AIA vs. LQDA

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Asia 50 ETF (AIA) and Liquidia Corporation (LQDA).

AIA is a passively managed fund by iShares that tracks the performance of the S&P Asia 50. It was launched on Nov 13, 2007.

Performance

AIA vs. LQDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Asia 50 ETF (AIA) and Liquidia Corporation (LQDA). The values are adjusted to include any dividend payments, if applicable.

AIA vs. LQDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AIA iShares Asia 50 ETF	8.86%	47.79%	20.26%	4.32%	-24.08%	-10.91%	33.73%	22.21%	-11.03%
LQDA Liquidia Corporation	9.42%	193.28%	-2.24%	88.85%	30.80%	65.08%	-30.99%	-80.26%	95.14%

Returns By Period

In the year-to-date period, AIA achieves a 8.86% return, which is significantly lower than LQDA's 9.42% return.

AIA

• 1D: 3.98%
• 1M: -10.06%
• YTD: 8.86%
• 6M: 14.17%
• 1Y: 50.84%
• 3Y*: 22.77%
• 5Y*: 4.92%
• 10Y*: 11.82%

LQDA

• 1D: 7.28%
• 1M: 21.66%
• YTD: 9.42%
• 6M: 65.96%
• 1Y: 155.86%
• 3Y*: 76.11%
• 5Y*: 68.72%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AIA vs. LQDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIA

AIA Risk / Return Rank: 90
AIA Sharpe Ratio Rank: 90
AIA Sortino Ratio Rank: 90
AIA Omega Ratio Rank: 89
AIA Calmar Ratio Rank: 91
AIA Martin Ratio Rank: 91

LQDA

LQDA Risk / Return Rank: 89
LQDA Sharpe Ratio Rank: 93
LQDA Sortino Ratio Rank: 89
LQDA Omega Ratio Rank: 86
LQDA Calmar Ratio Rank: 91
LQDA Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIA vs. LQDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia 50 ETF (AIA) and Liquidia Corporation (LQDA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AIA	LQDA	Difference
Sharpe ratio Return per unit of total volatility	1.94	2.28	-0.34
Sortino ratio Return per unit of downside risk	2.53	2.76	-0.23
Omega ratio Gain probability vs. loss probability	1.36	1.34	+0.03
Calmar ratio Return relative to maximum drawdown	3.03	3.97	-0.94
Martin ratio Return relative to average drawdown	11.92	9.04	+2.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIA vs. LQDA - Sharpe Ratio Comparison

The current AIA Sharpe Ratio is 1.94, which is comparable to the LQDA Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of AIA and LQDA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AIA	LQDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	2.28	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.95	-0.75
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.20	+0.05

Correlation

The correlation between AIA and LQDA is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AIA vs. LQDA - Dividend Comparison

AIA's dividend yield for the trailing twelve months is around 2.30%, while LQDA has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIA iShares Asia 50 ETF	2.30%	2.50%	2.78%	2.07%	2.59%	1.54%	1.11%	2.24%	2.49%	1.45%	2.29%	2.88%
LQDA Liquidia Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

AIA vs. LQDA - Drawdown Comparison

The maximum AIA drawdown since its inception was -60.89%, smaller than the maximum LQDA drawdown of -93.87%. Use the drawdown chart below to compare losses from any high point for AIA and LQDA.

Drawdown Indicators

	AIA	LQDA	Difference
Max Drawdown Largest peak-to-trough decline	-60.89%	-93.87%	+32.98%
Max Drawdown (1Y) Largest decline over 1 year	-16.68%	-37.82%	+21.14%
Max Drawdown (5Y) Largest decline over 5 years	-51.12%	-55.36%	+4.24%
Max Drawdown (10Y) Largest decline over 10 years	-54.64%	—	—
Current Drawdown Current decline from peak	-10.73%	-19.06%	+8.33%
Average Drawdown Average peak-to-trough decline	-16.82%	-71.10%	+54.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.24%	16.61%	-12.37%

Volatility

AIA vs. LQDA - Volatility Comparison

The current volatility for iShares Asia 50 ETF (AIA) is 12.54%, while Liquidia Corporation (LQDA) has a volatility of 16.81%. This indicates that AIA experiences smaller price fluctuations and is considered to be less risky than LQDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIA	LQDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.54%	16.81%	-4.27%
Volatility (6M) Calculated over the trailing 6-month period	19.46%	44.56%	-25.10%
Volatility (1Y) Calculated over the trailing 1-year period	26.39%	68.87%	-42.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.87%	72.66%	-47.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.19%	85.89%	-62.70%