IBCD.DE vs. LQD
Compare and contrast key facts about iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
IBCD.DE and LQD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBCD.DE is a passively managed fund by iShares that tracks the performance of the iBoxx® USD Liquid Investment Grade. It was launched on Mar 15, 2003. LQD is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid Investment Grade Index. It was launched on Jul 26, 2002. Both IBCD.DE and LQD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IBCD.DE vs. LQD - Performance Comparison
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IBCD.DE vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 1.13% | -4.58% | 6.33% | 4.97% | -12.66% | 6.14% | 0.35% | 20.25% | -0.24% | -6.49% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 1.96% | -4.91% | 7.52% | 6.12% | -12.84% | 5.50% | 1.82% | 20.02% | 0.73% | -6.10% |
Different Trading Currencies
IBCD.DE is traded in EUR, while LQD is traded in USD. To make them comparable, the LQD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBCD.DE achieves a 1.13% return, which is significantly lower than LQD's 1.96% return. Over the past 10 years, IBCD.DE has underperformed LQD with an annualized return of 2.03%, while LQD has yielded a comparatively higher 2.54% annualized return.
IBCD.DE
- 1D
- 0.25%
- 1M
- -1.13%
- YTD
- 1.13%
- 6M
- 0.63%
- 1Y
- -2.33%
- 3Y*
- 1.58%
- 5Y*
- 0.09%
- 10Y*
- 2.03%
LQD
- 1D
- 0.88%
- 1M
- -0.53%
- YTD
- 1.96%
- 6M
- 1.50%
- 1Y
- -1.62%
- 3Y*
- 2.28%
- 5Y*
- 0.61%
- 10Y*
- 2.54%
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IBCD.DE vs. LQD - Expense Ratio Comparison
IBCD.DE has a 0.20% expense ratio, which is higher than LQD'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%.
Return for Risk
IBCD.DE vs. LQD — Risk / Return Rank
IBCD.DE
LQD
IBCD.DE vs. LQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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.
| IBCD.DE | LQD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.25 | -0.17 | -0.08 |
Sortino ratioReturn per unit of downside risk | -0.26 | -0.16 | -0.10 |
Omega ratioGain probability vs. loss probability | 0.96 | 0.98 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.10 | -0.20 | +0.09 |
Martin ratioReturn relative to average drawdown | -0.22 | -0.40 | +0.18 |
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
| IBCD.DE | LQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | -0.17 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.06 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.26 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.44 | -0.28 |
Correlation
The correlation between IBCD.DE and LQD is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IBCD.DE vs. LQD - Dividend Comparison
IBCD.DE's dividend yield for the trailing twelve months is around 4.24%, less than LQD's 4.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 4.24% | 4.39% | 4.52% | 4.34% | 3.60% | 2.21% | 2.56% | 3.06% | 3.09% | 3.02% | 2.97% | 3.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.54% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
Drawdowns
IBCD.DE vs. LQD - Drawdown Comparison
The maximum IBCD.DE drawdown since its inception was -41.86%, which is greater than LQD's maximum drawdown of -22.15%. Use the drawdown chart below to compare losses from any high point for IBCD.DE and LQD.
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Drawdown Indicators
| IBCD.DE | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -24.95% | -16.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.01% | -3.37% | -4.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -24.95% | +7.83% |
Max Drawdown (10Y)Largest decline over 10 years | -17.51% | -24.95% | +7.44% |
Current DrawdownCurrent decline from peak | -7.65% | -4.02% | -3.63% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -3.99% | -5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 1.23% | +2.44% |
Volatility
IBCD.DE vs. LQD - Volatility Comparison
The current volatility for iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) is 2.06%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 2.44%. This indicates that IBCD.DE experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCD.DE | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 2.44% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.43% | 4.97% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.41% | 9.53% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.22% | 9.58% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.10% | 9.93% | -0.83% |