QLTA vs. HBB
Compare and contrast key facts about iShares Aaa - A Rated Corporate Bond ETF (QLTA) and Hamilton Beach Brands Holding Company (HBB).
QLTA is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Corporate Aaa - A Capped Index. It was launched on Feb 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QLTA or HBB.
Correlation
The correlation between QLTA and HBB is 0.05, 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.
Performance
QLTA vs. HBB - Performance Comparison
Key characteristics
QLTA:
0.80
HBB:
-0.12
QLTA:
1.17
HBB:
0.28
QLTA:
1.14
HBB:
1.04
QLTA:
0.31
HBB:
-0.15
QLTA:
2.11
HBB:
-0.30
QLTA:
2.14%
HBB:
26.43%
QLTA:
5.65%
HBB:
64.65%
QLTA:
-22.27%
HBB:
-81.89%
QLTA:
-9.30%
HBB:
-47.28%
Returns By Period
In the year-to-date period, QLTA achieves a 1.12% return, which is significantly lower than HBB's 4.87% return.
QLTA
1.12%
0.74%
-0.84%
4.43%
-0.53%
1.88%
HBB
4.87%
-1.62%
-35.40%
-2.32%
6.57%
N/A
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Risk-Adjusted Performance
QLTA vs. HBB — Risk-Adjusted Performance Rank
QLTA
HBB
QLTA vs. HBB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Aaa - A Rated Corporate Bond ETF (QLTA) and Hamilton Beach Brands Holding Company (HBB). 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.
Dividends
QLTA vs. HBB - Dividend Comparison
QLTA's dividend yield for the trailing twelve months is around 4.10%, more than HBB's 2.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLTA iShares Aaa - A Rated Corporate Bond ETF | 4.10% | 4.11% | 3.39% | 2.79% | 1.96% | 2.31% | 2.99% | 3.09% | 2.67% | 2.59% | 2.99% | 2.32% |
HBB Hamilton Beach Brands Holding Company | 2.58% | 2.70% | 2.49% | 3.35% | 2.75% | 2.11% | 1.86% | 1.45% | 0.33% | 0.00% | 0.00% | 0.00% |
Drawdowns
QLTA vs. HBB - Drawdown Comparison
The maximum QLTA drawdown since its inception was -22.27%, smaller than the maximum HBB drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for QLTA and HBB. For additional features, visit the drawdowns tool.
Volatility
QLTA vs. HBB - Volatility Comparison
The current volatility for iShares Aaa - A Rated Corporate Bond ETF (QLTA) is 1.45%, while Hamilton Beach Brands Holding Company (HBB) has a volatility of 11.43%. This indicates that QLTA experiences smaller price fluctuations and is considered to be less risky than HBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.