IGBH vs. LQDH
Compare and contrast key facts about iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH).
IGBH and LQDH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGBH is a passively managed fund by iShares that tracks the performance of the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. It was launched on Jul 22, 2015. LQDH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGBH or LQDH.
Key characteristics
| IGBH | LQDH | |
|---|---|---|
| YTD Return | 7.09% | 6.76% |
| 1Y Return | 9.47% | 9.11% |
| 3Y Return (Ann) | 4.96% | 5.25% |
| 5Y Return (Ann) | 4.67% | 4.41% |
| Sharpe Ratio | 2.41 | 3.33 |
| Sortino Ratio | 3.36 | 5.01 |
| Omega Ratio | 1.49 | 1.70 |
| Calmar Ratio | 3.25 | 5.21 |
| Martin Ratio | 13.84 | 26.21 |
| Ulcer Index | 0.71% | 0.36% |
| Daily Std Dev | 4.10% | 2.84% |
| Max Drawdown | -33.67% | -24.63% |
| Current Drawdown | -0.75% | -0.48% |
Correlation
The correlation between IGBH and LQDH is 0.66, 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.
Performance
IGBH vs. LQDH - Performance Comparison
The year-to-date returns for both stocks are quite close, with IGBH having a 7.09% return and LQDH slightly lower at 6.76%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGBH vs. LQDH - Expense Ratio Comparison
IGBH has a 0.16% expense ratio, which is lower than LQDH's 0.25% 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%.
Risk-Adjusted Performance
IGBH vs. LQDH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH). 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.
Dividends
IGBH vs. LQDH - Dividend Comparison
IGBH's dividend yield for the trailing twelve months is around 7.27%, less than LQDH's 8.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 7.27% | 7.32% | 3.84% | 2.71% | 2.39% | 3.39% | 6.06% | 2.88% | 2.63% | 1.12% | 0.00% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 8.02% | 7.69% | 3.73% | 1.64% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% | 2.19% |
Drawdowns
IGBH vs. LQDH - Drawdown Comparison
The maximum IGBH drawdown since its inception was -33.67%, which is greater than LQDH's maximum drawdown of -24.63%. Use the drawdown chart below to compare losses from any high point for IGBH and LQDH. For additional features, visit the drawdowns tool.
Volatility
IGBH vs. LQDH - Volatility Comparison
iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) has a higher volatility of 1.19% compared to iShares Interest Rate Hedged Corporate Bond ETF (LQDH) at 0.92%. This indicates that IGBH's price experiences larger fluctuations and is considered to be riskier than LQDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.