IBID vs. LQDI

Last updated Jun 23, 2026

IBID (iShares iBonds Oct 2027 Term TIPS ETF) and LQDI (iShares Inflation Hedged Corporate Bond ETF) are both Inflation-Protected Bonds funds from iShares. IBID is passively managed, while LQDI is actively managed. Over the past year, IBID returned 4.04% vs 5.80% for LQDI. At a 0.47 correlation, their price movements are largely independent. IBID charges 0.10%/yr vs 0.18%/yr for LQDI.

Performance

IBID vs. LQDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2027 Term TIPS ETF (IBID) and iShares Inflation Hedged Corporate Bond ETF (LQDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBID achieves a 1.99% return, which is significantly higher than LQDI's 1.31% return.

IBID

• 1D: 0.00%
• 1M: -0.19%
• YTD: 1.99%
• 6M: 2.08%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LQDI

• 1D: -0.08%
• 1M: 0.35%
• YTD: 1.31%
• 6M: 1.60%
• 1Y: 5.80%
• 3Y*: 5.40%
• 5Y*: 1.83%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBID vs. LQDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.99%	5.66%	4.71%	2.61%
LQDI iShares Inflation Hedged Corporate Bond ETF	1.31%	8.84%	1.48%	5.50%

Correlation

The correlation between IBID and LQDI is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.47

Over the past year, the correlation between IBID and LQDI has dropped to 0.11 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

IBID vs. LQDI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 93
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 96
IBID Calmar Ratio Rank: 96
IBID Martin Ratio Rank: 95

LQDI

LQDI Risk / Return Rank: 36
LQDI Sharpe Ratio Rank: 34
LQDI Sortino Ratio Rank: 33
LQDI Omega Ratio Rank: 31
LQDI Calmar Ratio Rank: 42
LQDI Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBID vs. LQDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2027 Term TIPS ETF (IBID) and iShares Inflation Hedged Corporate Bond ETF (LQDI). 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.

	IBID	LQDI	Difference
Sharpe ratio: Return per unit of total volatility	3.29	1.17	+2.12
Sortino ratio: Return per unit of downside risk	5.55	1.72	+3.84
Omega ratio: Gain probability vs. loss probability	1.75	1.21	+0.54
Calmar ratio: Return relative to maximum drawdown	8.22	2.02	+6.20
Martin ratio: Return relative to average drawdown	30.99	6.05	+24.94

IBID vs. LQDI - Sharpe Ratio Comparison

The current IBID Sharpe Ratio is 3.29, which is higher than the LQDI Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of IBID and LQDI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBID vs. LQDI - Drawdown Comparison

The maximum IBID drawdown since its inception was -1.28%, smaller than the maximum LQDI drawdown of -28.99%. Use the drawdown chart below to compare losses from any high point for IBID and LQDI.

Drawdown Indicators

	IBID	LQDI	Difference
Max Drawdown Largest peak-to-trough decline	-1.28%	-28.99%	+27.71%
Max Drawdown (1Y) Largest decline over 1 year	-0.49%	-2.88%	+2.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-6.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.67%	—
Current Drawdown Current decline from peak	-0.49%	-0.80%	+0.31%
Average Drawdown Average peak-to-trough decline	-0.22%	-5.22%	+5.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.13%	0.96%	-0.83%

Volatility

IBID vs. LQDI - Volatility Comparison

The current volatility for iShares iBonds Oct 2027 Term TIPS ETF (IBID) is 0.35%, while iShares Inflation Hedged Corporate Bond ETF (LQDI) has a volatility of 1.20%. This indicates that IBID experiences smaller price fluctuations and is considered to be less risky than LQDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBID	LQDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	1.20%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	0.86%	3.49%	-2.63%
Volatility (1Y) Calculated over the trailing 1-year period	1.23%	4.97%	-3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.24%	8.15%	-5.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.24%	10.81%	-8.57%

IBID vs. LQDI - Expense Ratio Comparison

IBID has a 0.10% expense ratio, which is lower than LQDI's 0.18% 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

IBID vs. LQDI - Dividend Comparison

IBID's dividend yield for the trailing twelve months is around 3.68%, less than LQDI's 4.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%
LQDI iShares Inflation Hedged Corporate Bond ETF	4.60%	4.46%	4.65%	3.98%	3.27%	2.42%	2.34%	3.26%	2.53%

Frequently Asked Questions

Can I hold both IBID and LQDI in my portfolio?

IBID and LQDI have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBID or LQDI?

LQDI has higher volatility (1.20%) compared to IBID (0.35%). In terms of maximum drawdown, IBID dropped -1.28% vs LQDI's -28.99%.

Which ETF is better, IBID or LQDI?

On 1-year performance, LQDI leads with 5.80% vs 4.04% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBID or LQDI?

Over the 1-year period, LQDI has performed better with a 5.80% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBID or LQDI?

IBID is cheaper with a 0.10% expense ratio, compared with 0.18% for LQDI.

Which ETF pays a higher dividend yield, IBID or LQDI?

LQDI has the higher dividend yield at 4.60%, compared with 3.68% for IBID.

What is the main difference between IBID and LQDI?

Their fees differ too: 0.10% for IBID and 0.18% for LQDI.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.29 vs 1.17), 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.