Data as of Oct 28, 2026.
GIGB vs LQD: Differences, Returns & Fees
On Aug 31, 2026 GIGB's duration was 6.5 years and LQD's 7.7; GIGB charges 0.08% to LQD's 0.14%.
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Net assets on Oct 27, 2026: $1.0bn for Goldman Sachs Access Investment Grade Corporate Bond ETF and $30.6bn for iShares iBoxx $ Investment Grade Corporate Bond ETF.
Pair scorecard
GIGB costs 0.06 points a year less; their one-year returns differ by 1.5 points; LQD is far larger, $30.6bn against $1.0bn.
| Measure | GIGB | LQD |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.9% | −3.4% |
| Drawdown | ||
| Below its high | 6.3%, high on Sep 22, 2021 | |
| Benchmark | ||
| What it tracks | FTSE Goldman Sachs Investment Grade Corporate Bond Index | Markit iBoxx USD Liquid Investment Grade Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.14% |
| Net assets, as of Oct 27, 2026 | $1.0bn | $30.6bn |
| Holdings | ||
| Holdings in common | 32% | |
Holdings in common uses holdings dated Aug 31, 2026. Method
Risk and return
Jun 16, 2017 to Oct 23, 2026 · 488 weekly returnsEach against its own benchmark: GIGB against AGG, Jun 16, 2017 to Oct 23, 2026; LQD against IUSB, Jun 20, 2014 to Oct 23, 2026.
GIGB returned slightly more: +22.0% to +20.2%. GIGB swung slightly less: 9.3% to 10.4%. GIGB fell less at its worst: −22.0% to −24.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GIGB | LQD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +22.0% | +20.2% | GIGB (slight) | Price change plus distributions, reinvested. |
| Annualized | +2.1% | +2.0% | GIGB (slight) | Total return as a yearly rate. |
| Price return | −11.8% | −14.1% | GIGB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 9.3% | 10.4% | GIGB (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 6.6% | 7.3% | GIGB (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −22.0% | −24.7% | GIGB | Deepest fall from a high to the low after it. |
| Upside capture | 131.3% | 157.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 120.1% | 143.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.44 | 1.70 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.68 | 0.84 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | −0.01 | −0.01 | GIGB (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | −0.01 | −0.02 | GIGB (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | −0.001 | 0.005 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.10 | 0.08 | GIGB | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | AGG | IUSB | The ETF each fund is measured against. | |
| Alpha | +1.5% a year | +0.7% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.86 | 0.64 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.9% to +4.9% | −1.4% to +2.8% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.17 | 0.14 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.8% | 5.2% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 488 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GIGB and LQD hold 32% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.
half
32% in common
Only in one fund ↓
Side by side
GIGB and LQD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
GIGB and LQD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. GIGB follows FTSE Goldman Sachs Investment Grade Corporate Bond Index and LQD follows Markit iBoxx USD Liquid Investment Grade Index.
- Holdings in common. 32% of the weight is in the same securities (holdings dated Aug 31, 2026).
- Size. GIGB has $1.0bn in net assets and LQD $30.6bn (net assets, as of Oct 27, 2026); LQD is 30.6 times larger.
Data as of Oct 28, 2026.
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GIGB
GIGB tracks an index. Over the year to Oct 28, 2026 it returned −1.9% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.08% 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, GIGB or LQD?
- In the year to Oct 28, 2026, with distributions reinvested, GIGB returned −1.9% and LQD −3.4%.
- Which is cheaper, GIGB or LQD?
- GIGB is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, GIGB against LQD, data as of Oct 28, 2026. https://etfiq.com/compare/any/gigb-vs-lqd
ETFIQ. (Oct 28, 2026). GIGB against LQD. Retrieved from https://etfiq.com/compare/any/gigb-vs-lqd
[GIGB against LQD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/gigb-vs-lqd)
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