BLW vs. LQDW
BLW (BlackRock Limited Duration Income Trust) is a stock, while LQDW (iShares Investment Grade Corporate Bond Buywrite Strategy ETF) is Corporate Bonds fund tracking the CBOE LQD BuyWrite Index. Over the past 3 years, BLW returned 8.97%/yr vs 3.87%/yr for LQDW. At a 0.33 correlation, their price movements are largely independent.
Performance
BLW vs. LQDW - Performance Comparison
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Returns By Period
In the year-to-date period, BLW achieves a -5.79% return, which is significantly lower than LQDW's 1.45% return.
BLW
- 1D
- 0.00%
- 1M
- -2.10%
- YTD
- -5.79%
- 6M
- -5.84%
- 1Y
- -2.16%
- 3Y*
- 8.97%
- 5Y*
- 2.77%
- 10Y*
- 6.37%
LQDW
- 1D
- 0.20%
- 1M
- 0.54%
- YTD
- 1.45%
- 6M
- 1.83%
- 1Y
- 6.76%
- 3Y*
- 3.87%
- 5Y*
- —
- 10Y*
- —
BLW vs. LQDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BLW BlackRock Limited Duration Income Trust | -5.79% | 7.17% | 11.06% | 17.29% | 0.31% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 1.45% | 9.05% | 2.60% | 3.99% | -6.78% |
Correlation
The correlation between BLW and LQDW is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.33 |
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Return for Risk
BLW vs. LQDW — Risk / Return Rank
BLW
LQDW
BLW vs. LQDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Limited Duration Income Trust (BLW) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW). 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.
| BLW | LQDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.39 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 2.62 | -2.81 |
| Martin ratioReturn relative to average drawdown | -0.62 | 9.79 | -10.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BLW | LQDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | 1.92 | -2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.47 | -0.07 |
Drawdowns
BLW vs. LQDW - Drawdown Comparison
The maximum BLW drawdown since its inception was -44.13%, which is greater than LQDW's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for BLW and LQDW.
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Drawdown Indicators
| BLW | LQDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.13% | -9.20% | -34.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -2.59% | -8.60% |
Max Drawdown (3Y)Largest decline over 3 years | -11.19% | -6.74% | -4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.85% | — | — |
Current DrawdownCurrent decline from peak | -7.80% | -0.15% | -7.65% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -2.35% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 0.69% | +2.78% |
Volatility
BLW vs. LQDW - Volatility Comparison
BlackRock Limited Duration Income Trust (BLW) has a higher volatility of 2.33% compared to iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) at 1.39%. This indicates that BLW's price experiences larger fluctuations and is considered to be riskier than LQDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLW | LQDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 1.39% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 3.02% | +3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 3.54% | +4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.32% | 5.49% | +6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 5.49% | +9.10% |
Dividends
BLW vs. LQDW - Dividend Comparison
BLW's dividend yield for the trailing twelve months is around 10.95%, less than LQDW's 12.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLW BlackRock Limited Duration Income Trust | 10.95% | 9.89% | 9.39% | 8.63% | 8.26% | 6.99% | 7.39% | 6.27% | 7.14% | 6.24% | 9.68% | 8.26% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 12.55% | 16.02% | 15.74% | 19.28% | 8.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BLW and LQDW have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLW has higher volatility (2.33%) compared to LQDW (1.39%). In terms of maximum drawdown, BLW dropped -44.13% vs LQDW's -9.20%.
LQDW currently has the higher Sharpe Ratio (1.92 vs -0.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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