 25, 2009 |
| #5 | -10.05% Jul 22, 2011 - Oct 24, 2011 | -8.70% Jun 13, 2003 - Mar 5, 2004 |
| #6 | -8.38% May 25, 2007 - Sep 18, 2007 | -8.57% May 1, 2013 - May 1, 2014 |
| #7 | -7.90% Oct 27, 2011 - Dec 23, 2011 | -7.66% Mar 17, 2004 - Sep 16, 2004 |
| #8 | -7.07% Apr 23, 2010 - Jul 20, 2010 | -6.64% Dec 31, 2020 - Aug 3, 2021 |
| #9 | -7.05% May 8, 2013 - Nov 29, 2013 | -6.03% Feb 2, 2015 - Apr 1, 2016 |
| #10 | -6.42% Jun 25, 2014 - Apr 15, 2015 | -5.86% Sep 6, 2016 - Jun 14, 2017 |
| #11 | -6.41% Oct 1, 2018 - Jan 31, 2019 | -5.63% Dec 29, 2017 - Mar 12, 2019 |
| #12 | -6.05% Jan 8, 2010 - Mar 16, 2010 | -5.23% Nov 4, 2010 - May 5, 2011 |
| #13 | -4.56% May 18, 2011 - Jul 7, 2011 | -4.85% Aug 31, 2005 - Sep 19, 2006 |
| #14 | -4.56% Feb 28, 2025 - May 12, 2025 | -4.66% Nov 4, 2011 - Jan 17, 2012 |
| #15 | -4.50% May 2, 2012 - Jun 29, 2012 | -4.34% Sep 27, 2002 - Nov 7, 2002 |
Correlation
Correlation between HYG and LQD is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2002 - 2026)
HYG vs LQD dividend yield comparison.
| Year | HYG | LQD |
|---|---|---|
| 2026 | 2.52% | 1.92% |
| 2025 | 5.71% | 4.48% |
| 2024 | 6.01% | 4.45% |
| 2023 | 5.74% | 3.99% |
| 2022 | 5.30% | 3.30% |
| 2021 | 4.02% | 2.30% |
| 2020 | 4.88% | 2.66% |
| 2019 | 4.99% | 3.29% |
| 2018 | 5.54% | 3.67% |
| 2017 | 5.12% | 3.10% |
| 2016 | 5.27% | 3.34% |
| 2015 | 5.90% | 3.47% |
| 2014 | 5.69% | 3.39% |
| 2013 | 6.10% | 3.83% |
| 2012 | 6.60% | 3.83% |
| 2011 | 7.51% | 4.39% |
| 2010 | 8.25% | 4.87% |
| 2009 | 9.48% | 5.50% |
| 2008 | 10.08% | 5.37% |
| 2007 | 5.23% | 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% |
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