EUIG vs. LQDW
EUIG (iShares Euro Investment Grade Corporate Bond USD Hedged ETF) and LQDW (iShares Investment Grade Corporate Bond Buywrite Strategy ETF) are both exchange-traded funds - EUIG is a European Corporate Bonds fund tracking the BBG Euro Corporate Index, 100% USD Hedged, while LQDW is a Corporate Bonds fund tracking the CBOE LQD BuyWrite Index. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. EUIG charges 0.18%/yr vs 0.34%/yr for LQDW.
Performance
EUIG vs. LQDW - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EUIG having a 1.33% return and LQDW slightly lower at 1.30%.
EUIG
- 1D
- -0.08%
- 1M
- -0.37%
- 6M
- 0.82%
- YTD
- 1.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQDW
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- 0.95%
- YTD
- 1.30%
- 1Y
- 5.09%
- 3Y*
- 3.21%
- 5Y*
- —
- 10Y*
- —
EUIG vs. LQDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 1.33% | -0.14% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 1.30% | 1.08% |
Correlation
The correlation between EUIG and LQDW is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025 | 0.62 |
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Return for Risk
EUIG vs. LQDW — Risk / Return Rank
EUIG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LQDW
EUIG vs. LQDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Investment Grade Corporate Bond USD Hedged ETF (EUIG) 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.
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.
| EUIG | LQDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.97 | — |
| Martin ratioReturn relative to average drawdown | — | 7.04 | — |
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Drawdowns
EUIG vs. LQDW - Drawdown Comparison
The maximum EUIG drawdown since its inception was -2.32%, smaller than the maximum LQDW drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for EUIG and LQDW.
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Drawdown Indicators
| EUIG | LQDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.32% | -9.20% | +6.88% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.59% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.74% | — |
Current DrawdownCurrent decline from peak | -0.92% | -1.02% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -2.29% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.72% | — |
Volatility
EUIG vs. LQDW - Volatility Comparison
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Volatility by Period
| EUIG | LQDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.99% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 3.70% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.10% | 5.44% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.10% | 5.44% | -2.34% |
EUIG vs. LQDW - Expense Ratio Comparison
EUIG has a 0.18% expense ratio, which is lower than LQDW's 0.34% expense ratio.
Dividends
EUIG vs. LQDW - Dividend Comparison
EUIG's dividend yield for the trailing twelve months is around 1.86%, less than LQDW's 12.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 1.86% | 0.43% | 0.00% | 0.00% | 0.00% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 12.23% | 16.02% | 15.74% | 19.28% | 8.85% |
Frequently Asked Questions
EUIG and LQDW have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUIG is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUIG is cheaper with a 0.18% expense ratio, compared with 0.34% for LQDW.
LQDW has the higher dividend yield at 12.23%, compared with 1.86% for EUIG.
EUIG is categorized as European Corporate Bonds, while LQDW is Corporate Bonds. EUIG tracks BBG Euro Corporate Index, 100% USD Hedged, while LQDW tracks CBOE LQD BuyWrite Index. Their fees differ too: 0.18% for EUIG and 0.34% for LQDW.
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