LQDI vs USIG: Grades, Fees and Holdings Compared

iShares Inflation Hedged Corporate Bond ETF

LQDIBCboe

iShares Broad USD Investment Grade Corporate Bond ETF

USIGANasdaq

Overlap

No data

Expense ratio

USIG −0.14pt a year

LQDI0.18%USIG0.04%

Avg volume · 30D

USIG 227.2×the volume

LQDI9.51KUSIG2.16M

5Y return · a year

LQDI +0.2pt

LQDI+0.3%USIG+0.1%

LQDI vs USIG Performance

Nov 2, 2021 – Nov 2, 2026

+1.4%LQDI+0.5%USIG

Expense ratio: LQDI 0.18%; USIG 0.04%, better
Fund size: LQDI $67M; USIG $18B
1Y total return: LQDI −1.5%; USIG −0.5%, better
Yield (12M): LQDI 4.86%; USIG 5.37%, better
Holdings: LQDI 3303; USIG 11595
Avg volume (30D): LQDI 9.51K sh; USIG 2.16M sh, better
NAV per share: LQDI $25.32; USIG $49.53
52W range

ETF.net Grade

Pillar letters and Scores for LQDI, USIG, with each pillar’s weight
Pillar	LQDI	USIG
Cost30% weight	A70	A98Higher
Mission25% weight	A71	A100Higher
Risk15% weight	D38	C53Higher
Tradability15% weight	D30	A95Higher
Holdings10% weight	B66	A97Higher
Durability5% weight	C54	A92Higher

Rank among Investment Grade Corporate funds

How we build Categories ›

Same Category. LQDI and USIG are both graded against the same 49 Investment Grade Corporate funds, so their Grades compare head to head.

Investment Grade Corporate⁠

Category · 49 funds

See all 49 ›

USIG ranks 1st and LQDI 24th of 49 funds in the Investment Grade Corporate Category.

Rank 1AUSIGiShares Broad USD Investment Grade Corporate Bond ETFScore 90
Rank 2ASPBOState Street SPDR Portfolio Corporate Bond ETFScore 89
Rank 24BFLCOFranklin Investment Grade Corporate ETFScore 58
Rank 24BLQDIiShares Inflation Hedged Corporate Bond ETFScore 58
Rank 26BGXIGGlobal X Investment Grade Corporate Bond ETFScore 57

Our read on each fund

ETF.net Research

LQDIBiShares Inflation Hedged Corporate Bond ETF

USIGAiShares Broad USD Investment Grade Corporate Bond ETF

In short

LQDI Investment-grade corporate credit with a CPI swap stapled on top: LQDI owns a corporate bond fund and overlays inflation swaps to trim inflation sensitivity, at 0.18% net of a waiver through February 29, 2028.

USIG Most investment-grade corporate bond funds hand you one slice of the maturity curve. USIG takes the whole thing, thousands of US dollar corporate bonds from short-dated to long, for four basis points a year.

Stated mandate

LQDI The Fund seeks to track an index intended to reduce inflation risk for a portfolio of U.S. dollar-denominated, investment-grade corporate bonds. It primarily uses an underlying corporate-bond fund and inflation swaps to implement that exposure.

USIG The fund seeks to track an index of U.S. dollar-denominated investment-grade corporate bonds.

Why people hold it

LQDI Rare build in the corporate bond aisle: index exposure to dollar investment-grade corporates plus an inflation swap overlay, instead of credit exposure straight up.ishares.com
0.18% net of a waiver through February 29, 2028 (0.33% gross), below the corporate bond category median, and that price includes the swap overlay.
BlackRock plumbing since 2018: an index mandate, monthly distributions, and one of the stronger implementations in its investment-grade corporate peer group.

USIG Costs 0.04% a year, against a category median near 0.19%. CORP, which tracks the same ICE BofA US Corporate Index, charges 0.41%.
One ticker, the full USD investment-grade corporate curve: thousands of bonds, short to long. Slice funds like IGSB (1-5 year) and IGIB (5-10 year) each cover one segment.ishares.com
Running since 2007, it has tracked its index with very little drift and is one of the more actively traded funds in its category.
Interest lands monthly, and this is a multi-billion-dollar fund that ranks among the strongest implementations in its peer group.

Worth knowing

LQDI The overlay targets inflation only. iShares notes the hedging instruments are not intended to mitigate credit risk, and the swaps put the fund in a commodity pool wrapper.ishares.com
Inflation swaps reference expected inflation, so the overlay addresses the gap between realized CPI and what the bond market already priced in, not the headline rate.ishares.com
Small and thinly traded next to the category's giants, which can mean wider bid-ask spreads.

USIG Owning the whole curve means long-dated bonds ride along, so the price swings more when rates move than a short-maturity slice such as IGSB.
This is corporate credit, not Treasuries. Investment grade at purchase, but prices can fall when spreads widen or an issuer is downgraded.ishares.com
VCIT edges it on fee at 0.03%, though that fund stays in intermediate maturities rather than the full curve.

