iShares Investment Grade Corporate Bond (LQD): Historical Returns

Data Source: from January 1871 to February 2024 (~153 years)
Consolidated Returns as of 29 February 2024
Live Update: Mar 01 2024
Category: Fixed Income
iShares Investment Grade Corporate Bond (LQD) ETF
ETF • LIVE PERFORMANCE (USD currency)
0.61%
1 Day
Mar 01 2024
0.61%
Current Month
March 2024

In the last 30 Years, the iShares Investment Grade Corporate Bond (LQD) ETF obtained a 5.11% compound annual return, with a 7.22% standard deviation.

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The ETF is related to the following investment themes:

  • Asset Class: Bond
  • Region: North America
  • Country: U.S.
  • Bond - Duration: All-Term

The iShares Investment Grade Corporate Bond (LQD) ETF is part of the following Lazy Portfolios:

Portfolio Name Author LQD Weight Currency
Global Market Portfolio Credit Suisse 22.00% USD
Shield Strategy Aim Ways 22.00% USD
Rob Arnott Portfolio Rob Arnott 20.00% USD
One-Decision Portfolio Marvin Appel 20.00% USD
GAA Global Asset Allocation Mebane Faber 19.80% USD
Edge Select Moderately Conservative Merrill Lynch 15.00% USD
In Saecula Saeculorum Fulvio Marchese 15.00% USD
Edge Select Moderate Merrill Lynch 14.00% USD
Edge Select Conservative Merrill Lynch 10.00% USD
PISI Portfolio Davide Pisicchio 10.00% USD
Late Sixties and Beyond Burton Malkiel 9.50% USD
Edge Select Moderately Aggressive Merrill Lynch 9.00% USD
Mid-Fifties Burton Malkiel 7.50% USD
Late Thirties to Early Forties Burton Malkiel 5.00% USD
Edge Select Aggressive Merrill Lynch 4.00% USD
Mid-Twenties Burton Malkiel 4.00% USD

Investment Returns as of Feb 29, 2024

The iShares Investment Grade Corporate Bond (LQD) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
ISHARES INVESTMENT GRADE CORPORATE BOND (LQD) ETF
Consolidated returns as of 29 February 2024
Live Update: Mar 01 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Feb 29, 2024
  1 Day Time ET(*) Mar 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~153Y)
iShares Investment Grade Corporate Bond (LQD) ETF 0.61 0.61 -1.93 3.66 5.99 1.67 2.43 5.11 4.63
US Inflation Adjusted return -1.93 2.49 3.19 -2.33 -0.34 2.53 2.45
Returns over 1 year are annualized | Available data source: since Jan 1871
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Pending updates, the monthly inflation is set at 0% for the subsequent periods. Current inflation (annualized) is 1Y: 2.71% , 5Y: 4.10% , 10Y: 2.77% , 30Y: 2.52%

In 2023, the iShares Investment Grade Corporate Bond (LQD) ETF granted a 4.27% dividend yield. If you are interested in getting periodic income, please refer to the iShares Investment Grade Corporate Bond (LQD) ETF: Dividend Yield page.

Capital Growth as of Feb 29, 2024

An investment of 1$, since March 1994, now would be worth 4.47$, with a total return of 346.59% (5.11% annualized).

The Inflation Adjusted Capital now would be 2.12$, with a net total return of 111.55% (2.53% annualized).
An investment of 1$, since January 1871, now would be worth 1017.63$, with a total return of 101663.23% (4.63% annualized).

The Inflation Adjusted Capital now would be 41.00$, with a net total return of 4000.47% (2.45% annualized).

