IBDV vs. LQDW
IBDV (iShares iBonds Dec 2030 Term Corporate ETF) and LQDW (iShares Investment Grade Corporate Bond Buywrite Strategy ETF) are both Corporate Bonds funds from iShares - IBDV tracks the Bloomberg December 2030 Maturity Corporate Index while LQDW tracks the CBOE LQD BuyWrite Index. Both are passively managed. Over the past 3 years, IBDV returned 5.56%/yr vs 3.79%/yr for LQDW. A 0.77 correlation means they provide meaningful diversification when combined. IBDV charges 0.10%/yr vs 0.34%/yr for LQDW.
Performance
IBDV vs. LQDW - Performance Comparison
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Returns By Period
In the year-to-date period, IBDV achieves a 0.30% return, which is significantly lower than LQDW's 1.25% return.
IBDV
- 1D
- -0.11%
- 1M
- 0.12%
- YTD
- 0.30%
- 6M
- 0.51%
- 1Y
- 4.91%
- 3Y*
- 5.56%
- 5Y*
- 0.95%
- 10Y*
- —
LQDW
- 1D
- -0.20%
- 1M
- 0.83%
- YTD
- 1.25%
- 6M
- 1.65%
- 1Y
- 6.49%
- 3Y*
- 3.79%
- 5Y*
- —
- 10Y*
- —
IBDV vs. LQDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBDV iShares iBonds Dec 2030 Term Corporate ETF | 0.30% | 8.19% | 3.42% | 8.51% | -2.43% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 1.25% | 9.05% | 2.60% | 3.99% | -6.78% |
Correlation
The correlation between IBDV and LQDW is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.77 |
The correlation between IBDV and LQDW has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
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Return for Risk
IBDV vs. LQDW — Risk / Return Rank
IBDV
LQDW
IBDV vs. LQDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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.
| IBDV | LQDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.38 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.51 | -0.13 |
| Martin ratioReturn relative to average drawdown | 8.25 | 9.39 | -1.14 |
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
| IBDV | LQDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 1.85 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.46 | -0.29 |
Drawdowns
IBDV vs. LQDW - Drawdown Comparison
The maximum IBDV drawdown since its inception was -21.85%, which is greater than LQDW's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for IBDV and LQDW.
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Drawdown Indicators
| IBDV | LQDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -9.20% | -12.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -2.59% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -5.64% | -6.74% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.54% | — | — |
Current DrawdownCurrent decline from peak | -0.93% | -0.35% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -2.35% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.69% | -0.09% |
Volatility
IBDV vs. LQDW - Volatility Comparison
The current volatility for iShares iBonds Dec 2030 Term Corporate ETF (IBDV) is 0.83%, while iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) has a volatility of 1.46%. This indicates that IBDV experiences smaller price fluctuations and is considered to be less risky than LQDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBDV | LQDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 1.46% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 3.02% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 3.53% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.44% | 5.49% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.27% | 5.49% | +0.78% |
IBDV vs. LQDW - Expense Ratio Comparison
IBDV has a 0.10% expense ratio, which is lower than LQDW's 0.34% expense ratio.
Dividends
IBDV vs. LQDW - Dividend Comparison
IBDV's dividend yield for the trailing twelve months is around 4.60%, less than LQDW's 12.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBDV iShares iBonds Dec 2030 Term Corporate ETF | 4.60% | 4.57% | 4.69% | 4.09% | 3.02% | 1.99% | 0.90% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 12.57% | 16.02% | 15.74% | 19.28% | 8.85% | 0.00% | 0.00% |
Frequently Asked Questions
IBDV and LQDW have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LQDW has higher volatility (1.46%) compared to IBDV (0.83%). In terms of maximum drawdown, IBDV dropped -21.85% vs LQDW's -9.20%.
On 3-year performance, IBDV leads with 5.56% vs 3.79% for LQDW. On fees, IBDV is cheaper at 0.10% per year. On volatility, IBDV has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBDV has performed better with a 5.56% return vs 3.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDV is cheaper with a 0.10% expense ratio, compared with 0.34% for LQDW.
LQDW has the higher dividend yield at 12.57%, compared with 4.60% for IBDV.
IBDV tracks Bloomberg December 2030 Maturity Corporate Index, while LQDW tracks CBOE LQD BuyWrite Index. Their fees differ too: 0.10% for IBDV and 0.34% for LQDW.
LQDW currently has the higher Sharpe Ratio (1.85 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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