Full LQDI profile⁠

Full USIG profile⁠

LQDI vs USIG Holdings

How LQDI and USIG differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile79.5%
Sector21 Sectors85.7%
Asset classFixed Income100%

Sector

Sector weights in LQDI and USIG, widest gap first
Sector	More in LQDIMore in USIG	LQDI	USIG
Communications	LQDI +5.0 points	12.5%	7.5%
Electric	USIG +4.5 points	5.1%	9.6%
Health Care	LQDI +4.4 points	13.7%	9.3%
Owned No Guarantee	USIG +2.4 points	0.1%	2.5%
Insurance	USIG +2.1 points	5.0%	7.1%
Banking	LQDI +1.9 points	26.6%	24.7%
Reits	USIG +1.5 points	1.0%	2.5%
Energy	LQDI +1.5 points	9.2%	7.7%
Basic Industry	USIG +1.2 points	1.9%	3.1%
Consumer Discretionary	LQDI +0.8 points	8.7%	7.9%
Finance Companies	USIG +0.6 points	0.9%	1.5%
Natural Gas	USIG +0.6 points	0.3%	0.9%
Brokerage/Asset Managers/Exchanges	USIG +0.5 points	1.3%	1.8%
Transportation	USIG +0.5 points	1.6%	2.1%
Treasuries	LQDI +0.4 points	0.4%	0.0%
Consumer Non-Cyclical	LQDI +0.4 points	6.1%	5.7%
Capital Goods	USIG +0.3 points	5.5%	5.8%
Sovereign	USIG +0.1 points	0.0%	0.1%
Local Government No Guarantee	Same weight	0.0%	0.0%
Government Sponsored	Same weight	0.0%	0.0%
Real Estate	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in LQDI and USIG, widest gap first
Country	More in LQDIMore in USIG	LQDI	USIG
United States	LQDI +20.5 points	100.0%	79.5%
United Kingdom	USIG +3.8 points	0.0%	3.8%
Canada	USIG +3.0 points	0.0%	3.0%
Japan	USIG +2.3 points	0.0%	2.3%
France	USIG +1.7 points	0.0%	1.7%
Netherlands	USIG +1.2 points	0.0%	1.2%
Cayman Islands	USIG +1.2 points	0.0%	1.2%
Australia	USIG +1.1 points	0.0%	1.1%
Other countries (30)	USIG +6.3 points	0.0%	6.3%

Concentration

Weight in the 10 largest Holdings

LQDI8.8%
USIG0.9%

Securities held

LQDI3,299
USIG11,584

Asset class

LQDI: Fixed Income
USIG: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. LQDI holds 3,299 securities, USIG 11,584.

All LQDI holdings⁠All 11,630 USIG 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.

LQDI vs USIG Cost

Overpaying LQDI vs USIG

$2,900

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

LQDI 0.18%
$3,749
USIG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

LQDI 0.18%
USIG 0.04%
Overpaying

Year by year

Year	LQDI	USIG	Overpaying
10	$328	$73	$255
20	$1,281	$288	$993
30	$3,749	$849	$2,900

Expense ratio

0.18%LQDI
0.04%USIG, cheaper

USIG0.04%LQDI0.18%

0.03%0.53%

Middle half of Investment Grade Corporate funds
Median 0.25%

USIG 3rd cheapest of 49 funds

LQDI 14th cheapest of 49 funds

LQDI vs USIG Dividends

Last 12 months to Nov 2, 2026

Yield (12M): LQDI 4.86%; USIG 5.37%, better
Payout (12M): LQDI $1.22; USIG $2.65
Last payment: LQDI $0.11; USIG $0.21
Ex-dividend: LQDI Oct 2, 2026; USIG Nov 2, 2026
Paid on: LQDI Oct 7, 2026; USIG Pays Nov 5, 2026
Frequency: LQDI Monthly; USIG Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

LQDIMonthly · 45 paymentsAll LQDI payments⁠

USIGMonthly · 46 paymentsAll USIG payments⁠

LQDI vs USIG Risk

Fall from peak · 5 years

LQDI
USIG

Risk facts

VolatilityStd dev, 3 years: LQDI 6.1%USIG 6.1%
Return per unit of riskSharpe ratio, 3 years: LQDI 0.30USIG 0.34, better
Worst fallMax drawdown, 5 years: LQDI −20.7%, betterUSIG −21.1%
Market sensitivityBeta, 5 years: LQDI 1.01USIG 1.04; Market = 1

LQDI and USIG in the news

All news⁠

Best ETFs
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Updated Nov 2, 2026USIG
Best ETFs
Best bond ETFs: LQD, HYG and TLT cost more than the funds beside them
Updated Oct 2, 2026USIG
ETF Filings
RBB Fund Trust files to register The Inflation Protection ETF, fee still blank
Oct 1, 2026LQDI

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LQDI vs USIG

In short

Stated mandate

Why people hold it