Investment Metrics as of Feb 29, 2024

Metrics of iShares Investment Grade Corporate Bond (LQD) ETF, updated as of 29 February 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
ISHARES INVESTMENT GRADE CORPORATE BOND (LQD) ETF
Advanced Metrics
Data Source: 1 January 1871 - 29 February 2024 (~153 years)
Swipe left to see all data
Metrics as of Feb 29, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~153Y)
Investment Return (%) -1.93 2.38 3.66 5.99 -3.57 1.67 2.43 3.85 5.11 4.63
Infl. Adjusted Return (%) details -1.93 1.83 2.49 3.19 -8.61 -2.33 -0.34 1.25 2.53 2.45
US Inflation (%) 0.00 0.54 1.14 2.71 5.52 4.10 2.77 2.56 2.52 2.12
Pending updates, the monthly inflation after Jan 2024 is set at 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -7.88 -22.99 -23.27 -23.27 -23.27 -23.27 -23.27
Start to Recovery (# months) details 8 31* 38* 38* 38* 38* 38*
Start (yyyy mm) 2023 05 2021 08 2021 01 2021 01 2021 01 2021 01 2021 01
Start to Bottom (# months) 6 15 22 22 22 22 22
Bottom (yyyy mm) 2023 10 2022 10 2022 10 2022 10 2022 10 2022 10 2022 10
Bottom to End (# months) 2 16 16 16 16 16 16
End (yyyy mm) 2023 12 - - - - - -
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
-3.90
Start to Recovery (# months) details 40
Start (yyyy mm) 2023 05 2021 08 2021 01 2021 01 2021 01 2021 01 1954 08
Start to Bottom (# months) 6 15 22 22 22 22 29
Bottom (yyyy mm) 2023 10 2022 10 2022 10 2022 10 2022 10 2022 10 1956 12
Bottom to End (# months) 2 16 16 16 16 16 11
End (yyyy mm) 2023 12 - - - - - 1957 11
Longest negative period (# months) details 8 36* 56 75 75 75 75
Period Start (yyyy mm) 2023 03 2021 03 2019 03 2016 08 2016 08 2016 08 2016 08
Period End (yyyy mm) 2023 10 2024 02 2023 10 2022 10 2022 10 2022 10 2022 10
Annualized Return (%) -5.58 -3.57 -0.29 -0.19 -0.19 -0.19 -0.19
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -9.23 -30.64 -33.63 -33.63 -33.63 -33.63 -56.50
Start to Recovery (# months) details 8 31* 43* 43* 43* 43* 539
Start (yyyy mm) 2023 05 2021 08 2020 08 2020 08 2020 08 2020 08 1941 05
Start to Bottom (# months) 6 27 39 39 39 39 485
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10 1981 09
Bottom to End (# months) 2 4 4 4 4 4 54
End (yyyy mm) 2023 12 - - - - - 1986 03
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 05 2021 08 2020 08 2020 08 2020 08 2020 08 1941 05
Start to Bottom (# months) 6 27 39 39 39 39 485
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2023 10 2023 10 1981 09
Bottom to End (# months) 2 4 4 4 4 4 54
End (yyyy mm) 2023 12 - - - - - 1986 03
Longest negative period (# months) details 11* 36* 60* 120* 158 158 1013
Period Start (yyyy mm) 2023 04 2021 03 2019 03 2014 03 2010 09 2010 09 1897 05
Period End (yyyy mm) 2024 02 2024 02 2024 02 2024 02 2023 10 2023 10 1981 09
Annualized Return (%) -0.60 -8.61 -2.33 -0.34 -0.15 -0.15 -0.01
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 10.97 11.38 10.43 8.12 8.03 7.22 5.51
Sharpe Ratio 0.07 -0.52 -0.01 0.15 0.31 0.40 0.11
Sortino Ratio 0.12 -0.79 -0.02 0.22 0.44 0.55 0.17
Ulcer Index 2.90 13.52 10.84 7.94 6.03 5.04 3.08
Ratio: Return / Standard Deviation 0.55 -0.31 0.16 0.30 0.48 0.71 0.84
Ratio: Return / Deepest Drawdown 0.76 -0.16 0.07 0.10 0.17 0.22 0.20
% Positive Months details 50% 41% 53% 55% 58% 61% 67%
Positive Months 6 15 32 66 140 222 1234
Negative Months 6 21 28 54 100 138 604
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 2.43 6.70 8.39 15.99
Worst 10 Years Return (%) - Annualized 1.29 1.29 0.79
Best 10 Years Return (%) - Annualized -0.34 5.20 5.77 11.59
Worst 10 Years Return (%) - Annualized -1.23 -1.23 -5.64
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 27.77 15.16 10.63 8.39 7.02 5.11
Worst Rolling Return (%) - Annualized -21.95 -6.71 -0.57 1.29 3.64
% Positive Periods 82% 92% 99% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 83.92 26.54 19.41 10.61 6.16 5.53
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 1.19 2.91
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 28.05 13.48 9.01 5.77 4.67 2.53
Worst Rolling Return (%) - Annualized -27.57 -11.76 -4.25 -1.23 1.03
% Positive Periods 69% 87% 90% 92% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 83.92 26.54 19.41 10.61 6.16 5.53
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 1.19 2.91
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1871 - Feb 2024)
Best Rolling Return (%) - Annualized 41.60 23.55 23.68 15.99 11.95 9.95
Worst Rolling Return (%) - Annualized -21.95 -6.71 -0.57 0.79 1.74 2.12
% Positive Periods 84% 96% 99% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 83.92 26.05 14.02 7.46 3.69 2.47
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 36.57 19.39 19.47 11.59 8.38 6.74
Worst Rolling Return (%) - Annualized -27.57 -14.58 -12.20 -5.64 -2.52 -1.41
% Positive Periods 63% 73% 70% 72% 76% 83%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 83.92 26.05 14.02 7.46 3.69 2.47
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Feb 29, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of iShares Investment Grade Corporate Bond (LQD) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES INVESTMENT GRADE CORPORATE BOND (LQD) ETF
Monthly correlations as of 29 February 2024
Swipe left to see all data
Correlation vs LQD
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.75
0.67
0.57
0.32
0.33
SPY
US Large Cap
0.77
0.67
0.57
0.33
0.33
IJR
US Small Cap
0.60
0.56
0.45
0.25
0.25
VNQ
US REITs
0.80
0.72
0.69
0.44
0.44
QQQ
US Technology
0.72
0.69
0.57
0.22
0.22
PFF
Preferred Stocks
0.61
0.76
0.74
0.59
0.59
EFA
EAFE Stocks
0.83
0.71
0.62
0.36
0.36
VT
World All Countries
0.79
0.71
0.62
0.35
0.35
EEM
Emerging Markets
0.66
0.66
0.59
0.29
0.30
VGK
Europe
0.84
0.69
0.61
0.36
0.36
VPL
Pacific
0.79
0.69
0.59
0.32
0.31
FLLA
Latin America
0.74
0.50
0.45
0.26
0.25
BND
US Total Bond Market
0.99
0.96
0.94
0.87
0.87
TLT
Long Term Treasuries
0.98
0.74
0.73
0.67
0.67
BIL
US Cash
0.19
0.06
0.04
0.00
0.01
TIP
TIPS
0.94
0.83
0.82
0.74
0.74
HYG
High Yield Bonds
0.96
0.81
0.74
0.63
0.64
CWB
US Convertible Bonds
0.72
0.63
0.57
0.39
0.39
BNDX
International Bonds
0.94
0.89
0.86
0.69
0.69
EMB
Emerg. Market Bonds
0.91
0.86
0.85
0.58
0.59
GLD
Gold
0.38
0.45
0.42
0.26
0.25
DBC
Commodities
-0.14
0.10
0.08
0.13
0.13

