LQDvsSPBOETF Comparison
VS
ETF 2
SPBO
State Street SPDR Portfolio Corporate Bond ETF
This fund is part of
US Corporate IG Bonds
+0.03%
iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) belongs to the Intl IG Bonds segment. State Street SPDR Portfolio Corporate Bond ETF (SPBO) is part of the US Corporate IG Bonds segment. LQD's top 3 sector exposures are Finance, Technology and Healthcare. In contrast, SPBO's top sector exposures are Finance, Utilities and Technology. LQD is more expensive with a Total Expense Ratio (TER) of 0.14%, versus 0.03% for SPBO. LQD is down -2.92% year-to-date (YTD) with +$794M in YTD flows. SPBO performs better with -1.61% YTD performance, and +$426M in YTD flows. Run a side-by-side ETF comparison of LQD and SPBO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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LQD vs SPBO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | LQD SPBO | -0.57%-0.30% | -2.62%-1.96% | -2.92%-1.61% | -3.61%-1.88% | +17.43%+18.92% | -4.94%-0.36% |
| Flows | LQD SPBO | +$1.34B-$38M | -$5.16B+$92M | +$794M+$426M | -$659M+$490M | -$516M+$1.19B | -$1.31B+$1.82B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LQD SPBO | +5.83%+4.67% | +5.28%+4.25% | +6.72%+5.35% | +8.17%+6.63% |
| Max drawdown | LQD SPBO | -4.18%-3.36% | -6.00%-4.52% | -6.22%-4.67% | -24.70%-21.96% |
| Max drawdown duration | LQD SPBO | 89d89d | 229d229d | 318d280d | 1802d1436d |
Trading data
LQD | SPBO | |
Last sale 10/16/2026 at 1:30 PM | $103.40 | $27.78 |
| Previous close 10/15/2026 | $103.50 | $27.80 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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LQD | SPBO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
LQD | SPBO | |
|---|---|---|
| Last price | $103.40 | $27.78 |
| 1D performance | -0.10% | -0.07% |
| AuM | $28.78 B | $2.12 B |
| E/R | 0.14% | 0.03% |
Characteristics
LQD | SPBO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | Markit iBoxx USD Liquid Investment Grade Index | Bloomberg U.S. Corporate Bond Index |
| N° of holdings | 3089 | 4113 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 22, 2002 | April 6, 2011 |
| ESG | No | No |
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Exposure
Countries
LQD
USA
85.26%
Other
14.74%
SPBO
USA
82.26%
Other
17.74%
Sectors
LQD
Finance
32.42%
Technology
13.63%
Healthcare
10.13%
Energy
7.98%
Telecommunication.
7.88%
Other
27.97%
SPBO
Finance
34.65%
Utilities
9.9%
Technology
9.66%
Healthcare
8.67%
Other
37.12%
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Diversification
LQD
Total weight of top 15 holdings out of 15
3.21%
SPBO
Total weight of top 15 holdings out of 15
2.4%
Top 15 holdings
Data as of August 31, 2026
LQD
BlackRock Cash Funds - Treasury
1.04%
Anheuser-Busch, 4.9% 1feb2046, USD
0.18%
CVS Health, 5.05% 25mar2048, USD
0.18%
Space Exploration Technologies, 5.35% 15jul2031, USD
0.17%
T-Mobile USA, 3.875% 15apr2030, USD
0.17%
Meta Platforms, 4.875% 15nov2035, USD
0.16%
US161175CU68
0.15%
US161175CV42
0.15%
Amazon.com, 4.875% 13mar2036, USD
0.15%
Goldman Sachs, 6.75% 1oct2037, USD
0.14%
Meta Platforms, 5.25% 15may2036, USD
0.14%
Space Exploration Technologies, 5.65% 15jul2033, USD
0.14%
Pfizer, 5.3% 19may2053, USD
0.14%
Meta Platforms, 6.3% 15may2056, USD
0.14%
Amazon.com, 4.8% 9jul2031, USD
0.14%
SPBO
Citigroup, 4.91% 24may2033, USD
0.20%
Bank of America Corporation, 7.75% 14may2038, USD
0.20%
Bank of America Corporation, 3.419% 20dec2028, USD
0.20%
JP Morgan, 5.576% 23jul2036, USD
0.18%
British American Tobacco, 7.079% 2aug2043, USD
0.18%
Anheuser-Busch, 4.9% 1feb2046, USD
0.16%
Meta Platforms, 4.6% 15nov2032, USD
0.16%
Bank of America Corporation, 3.97% 5mar2029, USD (M)
0.15%
Amazon.com, 4% 13mar2029, USD
0.15%
Goldman Sachs, 4.411% 23apr2039, USD
0.14%
CVS Health, 6% 1jun2044, USD
0.14%
Verizon Communications, 2.1% 22mar2028, USD
0.14%
T-Mobile USA, 3.875% 15apr2030, USD
0.14%
AbbVie, 4.8% 15mar2029, USD
0.13%
Goldman Sachs, 3.814% 23apr2029, USD
0.13%
Frequently asked questions about LQD and SPBO
How have the LQD and SPBO ETFs performed in 2026?
As of October 16, 2026, LQD is down -2.92% year-to-date (YTD), while SPBO has lost -1.61%. That puts SPBO better performer ahead so far this year.
Which ETF is attracting more investor money: LQD or SPBO?
Year-to-date, the LQD ETF saw +$794M in flows, compared to +$426M for SPBO.
Which ETF is more volatile: LQD or SPBO?
Over the past year, LQD had a volatility of 5.28%, while SPBO experienced 4.25%.
Which ETF is bigger: LQD or SPBO?
As of October 16, 2026, LQD holds $28.78 B in assets under management (AUM), while SPBO manages $2.12 B.
What sectors do the LQD and SPBO ETFs invest in?
LQD leans toward sectors like Finance, Technology and Healthcare. Meanwhile, SPBO focuses on Finance, Utilities and Technology.
What are the top holdings of the LQD ETF and SPBO ETF?
LQD top holdings include BlackRock Cash Funds - Treasury, Anheuser-Busch, 4.9% 1feb2046, USD and CVS Health, 5.05% 25mar2048, USD. SPBO holds in its top three: Citigroup, 4.91% 24may2033, USD, Bank of America Corporation, 7.75% 14may2038, USD and Bank of America Corporation, 3.419% 20dec2028, USD.
Which ETF is more diversified: LQD or SPBO?
LQD holds 3138 securities with 3.21% of its assets in the top 15. SPBO has 4241 securities and a top 15 weight of 2.4%.
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Latest news about LQD & SPBO
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