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iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD)

Corporate Bond | Exchange Traded Fund | NYSEArca
106.96 USD -0.50 (-0.465%) ⇩ (July 13, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★⯪☆
Hot Take ↕ | July 11, 2026, 4:20 a.m. EDT

The investment grade bond market is currently under a cloud of severe pessimism. While the fund offers a robust 4.55% yield, the price action tells a different story: the asset is trading well below its book value and has suffered a nearly 13% decline over the last nine years, with the most recent annual return being negative. This isn't just a temporary dip; it reflects a structural de-rating of the sector's credit quality. The options market is screaming caution, with investors pouring capital into put options to guard against a slide to the $104 level, while almost no one is betting on a rally. The statistical forecast model, which is highly confident, predicts zero movement over the next 45 days, reinforcing the view that the market is stuck in a low-volatility, low-growth equilibrium. For income investors, the yield is attractive, but the capital preservation risk is high given the multi-year downtrend and the heavy hedging activity by speculators.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.005520
AutoETS0.005558
AutoTheta0.006877
MSTL0.007335

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 75%
H-stat 0.35
Ljung-Box p 0.000
Jarque-Bera p 0.072
Excess Kurtosis 0.74
Attribute Value
Trailing P/E 32.34

As of July 11, 2026, 4:20 a.m. EDT: Speculators are heavily positioned for downside protection, evidenced by massive open interest in out-of-the-money puts (over 180k contracts at the August 21 expiration) compared to negligible call volume. This 'put wall' suggests a fear of a significant drop to the $104-$107 range. Conversely, there is a distinct lack of bullish conviction; call volume is sparse, and the only notable call activity involves buying volatility at deep strikes ($60) rather than establishing directional bets. The implied volatility skew confirms this asymmetry, with deep puts trading at significantly elevated premiums relative to calls.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.35% 4.50% 4.44% 3.90%
Dividend History
Date Dividend Yield %
2026-07-01 0.382 0.352204
2026-06-01 0.413 0.379143
2026-05-01 0.425 0.391344
2026-04-01 0.446 0.410455
2026-03-02 0.383 0.345294
2026-02-02 0.408 0.370707
2025-12-19 0.436 0.395896
2025-12-01 0.413 0.372576
2025-11-03 0.402 0.363702
2025-10-01 0.406 0.364093
2025-09-02 0.384 0.352132
2025-08-01 0.444 0.404999
2025-07-01 0.402 0.367661
2025-06-02 0.396 0.369852
2025-05-01 0.432 0.403098
2025-04-01 0.417 0.383766
2025-03-03 0.415 0.378857
2025-02-03 0.389 0.362738
2024-12-18 0.385 0.359343
2024-12-02 0.383 0.347109
2024-11-01 0.385 0.356448
2024-10-01 0.411 0.363363
2024-09-03 0.405 0.364405
2024-08-01 0.392 0.357893
2024-07-01 0.376 0.354349
2024-06-03 0.405 0.377728
2024-05-01 0.415 0.395200
2024-04-01 0.411 0.382432
2024-03-01 0.393 0.364159
2024-02-01 0.389 0.351623
2023-12-14 0.393 0.355592
2023-12-01 0.395 0.368573
2023-11-01 0.364 0.363201
2023-10-02 0.399 0.396266