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

ISHARES INVESTMENT GRADE CORPORATE BOND (LQD) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1871 - 29 February 2024 (~153 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-23.27% Jan 2021 Oct 2022 22 in progress 16 38 13.50
-15.11% Feb 2008 Oct 2008 9 Jun 2009 8 17 6.30
-6.38% May 2013 Jun 2013 2 Apr 2014 10 12 3.94
-6.31% Mar 2020 Mar 2020 1 May 2020 2 3 3.28
-5.97% Jun 2003 Jul 2003 2 Dec 2003 5 7 2.76
-5.54% Jan 2018 Nov 2018 11 Mar 2019 4 15 3.34
-5.31% Feb 2015 Aug 2015 7 Apr 2016 8 15 3.56
-4.95% Sep 2016 Nov 2016 3 Jul 2017 8 11 2.61
-4.56% Feb 1996 May 1996 4 Oct 1996 5 9 2.90
-4.39% Apr 2004 May 2004 2 Aug 2004 3 5 3.17
-3.98% Mar 1994 Nov 1994 9 Feb 1995 3 12 2.85
-3.91% Feb 1999 Aug 1999 7 Jun 2000 10 17 2.34
-3.81% Sep 2005 Jun 2006 10 Sep 2006 3 13 2.58
-3.16% Nov 2011 Nov 2011 1 Dec 2011 1 2 1.82
-2.84% May 2007 Jul 2007 3 Sep 2007 2 5 1.52
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 130 2.8 Months 36.01%
 
