SPBOvsLQDETF Comparison
ETF 1
SPBO
State Street SPDR Portfolio Corporate Bond ETF
This fund is part of
US Corporate IG Bonds
+0.03%
VS
State Street SPDR Portfolio Corporate Bond ETF (SPBO) belongs to the US Corporate IG Bonds segment. iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is part of the Intl IG Bonds segment. SPBO's top 3 sector exposures are Finance, Utilities and Technology. In contrast, LQD's top sector exposures are Finance, Technology and Healthcare. SPBO is less expensive with a Total Expense Ratio (TER) of 0.03%, versus 0.14% for LQD. SPBO is down -1.61% year-to-date (YTD) with +$426M in YTD flows. LQD performs worse with -2.92% YTD performance, and +$794M in YTD flows. Run a side-by-side ETF comparison of SPBO and LQD 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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SPBO vs LQD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPBO LQD | -0.30%-0.57% | -1.96%-2.62% | -1.61%-2.92% | -1.88%-3.61% | +18.92%+17.43% | -0.36%-4.94% |
| Flows | SPBO LQD | -$38M+$1.34B | +$92M-$5.16B | +$426M+$794M | +$490M-$659M | +$1.19B-$516M | +$1.82B-$1.31B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPBO LQD | +4.67%+5.83% | +4.25%+5.28% | +5.35%+6.72% | +6.63%+8.17% |
| Max drawdown | SPBO LQD | -3.36%-4.18% | -4.52%-6.00% | -4.67%-6.22% | -21.96%-24.70% |
| Max drawdown duration | SPBO LQD | 89d89d | 229d229d | 280d318d | 1436d1802d |
Trading data
SPBO | LQD | |
Last sale 10/16/2026 at 1:30 PM | $27.78 | $103.40 |
| Previous close 10/15/2026 | $27.80 | $103.50 |
| 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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SPBO | LQD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
SPBO | LQD | |
|---|---|---|
| Last price | $27.78 | $103.40 |
| 1D performance | -0.07% | -0.10% |
| AuM | $2.12 B | $28.78 B |
| E/R | 0.03% | 0.14% |
Characteristics
SPBO | LQD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | iShares |
| Benchmark | Bloomberg U.S. Corporate Bond Index | Markit iBoxx USD Liquid Investment Grade Index |
| N° of holdings | 4113 | 3089 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 6, 2011 | July 22, 2002 |
| ESG | No | No |
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Exposure
Countries
SPBO
USA
82.26%
Other
17.74%
LQD
USA
85.26%
Other
14.74%
Sectors
SPBO
Finance
34.65%
Utilities
9.9%
Technology
9.66%
Healthcare
8.67%
Other
37.12%
LQD
Finance
32.42%
Technology
13.63%
Healthcare
10.13%
Energy
7.98%
Telecommunication.
7.88%
Other
27.97%
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Diversification
SPBO
Total weight of top 15 holdings out of 15
2.4%
LQD
Total weight of top 15 holdings out of 15
3.21%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Frequently asked questions about SPBO and LQD
How have the SPBO and LQD ETFs performed in 2026?
As of October 16, 2026, SPBO is down -1.61% year-to-date (YTD), while LQD has lost -2.92%. That puts SPBO better performer ahead so far this year.
Which ETF is attracting more investor money: SPBO or LQD?
Year-to-date, the SPBO ETF saw +$426M in flows, compared to +$794M for LQD.
Which ETF is more volatile: SPBO or LQD?
Over the past year, SPBO had a volatility of 4.25%, while LQD experienced 5.28%.
Which ETF is bigger: SPBO or LQD?
As of October 16, 2026, SPBO holds $2.12 B in assets under management (AUM), while LQD manages $28.78 B.
What sectors do the SPBO and LQD ETFs invest in?
SPBO leans toward sectors like Finance, Utilities and Technology. Meanwhile, LQD focuses on Finance, Technology and Healthcare.
What are the top holdings of the SPBO ETF and LQD ETF?
SPBO top holdings include Citigroup, 4.91% 24may2033, USD, Bank of America Corporation, 7.75% 14may2038, USD and Bank of America Corporation, 3.419% 20dec2028, USD. LQD holds in its top three: BlackRock Cash Funds - Treasury, Anheuser-Busch, 4.9% 1feb2046, USD and CVS Health, 5.05% 25mar2048, USD.
Which ETF is more diversified: SPBO or LQD?
SPBO holds 4241 securities with 2.4% of its assets in the top 15. LQD has 3138 securities and a top 15 weight of 3.21%.
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Latest news about SPBO & LQD
The Weekly ETF Market Monitor (September 7-11, 2026)
September 14, 2026
LQD
How Well Did CLO ETFs Hold Up During Market Volatility?
October 1, 2025
LQD
Renewed Interest in IG Corporate Bonds as Treasury Yields Fall
October 16, 2023
LQD
What are corporate bond ETFs?
October 26, 2022
LQD
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