2023-09-01 0.377 0.358945
2023-08-01 0.369 0.346772
2023-07-03 0.348 0.323751
2023-06-01 0.349 0.324349
2023-05-01 0.372 0.345115
2023-04-03 0.340 0.309288
2023-03-01 0.372 0.354657
2023-02-01 0.342 0.306314
2022-12-15 0.332 0.303113
2022-12-01 0.344 0.316293
2022-11-01 0.307 0.301661
2022-10-03 0.339 0.325962
2022-09-01 0.304 0.280676
2022-08-01 0.276 0.240922
2022-07-01 0.297 0.267279
2022-06-01 0.274 0.241410
2022-05-02 0.254 0.227436
2022-04-01 0.255 0.210587
2022-03-01 0.256 0.204849
2022-02-01 0.242 0.189462
2021-12-16 0.256 0.192916
2021-12-01 0.239 0.179916
2021-11-01 0.262 0.197022
2021-10-01 0.255 0.190668
2021-09-01 0.234 0.173026
2021-08-02 0.243 0.178467
2021-07-01 0.253 0.188820
2021-06-01 0.257 0.195482
2021-05-03 0.255 0.194345
2021-04-01 0.254 0.194472
2021-03-01 0.269 0.203587
2021-02-01 0.267 0.196903
2020-12-17 0.280 0.203992
2020-12-01 0.276 0.200465
2020-11-02 0.283 0.211241
2020-10-01 0.294 0.218117
2020-09-01 0.295 0.216657
2020-08-03 0.295 0.213397
2020-07-01 0.310 0.230107
2020-06-01 0.322 0.244607
2020-05-01 0.320 0.249338
2020-04-01 0.310 0.255333
2020-03-02 0.349 0.264996
2020-02-03 0.337 0.257941
2019-12-19 0.336 0.263117
2019-12-02 0.346 0.272291
2019-11-01 0.345 0.270609
2019-10-01 0.336 0.263964
2019-09-03 0.349 0.271955
2019-08-01 0.348 0.278422
2019-07-01 0.355 0.285714
2019-06-03 0.371 0.307043
2019-05-01 0.352 0.296221
2019-04-01 0.358 0.302723
2019-03-01 0.358 0.310037
2019-02-01 0.353 0.304337
2018-12-18 0.352 0.311780
2018-12-03 0.353 0.316535
2018-11-01 0.369 0.328877
2018-10-01 0.352 0.307639
2018-09-04 0.348 0.302925
2018-08-01 0.343 0.298235
2018-07-02 0.345 0.301996
2018-06-01 0.359 0.312418
2018-05-01 0.329 0.287136
2018-04-02 0.337 0.288059
2018-03-01 0.330 0.282970
2018-02-01 0.321 0.269250
2017-12-21 0.254 0.210683
2017-12-01 0.322 0.266733
2017-11-01 0.321 0.265267
2017-10-02 0.323 0.266898
2017-09-01 0.320 0.264879
2017-08-01 0.318 0.262311
2017-07-03 0.320 0.266822
2017-06-01 0.316 0.263421
2017-05-01 0.322 0.272189
2017-04-03 0.318 0.269218
2017-03-01 0.321 0.273052
2017-02-01 0.316 0.270340
2016-12-22 0.318 0.273784
2016-12-01 0.317 0.273582
2016-11-01 0.318 0.263879
2016-10-03 0.322 0.262836
2016-09-01 0.320 0.258963
2016-08-01 0.323 0.262666
2016-07-01 0.331 0.268996
2016-06-01 0.334 0.280342
2016-05-02 0.325 0.271172
2016-04-01 0.332 0.279297
2016-03-01 0.335 0.293731
2016-02-01 0.337 0.297047
2015-12-24 0.322 0.281100
2015-12-01 0.329 0.282525
2015-11-02 0.331 0.286357
2015-10-01 0.334 0.288603
2015-09-01 0.335 0.290244
2015-08-03 0.330 0.283773
2015-07-01 0.330 0.286907
2015-06-01 0.329 0.280525
2015-05-01 0.330 0.277427
2015-04-01 0.329 0.270270
2015-03-02 0.327 0.271550
2015-02-02 0.335 0.270882
2014-12-24 0.322 0.270793
2014-12-01 0.335 0.280711
2014-11-03 0.335 0.282058
2014-10-01 0.335 0.282462
2014-09-02 0.338 0.282443
2014-08-01 0.339 0.285306
2014-07-01 0.330 0.278552
2014-06-02 0.338 0.285016
2014-05-01 0.344 0.290786
2014-04-01 0.340 0.292322
2014-03-03 0.346 0.295020
2014-02-03 0.348 0.298098
2013-12-26 0.348 0.304622
2013-12-02 0.368 0.323516
2013-11-01 0.380 0.331849
2013-10-01 0.366 0.323779
2013-09-03 0.366 0.326087
2013-08-01 0.350 0.308969