DD = 0% 36.01%
 
0% < DD <= -5% 189 1.9 Months 52.35%
 
DD <= -5% 88.37%
 
-5% < DD <= -10% 15 24.1 Months 4.16%
 
DD <= -10% 92.52%
 
-10% < DD <= -15% 8 45.1 Months 2.22%
 
DD <= -15% 94.74%
 
-15% < DD <= -20% 16 22.6 Months 4.43%
 
DD <= -20% 99.17%
 
-20% < DD <= -25% 3 120.3 Months 0.83%
 
DD <= -25% 100.00%
 
-25% < DD <= -30% 0 - 0.00%
 
DD <= -30% 100.00%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-33.63% Aug 2020 Oct 2023 39 in progress 4 43 21.00
-17.06% Jul 2005 Oct 2008 40 Dec 2008 2 42 5.42
-7.70% Aug 2016 Nov 2018 28 May 2019 6 34 3.90
-7.48% Jan 2009 Feb 2009 2 Jul 2009 5 7 4.10
-6.95% May 2013 Aug 2013 4 Aug 2014 12 16 4.03
-6.62% Feb 2015 Aug 2015 7 Jun 2016 10 17 4.28
-6.38% Jun 2003 Jul 2003 2 Jan 2004 6 8 3.07
-6.28% Oct 1998 May 2000 20 Dec 2000 7 27 3.67
-5.97% Mar 1994 Nov 1994 9 Apr 1995 5 14 3.82
-5.91% Mar 2020 Mar 2020 1 May 2020 2 3 2.97
-5.60% Feb 1996 May 1996 4 Nov 1996 6 10 3.67
-5.18% Apr 2004 Jun 2004 3 Jan 2005 7 10 2.83
-4.14% Oct 2010 Mar 2011 6 Jul 2011 4 10 2.55
-3.34% Nov 2011 Nov 2011 1 Dec 2011 1 2 1.93
-2.95% Feb 2005 Mar 2005 2 Jun 2005 3 5 1.55
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 80 4.5 Months 22.16%
 
DD = 0% 22.16%
 
0% < DD <= -5% 197 1.8 Months 54.57%
 
DD <= -5% 76.73%
 
-5% < DD <= -10% 55 6.6 Months 15.24%
 
DD <= -10% 91.97%
 
-10% < DD <= -15% 3 120.3 Months 0.83%
 
DD <= -15% 92.80%
 
-15% < DD <= -20% 3 120.3 Months 0.83%
 
DD <= -20% 93.63%
 
-20% < DD <= -25% 3 120.3 Months 0.83%
 
DD <= -25% 94.46%
 
-25% < DD <= -30% 16 22.6 Months 4.43%
 
DD <= -30% 98.89%
 
-30% < DD <= -35% 4 90.3 Months 1.11%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-23.27% Jan 2021 Oct 2022 22 in progress 16 38 13.50
-17.38% Jul 1979 Feb 1980 8 Jun 1980 4 12 8.41
-15.79% Jul 1980 Sep 1981 15 Apr 1982 7 22 8.54
-15.11% Feb 2008 Oct 2008 9 Jun 2009 8 17 6.30
-11.08% Dec 1973 Aug 1974 9 Oct 1975 14 23 6.10
-9.60% May 1958 Sep 1959 17 Jul 1960 10 27 6.18
-8.54% Jul 1895 Aug 1896 14 Jan 1897 5 19 5.09
-7.86% Mar 1987 Sep 1987 7 Dec 1987 3 10 4.11
-7.83% Apr 1971 Jul 1971 4 Oct 1971 3 7 4.60
-7.56% Aug 1968 Dec 1969 17 Feb 1970 2 19 4.07
-7.43% Feb 1984 May 1984 4 Jul 1984 2 6 3.90
-6.89% Sep 1931 Jan 1932 5 Jun 1932 5 10 3.38
-6.38% May 2013 Jun 2013 2 Apr 2014 10 12 3.94
-6.31% Mar 2020 Mar 2020 1 May 2020 2 3 3.28
-6.23% Feb 1994 Nov 1994 10 Apr 1995 5 15 4.46
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 795 2.3 Months 43.23%
 
