IB01.L vs. LQDA.L
IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) and LQDA.L (iShares USD Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - IB01.L is a Government Bonds fund tracking the ICE U.S. Treasury Short 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, IB01.L returned 3.39%/yr vs -0.01%/yr for LQDA.L. At a 0.14 correlation, their price movements are largely independent. IB01.L charges 0.07%/yr vs 0.20%/yr for LQDA.L.
Performance
IB01.L vs. LQDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IB01.L achieves a 1.45% return, which is significantly higher than LQDA.L's 0.02% return.
IB01.L
- 1D
- 0.03%
- 1M
- 0.28%
- YTD
- 1.45%
- 6M
- 1.75%
- 1Y
- 3.98%
- 3Y*
- 4.73%
- 5Y*
- 3.39%
- 10Y*
- —
LQDA.L
- 1D
- 0.38%
- 1M
- 0.35%
- YTD
- 0.02%
- 6M
- 0.29%
- 1Y
- 5.53%
- 3Y*
- 5.02%
- 5Y*
- -0.01%
- 10Y*
- —
IB01.L vs. LQDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 1.45% | 4.34% | 5.25% | 4.92% | 1.08% | 0.00% | 0.88% | 2.01% |
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.02% | 8.01% | 1.25% | 8.99% | -17.75% | -1.66% | 10.56% | 13.76% |
Correlation
The correlation between IB01.L and LQDA.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2019 | 0.14 |
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Return for Risk
IB01.L vs. LQDA.L — Risk / Return Rank
IB01.L
LQDA.L
IB01.L vs. LQDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.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.
| IB01.L | LQDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.96 | ||
| Sortino ratioReturn per unit of downside risk | +35.52 | ||
| Omega ratioGain probability vs. loss probability | 8.02 | 1.18 | +6.84 |
| Calmar ratioReturn relative to maximum drawdown | 115.45 | 1.66 | +113.79 |
| Martin ratioReturn relative to average drawdown | 569.86 | 4.58 | +565.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IB01.L | LQDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 11.94 | 0.98 | +10.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 9.24 | -0.00 | +9.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.79 | 0.28 | +3.51 |
Drawdowns
IB01.L vs. LQDA.L - Drawdown Comparison
The maximum IB01.L drawdown since its inception was -0.91%, smaller than the maximum LQDA.L drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for IB01.L and LQDA.L.
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Drawdown Indicators
| IB01.L | LQDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.91% | -25.10% | +24.19% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -3.32% | +3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -0.09% | -7.86% | +7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -0.29% | -25.10% | +24.81% |
Current DrawdownCurrent decline from peak | 0.00% | -3.58% | +3.58% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -6.81% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.20% | -1.19% |
Volatility
IB01.L vs. LQDA.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) is 0.10%, while iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) has a volatility of 2.23%. This indicates that IB01.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
| IB01.L | LQDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 2.23% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 0.24% | 4.27% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.33% | 5.67% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.37% | 8.47% | -8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.72% | 9.11% | -8.39% |
IB01.L vs. LQDA.L - Expense Ratio Comparison
IB01.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
IB01.L vs. LQDA.L - Dividend Comparison
Neither IB01.L nor LQDA.L has paid dividends to shareholders.
Frequently Asked Questions
IB01.L and LQDA.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB01.L is cheaper with a 0.07% expense ratio, compared with 0.20% for LQDA.L.
IB01.L is categorized as Government Bonds, while LQDA.L is Corporate Bonds. IB01.L tracks ICE U.S. Treasury Short Bond Index, while LQDA.L tracks Bloomberg US Corp Bond TR USD. Their fees differ too: 0.07% for IB01.L and 0.20% for LQDA.L.
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