- ISIN
- US46431W7056
- CUSIP
- 46431W705
- Issuer
- iShares
- Inception Date
- May 27, 2014
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $517M
Share Price Chart
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Performance
LQDH Performance Chart
iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is up 2.4% since the beginning of the year. LQDH is currently trading at $93 per share. Investors who bought $1,000 worth of LQDH shares 5 years ago would now be looking at an investment worth $1,292.
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Returns By Period
iShares Interest Rate Hedged Corporate Bond ETF (LQDH) has returned 2.41% so far this year and 7.38% over the past 12 months. Over the last ten years, LQDH has returned 4.66% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares Interest Rate Hedged Corporate Bond ETF
- 1D
- 0.06%
- 1M
- 0.30%
- YTD
- 2.41%
- 6M
- 2.78%
- 1Y
- 7.38%
- 3Y*
- 7.84%
- 5Y*
- 5.25%
- 10Y*
- 4.66%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
LQDH Monthly Returns History
Based on dividend-adjusted daily data since Jun 17, 2014, LQDH's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 62% of months were positive and 38% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.60% | -1.04% | 0.29% | 0.95% | 1.53% | 0.08% | 2.41% | ||||||
| 2025 | 0.88% | -0.13% | -0.33% | -1.10% | 2.03% | 0.87% | 1.23% | 0.21% | 1.41% | 0.31% | 0.68% | 0.77% | 7.00% |
| 2024 | 0.90% | 0.08% | 1.42% | 0.52% | 0.96% | -0.71% | 0.45% | 0.48% | 1.06% | 0.51% | 1.40% | 0.14% | 7.43% |
| 2023 | 2.91% | -0.86% | 0.34% | 0.59% | -0.08% | 2.34% | 1.34% | 0.21% | -0.03% | 0.06% | 3.07% | 0.81% | 11.14% |
| 2022 | -1.42% | -1.67% | 1.06% | -2.10% | 1.35% | -2.25% | 1.71% | -0.81% | -1.67% | 1.15% | 3.01% | -0.08% | -1.88% |
| 2021 | -0.37% | 0.48% | 1.23% | -0.44% | 0.13% | 0.52% | -0.08% | -0.14% | 0.07% | 0.61% | -0.79% | 0.63% | 1.84% |
Benchmark Metrics
iShares Interest Rate Hedged Corporate Bond ETF has an annualized alpha of 1.41%, beta of 0.18, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since June 17, 2014.
- This ETF participated in 25.46% of S&P 500 Index downside but only 22.06% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.18 may look defensive, but with R2 of 0.26 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 0.26 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
- 1.41%
- Beta
- 0.18
- R²
- 0.26
- Upside Capture
- 22.06%
- Downside Capture
- 25.46%
Expense Ratio
LQDH has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
LQDH ranks 82 for risk / return — in the top 82% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) 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.
| LQDH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.37 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 2.78 | +0.38 |
| Martin ratioReturn relative to average drawdown | 13.45 | 12.44 | +1.01 |
Dividends
Dividend History
iShares Interest Rate Hedged Corporate Bond ETF provided a 5.94% dividend yield over the last twelve months, with an annual payout of $5.55 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.55 | $5.66 | $7.02 | $7.15 | $3.38 | $1.57 | $2.12 | $2.97 | $4.61 | $2.31 | $2.19 | $2.73 |
Dividend yield | 5.94% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.43 | $0.43 | $0.49 | $0.46 | $0.43 | $2.24 | ||||||
| 2025 | $0.00 | $0.42 | $0.45 | $0.48 | $0.52 | $0.49 | $0.48 | $0.52 | $0.47 | $0.49 | $0.46 | $0.88 | $5.66 |
| 2024 | $0.00 | $0.67 | $0.61 | $0.57 | $0.64 | $0.61 | $0.54 | $0.60 | $0.58 | $0.56 | $0.55 | $1.10 | $7.02 |
| 2023 | $0.00 | $0.52 | $0.49 | $0.41 | $0.44 | $0.43 | $0.47 | $0.59 | $0.74 | $0.75 | $0.77 | $1.56 | $7.15 |
| 2022 | $0.00 | $0.10 | $0.12 | $0.13 | $0.15 | $0.18 | $0.22 | $0.27 | $0.33 | $0.37 | $0.37 | $1.15 | $3.38 |
| 2021 | $0.00 | $0.14 | $0.15 | $0.14 | $0.14 | $0.14 | $0.13 | $0.11 | $0.10 | $0.11 | $0.12 | $0.30 | $1.57 |
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 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 0.15%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -24.63%Mar 2020 | 2mo 18d | 8mo 4d | 10mo 22dJan 2020 - Nov 2020 |
2016 pullback2016 | -9.64%Feb 2016 | 1y 6mo | 10mo 5d | 2y 4moJul 2014 - Dec 2016 |
Bear market2022 | -7.08%Sep 2022 | 10mo 24d | 4mo | 1y 2moNov 2021 - Jan 2023 |
2025 selloff2025 | -4.86%Apr 2025 | 1mo 16d | 1mo 27d | 3mo 13dFeb 2025 - Jun 2025 |
2019 pullback2019 | -4.57%Jan 2019 | 3mo 3d | 3mo 5d | 6mo 8dOct 2018 - Apr 2019 |
Drawdown Indicators
| LQDH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.63% | -56.78% | +32.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -9.10% | +6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -4.86% | -18.90% | +14.04% |
Max Drawdown (5Y)Largest decline over 5 years | -7.08% | -25.43% | +18.35% |
Max Drawdown (10Y)Largest decline over 10 years | -24.63% | -33.92% | +9.29% |
Current DrawdownCurrent decline from peak | -0.15% | -1.80% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -10.71% | +9.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 2.03% | -1.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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