- Issuer
- iShares
- Inception Date
- Aug 19, 2020
- Category
- Global Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
LQDH.L Performance Chart
iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) is up 2.3% since the beginning of the year. LQDH.L is currently trading at $105 per share. Investors who bought $1,000 worth of LQDH.L shares 5 years ago would now be looking at an investment worth $1,296.
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Returns By Period
iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) has returned 2.29% so far this year and 4.74% over the past 12 months. Over the last ten years, LQDH.L has returned 4.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.
iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)
- 1D
- -0.21%
- 1M
- -0.37%
- 6M
- 1.67%
- YTD
- 2.29%
- 1Y
- 4.74%
- 3Y*
- 7.38%
- 5Y*
- 5.33%
- 10Y*
- 4.37%
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%
LQDH.L Monthly Returns History
Based on dividend-adjusted daily data since Sep 19, 2013, LQDH.L's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +3.7%, while the worst month was Mar 2020 at -8.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 7 months.
On a daily basis, LQDH.L closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +5.3%, while the worst single day was Mar 18, 2020 at -5.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.83% | -0.68% | 0.28% | 0.97% | 1.10% | -0.09% | -0.12% | 2.29% | |||||
| 2025 | 0.10% | -0.56% | -0.46% | -0.00% | 1.99% | 0.88% | 0.99% | 0.20% | 0.84% | -0.04% | 0.49% | 0.41% | 4.93% |
| 2024 | 0.26% | 0.58% | 0.96% | 0.72% | 0.74% | -0.20% | 0.07% | 0.72% | 1.30% | 0.86% | 1.10% | 0.87% | 8.27% |
| 2023 | 1.62% | -0.38% | 0.42% | 0.48% | 0.08% | 2.24% | 1.66% | 0.26% | 0.72% | 0.15% | 3.34% | 0.44% | 11.54% |
| 2022 | -1.32% | -1.51% | 1.44% | -2.12% | 1.69% | -2.80% | 2.03% | -0.49% | -1.32% | 1.85% | 2.36% | 0.64% | 0.28% |
| 2021 | -0.36% | 0.53% | 0.84% | -0.07% | 0.30% | 0.48% | -0.72% | 0.21% | 0.22% | 0.20% | -1.18% | 0.47% | 0.92% |
Benchmark Metrics
iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) has an annualized alpha of 1.83%, beta of 0.14, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since September 19, 2013.
- This ETF participated in 20.21% of S&P 500 Index downside but only 19.69% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.17 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 0.17 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
- 1.83%
- Beta
- 0.14
- R²
- 0.17
- Upside Capture
- 19.69%
- Downside Capture
- 20.21%
Expense Ratio
LQDH.L has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
LQDH.L ranks 62 for risk / return — better than 62% 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 USD (Dist) (LQDH.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.
| LQDH.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 2.35 | +0.94 |
| Martin ratioReturn relative to average drawdown | 11.24 | 10.19 | +1.05 |
Dividends
Dividend History
iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) provided a 4.34% dividend yield over the last twelve months, with an annual payout of $4.54 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.54 | $4.86 | $5.75 | $4.92 | $1.99 | $1.52 | $2.41 | $3.52 | $2.69 | $2.12 | $2.38 | $3.05 |
Dividend yield | 4.34% | 4.66% | 5.52% | 4.83% | 2.07% | 1.55% | 2.45% | 3.52% | 2.87% | 2.14% | 2.46% | 3.25% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist). 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 | $0.00 | $1.10 | $0.00 | $0.00 | $1.01 | $0.00 | $2.11 | |||||
| 2025 | $0.00 | $0.00 | $1.22 | $0.00 | $0.00 | $1.21 | $0.00 | $0.00 | $1.22 | $0.00 | $0.00 | $1.21 | $4.86 |
| 2024 | $0.00 | $0.00 | $1.48 | $0.00 | $0.00 | $1.41 | $0.00 | $0.00 | $1.46 | $0.00 | $0.00 | $1.39 | $5.75 |
| 2023 | $0.00 | $0.00 | $1.08 | $0.00 | $0.00 | $1.11 | $0.00 | $0.00 | $1.35 | $0.00 | $0.00 | $1.38 | $4.92 |
| 2022 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.82 | $1.99 |
| 2021 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.37 | $1.52 |
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 USD (Dist). 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 USD (Dist) was 23.77%, occurring on Mar 20, 2020. Recovery took 177 trading sessions.
The current iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) drawdown is 0.51%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-23.77%Mar 2020 | 2mo | 8mo 16d | 10mo 16dJan 2020 - Dec 2020 | COVID crash2020 |
-8.61%Feb 2016 | 1y 7mo | 7mo 29d | 2y 3moJun 2014 - Oct 2016 | — |
-6.42%Mar 2022 | 5mo 14d | 10mo 4d | 1y 3moSep 2021 - Jan 2023 | Bear market2022 |
-4.28%Jan 2019 | 11mo 2d | 1mo 27d | 1y 24dFeb 2018 - Mar 2019 | — |
-3.28%Mar 2023 | 8d | 1mo 4d | 1mo 12dMar 2023 - Apr 2023 | — |
Drawdown Indicators
| LQDH.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -56.78% | +33.01% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -9.10% | +7.71% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -18.90% | +16.09% |
Max Drawdown (5Y)Largest decline over 5 years | -6.42% | -25.43% | +19.01% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | -33.92% | +10.15% |
Current DrawdownCurrent decline from peak | -0.51% | -0.49% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -10.70% | +9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 2.09% | -1.68% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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