DD = 0% 43.23%
 
0% < DD <= -5% 914 2.0 Months 49.70%
 
DD <= -5% 92.93%
 
-5% < DD <= -10% 92 20.0 Months 5.00%
 
DD <= -10% 97.93%
 
-10% < DD <= -15% 16 114.9 Months 0.87%
 
DD <= -15% 98.80%
 
-15% < DD <= -20% 19 96.8 Months 1.03%
 
DD <= -20% 99.84%
 
-20% < DD <= -25% 3 613.0 Months 0.16%
 
DD <= -25% 100.00%
 
-25% < DD <= -30% 0 - 0.00%
 
DD <= -30% 100.00%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-56.50% May 1941 Sep 1981 485 Mar 1986 54 539 29.16
-48.39% Mar 1916 Jun 1920 52 Nov 1929 113 165 22.82
-33.63% Aug 2020 Oct 2023 39 in progress 4 43 21.00
-18.25% Aug 1897 Oct 1902 63 Feb 1911 100 163 10.85
-17.88% Jul 1879 Jan 1880 7 Sep 1883 44 51 10.30
-17.06% Jul 2005 Oct 2008 40 Dec 2008 2 42 5.42
-12.88% Jul 1892 Feb 1893 8 Nov 1893 9 17 6.78
-10.77% Sep 1986 Sep 1987 13 Jan 1988 4 17 5.04
-10.08% Sep 1871 Apr 1872 8 Jun 1873 14 22 7.17
-9.33% May 1911 Oct 1913 30 Feb 1915 16 46 5.44
-8.86% Jul 1886 Jan 1888 19 Feb 1889 13 32 4.70
-8.66% Jul 1876 Jan 1877 7 Jun 1877 5 12 4.19
-8.42% Feb 1994 Nov 1994 10 May 1995 6 16 5.75
-7.94% Apr 1895 Oct 1895 7 Jun 1896 8 15 4.37
-7.70% Aug 2016 Nov 2018 28 May 2019 6 34 3.90
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 299 6.2 Months 16.26%
 
DD = 0% 16.26%
 
0% < DD <= -5% 516 3.6 Months 28.06%
 
DD <= -5% 44.32%
 
-5% < DD <= -10% 248 7.4 Months 13.49%
 
DD <= -10% 57.80%
 
-10% < DD <= -15% 170 10.8 Months 9.24%
 
DD <= -15% 67.05%
 
-15% < DD <= -20% 43 42.8 Months 2.34%
 
DD <= -20% 69.39%
 
-20% < DD <= -25% 142 13.0 Months 7.72%
 
DD <= -25% 77.11%
 
-25% < DD <= -30% 168 10.9 Months 9.14%
 
DD <= -30% 86.24%
 
-30% < DD <= -35% 164 11.2 Months 8.92%
 
DD <= -35% 95.16%
 
-35% < DD <= -40% 39 47.2 Months 2.12%
 
DD <= -40% 97.28%
 
-40% < DD <= -45% 17 108.2 Months 0.92%
 
DD <= -45% 98.21%
 
-45% < DD <= -50% 19 96.8 Months 1.03%
 
DD <= -50% 99.24%
 
-50% < DD <= -55% 12 153.3 Months 0.65%
 
DD <= -55% 99.89%
 
-55% < DD <= -60% 2 919.5 Months 0.11%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

