ISSB vs LQDW: Grades, Fees and Holdings Compared

IncomeSTKd 1x US Stocks & 1x Bitcoin Premium ETF

ISSBFCboe

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF

LQDWACboe

Overlap

0.0%by weight

Expense ratio

LQDW −0.80pt a year

ISSB1.14%LQDW0.34%

Avg volume · 30D

LQDW 80.1×the volume

ISSB1.34KLQDW107K

ISSB vs LQDW Performance

Jul 31, 2026 – Oct 30, 2026

+22.5%ISSB+0.8%LQDW

Expense ratio: ISSB 1.14%; LQDW 0.34%, better
Fund size: ISSB $2M; LQDW $353M
1Y total return: ISSB No data; LQDW +2.0%
Yield (12M): ISSB No data; LQDW 12.38%
Holdings: ISSB 5; LQDW 3192
Avg volume (30D): ISSB 1.34K sh; LQDW 107K sh, better
NAV per share: ISSB $21.94; LQDW $22.87
52W range

ETF.net Grade

Pillar letters and Scores for ISSB, LQDW, with each pillar’s weight
Pillar	ISSB	LQDW
Cost30% weight	F6	A100Higher
Mission25% weight	Not scored	A94
Risk15% weight	F19	B66Higher
Tradability15% weight	F3	A78Higher
Holdings10% weight	Not scored	A100
Durability5% weight	F13	A82Higher

Rank among Index Option Income funds

How we build Categories ›

Same Category. ISSB and LQDW are both graded against the same 25 Index Option Income funds, so their Grades compare head to head.

Index Option Income⁠

Category · 25 funds

See all 25 ›

LQDW ranks 1st and ISSB 25th of 25 funds in the Index Option Income Category.

Rank 1ALQDWiShares Investment Grade Corporate Bond BuyWrite Strategy ETFScore 87
Rank 2AEFAAInvesco MSCI EAFE Income Advantage ETFScore 78
Rank 24FDRMYXFUNDS MEMORY INCOME ETFScore 17
Rank 25FISSBIncomeSTKd 1x US Stocks & 1x Bitcoin Premium ETFScore 8

Our read on each fund

ETF.net Research

ISSBFIncomeSTKd 1x US Stocks & 1x Bitcoin Premium ETF

LQDWAiShares Investment Grade Corporate Bond BuyWrite Strategy ETF

In short

ISSB No data

LQDW Covered calls, but on bonds. LQDW owns iShares' flagship investment-grade corporate bond fund and writes monthly calls against it, paying distributions monthly, at less than half the option-income cohort's median fee.

Stated mandate

ISSB No data

LQDW The fund seeks to track a strategy holding LQD while writing monthly covered calls to generate income.

Why people hold it

ISSB No data

LQDW At 0.34%, it undercuts the typical option-income fund by well over half (cohort median 0.75%), so less of the premium collected leaks out as fees.
One ticker buys the whole trade: shares of LQD plus a rules-based monthly call overlay. No options approval, no roll dates to babysit.ishares.com
A thin niche. Most option-income funds write calls on stock baskets; this one sits on investment-grade corporate credit instead.
Distributions land monthly, and since its 2022 launch the fund has stuck closely to its stated strategy, among the tighter implementations in its peer group.

Worth knowing

ISSB No data

LQDW Written calls cap the upside. If corporate bonds rally hard, the premium collected is the consolation for price gains handed to the call buyer.
Premium cushions, it does not shield. Widening credit spreads or rising rates still hit the underlying bond portfolio.
Mid-sized and moderately traded rather than a giant, so spreads can run wider than in the biggest option-income names, especially in fast markets.

Full ISSB profile⁠

Full LQDW profile⁠

ISSB vs LQDW Holdings

How ISSB and LQDW differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ISSB and 0.0% of LQDW.

Level by level

Asset classEquity, Fixed Income0.0%
Holdings0 in both0.0%
Countryby domicile99.5%

Sector

No Sector split for ISSB.

Country, concentration and asset class

Country by domicile

Country weights in ISSB and LQDW, widest gap first
Country	More in ISSBMore in LQDW	ISSB	LQDW
United States	LQDW +0.5 points	99.5%	100.0%
Switzerland	ISSB +0.3 points	0.3%	0.0%
China	ISSB +0.1 points	0.1%	0.0%
Mexico	ISSB +0.1 points	0.1%	0.0%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

ISSB101.8%
LQDW2.2%

Securities held

ISSB4
LQDW3,189

Asset class

ISSB: Equity
LQDW: Fixed Income

Holdings

Only in ISSB4
In both0
Only in LQDW3,189

Only in ISSB

4 securities, 74.3% of ISSB by weight

Spy 01/15/2027 670.01 C49.38%
Ibit Us 12/18/26 C4314.67%
First American Government Obligations Fund 12/01/20319.53%
Spy Us 11/06/26 P7500.70%

