LQD vs GDX

Comparison between ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF (LQD, ETF) and VANECK GOLD MINERS ETF (GDX, ETF).

5-Year PerformanceGDX has outperformed LQD, delivering a return of +22.0% compared to +0.1%

LQD vs GDX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LQD(ETF)	GDX(ETF)
Net Assets	$29B	$28B
Expense Ratio	0.14%	0.51%
Max Drawdown	30.46%	81.28%
Sharpe Ratio	0.52	1.59
5Y Beta	0.14	0.69
P/E Ratio	N/A	18.95
Forward P/E	N/A	12.09
5Y Dividends CAGR	9.18%	21.83%
5Y EPS CAGR	N/A	50.56%
Debt to Equity	N/A	15.12%
P/S Ratio	N/A	5.75
P/B Ratio	N/A	3.53

Net Assets

Winner

LQD

$29B

GDX

$28B

Expense Ratio

Winner

LQD

0.14%

GDX

0.51%

Max Drawdown

Winner

LQD

30.46%

GDX

81.28%

Sharpe Ratio

LQD

0.52

Winner

GDX

1.59

5Y Beta

Winner

LQD

0.14

GDX

0.69

P/E Ratio

LQD

N/A

GDX

18.95

Forward P/E

LQD

N/A

GDX

12.09

5Y Dividends CAGR

LQD

9.18%

Winner

GDX

21.83%

5Y EPS CAGR

LQD

N/A

GDX

50.56%

Debt to Equity

LQD

N/A

GDX

15.12%

P/S Ratio

LQD

N/A

GDX

5.75

P/B Ratio

LQD

N/A

GDX

3.53

LQD vs GDX - Historical Returns

Returns include dividend reinvestment.

Period	LQD	GDX
1 month	+0.13%	-3.66%
3 months	-0.09%	-8.07%
6 months	+0.91%	+31.29%
1 year	+7.11%	+94.87%
5 years(CAGR)	+0.07%	+22.05%
10 years(CAGR)	+2.62%	+16.06%
Max(CAGR)	+4.51%	+5.79%

Winner

LQD

+0.13%

GDX

-3.66%

Winner

LQD

-0.09%

GDX

-8.07%

LQD

+0.91%

Winner

GDX

+31.29%

LQD

+7.11%

Winner

GDX

+94.87%

5Y(CAGR)

LQD

+0.07%

Winner

GDX

+22.05%

10Y(CAGR)

LQD

+2.62%

Winner

GDX

+16.06%

Max(CAGR)

LQD

+4.51%

Winner

GDX

+5.79%

LQD vs GDX - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	LQD	GDX
2026	+0.64%	+10.33%
2025	+7.89%	+144.40%
2024	+1.55%	+12.26%
2023	+8.65%	+6.25%
2022	-17.05%	-6.71%
2021	-1.34%	-15.37%
2020	+10.74%	+23.37%
2019	+17.00%	+40.08%
2018	-3.14%	-11.01%
2017	+6.96%	+7.65%
2016	+6.27%	+48.90%
2015	-1.60%	-26.95%
2014	+8.00%	-15.99%
2013	-2.22%	-54.72%
2012	+10.67%	-12.89%
2011	+9.31%	-14.17%
2010	+8.75%	+29.70%
2009	+9.58%	+39.01%
2008	+1.20%	-31.19%
2007	+3.95%	+23.26%
2006	+3.65%	+7.43%
2005	+0.51%	N/A
2004	+6.48%	N/A
2003	+8.29%	N/A
2002	+9.86%	N/A

LQD vs GDX Drawdown Comparison

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

The maximum drawdown for GDX was -80.35%, occurring on Jan 19, 2016. Recovery took 3499 trading sessions.

The current LQD drawdown is -3.59%. The current GDX drawdown is -18.34%.

Rank	LQD	GDX
#1	-24.96% Sep 22, 2021 - Oct 20, 2022	-80.35% Sep 8, 2011 - Aug 8, 2025
#2	-21.76% Mar 6, 2020 - Jun 10, 2020	-70.79% Mar 14, 2008 - Sep 22, 2010
#3	-21.54% May 1, 2008 - Jan 9, 2009	-30.84% Feb 27, 2026 - Mar 20, 2026
#4	-10.86% Jan 9, 2009 - Jun 25, 2009	-20.52% Sep 5, 2006 - Feb 26, 2007
#5	-8.70% Jun 13, 2003 - Mar 5, 2004	-19.96% Jul 19, 2007 - Sep 18, 2007
#6	-8.57% May 1, 2013 - May 1, 2014	-19.14% Oct 16, 2025 - Dec 11, 2025
#7	-7.66% Mar 17, 2004 - Sep 16, 2004	-19.03% Apr 8, 2011 - Sep 2, 2011
#8	-6.64% Dec 31, 2020 - Aug 3, 2021	-18.56% Nov 6, 2007 - Jan 3, 2008
#9	-6.03% Feb 2, 2015 - Apr 1, 2016	-17.71% Jun 2, 2006 - Jul 3, 2006
#10	-5.86% Sep 6, 2016 - Jun 14, 2017	-17.58% Jan 28, 2026 - Feb 26, 2026
#11	-5.63% Dec 29, 2017 - Mar 12, 2019	-16.18% Dec 6, 2010 - Apr 8, 2011
#12	-5.23% Nov 4, 2010 - May 5, 2011	-13.48% Apr 16, 2007 - Jul 19, 2007
#13	-4.85% Aug 31, 2005 - Sep 19, 2006	-12.82% Feb 26, 2007 - Apr 16, 2007
#14	-4.66% Nov 4, 2011 - Jan 17, 2012	-12.32% Jan 14, 2008 - Feb 28, 2008
#15	-4.34% Sep 27, 2002 - Nov 7, 2002	-10.99% Jul 3, 2006 - Aug 2, 2006

Correlation

Correlation between LQD and GDX is 0.06 which considered as a very weak or no correlation - the stocks move independently of each other.

0.06

-101

Dividend Comparison (2002 - 2026)

LQD vs GDX dividend yield comparison.

Year	LQD	GDX
2026	1.52%	0.00%
2025	4.48%	0.74%
2024	4.45%	1.19%
2023	3.99%	1.61%
2022	3.30%	1.66%
2021	2.30%	1.67%
2020	2.66%	0.53%
2019	3.29%	0.67%
2018	3.67%	0.50%
2017	3.10%	0.76%
2016	3.34%	0.26%
2015	3.47%	0.85%
2014	3.39%	0.66%
2013	3.83%	0.90%
2012	3.83%	1.00%
2011	4.39%	1.46%
2010	4.87%	0.65%
2009	5.50%	0.24%
2008	5.37%	0.00%
2007	5.45%	3.25%
2006	5.04%	0.29%
2005	4.76%	0.00%
2004	4.66%	0.00%
2003	4.96%	0.00%
2002	2.26%	0.00%