ISHARES INVESTMENT GRADE CORPORATE BOND (LQD) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1871 - 29 February 2024 (~153 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -21.95 11/2021
10/2022
0.78$ -0.62 0.99$ 6.23 1.06$ 11.77 1.11$ 27.77 11/2008
10/2009
1.27$ 5.99 17.19%
2Y -10.85 11/2021
10/2023
0.79$ 2.00 1.04$ 5.60 1.11$ 9.91 1.20$ 19.51 11/2008
10/2010
1.42$ -3.61 10.39%
3Y -6.71 11/2020
10/2023
0.81$ 2.66 1.08$ 5.90 1.18$ 9.00 1.29$ 15.16 11/2008
10/2011
1.52$ -3.57 7.38%
5Y -0.57 11/2017
10/2022
0.97$ 3.43 1.18$ 5.89 1.33$ 7.71 1.44$ 10.63 11/2008
10/2013
1.65$ 1.67 0.66%
7Y 0.33 11/2016
10/2023
1.02$ 4.02 1.31$ 6.02 1.50$ 7.31 1.63$ 8.77 11/1994
10/2001
1.80$ 1.86 0.00%
10Y 1.29 11/2012
10/2022
1.13$ 5.06 1.63$ 5.94 1.78$ 6.69 1.91$ 8.39 11/1994
10/2004
2.23$ 2.43 0.00%
15Y 3.56 11/2007
10/2022
1.69$ 4.67 1.98$ 5.86 2.34$ 6.68 2.63$ 7.08 12/1994
11/2009
2.78$ 4.67 0.00%
20Y 3.64 11/2003
10/2023
2.04$ 4.40 2.36$ 5.95 3.17$ 6.43 3.47$ 7.02 02/1995
01/2015
3.88$ 3.85 0.00%
30Y 5.11 03/1994
02/2024
4.46$ 5.11 4.46$ 5.11 4.46$ 5.11 4.46$ 5.11 03/1994
02/2024
4.46$ 5.11 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -27.57 11/2021
10/2022
0.72$ -3.65 0.96$ 3.52 1.03$ 9.79 1.09$ 28.05 11/2008
10/2009
1.28$ 3.19 30.95%
2Y -16.53 11/2020
10/2022
0.69$ -0.82 0.98$ 3.78 1.07$ 7.48 1.15$ 18.95 11/2008
10/2010
1.41$ -7.61 19.29%
3Y -11.76 11/2020
10/2023
0.68$ 0.28 1.00$ 3.63 1.11$ 6.49 1.20$ 13.48 11/2008
10/2011
1.46$ -8.61 12.62%
5Y -4.25 11/2017
10/2022
0.80$ 1.39 1.07$ 3.45 1.18$ 5.43 1.30$ 9.01 11/2008
10/2013
1.53$ -2.33 9.97%
7Y -3.06 11/2016
10/2023
0.80$ 2.11 1.15$ 3.69 1.28$ 4.96 1.40$ 7.30 11/2008
10/2015
1.63$ -1.55 8.66%
10Y -1.23 11/2012
10/2022
0.88$ 2.54 1.28$ 3.75 1.44$ 4.32 1.52$ 5.77 11/1994
10/2004
1.75$ -0.34 7.05%
15Y 1.15 11/2007
10/2022
1.18$ 2.46 1.43$ 3.65 1.71$ 4.18 1.84$ 4.64 02/2000
01/2015
1.97$ 2.09 0.00%
20Y 1.03 11/2003
10/2023
1.22$ 1.84 1.43$ 3.72 2.07$ 4.21 2.27$ 4.67 02/1995
01/2015
2.48$ 1.25 0.00%
30Y 2.53 03/1994
02/2024
2.11$ 2.53 2.11$ 2.53 2.11$ 2.53 2.11$ 2.53 03/1994
02/2024
2.11$ 2.53 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -21.95 11/2021
10/2022
0.78$ -0.14 0.99$ 3.96 1.03$ 9.76 1.09$ 41.60 10/1981
09/1982
1.41$ 5.99 15.93%
2Y -10.85 11/2021
10/2023
0.79$ 1.24 1.02$ 3.85 1.07$ 8.62 1.17$ 30.79 07/1984
06/1986
1.71$ -3.61 6.89%
3Y -6.71 11/2020
10/2023
0.81$ 1.91 1.05$ 3.75 1.11$ 7.98 1.25$ 23.55 07/1982
06/1985
1.88$ -3.57 3.72%
5Y -0.57 11/2017
10/2022
0.97$ 2.18 1.11$ 3.91 1.21$ 7.30 1.42$ 23.68 09/1981
08/1986
2.89$ 1.67 0.39%
7Y 0.33 11/2016
10/2023
1.02$ 2.44 1.18$ 3.91 1.30$ 7.09 1.61$ 18.12 10/1981
09/1988
3.20$ 1.86 0.00%
10Y 0.79 01/1950
12/1959
1.08$ 2.59 1.29$ 3.96 1.47$ 7.27 2.01$ 15.99 10/1981
09/1991
4.40$ 2.43 0.00%
15Y 1.32 02/1945
01/1960
1.21$ 2.65 1.48$ 4.04 1.81$ 7.93 3.13$ 13.37 10/1981
09/1996
6.56$ 4.67 0.00%
20Y 1.74 01/1940
12/1959
1.41$ 2.78 1.73$ 3.97 2.17$ 7.82 4.51$ 11.95 10/1981
09/2001
9.56$ 3.85 0.00%
30Y 2.12 01/1940
12/1969
1.87$ 2.94 2.38$ 3.83 3.08$ 8.19 10.60$ 9.95 10/1981
09/2011
17.22$ 5.11 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -27.57 11/2021
10/2022
