iShares Interest Rate Hedged Corporate Bond ETF (LQDH)

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The chart shows the growth of an initial investment of $10,000 in iShares Interest Rate Hedged Corporate Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

iShares Interest Rate Hedged Corporate Bond ETF (LQDH) has returned -0.16% so far this year and 6.38% over the past 12 months. Over the last ten years, LQDH has returned 4.52% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jun 17, 2014, LQDH's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, your investment would double in approximately 19.9 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +4.7%, while the worst month was Mar 2020 at -9.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.

On a daily basis, LQDH closed higher 52% of trading days. The best single day was Mar 23, 2020 with a return of +5.5%, while the worst single day was Mar 18, 2020 at -6.4%.

iShares Interest Rate Hedged Corporate Bond ETF has an annualized alpha of 1.41%, beta of 0.18, and R² of 0.27 versus S&P 500 Index. Calculated based on daily prices since June 18, 2014.

• This ETF participated in 25.76% of S&P 500 Index downside but only 22.59% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.18 may look defensive, but with R² of 0.27 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 0.27 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.

LQDH has an expense ratio of 0.25%, which is considered low.

LQDH ranks 77 for risk / return — better than 77% 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.

The table below present risk-adjusted performance metrics for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and compare them to a chosen benchmark (S&P 500 Index).

iShares Interest Rate Hedged Corporate Bond ETF provided a 6.13% dividend yield over the last twelve months, with an annual payout of $5.66 per share.

The table displays the monthly dividend distributions for iShares Interest Rate Hedged Corporate Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the iShares Interest Rate Hedged Corporate Bond 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 Interest Rate Hedged Corporate Bond ETF was 24.63%, occurring on Mar 20, 2020. Recovery took 170 trading sessions.

The current iShares Interest Rate Hedged Corporate Bond ETF drawdown is 1.10%.

The chart below shows the rolling one-month volatility.