LQD vs XLI

Comparison between ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF (LQD, ETF) and THE INDUSTRIAL SELECT SECTOR SPDR FUND (XLI, ETF).

5-Year PerformanceXLI has outperformed LQD, delivering a return of +12.1% compared to +0.1%

LQD vs XLI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LQD(ETF)	XLI(ETF)
Net Assets	$29B	$28B
Expense Ratio	0.14%	0.08%
Max Drawdown	30.46%	63.34%
Sharpe Ratio	0.52	1.57
5Y Beta	0.14	0.89
P/E Ratio	N/A	32.67
Forward P/E	N/A	26.30
PEG Ratio	N/A	0.70
5Y Dividends CAGR	9.18%	7.99%
5Y EPS CAGR	N/A	10.48%
Debt to Equity	N/A	65.95%
P/S Ratio	N/A	3.19
P/B Ratio	N/A	7.10

Net Assets

Winner

LQD

$29B

XLI

$28B

Expense Ratio

LQD

0.14%

Winner

XLI

0.08%

Max Drawdown

Winner

LQD

30.46%

XLI

63.34%

Sharpe Ratio

LQD

0.52

Winner

XLI

1.57

5Y Beta

Winner

LQD

0.14

XLI

0.89

P/E Ratio

LQD

N/A

XLI

32.67

Forward P/E

LQD

N/A

XLI

26.30

PEG Ratio

LQD

N/A

XLI

0.70

5Y Dividends CAGR

Winner

LQD

9.18%

XLI

7.99%

5Y EPS CAGR

LQD

N/A

XLI

10.48%

Debt to Equity

LQD

N/A

XLI

65.95%

P/S Ratio

LQD

N/A

XLI

3.19

P/B Ratio

LQD

N/A

XLI

7.10

LQD vs XLI - Historical Returns

Returns include dividend reinvestment.

Period	LQD	XLI
1 month	+0.13%	+1.62%
3 months	-0.09%	-0.01%
6 months	+0.91%	+13.66%
1 year	+7.11%	+29.05%
5 years(CAGR)	+0.07%	+12.14%
10 years(CAGR)	+2.62%	+14.06%
Max(CAGR)	+4.51%	+9.17%

LQD

+0.13%

Winner

XLI

+1.62%

LQD

-0.09%

Winner

XLI

-0.01%

LQD

+0.91%

Winner

XLI

+13.66%

LQD

+7.11%

Winner

XLI

+29.05%

5Y(CAGR)

LQD

+0.07%

Winner

XLI

+12.14%

10Y(CAGR)

LQD

+2.62%

Winner

XLI

+14.06%

Max(CAGR)

LQD

+4.51%

Winner

XLI

+9.17%

LQD vs XLI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	LQD	XLI
2026	+0.64%	+9.94%
2025	+7.89%	+19.75%
2024	+1.55%	+18.50%
2023	+8.65%	+17.87%
2022	-17.05%	-4.80%
2021	-1.34%	+24.08%
2020	+10.74%	+8.90%
2019	+17.00%	+28.43%
2018	-3.14%	-13.75%
2017	+6.96%	+23.23%
2016	+6.27%	+21.64%
2015	-1.60%	-4.19%
2014	+8.00%	+11.92%
2013	-2.22%	+37.25%
2012	+10.67%	+12.46%
2011	+9.31%	-1.82%
2010	+8.75%	+25.43%
2009	+9.58%	+17.74%
2008	+1.20%	-37.71%
2007	+3.95%	+12.77%
2006	+3.65%	+13.25%
2005	+0.51%	+3.64%
2004	+6.48%	+17.84%
2003	+8.29%	+28.54%
2002	+9.86%	-24.58%
2001	N/A	-6.01%
2000	N/A	+9.58%
1999	N/A	+8.76%

LQD vs XLI 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 XLI was -62.27%, occurring on Mar 9, 2009. Recovery took 896 trading sessions.

The current LQD drawdown is -3.59%. The current XLI drawdown is -2.92%.

Rank	LQD	XLI
#1	-24.96% Sep 22, 2021 - Oct 20, 2022	-62.27% Oct 9, 2007 - Apr 29, 2011
#2	-21.76% Mar 6, 2020 - Jun 10, 2020	-43.29% Dec 11, 2000 - Dec 1, 2004
#3	-21.54% May 1, 2008 - Jan 9, 2009	-42.31% Feb 12, 2020 - Nov 9, 2020
#4	-10.86% Jan 9, 2009 - Jun 25, 2009	-25.84% Apr 29, 2011 - Mar 15, 2012
#5	-8.70% Jun 13, 2003 - Mar 5, 2004	-24.10% Sep 21, 2018 - Jul 24, 2019
#6	-8.57% May 1, 2013 - May 1, 2014	-21.66% Jan 4, 2022 - Jun 15, 2023
#7	-7.66% Mar 17, 2004 - Sep 16, 2004	-18.50% Nov 29, 2024 - May 16, 2025
#8	-6.64% Dec 31, 2020 - Aug 3, 2021	-15.69% Feb 20, 2015 - Apr 27, 2016
#9	-6.03% Feb 2, 2015 - Apr 1, 2016	-14.93% Dec 31, 1999 - Apr 7, 2000
#10	-5.86% Sep 6, 2016 - Jun 14, 2017	-12.57% Aug 1, 2023 - Dec 12, 2023
#11	-5.63% Dec 29, 2017 - Mar 12, 2019	-12.44% May 5, 2006 - Nov 16, 2006
#12	-5.23% Nov 4, 2010 - May 5, 2011	-12.22% Mar 2, 2026 - Mar 30, 2026
#13	-4.85% Aug 31, 2005 - Sep 19, 2006	-12.16% Mar 16, 2012 - Dec 10, 2012
#14	-4.66% Nov 4, 2011 - Jan 17, 2012	-11.41% May 16, 2000 - Aug 11, 2000
#15	-4.34% Sep 27, 2002 - Nov 7, 2002	-11.30% Jan 26, 2018 - Sep 21, 2018

Correlation

Correlation between LQD and XLI is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (1999 - 2026)

LQD vs XLI dividend yield comparison.

Year	LQD	XLI
2026	1.52%	0.26%
2025	4.48%	1.29%
2024	4.45%	1.44%
2023	3.99%	1.63%
2022	3.30%	1.63%
2021	2.30%	1.25%
2020	2.66%	1.55%
2019	3.29%	1.94%
2018	3.67%	2.15%
2017	3.10%	1.77%
2016	3.34%	2.07%
2015	3.47%	2.15%
2014	3.39%	1.85%
2013	3.83%	1.67%
2012	3.83%	2.27%
2011	4.39%	2.16%
2010	4.87%	1.68%
2009	5.50%	2.32%
2008	5.37%	3.10%
2007	5.45%	1.45%
2006	5.04%	2.22%
2005	4.76%	1.56%
2004	4.66%	1.30%
2003	4.96%	1.28%
2002	2.26%	1.60%
2001	0.00%	1.23%
2000	0.00%	1.06%
1999	0.00%	0.66%