CORP.L vs. LQDH.L
CORP.L (iShares Global Corp Bond UCITS ETF USD (Dist)) and LQDH.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) are both Global Corporate Bonds funds from iShares - CORP.L tracks the Bloomberg Global Aggregate Corporate Index (USD) while LQDH.L tracks the IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD). Both are passively managed. Over the past 10 years, CORP.L returned 1.92%/yr vs 4.41%/yr for LQDH.L. At a 0.15 correlation, their price movements are largely independent. CORP.L charges 0.20%/yr vs 0.25%/yr for LQDH.L.
Performance
CORP.L vs. LQDH.L - Performance Comparison
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Returns By Period
In the year-to-date period, CORP.L achieves a -0.60% return, which is significantly lower than LQDH.L's 2.46% return. Over the past 10 years, CORP.L has underperformed LQDH.L with an annualized return of 1.92%, while LQDH.L has yielded a comparatively higher 4.41% annualized return.
CORP.L
- 1D
- 0.08%
- 1M
- -0.98%
- 6M
- -0.32%
- YTD
- -0.60%
- 1Y
- 2.96%
- 3Y*
- 4.83%
- 5Y*
- -0.18%
- 10Y*
- 1.92%
LQDH.L
- 1D
- 0.07%
- 1M
- -0.21%
- 6M
- 2.01%
- YTD
- 2.46%
- 1Y
- 4.61%
- 3Y*
- 7.42%
- 5Y*
- 5.37%
- 10Y*
- 4.41%
CORP.L vs. LQDH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CORP.L iShares Global Corp Bond UCITS ETF USD (Dist) | -0.60% | 9.82% | 1.37% | 8.71% | -16.01% | -3.28% | 9.89% | 11.61% | -3.91% | 8.76% |
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 2.46% | 4.93% | 8.27% | 11.54% | 0.28% | 0.92% | 0.77% | 10.76% | -2.64% | 4.56% |
Correlation
The correlation between CORP.L and LQDH.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2013 | 0.15 |
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Return for Risk
CORP.L vs. LQDH.L — Risk / Return Rank
CORP.L
LQDH.L
CORP.L vs. LQDH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.L) and iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.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.
| CORP.L | LQDH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 3.30 | -2.47 |
| Martin ratioReturn relative to average drawdown | 2.27 | 11.26 | -8.99 |
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Drawdowns
CORP.L vs. LQDH.L - Drawdown Comparison
The maximum CORP.L drawdown since its inception was -25.09%, which is greater than LQDH.L's maximum drawdown of -23.77%. Use the drawdown chart below to compare losses from any high point for CORP.L and LQDH.L.
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Drawdown Indicators
| CORP.L | LQDH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.09% | -23.77% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -1.39% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -6.01% | -2.81% | -3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -6.42% | -18.38% |
Max Drawdown (10Y)Largest decline over 10 years | -25.09% | -23.77% | -1.32% |
Current DrawdownCurrent decline from peak | -2.34% | -0.34% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -1.46% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 0.41% | +0.89% |
Volatility
CORP.L vs. LQDH.L - Volatility Comparison
iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.L) has a higher volatility of 0.96% compared to iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) at 0.84%. This indicates that CORP.L's price experiences larger fluctuations and is considered to be riskier than LQDH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORP.L | LQDH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.84% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 2.19% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 3.18% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.98% | 4.87% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.72% | 6.41% | +0.31% |
CORP.L vs. LQDH.L - Expense Ratio Comparison
CORP.L has a 0.20% expense ratio, which is lower than LQDH.L's 0.25% 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
CORP.L vs. LQDH.L - Dividend Comparison
CORP.L's dividend yield for the trailing twelve months is around 4.28%, less than LQDH.L's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP.L iShares Global Corp Bond UCITS ETF USD (Dist) | 4.28% | 4.05% | 3.98% | 3.22% | 2.60% | 2.13% | 2.28% | 2.67% | 2.71% | 2.48% | 2.73% | 2.68% |
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.33% | 4.66% | 5.52% | 4.83% | 2.07% | 1.55% | 2.45% | 3.52% | 2.87% | 2.14% | 2.46% | 3.25% |
Frequently Asked Questions
CORP.L and LQDH.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CORP.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CORP.L is cheaper with a 0.20% expense ratio, compared with 0.25% for LQDH.L.
CORP.L tracks Bloomberg Global Aggregate Corporate Index (USD), while LQDH.L tracks IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD). Their fees differ too: 0.20% for CORP.L and 0.25% for LQDH.L.
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