LQDW vs VAIE: Grades, Fees and Holdings Compared

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF

LQDWACboe

Vegashares US Equity Autocallable Income ETF

VAIEBNYSE Arca

Overlap

0.0%by weight

Expense ratio

LQDW −0.40pt a year

LQDW0.34%VAIE0.74%

Avg volume · 30D

LQDW 2.1×the volume

LQDW107KVAIE50.5K

LQDW vs VAIE Performance

Jul 31, 2026 – Nov 2, 2026

+0.6%LQDW−1.7%VAIE

Expense ratio: LQDW 0.34%, better; VAIE 0.74%
Fund size: LQDW $353M; VAIE $69M
1Y total return: LQDW +1.8%; VAIE No data
Yield (12M): LQDW 12.41%; VAIE No data
Holdings: LQDW 3192; VAIE 3
Avg volume (30D): LQDW 107K sh, better; VAIE 50.5K sh
NAV per share: LQDW $22.87; VAIE $23.26
52W range

ETF.net Grade

Pillar letters and Scores for LQDW, VAIE, with each pillar’s weight
Pillar	LQDW	VAIE
Cost30% weight	A100Higher	B63
Mission25% weight	A94	Not scored
Risk15% weight	B66Higher	B60
Tradability15% weight	A78Higher	C45
Holdings10% weight	A100	Not scored
Durability5% weight	A82Higher	D34

Rank among Index Option Income funds

How we build Categories ›

Same Category. LQDW and VAIE 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 VAIE 13th 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 12BOVMOverlay Shares Municipal Bond ETFScore 57
Rank 13BVAIEVegashares US Equity Autocallable Income ETFScore 55
Rank 14COVFOverlay Shares Foreign Equity ETFScore 47

Our read on each fund

ETF.net Research

LQDWAiShares Investment Grade Corporate Bond BuyWrite Strategy ETF

VAIEBVegashares US Equity Autocallable Income ETF

In short

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.

VAIE No data

Stated mandate

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

VAIE No data

Why people hold it

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.

VAIE No data

Worth knowing

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.

VAIE No data

Full LQDW profile⁠

Full VAIE profile⁠

LQDW vs VAIE Holdings

How LQDW and VAIE differ

Overlap by weight

0.0%

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

Level by level

Asset classFixed Income, Alternatives0.0%
Holdings0 in both0.0%
Countryby domicile100%

Sector

No Sector split for VAIE.

Country, concentration and asset class

Country by domicile

Country weights in LQDW and VAIE, widest gap first
Country	More in LQDWMore in VAIE	LQDW	VAIE
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

LQDW2.2%
VAIE204.4%

Securities held

LQDW3,189
VAIE2

Asset class

LQDW: Fixed Income
VAIE: Alternatives

Holdings

Only in LQDW3,189
In both0
Only in VAIE2

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%

Only in VAIE

2 securities, 100% of VAIE by weight

United States Treasury Bill 11/19/2026103.77%
First American Government Obligations Fund 12/01/20310.30%

Weight gaps

LQDW and VAIE share no securities.

All LQDW holdings⁠All VAIE 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.

LQDW vs VAIE Cost

Overpaying VAIE vs LQDW

$7,375

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

LQDW 0.34%
$6,932
VAIE 0.74%
$14,307

Amount$10,000

Years30 years

Cost over time

LQDW 0.34%
VAIE 0.74%
Overpaying

Year by year

Year	LQDW	VAIE	Overpaying
10	$616	$1,319	$703
20	$2,386	$5,015	$2,629
30	$6,932	$14,307	$7,375

Expense ratio

0.34%LQDW, cheaper
0.74%VAIE

LQDW0.34%VAIE0.74%

0.34%1.34%

Middle half of Index Option Income funds
Median 0.81%

LQDW cheapest of 25 funds

VAIE 9th cheapest of 25 funds

LQDW vs VAIE Dividends

Last 12 months to Nov 2, 2026

Yield (12M): LQDW 12.41%; VAIE No data
Payout (12M): LQDW $2.83; VAIE No data
Last payment: LQDW $0.38; VAIE $0.08
Ex-dividend: LQDW Oct 2, 2026; VAIE Oct 29, 2026
Paid on: LQDW Oct 7, 2026; VAIE Oct 30, 2026
Frequency: LQDW Monthly; VAIE Weekly

Distribution history

Per share, 2026, same scale for both

LQDWMonthly · 9 paymentsAll LQDW payments⁠

VAIEWeekly · 24 paymentsAll VAIE payments⁠

LQDW vs VAIE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: LQDW 4.2%VAIE No data
Return per unit of riskSharpe ratio, 3 years: LQDW 0.16VAIE No data
Worst fallMax drawdown, 5 years: LQDW −9.2%since Aug 2022VAIE No data
Market sensitivityBeta, 5 years: LQDW 0.59VAIE 0.86; Market = 1

LQDW and VAIE 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
New ETFs
VegaShares' new autocallable ETF trades coupon for a deeper barrier
Oct 5, 2026VAIE

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LQDW vs VAIE

In short

Stated mandate

Why people hold it

Worth knowing

How LQDW and VAIE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in LQDW

Only in VAIE

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

VegaShares' new autocallable ETF trades coupon for a deeper barrier

How LQDW and VAIE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in LQDW

Only in VAIE

Weight gaps