Only in LQDW

3,189 securities, 99.9% of LQDW by weight

Anheuser-Busch Companies Llc 4.90% 02/01/20460.19%
Space Exploration Technologies Cor 144A 5.35% 07/15/20310.18%
Cvs Health Corp 5.05% 03/25/20480.17%
Paramount Skydance Corp 144A 7.05% 10/15/20310.16%
Amazon.com Inc 4.88% 03/13/20360.15%
T-Mobile Usa Inc 3.88% 04/15/20300.15%
Citigroup Inc 5.86% 09/24/20370.14%
Goldman Sachs Group Inc/The 6.75% 10/01/20370.14%
Meta Platforms Inc 4.88% 11/15/20350.14%
Meta Platforms Inc 5.63% 11/15/20550.13%
Paramount Skydance Corp 144A 7.55% 10/15/20330.13%
Space Exploration Technologies Cor 144A 5.65% 07/15/20330.13%
Boeing Co 5.80% 05/01/20500.13%
Meta Platforms Inc 5.25% 05/15/20360.13%
Pfizer Investment Enterprises Pte 5.30% 05/19/20530.13%
Oracle Corporation 5.70% 02/04/20360.13%
Meta Platforms Inc 6.30% 05/15/20560.13%
Bank of America Corp Mtn 5.47% 01/23/20350.12%
Citigroup Inc 5.58% 09/24/20320.12%
Space Exploration Technologies Cor 144A 5.88% 07/15/20360.12%
Paramount Skydance Corp 144A 7.90% 10/15/20360.12%
AbbVie Inc 4.25% 11/21/20490.12%
Amgen Inc 5.25% 03/02/20330.12%
Alphabet Inc 6.38% 08/15/20560.12%
Anheuser-Busch Companies Llc 4.70% 02/01/20360.11%
Wells Fargo & Company Mtn 5.01% 04/04/20510.11%
Amazon.com Inc 5.80% 03/13/20560.11%
Bank of America Corp Mtn 5.29% 04/25/20340.11%
Boeing Co 5.15% 05/01/20300.11%
Paramount Skydance Corp 144A 8.75% 10/15/20560.11%
Wells Fargo & Company Mtn 5.56% 07/25/20340.11%
Bank of America Corp Mtn 5.01% 07/22/20330.11%
AT&T Inc 3.50% 09/15/20530.11%
Pfizer Investment Enterprises Pte 4.75% 05/19/20330.11%
Goldman Sachs Group Inc/The 5.07% 01/21/20370.11%
Amazon.com Inc 5.30% 07/09/20360.11%
Salesforce Inc 5.55% 03/15/20360.11%
AbbVie Inc 3.20% 11/21/20290.11%
Wells Fargo & Company Mtn 5.83% 09/24/20370.11%
Amazon.com Inc 4.80% 07/09/20310.11%
AT&T Inc 3.55% 09/15/20550.11%
Oracle Corporation 6.70% 02/04/20560.11%
Alphabet Inc 5.45% 08/15/20360.11%
Amgen Inc 5.65% 03/02/20530.10%
JPMorgan Chase & Co 5.35% 06/01/20340.10%
Wells Fargo & Company 6.49% 10/23/20340.10%
Goldman Sachs Group Inc/The 4.94% 10/21/20360.10%
Cvs Health Corp 4.78% 03/25/20380.10%
Amazon.com Inc 4.25% 03/13/20310.10%
JPMorgan Chase & Co 4.91% 07/25/20330.10%

Weight gaps

ISSB and LQDW share no securities.

All ISSB holdings⁠All LQDW holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ISSB vs LQDW Cost

Overpaying ISSB vs LQDW

$13,988

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ISSB 1.14%
$20,920
LQDW 0.34%
$6,932

Amount$10,000

Years30 years

Cost over time

ISSB 1.14%
LQDW 0.34%
Overpaying

Year by year

Year	ISSB	LQDW	Overpaying
10	$1,998	$616	$1,382
20	$7,462	$2,386	$5,076
30	$20,920	$6,932	$13,988

Expense ratio

1.14%ISSB
0.34%LQDW, cheaper

LQDW0.34%ISSB1.14%

0.34%1.34%

Middle half of Index Option Income funds
Median 0.81%

LQDW cheapest of 25 funds

ISSB 23rd cheapest of 25 funds

ISSB vs LQDW Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ISSB No data; LQDW 12.38%
Payout (12M): ISSB No data; LQDW $2.83
Last payment: ISSB $0.07; LQDW $0.38
Ex-dividend: ISSB Oct 26, 2026; LQDW Oct 2, 2026
Paid on: ISSB Oct 27, 2026; LQDW Oct 7, 2026
Frequency: ISSB Weekly; LQDW Monthly

Distribution history

Per share, 2026, same scale for both

ISSBWeekly · 39 paymentsAll ISSB payments⁠

LQDWMonthly · 9 paymentsAll LQDW payments⁠

ISSB vs LQDW Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ISSB No dataLQDW 4.2%
Return per unit of riskSharpe ratio, 3 years: ISSB No dataLQDW 0.16
Worst fallMax drawdown, 5 years: ISSB No dataLQDW −9.2%since Aug 2022
Market sensitivityBeta, 5 years: ISSB 1.71LQDW 0.59; Market = 1

ISSB and LQDW in the news

All news⁠

Income Watch
BlackRock estimates 86% of the iShares Nasdaq Premium Income Active ETF's October check was return of capital
Oct 11, 2026LQDW

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ISSB vs LQDW

In short

Stated mandate

Why people hold it

Worth knowing

How ISSB and LQDW differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ISSB

Only in LQDW

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

BlackRock estimates 86% of the iShares Nasdaq Premium Income Active ETF's October check was return of capital

How ISSB and LQDW differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ISSB

Only in LQDW

Weight gaps