ICPI vs. LQDI
ICPI (iShares 0-1 Year TIPS Bond ETF) and LQDI (iShares Inflation Hedged Corporate Bond ETF) are both Inflation-Protected Bonds funds from iShares. ICPI is passively managed, while LQDI is actively managed. At a correlation of -0.21, they often move in opposite directions. ICPI charges 0.09%/yr vs 0.18%/yr for LQDI.
Performance
ICPI vs. LQDI - Performance Comparison
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Returns By Period
In the year-to-date period, ICPI achieves a 2.70% return, which is significantly higher than LQDI's 1.72% return.
ICPI
- 1D
- 0.05%
- 1M
- 0.44%
- YTD
- 2.70%
- 6M
- 2.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQDI
- 1D
- -0.39%
- 1M
- 0.66%
- YTD
- 1.72%
- 6M
- 1.56%
- 1Y
- 7.30%
- 3Y*
- 5.84%
- 5Y*
- 1.93%
- 10Y*
- —
ICPI vs. LQDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 2.70% | 0.32% |
LQDI iShares Inflation Hedged Corporate Bond ETF | 1.72% | 0.72% |
Correlation
The correlation between ICPI and LQDI is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025 | -0.21 |
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Return for Risk
ICPI vs. LQDI — Risk / Return Rank
ICPI
LQDI
ICPI vs. LQDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-1 Year TIPS Bond ETF (ICPI) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ICPI | LQDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.47 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.20 | 0.40 | +5.80 |
Drawdowns
ICPI vs. LQDI - Drawdown Comparison
The maximum ICPI drawdown since its inception was -0.22%, smaller than the maximum LQDI drawdown of -28.99%. Use the drawdown chart below to compare losses from any high point for ICPI and LQDI.
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Drawdown Indicators
| ICPI | LQDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.22% | -28.99% | +28.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.88% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.67% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.39% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -5.25% | +5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.95% | — |
Volatility
ICPI vs. LQDI - Volatility Comparison
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Volatility by Period
| ICPI | LQDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.20% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.95% | 4.97% | -4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.95% | 8.18% | -7.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 10.84% | -9.89% |
ICPI vs. LQDI - Expense Ratio Comparison
ICPI has a 0.09% 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
ICPI vs. LQDI - Dividend Comparison
ICPI's dividend yield for the trailing twelve months is around 1.80%, less than LQDI's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 1.80% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.58% | 4.46% | 4.65% | 3.98% | 3.27% | 2.42% | 2.34% | 3.26% | 2.53% |
Frequently Asked Questions
ICPI and LQDI have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.18% for LQDI.
LQDI has the higher dividend yield at 4.58%, compared with 1.80% for ICPI.
Their fees differ too: 0.09% for ICPI and 0.18% for LQDI.
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