LQD vs GLDM

Comparison between ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF (LQD, ETF) and SPDR Gold MiniShares Trust (GLDM, ETF).

5-Year PerformanceGLDM has outperformed LQD, delivering a return of +20.6% compared to +0.2%

LQD vs GLDM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LQD(ETF)	GLDM(ETF)
Net Assets	$31B	$31B
Expense Ratio	0.14%	0.10%
Max Drawdown	30.46%	21.63%
Sharpe Ratio	0.53	1.39
5Y Beta	0.14	0.17
5Y Dividends CAGR	9.18%	N/A

Net Assets

LQD

$31B

Winner

GLDM

$31B

Expense Ratio

LQD

0.14%

Winner

GLDM

0.10%

Max Drawdown

LQD

30.46%

Winner

GLDM

21.63%

Sharpe Ratio

LQD

0.53

Winner

GLDM

1.39

5Y Beta

Winner

LQD

0.14

GLDM

0.17

5Y Dividends CAGR

LQD

9.18%

GLDM

N/A

LQD vs GLDM - Historical Returns

Returns include dividend reinvestment.

Period	LQD	GLDM
1 month	-0.52%	-1.13%
3 months	-1.54%	-6.86%
6 months	+0.52%	+12.57%
1 year	+6.51%	+44.20%
5 years(CAGR)	+0.18%	+20.60%
10 years(CAGR)	+2.53%	N/A
Max(CAGR)	+4.48%	+18.00%

Winner

LQD

-0.52%

GLDM

-1.13%

Winner

LQD

-1.54%

GLDM

-6.86%

LQD

+0.52%

Winner

GLDM

+12.57%

LQD

+6.51%

Winner

GLDM

+44.20%

5Y(CAGR)

LQD

+0.18%

Winner

GLDM

+20.60%

10Y(CAGR)

LQD

+2.53%

GLDM

N/A

Max(CAGR)

LQD

+4.48%

Winner

GLDM

+18.00%

LQD vs GLDM - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	LQD	GLDM
2026	+0.11%	+8.21%
2025	+7.89%	+62.02%
2024	+1.55%	+27.40%
2023	+8.65%	+12.08%
2022	-17.05%	+1.09%
2021	-1.34%	-6.10%
2020	+10.74%	+24.20%
2019	+17.00%	+18.00%
2018	-3.14%	+1.84%
2017	+6.96%	N/A
2016	+6.27%	N/A
2015	-1.60%	N/A
2014	+8.00%	N/A
2013	-2.22%	N/A
2012	+10.67%	N/A
2011	+9.31%	N/A
2010	+8.75%	N/A
2009	+9.58%	N/A
2008	+1.20%	N/A
2007	+3.95%	N/A
2006	+3.65%	N/A
2005	+0.51%	N/A
2004	+6.48%	N/A
2003	+8.29%	N/A
2002	+9.86%	N/A

LQD vs GLDM 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 GLDM was -21.63%, occurring on Sep 26, 2022. Recovery took 853 trading sessions.

The current LQD drawdown is -4.10%. The current GLDM drawdown is -13.10%.

Rank	LQD	GLDM
#1	-24.96% Sep 22, 2021 - Oct 20, 2022	-21.63% Aug 6, 2020 - Dec 27, 2023
#2	-21.76% Mar 6, 2020 - Jun 10, 2020	-19.14% Jan 29, 2026 - Mar 26, 2026
#3	-21.54% May 1, 2008 - Jan 9, 2009	-12.54% Mar 9, 2020 - Apr 9, 2020
#4	-10.86% Jan 9, 2009 - Jun 25, 2009	-10.07% Oct 20, 2025 - Dec 22, 2025
#5	-8.70% Jun 13, 2003 - Mar 5, 2004	-8.09% Oct 30, 2024 - Jan 30, 2025
#6	-8.57% May 1, 2013 - May 1, 2014	-7.11% Apr 21, 2025 - Jun 13, 2025
#7	-7.66% Mar 17, 2004 - Sep 16, 2004	-6.78% Jul 9, 2018 - Dec 20, 2018
#8	-6.64% Dec 31, 2020 - Aug 3, 2021	-6.45% Sep 4, 2019 - Jan 6, 2020
#9	-6.03% Feb 2, 2015 - Apr 1, 2016	-5.72% May 20, 2024 - Jul 16, 2024
#10	-5.86% Sep 6, 2016 - Jun 14, 2017	-5.26% Feb 19, 2019 - Jun 18, 2019
#11	-5.63% Dec 29, 2017 - Mar 12, 2019	-4.89% Feb 24, 2020 - Mar 5, 2020
#12	-5.23% Nov 4, 2010 - May 5, 2011	-4.84% Dec 26, 2025 - Jan 12, 2026
#13	-4.85% Aug 31, 2005 - Sep 19, 2006	-4.77% Jun 13, 2025 - Aug 29, 2025
#14	-4.66% Nov 4, 2011 - Jan 17, 2012	-4.73% Mar 31, 2025 - Apr 10, 2025
#15	-4.34% Sep 27, 2002 - Nov 7, 2002	-4.35% Jul 16, 2024 - Aug 12, 2024