Data as of Oct 28, 2026.
DVY vs LQD: Differences, Returns & Fees
Over the year to Oct 28, 2026, DVY returned +17.1% to LQD's −3.4%; 0% of their weight is in the same names.
askIQ about this page
askIQ about DVY and LQD
Net assets on Oct 27, 2026: $23.4bn for iShares Select Dividend ETF and $30.6bn for iShares iBoxx $ Investment Grade Corporate Bond ETF.
Pair scorecard
LQD costs 0.24 points a year less; their one-year returns differ by 20.5 points; LQD is 1.3 times larger.
| Measure | DVY | LQD |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.1% | −3.4% |
| Drawdown | ||
| Below its high | 6.3%, high on Sep 22, 2021 | |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Select Dividend Index | Markit iBoxx USD Liquid Investment Grade Index |
| Cost and size | ||
| Expense ratio | 0.38% | 0.14% |
| Net assets, as of Oct 27, 2026 | $23.4bn | $30.6bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 80% | |
| Top ten holdings, share of the fund | 19.7% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Nov 14, 2003 to Oct 23, 2026 · 1,197 weekly returnsDVY returned more: +622.4% to +139.8%. LQD swung less: 8.4% to 17.9%. LQD fell less at its worst: −24.7% to −62.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | DVY | LQD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +622.4% | +139.8% | DVY | Price change plus distributions, reinvested. |
| Annualized | +9.0% | +3.9% | DVY | Total return as a yearly rate. |
| Price return | +218.6% | −6.1% | DVY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.9% | 8.4% | LQD | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.8% | 6.0% | LQD | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −62.0% | −24.7% | LQD | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.47 | 0.28 | DVY | Return above Treasury bills per unit of volatility. |
| Sortino | 0.66 | 0.39 | DVY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.14 | 0.16 | LQD (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,197 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DVY and LQD hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
DVY and LQD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DVY and LQD do different jobs. What does each one do in a portfolio?
- What each follows. DVY follows Dow Jones U.S. Select Dividend Index and LQD follows Markit iBoxx USD Liquid Investment Grade Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 DVY returned +17.1% and LQD −3.4% with distributions reinvested, a gap of 20.5 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
DVY
DVY tracks an index of US dividend. Over the year to Oct 28, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.38% a year. By its holdings published by its issuer for Oct 27, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 19.7%.
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, DVY or LQD?
- In the year to Oct 28, 2026, with distributions reinvested, DVY returned +17.1% and LQD −3.4%.
- Which is cheaper, DVY or LQD?
- LQD is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, DVY against LQD, data as of Oct 28, 2026. https://etfiq.com/compare/any/dvy-vs-lqd
ETFIQ. (Oct 28, 2026). DVY against LQD. Retrieved from https://etfiq.com/compare/any/dvy-vs-lqd
[DVY against LQD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dvy-vs-lqd)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.