IGCB vs. LQDH

Last updated Jun 4, 2026

IGCB (TCW Corporate Bond ETF) and LQDH (iShares Interest Rate Hedged Corporate Bond ETF) are both Corporate Bonds funds. IGCB is passively managed, while LQDH is actively managed. Over the past year, IGCB returned 5.37% vs 7.62% for LQDH. At a 0.25 correlation, their price movements are largely independent. IGCB charges 0.35%/yr vs 0.25%/yr for LQDH.

Performance

IGCB vs. LQDH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Corporate Bond ETF (IGCB) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGCB achieves a 0.08% return, which is significantly lower than LQDH's 2.31% return.

IGCB

• 1D: -0.30%
• 1M: 0.37%
• YTD: 0.08%
• 6M: -0.02%
• 1Y: 5.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LQDH

• 1D: -0.09%
• 1M: 1.29%
• YTD: 2.31%
• 6M: 3.11%
• 1Y: 7.62%
• 3Y*: 8.08%
• 5Y*: 5.28%
• 10Y*: 4.64%

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

IGCB vs. LQDH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IGCB TCW Corporate Bond ETF	0.08%	8.42%	-0.39%
LQDH iShares Interest Rate Hedged Corporate Bond ETF	2.31%	7.00%	0.72%

Correlation

The correlation between IGCB and LQDH is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Nov 19, 2024	0.25

Return for Risk

IGCB vs. LQDH — Risk / Return Rank

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

IGCB

IGCB Risk / Return Rank: 38
IGCB Sharpe Ratio Rank: 39
IGCB Sortino Ratio Rank: 38
IGCB Omega Ratio Rank: 38
IGCB Calmar Ratio Rank: 38
IGCB Martin Ratio Rank: 37

LQDH

LQDH Risk / Return Rank: 80
LQDH Sharpe Ratio Rank: 85
LQDH Sortino Ratio Rank: 90
LQDH Omega Ratio Rank: 88
LQDH Calmar Ratio Rank: 65
LQDH Martin Ratio Rank: 73

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.

IGCB vs. LQDH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Corporate Bond ETF (IGCB) 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.

	IGCB	LQDH	Difference
Sharpe ratio: Return per unit of total volatility	1.38	2.83	-1.45
Sortino ratio: Return per unit of downside risk	1.96	4.30	-2.34
Omega ratio: Gain probability vs. loss probability	1.25	1.57	-0.32
Calmar ratio: Return relative to maximum drawdown	1.85	3.26	-1.41
Martin ratio: Return relative to average drawdown	5.69	13.85	-8.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGCB vs. LQDH - Sharpe Ratio Comparison

The current IGCB Sharpe Ratio is 1.38, which is lower than the LQDH Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of IGCB and LQDH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGCB	LQDH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	2.83	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.20	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.58	+0.50

Drawdowns

IGCB vs. LQDH - Drawdown Comparison

The maximum IGCB drawdown since its inception was -4.20%, smaller than the maximum LQDH drawdown of -24.63%. Use the drawdown chart below to compare losses from any high point for IGCB and LQDH.

Drawdown Indicators

	IGCB	LQDH	Difference
Max Drawdown Largest peak-to-trough decline	-4.20%	-24.63%	+20.43%
Max Drawdown (1Y) Largest decline over 1 year	-2.91%	-2.34%	-0.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-7.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.63%	—
Current Drawdown Current decline from peak	-1.31%	-0.09%	-1.22%
Average Drawdown Average peak-to-trough decline	-0.93%	-1.68%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	0.55%	+0.40%

Volatility

IGCB vs. LQDH - Volatility Comparison

TCW Corporate Bond ETF (IGCB) has a higher volatility of 1.35% compared to iShares Interest Rate Hedged Corporate Bond ETF (LQDH) at 0.50%. This indicates that IGCB'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.

Volatility by Period

	IGCB	LQDH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	0.50%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	2.03%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	3.92%	2.70%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.82%	4.41%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.82%	6.44%	-1.62%

IGCB vs. LQDH - Expense Ratio Comparison

IGCB has a 0.35% expense ratio, which is higher than LQDH's 0.25% expense ratio.

Dividends

IGCB vs. LQDH - Dividend Comparison

IGCB's dividend yield for the trailing twelve months is around 4.75%, less than LQDH's 5.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGCB TCW Corporate Bond ETF	4.75%	4.52%	0.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LQDH iShares Interest Rate Hedged Corporate Bond ETF	5.95%	6.06%	7.57%	7.69%	3.73%	1.65%	2.22%	3.09%	5.08%	2.37%	2.33%	2.98%

Frequently Asked Questions

Can I hold both IGCB and LQDH in my portfolio?

IGCB and LQDH have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGCB or LQDH?

IGCB has higher volatility (1.35%) compared to LQDH (0.50%). In terms of maximum drawdown, IGCB dropped -4.20% vs LQDH's -24.63%.

Which ETF is better, IGCB or LQDH?

On 1-year performance, LQDH leads with 7.62% vs 5.37% for IGCB. On fees, LQDH is cheaper at 0.25% per year. On volatility, LQDH has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGCB or LQDH?

Over the 1-year period, LQDH has performed better with a 7.62% return vs 5.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGCB or LQDH?

LQDH is cheaper with a 0.25% expense ratio, compared with 0.35% for IGCB.

Which ETF pays a higher dividend yield, IGCB or LQDH?

LQDH has the higher dividend yield at 5.95%, compared with 4.75% for IGCB.

What is the main difference between IGCB and LQDH?

They also come from different issuers: TCW and iShares. Their fees differ too: 0.35% for IGCB and 0.25% for LQDH.

Which has better risk-adjusted returns?

LQDH currently has the higher Sharpe Ratio (2.83 vs 1.38), 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.