2013-07-01 0.363 0.319599
2013-06-03 0.361 0.308073
2013-05-01 0.362 0.295969
2013-04-01 0.368 0.308311
2013-03-01 0.374 0.311070
2013-02-01 0.371 0.312447
2012-12-26 0.362 0.299248
2012-12-03 0.375 0.307654
2012-10-01 0.384 0.315504
2012-09-04 0.385 0.320406
2012-08-01 0.385 0.318814
2012-07-02 0.392 0.332711
2012-06-01 0.396 0.337625
2012-05-01 0.389 0.335721
2012-04-02 0.397 0.343634
2012-03-01 0.403 0.344386
2012-02-01 0.391 0.336286
2011-12-27 0.388 0.342968
2011-12-01 0.386 0.349132
2011-11-01 0.402 0.349961
2011-10-03 0.418 0.372881
2011-09-01 0.413 0.368750
2011-08-01 0.421 0.374955
2011-07-01 0.426 0.388296
2011-06-01 0.425 0.380927
2011-05-02 0.427 0.387126
2011-04-01 0.429 0.396195
2011-03-01 0.432 0.397095
2011-02-01 0.427 0.395700
2010-12-28 0.428 0.398844
2010-12-01 0.426 0.389219
2010-11-01 0.432 0.386093
2010-10-01 0.434 0.387120
2010-09-01 0.424 0.379486
2010-08-02 0.437 0.398614
2010-07-01 0.440 0.406880
2010-06-01 0.443 0.422186
2010-05-03 0.452 0.422865
2010-04-01 0.469 0.444423
2010-03-01 0.445 0.422923
2010-02-01 0.452 0.432412
2009-12-29 0.435 0.417547
2009-12-01 0.456 0.429136
2009-11-02 0.484 0.460777
2009-10-01 0.472 0.449011
2009-09-01 0.494 0.473588
2009-08-03 0.492 0.477670
2009-07-01 0.445 0.446339
2009-06-01 0.488 0.500872
2009-05-01 0.468 0.487652
2009-04-01 0.519 0.555318
2009-03-02 0.482 0.514463
2009-02-02 0.491 0.496712
2008-12-29 0.422 0.419567
2008-12-01 0.452 0.496213
2008-11-03 0.435 0.494712
2008-10-01 0.405 0.448952
2008-09-02 0.457 0.452565
2008-08-01 0.466 0.463543
2008-07-01 0.434 0.430044
2008-06-02 0.473 0.458867
2008-05-01 0.463 0.436175
2008-04-01 0.513 0.490815
2008-03-03 0.448 0.423320
2008-02-01 0.494 0.459578
2007-12-27 0.465 0.445787
2007-12-03 0.457 0.430320
2007-11-01 0.476 0.447579
2007-10-01 0.483 0.462954
2007-09-04 0.488 0.467030
2007-08-01 0.492 0.477253
2007-07-02 0.472 0.454502
2007-06-01 0.496 0.472246
2007-05-01 0.480 0.447803
2007-04-02 0.492 0.460502
2007-03-01 0.451 0.417515
2007-02-01 0.457 0.429996
2006-12-27 0.427 0.399252
2006-12-01 0.447 0.413124
2006-11-01 0.463 0.431460
2006-10-02 0.475 0.445884
2006-09-01 0.474 0.448100
2006-08-01 0.456 0.437578
2006-07-03 0.453 0.440276
2006-06-01 0.431 0.415462
2006-05-01 0.462 0.445688
2006-04-03 0.438 0.417342
2006-03-01 0.437 0.409598
2006-02-01 0.409 0.382815
2005-12-28 0.401 0.370919
2005-12-01 0.393 0.367461
2005-11-01 0.412 0.385696
2005-10-03 0.436 0.401252
2005-09-01 0.455 0.409209
2005-08-01 0.448 0.407125
2005-07-01 0.427 0.384131
2005-06-01 0.431 0.386512
2005-05-02 0.428 0.387225
2005-04-01 0.440 0.402746
2005-03-01 0.429 0.386591
2005-02-01 0.427 0.379724
2004-12-31 0.432 0.387340
2004-12-01 0.424 0.384197
2004-11-01 0.431 0.385682
2004-10-01 0.427 0.385240
2004-09-01 0.437 0.392986
2004-08-02 0.433 0.398234
2004-07-01 0.436 0.404453
2004-06-01 0.436 0.407515
2004-05-03 0.432 0.397388
2004-04-01 0.431 0.380205
2004-03-01 0.435 0.386015
2004-02-02 0.440 0.394796
2003-12-31 0.455 0.411504
2003-12-16 1.385 1.252260
2003-12-01 0.442 0.404059
2003-11-03 0.427 0.388960
2003-10-01 0.731 0.653379
2003-09-02 0.764 0.712953
2003-08-01 0.717 0.670407
2003-07-01 0.663 0.584914
2003-06-02 0.713 0.623524
2003-05-01 0.843 0.753823
