HLQD.L vs. IUIT.L
HLQD.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF) and IUIT.L (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - HLQD.L is a Global Bonds fund tracking the iShares $ Corp Bond Interest Rate Hedged UCITS ETF, while IUIT.L is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 5 years, HLQD.L returned 5.42%/yr vs 21.03%/yr for IUIT.L. At a 0.48 correlation, their price movements are largely independent. HLQD.L charges 0.25%/yr vs 0.15%/yr for IUIT.L.
Performance
HLQD.L vs. IUIT.L - Performance Comparison
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Returns By Period
In the year-to-date period, HLQD.L achieves a 2.31% return, which is significantly lower than IUIT.L's 17.06% return.
HLQD.L
- 1D
- 0.21%
- 1M
- -0.07%
- 6M
- 2.17%
- YTD
- 2.31%
- 1Y
- 5.11%
- 3Y*
- 7.50%
- 5Y*
- 5.42%
- 10Y*
- —
IUIT.L
- 1D
- -0.78%
- 1M
- -2.95%
- 6M
- 19.62%
- YTD
- 17.06%
- 1Y
- 31.65%
- 3Y*
- 29.24%
- 5Y*
- 21.03%
- 10Y*
- 25.50%
HLQD.L vs. IUIT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HLQD.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF | 2.31% | 5.47% | 8.15% | 11.14% | 0.41% | 1.25% | 0.54% | 10.77% | -0.71% |
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF | 17.06% | 22.93% | 38.51% | 59.45% | -29.15% | 34.09% | 43.14% | 48.83% | -9.87% |
Correlation
The correlation between HLQD.L and IUIT.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | 0.48 |
The correlation between HLQD.L and IUIT.L shifts across timeframes, from 0.38 (3 years) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HLQD.L vs. IUIT.L — Risk / Return Rank
HLQD.L
IUIT.L
HLQD.L vs. IUIT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond Interest Rate Hedged UCITS ETF (HLQD.L) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.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.
| HLQD.L | IUIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 1.85 | +1.70 |
| Martin ratioReturn relative to average drawdown | 11.38 | 4.97 | +6.41 |
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Drawdowns
HLQD.L vs. IUIT.L - Drawdown Comparison
The maximum HLQD.L drawdown since its inception was -21.96%, smaller than the maximum IUIT.L drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for HLQD.L and IUIT.L.
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Drawdown Indicators
| HLQD.L | IUIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.96% | -33.46% | +11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -17.03% | +15.64% |
Max Drawdown (3Y)Largest decline over 3 years | -3.08% | -26.40% | +23.32% |
Max Drawdown (5Y)Largest decline over 5 years | -6.39% | -33.46% | +27.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | -0.34% | -7.85% | +7.51% |
Average DrawdownAverage peak-to-trough decline | -1.33% | -5.91% | +4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 6.35% | -5.92% |
Volatility
HLQD.L vs. IUIT.L - Volatility Comparison
The current volatility for iShares $ Corp Bond Interest Rate Hedged UCITS ETF (HLQD.L) is 0.83%, while iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) has a volatility of 7.15%. This indicates that HLQD.L experiences smaller price fluctuations and is considered to be less risky than IUIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLQD.L | IUIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 7.15% | -6.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 17.59% | -15.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 22.08% | -18.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.36% | 23.96% | -19.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.09% | 22.32% | -16.23% |
HLQD.L vs. IUIT.L - Expense Ratio Comparison
HLQD.L has a 0.25% expense ratio, which is higher than IUIT.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HLQD.L vs. IUIT.L - Dividend Comparison
Neither HLQD.L nor IUIT.L has paid dividends to shareholders.
Frequently Asked Questions
HLQD.L and IUIT.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUIT.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUIT.L is cheaper with a 0.15% expense ratio, compared with 0.25% for HLQD.L.
HLQD.L is categorized as Global Bonds, while IUIT.L is Technology Equities. HLQD.L tracks iShares $ Corp Bond Interest Rate Hedged UCITS ETF, while IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.25% for HLQD.L and 0.15% for IUIT.L.
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