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Data as of Oct 28, 2026.

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LQD vs SHY: Differences, Returns & Fees

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On Aug 31, 2026 LQD's duration was 7.7 years and SHY's 1.8; LQD charges 0.14% to SHY's 0.15%.

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Net assets on Oct 27, 2026: $30.6bn for iShares iBoxx $ Investment Grade Corporate Bond ETF and $27.4bn for iShares 1-3 Year Treasury Bond ETF.

LQD on its own →SHY on its own →
At a glance
−3.4%
LQD total return, 1 year
+1.6%
SHY total return, 1 year
0.14%
LQD expense ratio
0.15%
SHY expense ratio

Pair scorecard

LQD costs 0.01 points a year less; their one-year returns differ by 5.0 points; LQD is 1.1 times larger.

LQD vs SHY: Differences, Returns & Fees
MeasureLQDSHY
Return
Total return, 1 year−3.4%+1.6%
Drawdown
Below its high6.3%, high on Sep 22, 2021
Benchmark
What it tracksMarkit iBoxx USD Liquid Investment Grade IndexICE U.S. Treasury 1-3 Year Bond Index
Cost and size
Expense ratio0.14%0.15%
Net assets, as of Oct 27, 2026$30.6bn$27.4bn
Holdings
Holdings in common0%

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

What they share

0%

By the books each fund has filed, LQD and SHY hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first LQD SHY
Only in one fund ↓
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%
T-Mobile USA Inc, due Apr 15, 2030 0.17%
Space Exploration Technologies Corp, due Jul 15, 2031 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%
Only in SHY
U.S. Treasury Notes, due Apr 30, 2028 1.97%
U.S. Treasury Notes, due Jan 31, 2028 1.71%
U.S. Treasury Notes, due Jun 30, 2028 1.61%
U.S. Treasury Notes, due Apr 30, 2029 1.51%
U.S. Treasury Notes, due May 31, 2029 1.49%
U.S. Treasury Notes, due Aug 15, 2027 1.48%
U.S. Treasury Notes, due Jun 30, 2029 1.47%
U.S. Treasury Notes, due Feb 15, 2028 1.40%
Check overlap with more funds →

Side by side

LQD iShares iBoxx $ Investment Grade Corporate Bond ETF SHY iShares 1-3 Year Treasury Bond ETF
Where it sits Bond ETF Bond ETF
Issuer iShares iShares
What it is Tracks an index of US investment grade bonds Tracks an index of 1-3 Year Treasury Bond
Total return, 1 year −3.4% +1.6%
Its benchmark over the same days −1.2% (IUSB) +1.7% (BBSB)
Gap to its benchmark −2.2 pts vs IUSB −0.1 pts vs BBSB
Expense ratio 0.14% 0.15%
Holdings 3191 90
Net assets, as of Oct 27, 2026 $30.6bn $27.4bn

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

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About each fund
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.

SHY

SHY tracks an index of 1-3 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +1.6% with distributions reinvested, against +1.7% for its benchmark, the ICE U.S. Treasury 1-3 Year Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, LQD or SHY?
In the year to Oct 28, 2026, with distributions reinvested, LQD returned −3.4% and SHY +1.6%.
Which is cheaper, LQD or SHY?
LQD is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
LQD vs VGSHIEI vs LQDLQD vs MBBLQD vs VTIPSHY vs VCITIGIB vs SHYSHY vs VTIPSHY vs TLT
Where to next
LQD on its own →SHY on its own →Hold both: look the portfolio through →Rankings →LQD dividend history →LQD holdings →SHY dividend history →SHY holdings →Standards and sources →
Sources and dates
LQD and SHY filings on SEC EDGAR ↗
LQD and SHY prospectus with the expense ratio (SEC) ↗
iShares page for LQD ↗
iShares page for SHY ↗

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, LQD against SHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/lqd-vs-shy

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.