2003-04-01 0.731 0.664183
2003-03-03 0.423 0.382114
2003-02-03 0.455 0.419548
2002-12-31 0.509 0.464035
2002-12-02 0.455 0.428397
2002-11-01 0.517 0.492475
2002-10-01 0.447 0.418422
2002-09-03 0.549 0.519640
Additional Data
trailingAnnualDividendRate 3.191
trailingAnnualDividendYield 0.02969477
dividendYield 4.55

Info Dump

Attribute Value
All Time High 139.38
All Time Low 76.05
Ask 107.02
Ask Size 14,300
Average Daily Volume10 Day 28,975,780
Average Daily Volume3 Month 27,275,508
Average Volume 27,275,508
Average Volume10Days 28,975,780
Beta3 Year 1.34
Bid 0.0
Bid Size 5,400
Book Value 135.263
Category Corporate Bond
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 107.425
Day Low 106.94
Dividend Yield 4.55
Eps Trailing Twelve Months 3.307
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 108.6016
Fifty Day Average Change -1.6416016
Fifty Day Average Change Percent -0.015115813
Fifty Two Week Change Percent -0.65019727
Fifty Two Week High 112.93
Fifty Two Week High Change -5.970001
Fifty Two Week High Change Percent -0.05286462
Fifty Two Week Low 106.93
Fifty Two Week Low Change 0.02999878
Fifty Two Week Low Change Percent 0.00028054597
Fifty Two Week Range 106.93 - 112.93
Financial Currency USD
First Trade Date Milliseconds 1,028,035,800,000
Five Year Average Return -0.0064568003
Full Exchange Name NYSEArca
Fund Family iShares
Fund Inception Date 1,027,296,000
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund will invest at least 80% of its assets in the component securities of the underlying index, and it will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that the advisor believes will help the fund track the underlying index. The underlying index is designed to provide a broad representation of the U.S. dollar-denominated liquid investment-grade corporate bond market.
Long Name iShares iBoxx $ Investment Grade Corporate Bond ETF
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_8797348
Nav Price 107.48559
Net Assets 33,113,137,200.0
Net Expense Ratio 0.14
Open 107.35
Phone 415-670-2000
Pre Market Change -0.10449982
Pre Market Change Percent -0.0976999
Pre Market Price 106.8555
Pre Market Time 1,784,027,859
Previous Close 107.46
Price Hint 2
Price To Book 0.79075575
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.5
Regular Market Change Percent -0.465289
Regular Market Day High 107.425
Regular Market Day Low 106.94
Regular Market Day Range 106.94 - 107.425
Regular Market Open 107.35
Regular Market Previous Close 107.46
Regular Market Price 106.96
Regular Market Time 1,783,972,800
Regular Market Volume 29,936,076
Shares Outstanding 293,500,000
Short Name iShares iBoxx $ Investment Grad
Source Interval 15
Symbol LQD
Three Year Average Return 0.0410666
Total Assets 33,113,137,152
Tradeable 0
Trailing Annual Dividend Rate 3.191
Trailing Annual Dividend Yield 0.02969477
Trailing P E 32.343513
Trailing Peg Ratio None
Trailing Three Month Nav Returns 1.33538
Trailing Three Month Returns 1.33538
Triggerable 1
Two Hundred Day Average 110.08305
Two Hundred Day Average Change -3.1230545
Two Hundred Day Average Change Percent -0.028369984
Type Disp ETF
Volume 29,936,076
Yield 0.045500003
Ytd Return 0.74704