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ETF comparison

LQD vs SPLB

Both US Corporate Bond.

iShares iBoxx $ Investment Grade Corporate Bond ETF · State Street SPDR Portfolio Long Term Corporate Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
35.5 %

1,259 positions appear in both funds. Buying equal dollars of LQD and SPLB would leave roughly 35.5% of each dollar exposed to the same underlying securities.

LQD only 70.9% Shared 35.5% SPLB only 66.8%
In LQD only
1,834 positions
Shared
1,259 positions
In SPLB only
1,788 positions

Side by side

LQD

iShares iBoxx $ Investment Grade Corporate Bond ETF

iShares · US Corporate Bond

85 composite / 100
Expense ratio
0.14%
Net assets
$33.11B
TTM yield
4.59%
Top-10 conc.
9.6%
SPLB

State Street SPDR Portfolio Long Term Corporate Bond ETF

State Street · US Corporate Bond

78 composite / 100
Expense ratio
0.040%
Net assets
$1.21B
TTM yield
5.47%
Top-10 conc.
5.8%

Sub-score comparison

86
Cost
96
51
Tax efficiency
50
100
Liquidity
60
100
Concentration
100
—
Tracking quality
—
LQD sub-score SPLB

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SPLB is 10 bps cheaper than LQD. On a $100,000 position that's about $100/yr more in fees for LQD.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with LQD vs SPLB.

Top shared holdings

1,259 shared in total
# Holding In LQD In SPLB Overlap
1 ANHEUSER-BUSCH CO/INBEV 0.20% 0.33% 0.20%
2 CVS HEALTH CORP 0.17% 0.32% 0.17%
3 META PLATFORMS INC 0.14% 0.23% 0.14%
4 GOLDMAN SACHS GROUP INC 0.14% 0.16% 0.14%
5 GOLDMAN SACHS GROUP INC 0.15% 0.13% 0.13%
6 AT&T INC 0.13% 0.16% 0.13%
7 PFIZER INVESTMENT ENTER 0.13% 0.21% 0.13%
8 AT&T INC 0.13% 0.14% 0.13%
9 WELLS FARGO & COMPANY 0.13% 0.22% 0.13%
10 BOEING CO 0.12% 0.20% 0.12%
11 ABBVIE INC 0.12% 0.22% 0.12%
12 META PLATFORMS INC 0.12% 0.30% 0.12%

Only in LQD

1,834 total
  • BlackRock Funds III 8.20%
  • GOLDMAN SACHS GROUP INC 0.17%
  • T-MOBILE USA INC 0.15%
  • ABBVIE INC 0.15%
  • BANK OF AMERICA CORP 0.14%
  • BANK OF AMERICA CORP 0.13%
  • ANHEUSER-BUSCH CO/INBEV 0.13%
  • WELLS FARGO & COMPANY 0.13%
  • JPMORGAN CHASE & CO 0.12%
  • BANK OF AMERICA CORP 0.12%

Only in SPLB

1,788 total
  • State Street Global Advisors 3.22%
  • AMAZON.COM INC 0.50%
  • HONEYWELL AEROSPACE INC 0.16%
  • MORGAN STANLEY 0.16%
  • WALMART INC 0.15%
  • SALESFORCE INC 0.15%
  • JBS NV/USA FOODS/FOOD CO 0.15%
  • SALESFORCE INC 0.11%
  • ENBRIDGE ENERGY PARTNERS 0.11%
  • AMERICA MOVIL SAB DE CV 0.11%

Open LQD or SPLB at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.