
This exchange-traded fund (ETF) is engineered to closely mirror the financial performance of an underlying index. This benchmark comprises a selection of high-quality corporate bonds, all of which are issued and traded in U.S. dollars.
Is LQD's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

iShares iBoxx $ Investment Grade Corporate Bond ETF provides significantly higher liquidity and a much larger assets under management (AUM) base than its State Street competitor. State Street SPDR Portfolio Long Term Corporate Bond ETF is more cost-efficient with an expense ratio of 0.04% and offers a higher trailing dividend yield.

The global competition for capital remains the key dynamic keeping yields elevated. Notably, all of the September increase in 10-year Treasury yields came from real yields, as implied by the TIPS market.

Japan, Europe, and the U.S. were feeling the fallout from France, where yields on its benchmark 10-year note climbed closer to 5%, the highest since 2002.

BND has lost ground in price for five years straight, yet something has quietly shifted inside the fund that changes what the next five years could look like for anyone holding it today.

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