- Issuer
- iShares
- Inception Date
- Aug 19, 2020
- Category
- Global Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares $ Corp Bond Interest Rate Hedged UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
HLQD.L Performance Chart
iShares $ Corp Bond Interest Rate Hedged UCITS ETF (HLQD.L) is up 2.3% since the beginning of the year. HLQD.L is currently trading at $7 per share. Investors who bought $1,000 worth of HLQD.L shares 5 years ago would now be looking at an investment worth $1,302.
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Returns By Period
iShares $ Corp Bond Interest Rate Hedged UCITS ETF (HLQD.L) has returned 2.31% so far this year and 5.11% over the past 12 months.
iShares $ Corp Bond Interest Rate Hedged UCITS ETF
- 1D
- 0.21%
- 1M
- -0.07%
- 6M
- 2.17%
- YTD
- 2.31%
- 1Y
- 5.11%
- 3Y*
- 7.50%
- 5Y*
- 5.42%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
HLQD.L Monthly Returns History
Based on dividend-adjusted daily data since Jun 29, 2018, HLQD.L's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +3.8%, while the worst month was Mar 2020 at -8.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HLQD.L closed higher 47% of trading days. The best single day was Mar 24, 2020 with a return of +5.2%, while the worst single day was Mar 9, 2020 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.42% | -0.56% | -0.14% | 1.54% | 0.97% | -0.14% | 0.21% | 2.31% | |||||
| 2025 | 0.30% | -0.59% | -0.00% | -0.44% | 2.08% | 0.87% | 1.01% | 0.29% | 0.71% | -0.00% | 0.42% | 0.71% | 5.47% |
| 2024 | 0.80% | 0.16% | 0.95% | 0.78% | 0.62% | -0.31% | 0.62% | 0.46% | 0.92% | 0.91% | 1.20% | 0.74% | 8.15% |
| 2023 | 1.46% | -0.36% | 0.31% | 0.45% | 0.12% | 2.18% | 1.53% | 0.50% | 0.67% | 0.17% | 2.98% | 0.64% | 11.14% |
| 2022 | -1.59% | -1.19% | 1.08% | -2.03% | 1.64% | -2.87% | 1.88% | -0.12% | -1.31% | 1.91% | 2.43% | 0.74% | 0.41% |
| 2021 | -0.07% | 0.79% | 0.45% | -0.02% | 0.18% | 0.67% | -0.71% | 0.04% | 0.30% | 0.02% | -0.75% | 0.37% | 1.25% |
Benchmark Metrics
iShares $ Corp Bond Interest Rate Hedged UCITS ETF has an annualized alpha of 2.57%, beta of 0.15, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since June 29, 2018.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.54%) than losses (18.35%) - typical of diversified or defensive assets.
- Beta of 0.15 may look defensive, but with R2 of 0.22 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.22 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.57%
- Beta
- 0.15
- R²
- 0.22
- Upside Capture
- 19.54%
- Downside Capture
- 18.35%
Expense Ratio
HLQD.L has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
HLQD.L ranks 66 for risk / return — better than 66% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares $ Corp Bond Interest Rate Hedged UCITS ETF (HLQD.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HLQD.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.35 | +1.21 |
| Martin ratioReturn relative to average drawdown | 11.38 | 10.19 | +1.19 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares $ Corp Bond Interest Rate Hedged UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares $ Corp Bond Interest Rate Hedged UCITS ETF was 21.96%, occurring on Mar 20, 2020. Recovery took 177 trading sessions.
The current iShares $ Corp Bond Interest Rate Hedged UCITS ETF drawdown is 0.34%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-21.96%Mar 2020 | 1mo 27d | 8mo 16d | 10mo 13dJan 2020 - Dec 2020 | COVID crash2020 |
-6.39%Mar 2022 | 5mo 11d | 10mo 7d | 1y 3moSep 2021 - Jan 2023 | Bear market2022 |
-4.23%Jan 2019 | 3mo | 1mo 27d | 4mo 27dOct 2018 - Mar 2019 | — |
-3.56%Mar 2023 | 1mo 10d | 2mo 12d | 3mo 22dFeb 2023 - May 2023 | — |
-3.08%Apr 2025 | 1mo 13d | 1mo 3d | 2mo 16dFeb 2025 - May 2025 | 2025 selloff2025 |
Drawdown Indicators
| HLQD.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.96% | -56.78% | +34.82% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -9.10% | +7.71% |
Max Drawdown (3Y)Largest decline over 3 years | -3.08% | -18.90% | +15.82% |
Max Drawdown (5Y)Largest decline over 5 years | -6.39% | -25.43% | +19.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.49% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -1.33% | -10.70% | +9.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 2.09% | -1.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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