iShares Investment Grade Corporate Bond… (LQDW) Performance
LQDW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.6% since Dec 31, 2025
- 1 year
- +1.0% total return
- 3 years
- +5.1% a year
- Since first price
- +2.1% a year since 2022
LQDW trailing returns vs AGG, TLT, SPY
| Period | LQDW total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.6% | −1.1% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.2% | −3.0% | −0.4% | −1.0% | +3.2% |
| 6 months | −0.4% | −5.7% | −1.5% | −3.8% | +7.8% |
| YTD | +0.6% | −7.4% | −1.0% | −3.4% | +12.3% |
| 1 year | +1.0% | −10.2% | −1.1% | −6.9% | +14.4% |
| 3 years | +15.9%+5.1%/yr | −25.1% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionAug 23, 2022 | +9.0%+2.1%/yr | −42.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: LQDW vs AGG
From Aug 23, 2022: LQDW grew to $10,896, AGG to $10,978.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LQDW returns by calendar year
3 of 3 full years positive. Best 2025 (+9.0%), worst 2024 (+2.6%). 2026 is year to date.
LQDW annual returns table
| Year | LQDW | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +0.6% | −3.4% | −1.0% | −3.4% | +12.3% |
| 2025 | +9.0% | −3.1% | +7.2% | +4.3% | +17.7% |
| 2024 | +2.6% | −3.2% | +1.3% | −8.1% | +24.9% |
| 2023 | +4.0% | −6.7% | +5.7% | +2.8% | +26.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
LQDW largest drawdowns
Now 1.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 25, 2022 | −9.2% | Oct 20, 2022 | Aug 16, 2024 | 56 days | 2.0 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
LQDW risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +3.6% | +2.0% |
| Volatility (annualized) | 4.2% | 5.8% |
| Sharpe ratio | -0.17 | -0.37 |
| Sortino ratio | -0.20 | -0.45 |
| Best month | +2.0% | +4.6% |
| Worst month | −2.7% | −4.8% |
| Best 12 months | +9.0% | +9.0% |
| Worst 12 months | +0.4% | −2.8% |
| Positive months | 75% | 67% |
| Beta vs S&P 500 | 0.19 | — |
| Correlation with S&P 500 | 0.55 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
LQDW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 39 | −2.8% | +4.0% | +9.0% | 85% |
| 3-year (a year) | 15 | +2.3% | +3.9% | +5.2% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
LQDW performance overview
iShares Investment Grade Corporate Bond… (LQDW) returned +1.0% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +2.1% a year, turning $10,000 into about $10,896. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −9.2%, from Aug 25, 2022 to Oct 20, 2022, and it took 1.8 years to get back to the old high. LQDW finished 3 of its 3 full calendar years with a gain; the best year was 2025 (+9.0%) and the worst 2024 (+2.6%). Volatility has been 5.8% a year.
Related: LQDW chart, LQDW dividends, LQDW bond profile. See the LQDW overview for the latest quote and fund facts.
LQDW performance FAQ
What is the LQDW return over the past year?
LQDW returned +1.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 10.2%.
How much would $10,000 invested in LQDW be worth?
$10,000 invested in LQDW at its first recorded close on August 23, 2022 would be worth about $10,896 on October 23, 2026 with distributions reinvested.
What was the worst year for LQDW?
The worst calendar year was 2024, with a total return of +2.6%. The best was 2025 at +9.0%.
What is the biggest drawdown of LQDW?
The largest peak-to-trough decline was −9.2% between August 25, 2022 and October 20, 2022. It recovered to the old high on August 16, 2024, 1.8 years after the bottom.
How volatile is LQDW?
Over the past 3 years LQDW had an annualized volatility of 4.2% and a Sharpe ratio of -0.17 (excess return over 1–3 month T-bills per unit of risk).