0.72$ -5.57 0.94$ 2.54 1.02$ 11.13 1.11$ 36.57 07/1982
06/1983
1.36$ 3.19 36.51%
2Y -16.75 10/1979
09/1981
0.69$ -3.31 0.93$ 2.64 1.05$ 9.21 1.19$ 27.33 07/1984
06/1986
1.62$ -7.61 29.70%
3Y -14.58 10/1978
09/1981
0.62$ -2.46 0.92$ 2.78 1.08$ 8.06 1.26$ 19.39 07/1982
06/1985
1.70$ -8.61 26.96%
5Y -12.20 07/1915
06/1920
0.52$ -1.72 0.91$ 2.42 1.12$ 7.11 1.41$ 19.47 09/1981
08/1986
2.43$ -2.33 29.01%
7Y -7.93 07/1913
06/1920
0.56$ -1.41 0.90$ 2.42 1.18$ 6.55 1.55$ 13.98 10/1981
09/1988
2.49$ -1.55 27.18%
10Y -5.64 10/1971
09/1981
0.55$ -1.28 0.87$ 2.54 1.28$ 6.52 1.87$ 11.59 10/1981
09/1991
2.99$ -0.34 27.17%
15Y -3.57 10/1966
09/1981
0.57$ -0.79 0.88$ 2.26 1.39$ 5.77 2.31$ 9.45 10/1981
09/1996
3.87$ 2.09 25.68%
20Y -2.52 10/1961
09/1981
0.60$ -0.62 0.88$ 2.19 1.54$ 4.86 2.58$ 8.38 10/1981
09/2001
5.00$ 1.25 23.89%
30Y -1.41 10/1951
09/1981
0.65$ -0.12 0.96$ 2.18 1.90$ 4.28 3.51$ 6.74 10/1981
09/2011
7.07$ 2.53 16.84%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares Investment Grade Corporate Bond (LQD) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in iShares Investment Grade Corporate Bond (LQD) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.35
40%
-1.88
20%
-0.78
40%
0.05
80%
0.97
80%
0.95
80%
1.85
100%
-0.78
20%
-2.45
0%
-0.54
40%
3.67
80%
0.79
60%
Best 5.2
2023
1.1
2020
3.9
2023
4.8
2020
2.5
2020
3.2
2019
4.4
2022
3.9
2019
-0.4
2020
0.5
2021
7.6
2023
4.9
2023
Worst -3.6
2022
-4.2
2023
-6.3
2020
-6.7
2022
-1.8
2023
-3.6
2022
0.1
2023
-4.4
2022
-6.0
2022
-2.4
2023
-0.1
2021
-1.6
2022
Monthly Seasonality over the period Feb 1871 - Feb 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.79
60%
-1.09
30%
0.01
50%
0.15
70%
0.66
70%
0.60
70%
1.32
90%
-0.18
50%
-1.32
10%
-0.43
50%
1.55
50%
0.68
60%
Best 5.2
2023
1.3
2017
3.9
2023
4.8
2020
2.5
2020
3.2
2019
4.4
2022
3.9
2019
1.2
2015
1.2
2014
7.6
2023
4.9
2023
Worst -3.6
2022
-4.2
2023
-6.3
2020
-6.7
2022
-1.8
2023
-3.6
2022
-0.3
2014
-4.4
2022
-6.0
2022
-2.4
2023
-3.2
2016
-1.6
2022
Monthly Seasonality over the period Feb 1871 - Feb 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.29
67%
0.32
71%
0.32
69%
0.34
68%
0.44
68%
0.48
69%
0.22
61%
0.25
61%
0.28
64%
0.46
67%
0.69
72%
0.61
67%
Best 5.4
1968
6.9
1970
5.5
1986
12.5
1980
7.6
1985
5.3
1986
6.4
1984
6.0
1982
7.3
1982
7.5
1981
9.4
1981
13.8
2008
Worst -3.8
1980
-7.8
1980
-6.3
2020
-6.7
2022
-4.6
1984
-3.6
2022
-5.8
2003
-4.4
2022
-10.7
2008
-7.5
1979
-3.2
2016
-3.7
1981
Monthly Seasonality over the period Feb 1871 - Feb 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the iShares Investment Grade Corporate Bond (LQD) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

ISHARES INVESTMENT GRADE CORPORATE BOND (LQD) ETF
Monthly Returns Distribution
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1871 - 29 February 2024 (~153 years)
222 Positive Months (62%) - 138 Negative Months (38%)
1234 Positive Months (67%) - 604 Negative Months (33%)
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(Scroll down to see all data)
Investment Returns, up to December 2002, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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