Data as of Oct 28, 2026.

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BSV vs LQD: Differences, Returns & Fees

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BSV's duration was 2.5 years on Jun 30, 2026 and LQD's 7.7 on Aug 31, 2026; BSV charges 0.03% to LQD's 0.14%.

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Net assets: $45.4bn on Sep 30, 2026 for Vanguard Short-Term Bond ETF, and $30.6bn on Oct 27, 2026 for iShares iBoxx $ Investment Grade Corporate Bond ETF.

At a glance
+1.0%
BSV total return, 1 year
−3.4%
LQD total return, 1 year
0.03%
BSV expense ratio
0.14%
LQD expense ratio

Pair scorecard

BSV costs 0.11 points a year less; their one-year returns differ by 4.4 points; BSV is 1.6 times larger.

BSV vs LQD: Differences, Returns & Fees
MeasureBSVLQD
Return
Total return, 1 year+1.0%−3.4%
Drawdown
Below its high6.3%, high on Sep 22, 2021
Benchmark
What it tracksBloomberg U.S. 1-5 Year Government/Credit Float Adjusted IndexMarkit iBoxx USD Liquid Investment Grade Index
Cost and size
Expense ratio0.03%0.14%
Net assets, as of Sep 30, 2026$45.4bn$28.3bn
Holdings
Holdings in common8%

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

Risk and return

Apr 20, 2007 to Oct 23, 2026 · 1,018 weekly returns
BSV LQD
Return
Total return edge LQD +60.9% +110.0%
Annualized edge LQD +2.5% +3.9%
Price return edge BSV +2.0% −3.0%
Risk
Volatility edge BSV 2.3% 9.0%
Max drawdown edge BSV −8.1% −24.7%
Risk-adjusted
Sharpe edge BSV 0.40 0.29
Sortino edge BSV 0.58 0.41
Calmar edge BSV 0.30 0.16
Reading

LQD returned more: +110.0% to +60.9%. BSV swung less: 2.3% to 9.0%. BSV fell less at its worst: −8.1% to −24.7%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BSV vs LQD: Differences, Returns & Fees
MeasureBSVLQDEdgeHow it is measured
Return
Total return+60.9%+110.0%LQDPrice change plus distributions, reinvested.
Annualized+2.5%+3.9%LQDTotal return as a yearly rate.
Price return+2.0%−3.0%BSVPrice change alone, distributions left out.
Risk
Volatility2.3%9.0%BSVSpread of weekly returns, annualized. Lower is steadier.
Downside deviation1.6%6.4%BSVLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−8.1%−24.7%BSVDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.400.29BSVReturn above Treasury bills per unit of volatility.
Sortino0.580.41BSVReturn above Treasury bills per unit of downside deviation.
Calmar0.300.16BSVAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,018 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

8%

By the books each fund has filed, BSV and LQD hold 8% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

0 half 100%

half

8% in common

Positions both hold · largest shared weight first BSV LQD
JPMORGAN CHASE, due Apr 23, 2032 0.08% 0.07%
GOLDMAN SACHS GP, due Apr 20, 2034 0.07% 0.08%
GOLDMAN SACHS GP, due Apr 23, 2031 0.08% 0.06%
BANK OF AMER CRP, due Jan 24, 2031 0.06% 0.06%
JPMORGAN CHASE, due Oct 22, 2030 0.06% 0.06%
ABBVIE INC, due Nov 21, 2029 0.06% 0.12%
MORGAN STANLEY, due Oct 18, 2030 0.05% 0.08%
MORGAN STANLEY, due Jan 22, 2031 0.05% 0.08%
WELLS FARGO CO, due Feb 11, 2031 0.05% 0.06%
MORGAN STANLEY, due Jan 16, 2032 0.05% 0.08%
T-MOBILE USA INC, due Apr 15, 2030 0.05% 0.17%
GOLDMAN SACHS GP, due Jan 28, 2031 0.04% 0.05%
Only in one fund ↓
Only in BSV
US TREASURY N/B, due Jan 31, 2028 1.12%
US TREASURY N/B, due Dec 31, 2027 0.89%
US TREASURY N/B, due Feb 28, 2030 0.88%
US TREASURY N/B, due Mar 31, 2028 0.81%
US TREASURY N/B, due Jul 15, 2027 0.80%
US TREASURY N/B, due Nov 15, 2030 0.79%
US TREASURY N/B, due May 31, 2031 0.78%
US TREASURY N/B, due Dec 31, 2029 0.77%
Only in LQD
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc, due Feb 1, 2046 0.18%
CVS Health Corp, due Mar 25, 2048 0.17%
Meta Platforms Inc, due Nov 15, 2035 0.16%
Charter Communications Operating LLC / Charter Communications Operating Capital, due Sep 1, 2038 0.15%
Charter Communications Operating LLC / Charter Communications Operating Capital, due Sep 1, 2041 0.15%
Amazon.com Inc, due Mar 13, 2036 0.14%
Space Exploration Technologies Corp, due Jul 15, 2033 0.14%
Meta Platforms Inc, due May 15, 2036 0.14%
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Side by side

BSV Vanguard Short-Term Bond ETF LQD iShares iBoxx $ Investment Grade Corporate Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of Short-Term Bond Tracks an index of US investment grade bonds
Total return, 1 year +1.0% −3.4%
Its benchmark over the same days not measured −1.2% (IUSB)
Gap to its benchmark not measured −2.2 pts vs IUSB
Expense ratio 0.03% 0.14%
Holdings 3157 3191
Net assets, BSV as of Sep 30, 2026 and LQD as of Oct 27, 2026 $45.4bn $30.6bn

BSV and LQD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-1C9A0854D5

BSV and LQD do different jobs. What does each one do in a portfolio?

  1. What each follows. BSV follows Bloomberg U.S. 1-5 Year Government/Credit Float Adjusted Index and LQD follows Markit iBoxx USD Liquid Investment Grade Index.
  2. Holdings in common. 8% of the weight is in the same securities (holdings dated Jun 30, 2026 and Aug 31, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 BSV returned +1.0% and LQD −3.4% with distributions reinvested, a gap of 4.4 points.

Data as of Oct 28, 2026.

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About each fund
BSV

BSV tracks an index of Short-Term Bond. Over the year to Oct 28, 2026 it returned +1.0% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

LQD

LQD tracks an index of US investment grade bonds. Over the year to Oct 28, 2026 it returned −3.4% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.14% a year. It sat 6.3% below its high of Sep 22, 2021 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BSV or LQD?
In the year to Oct 28, 2026, with distributions reinvested, BSV returned +1.0% and LQD −3.4%.
Which is cheaper, BSV or LQD?
BSV is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BSV against LQD, data as of Oct 28, 2026. https://etfiq.com/compare/any/bsv-vs-lqd

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