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ETFs

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF

LQIG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 12 2022
Expense Ratio
0.07%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$4,669
AUM
$28,275,387
Associated Index
MarketAxess U.S. Investment Grade 400 Corporate Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
STATE STREET INSTITUTIONAL LIQ STATE ST INST LIQ RES PREM
1.10%
BUD/46A
Anheuser-Busch InBev Finance Inc. - 4.90% NT REDEEM 01/02/2046 USD
0.89%
CVS48
CVS Health Corp - 5.05% NT REDEEM 25/03/2048 USD 2000
0.75%
CS4972321
CREDIT SUISSE GROUP AG SR UNSECURED 144A 04/31 VAR
0.71%
BAC5402225
BANK OF AMERICA CORP SR UNSECURED 04/33 VAR
0.70%
TMUS5190118
T MOBILE USA INC COMPANY GUAR 04/30 3.875
0.67%
GS37
Goldman Sachs Group, Inc. - 6.75% NT REDEEM 01/10/2037 USD 2000
0.61%
IBM29A
International Business Machines Corp. - 3.50% NT REDEEM 15/05/2029 USD 100000
0.60%
JPM5472700
JPMORGAN CHASE + CO SUBORDINATED 09/33 VAR
0.59%
AMGN5542113
AMGEN INC SR UNSECURED 03/30 5.25
0.59%
Invest with LQIG

What is LQIG?

LQIG tracks the MarketAxess U.S. Investment Grade 400 Corporate Bond Index (the "Index"). The Index's emphasis on liquidity and use of sector/issuer constraints in index construction may make LQIG an efficient core beta risk and portfolio management tool Bonds in the Index are screened using MarketAxess proprietary Relative Liquidity Score (RLS), where bonds are considered for inclusion based on having higher-than-average liquidity relative to the broader U.S. corporate bond market, and then assessed for their tradability at the Index level, with final weights derived after constraining for specific issuer and sector characteristics. Seeking to track an index focused on liquidity, LQIG may provide more accurate real-time pricing visibility into the corporate bond market, translating into potentially tighter-bid ask spreads and less volatile premium/discounts than corporate bond ETFs that track indices that do not screen for relative liquidity.

ETFs related toLQIG

ETFs correlated to LQIG include LQD, VCEB, SUSC

LQIG
SPDR Series Trust - SPDR MarketAxess Investment Grade 400 Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
VTC
Vanguard Group, Inc. - Vanguard Total Corporate Bond ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
IGEB
BlackRock Institutional Trust Company N.A. - iShares Investment Grade Bond Factor ETF
SPBO
SPDR Series Trust - SPDR Portfolio Corporate Bond ETF
GIGB
Goldman Sachs ETF Trust - Goldman Sachs Access Investment Grade Corporate Bond ETF
USIG
BlackRock Institutional Trust Company N.A. - iShares Broad USD Investment Grade Corporate Bond ETF
SPLB
SSgA Active Trust - SPDR Portfolio Long Term Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toLQIG

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with LQIG using Composer

FAQ

LQIG is a US Bonds ETF. LQIG tracks the MarketAxess U.S. Investment Grade 400 Corporate Bond Index (the "Index"). The Index's emphasis on liquidity and use of sector/issuer constraints in index construction may make LQIG an efficient core beta risk and portfolio management tool Bonds in the Index are screened using MarketAxess proprietary Relative Liquidity Score (RLS), where bonds are considered for inclusion based on having higher-than-average liquidity relative to the broader U.S. corporate bond market, and then assessed for their tradability at the Index level, with final weights derived after constraining for specific issuer and sector characteristics. Seeking to track an index focused on liquidity, LQIG may provide more accurate real-time pricing visibility into the corporate bond market, translating into potentially tighter-bid ask spreads and less volatile premium/discounts than corporate bond ETFs that track indices that do not screen for relative liquidity.

LQIG tracks the MarketAxess U.S. Investment Grade 400 Corporate Bond Index.

No, LQIG is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, LQIG is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on LQIG is -0.0025%. This is the percent change in the value of LQIG over the most recent 1-month period. The 3-month return on LQIG is 0.0272%. This is the percent change in the value of LQIG over the most recent 3-month period.

The standard deviation of LQIG for the past year is 0.1081%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to LQIG include IGSB, VCSH, and HYG.

ETFs correlated to LQIG include LQD, VCEB, and SUSC.

ETFs that are inversely correlated to LQIG include PST, TBF, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.