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Upturn AI SWOT - About
SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG)
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Upturn Advisory Summary
04/01/2025: LQIG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit -0.49% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 1570 | Beta - | 52 Weeks Range 87.41 - 96.77 | Updated Date 04/2/2025 |
52 Weeks Range 87.41 - 96.77 | Updated Date 04/2/2025 |
Upturn AI SWOT
SPDR MarketAxess Investment Grade 400 Corporate Bond ETF
ETF Overview
Overview
The SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQD) seeks to provide investment results that correspond generally to the price and yield performance of the MarketAxess US Investment Grade 400 Corporate Bond Index. It primarily focuses on investment-grade corporate bonds, aiming to provide broad exposure to the investment-grade corporate bond market with a diversified portfolio.
Reputation and Reliability
State Street Global Advisors (SSGA) is a reputable and reliable ETF issuer with a long track record in the market.
Management Expertise
SSGA has a strong management team with extensive experience in fixed-income investing and ETF management.
Investment Objective
Goal
The ETF seeks to track the performance of the MarketAxess US Investment Grade 400 Corporate Bond Index.
Investment Approach and Strategy
Strategy: The ETF employs a passive management strategy, attempting to replicate the performance of its underlying index.
Composition The ETF primarily holds investment-grade corporate bonds. Its portfolio is diversified across various sectors within the investment-grade corporate bond market.
Market Position
Market Share: LQD is one of the largest ETFs in the investment-grade corporate bond space, although its market share is divided among several large competitors.
Total Net Assets (AUM): 33660000000
Competitors
Key Competitors
- iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD)
- Vanguard Total Bond Market ETF (BND)
- iShares Core U.S. Aggregate Bond ETF (AGG)
- Vanguard Intermediate-Term Corporate Bond ETF (VCIT)
Competitive Landscape
The investment-grade corporate bond ETF market is highly competitive, with several large players. LQD benefits from its large AUM and established track record. Compared to BND and AGG, LQD has a narrower focus. VCIT focuses on intermediate-term bonds. Expense ratios and tracking error are key competitive factors.
Financial Performance
Historical Performance: Historical performance data should be acquired from official data sources. Past performance is not indicative of future results.
Benchmark Comparison: The ETF's performance should be compared to the MarketAxess US Investment Grade 400 Corporate Bond Index for accurate benchmarking.
Expense Ratio: 0.14
Liquidity
Average Trading Volume
LQD generally exhibits high liquidity, with a substantial average daily trading volume, facilitating easy entry and exit for investors.
Bid-Ask Spread
LQD typically has a tight bid-ask spread, reflecting its high liquidity and minimizing trading costs.
Market Dynamics
Market Environment Factors
Economic growth, interest rate movements, inflation expectations, and credit spreads significantly affect LQD's performance.
Growth Trajectory
The growth trajectory depends on investor demand for fixed-income exposure, particularly investment-grade corporate bonds, and the ETF's ability to maintain low tracking error.
Moat and Competitive Advantages
Competitive Edge
LQD benefits from its large AUM, which contributes to lower trading costs and tighter bid-ask spreads. Its track record and brand recognition from State Street further enhance its position. The ETF's focus on investment-grade corporate bonds allows investors to specifically target this segment of the fixed-income market. The ETF's large size allows for efficient trading. Its strong brand name attracts investors seeking stability.
Risk Analysis
Volatility
Volatility is moderate, reflecting the nature of investment-grade corporate bonds, which are generally less volatile than equities.
Market Risk
Specific risks include interest rate risk (changes in interest rates can affect bond prices) and credit risk (risk of default by the bond issuers). Broader market sentiment and economic conditions also influence performance.
Investor Profile
Ideal Investor Profile
The ideal investor is one seeking exposure to investment-grade corporate bonds for income or diversification purposes. This includes risk-averse investors, retirees, and those looking for a stable component in their portfolio.
Market Risk
LQD is best suited for long-term investors and passive index followers seeking diversified exposure to investment-grade corporate bonds.
Summary
The SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQD) offers a diversified portfolio of investment-grade corporate bonds, tracking the MarketAxess US Investment Grade 400 Corporate Bond Index. Managed by State Street, it's a popular choice for investors seeking stable income and diversification within their portfolios. It's well-suited for long-term investors and passive index followers. While offering stability, investors should be mindful of interest rate and credit risks. LQD maintains a competitive position owing to its considerable AUM and relatively low expense ratio.
Similar Companies
- VCSH
- HYG
- IEF
- AGG
- BND
- VCIT
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA)
- MarketAxess
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Past performance is not indicative of future results. Market share data is estimated and may vary across sources.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR MarketAxess Investment Grade 400 Corporate Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index.
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