CBU7.L vs. LQDA.L
CBU7.L (iShares $ Treasury Bond 3-7yr UCITS ETF USD Acc) and LQDA.L (iShares USD Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - CBU7.L is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index, while LQDA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, CBU7.L returned 0.54%/yr vs -0.12%/yr for LQDA.L. A 0.68 correlation means they provide meaningful diversification when combined. CBU7.L charges 0.07%/yr vs 0.20%/yr for LQDA.L.
Performance
CBU7.L vs. LQDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, CBU7.L achieves a -0.16% return, which is significantly lower than LQDA.L's 0.63% return.
CBU7.L
- 1D
- 0.17%
- 1M
- 0.60%
- YTD
- -0.16%
- 6M
- 0.17%
- 1Y
- 3.02%
- 3Y*
- 3.96%
- 5Y*
- 0.54%
- 10Y*
- 1.29%
LQDA.L
- 1D
- -0.16%
- 1M
- 1.11%
- YTD
- 0.63%
- 6M
- 1.11%
- 1Y
- 5.46%
- 3Y*
- 4.95%
- 5Y*
- -0.12%
- 10Y*
- —
CBU7.L vs. LQDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBU7.L iShares $ Treasury Bond 3-7yr UCITS ETF USD Acc | -0.16% | 7.34% | 2.18% | 4.24% | -9.35% | -2.35% | 6.98% | 6.06% | 1.21% | -0.05% |
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.63% | 8.02% | 1.21% | 9.01% | -17.75% | -1.66% | 10.56% | 18.32% | -4.38% | 4.60% |
Correlation
The correlation between CBU7.L and LQDA.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.68 |
The correlation between CBU7.L and LQDA.L shifts across timeframes, from 0.68 (all time) to 0.80 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CBU7.L vs. LQDA.L — Risk / Return Rank
CBU7.L
LQDA.L
CBU7.L vs. LQDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 3-7yr UCITS ETF USD Acc (CBU7.L) and iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L). 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.
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.
| CBU7.L | LQDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.66 | -0.46 |
| Martin ratioReturn relative to average drawdown | 3.44 | 4.48 | -1.04 |
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Drawdowns
CBU7.L vs. LQDA.L - Drawdown Comparison
The maximum CBU7.L drawdown since its inception was -14.18%, smaller than the maximum LQDA.L drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for CBU7.L and LQDA.L.
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Drawdown Indicators
| CBU7.L | LQDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.18% | -25.10% | +10.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -3.28% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | -7.94% | +4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -13.55% | -25.10% | +11.55% |
Max Drawdown (10Y)Largest decline over 10 years | -14.18% | — | — |
Current DrawdownCurrent decline from peak | -1.25% | -3.00% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -6.77% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.22% | -0.34% |
Volatility
CBU7.L vs. LQDA.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 3-7yr UCITS ETF USD Acc (CBU7.L) is 0.87%, while iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) has a volatility of 1.41%. This indicates that CBU7.L experiences smaller price fluctuations and is considered to be less risky than LQDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBU7.L | LQDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 1.41% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.19% | 4.23% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.88% | 5.59% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.72% | 8.52% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.11% | 9.13% | -5.02% |
CBU7.L vs. LQDA.L - Expense Ratio Comparison
CBU7.L has a 0.07% expense ratio, which is lower than LQDA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CBU7.L vs. LQDA.L - Dividend Comparison
Neither CBU7.L nor LQDA.L has paid dividends to shareholders.
Frequently Asked Questions
CBU7.L and LQDA.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBU7.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBU7.L is cheaper with a 0.07% expense ratio, compared with 0.20% for LQDA.L.
CBU7.L is categorized as Government Bonds, while LQDA.L is Corporate Bonds. CBU7.L tracks ICE U.S. Treasury 3-7 Year Bond Index, while LQDA.L tracks Bloomberg US Corp Bond TR USD. Their fees differ too: 0.07% for CBU7.L and 0.20% for LQDA.L.
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