LQD vs VTC: Differences, Returns & Fees

On May 31, 2026 LQD's duration was 8.1 years and VTC's 6.6; VTC charges 0.03% to LQD's 0.14%. Net assets: $28.5bn on Oct 9, 2026 for iShares iBoxx $ Investment Grade Corporate Bond ETF, and $1.6bn on Sep 30, 2026 for Vanguard Total Corporate Bond ETF.

VTC costs 0.11 points a year less; their one-year returns differ by 1.5 points; LQD is 17.7 times larger.

LQD vs VTC: Differences, Returns & Fees
LQDVTC
Expense ratio0.14%0.03%
Net assets, as of Sep 30, 2026$28.3bn$1.6bn
Total return, 1 year−3.4%−1.9%
What it tracksUS investment grade bondsBloomberg U.S. Corporate Bond Index
Holdings in common45%
Below its high7.8%, high on Sep 22, 20214.0%, high on Feb 27, 2026

Holdings in common uses holdings dated May 31, 2026.

−3.4%
LQD total return, 1 year
−1.9%
VTC total return, 1 year
0.14%
LQD expense ratio
0.03%
VTC expense ratio

What they hold in common

By the books each fund has filed, LQD and VTC hold 45% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026.

half

45% in common

Positions both hold, largest shared weight first
Holding LQD VTC
Amazon.com Inc, due Mar 13, 2036 0.15% 0.12%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc, due Feb 1, 2046 0.20% 0.10%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc, due Feb 1, 2036 0.12% 0.10%
Goldman Sachs Group Inc/The, due Jan 21, 2037 0.10% 0.10%
Meta Platforms Inc, due Nov 15, 2035 0.16% 0.10%
Oracle Corp, due Feb 4, 2036 0.12% 0.10%
Goldman Sachs Group Inc/The, due Jan 21, 2032 0.09% 0.13%
T-Mobile USA Inc, due Apr 15, 2030 0.16% 0.09%
Goldman Sachs Group Inc/The, due Apr 20, 2034 0.09% 0.14%
Microsoft Corp, due Jun 1, 2050 0.09% 0.09%
AbbVie Inc, due Nov 21, 2029 0.13% 0.09%
Bank of America Corp, due Apr 22, 2032 0.11% 0.08%
Only in LQD
Morgan Stanley, due Mar 12, 2032 0.10%
Wells Fargo & Co, due Apr 23, 2031 0.09%
Goldman Sachs Group Inc/The, due Jun 3, 2032 0.07%
JPMorgan Chase & Co, due Mar 24, 2031 0.07%
T-Mobile USA Inc, due Apr 15, 2050 0.07%
Pfizer Investment Enterprises Pte Ltd, due May 19, 2043 0.07%
Amazon.com Inc, due May 12, 2051 0.07%
Morgan Stanley, due Oct 18, 2030 0.06%
Only in VTC
US TREASURY N/B, due May 31, 2028 0.32%
BANK OF AMER CRP, due Apr 23, 2030 0.20%
BANK OF AMER CRP, due Jan 24, 2029 0.14%
WELLS FARGO CO, due Jan 23, 2030 0.09%
MORGAN STANLEY, due Feb 1, 2029 0.08%
BANK NOVA SCOTIA, due Jun 4, 2027 0.08%
AMGEN INC, due Mar 2, 2028 0.08%
MORGAN STANLEY, due Jan 16, 2030 0.08%

Check overlap with more funds →

On the same fields

LQD
iShares iBoxx $ Investment Grade Corporate Bond ETF
VTC
Vanguard Total Corporate Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of US investment grade bonds Tracks an index
Total return, 1 year −3.4% −1.9%
Its benchmark over the same days not published −1.8% (SPBO)
Gap to its benchmark not available −0.1 pts vs SPBO
Expense ratio 0.14% 0.03%
Holdings 3167 5316
Net assets, LQD as of Oct 9, 2026 and VTC as of Sep 30, 2026 $28.5bn $1.6bn

LQD and VTC on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About LQD

LQD tracks an index of US investment grade bonds. Over the year to Oct 9, 2026 it returned −3.4% with distributions reinvested. The prospectus expense ratio is 0.14% a year. It sat 7.8% below its high of Sep 22, 2021 on Oct 9, 2026.

About VTC

VTC tracks an index. Over the year to Oct 9, 2026 it returned −1.9% with distributions reinvested, against −1.8% for its benchmark, the Bloomberg U.S. Corporate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 4.0% below its high of Feb 27, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, LQD or VTC?
In the year to Oct 9, 2026, with distributions reinvested, LQD returned −3.4% and VTC −1.9%.
Which is cheaper, LQD or VTC?
VTC 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.
Cite this pageCitation, APA and Markdown

ETFIQ, LQD against VTC, data as of Oct 9, 2026. https://etfiq.com/compare/any/lqd-vs-vtc

Open data

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