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 +18.3% compared to -0.2%
LQD vs GDX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
LQD
$30B
GDX
$27B
Expense Ratio
Winner
LQD
0.14%
GDX
0.51%
Max Drawdown
Winner
LQD
30.46%
GDX
81.28%
Sharpe Ratio
LQD
0.31
Winner
GDX
1.01
5Y Beta
Winner
LQD
0.14
GDX
0.80
P/E Ratio
LQD
N/A
GDX
15.08
Forward P/E
LQD
N/A
GDX
10.93
5Y Dividends CAGR
LQD
7.94%
Winner
GDX
21.83%
5Y EPS CAGR
LQD
N/A
GDX
53.30%
Debt to Equity
LQD
N/A
GDX
13.94%
P/S Ratio
LQD
N/A
GDX
3.15
P/B Ratio
LQD
N/A
GDX
3.08
LQD vs GDX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
LQD
+1.34%
GDX
-12.27%
3M
Winner
LQD
+2.19%
GDX
-10.67%
6M
Winner
LQD
+0.77%
GDX
-16.85%
1Y
LQD
+5.08%
Winner
GDX
+44.84%
5Y(CAGR)
LQD
-0.16%
Winner
GDX
+18.34%
10Y(CAGR)
LQD
+2.52%
Winner
GDX
+11.90%
Max(CAGR)
LQD
+4.51%
Winner
GDX
+4.51%
LQD vs GDX - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | LQD | GDX |
|---|---|---|
| 2026 | +1.22% | -12.99% |
| 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 -3.04%. The current GDX drawdown is -35.61%.
| 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 | -36.28% Feb 27, 2026 - Jun 10, 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 0.08 which considered as a very weak or no correlation - the stocks move independently of each other.
0.08
-101
Dividend Comparison (2002 - 2026)
LQD vs GDX dividend yield comparison.
| Year | LQD | GDX |
|---|---|---|
| 2026 | 1.90% | 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% |
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