SPIB vs. LQD - ETF Comparison
SPIB - SPDR Portfolio Intermediate Term Corporate Bond ETF
The SPDR Portfolio Intermediate Term Corporate Bond ETF is an exchange-traded fund that tracks the Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate index, providing investors with exposure to a diversified portfolio of investment-grade corporate bonds with intermediate-term maturities.
LQD - iShares iBoxx $ Investment Grade Corporate Bond ETF
The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) provides exposure to investment grade corporate bonds in the United States, offering a diversified portfolio of fixed income securities with attractive yields and relatively low risk. This ETF is suitable for long-term investors seeking to build a core bond portfolio, and can be used to complement government bond-heavy portfolios. With a low expense ratio and a deep underlying portfolio, LQD is a cost-efficient option for investors seeking broad exposure to the corporate bond market.
| SPIB | LQD | |
|---|---|---|
| Fund Name | SPDR Portfolio Intermediate Term Corporate Bond ETF | iShares iBoxx $ Investment Grade Corporate Bond ETF |
| Fund Provider | State Street | BlackRock |
| Index | Bloomberg US Aggregate Credit - Corporate - Investment Grade - Intermediate | iBoxx USD Liquid Investment Grade Index |
| Asset Class | Bonds | Bonds |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.04% | 0.14% |
| Inception Date | 2009-02-10 | 2002-07-22 |
| Number Of Holdings | 4657 | 2760 |
| Currency | USD | USD |
| Region | Developed Markets | United States |
| Sector | Financials | Financials |
| Sector Detail | Corporate Bonds | Corporate Bonds |
| Bond Type | Corporate Bonds | Corporate Bonds |
| Leveraged | Non-leveraged | Non-leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.