IGLH.L vs. LQDH.L
IGLH.L (iShares Global Government Bond UCITS ETF GBP Hedged (Dist)) and LQDH.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) are both exchange-traded funds - IGLH.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP, while LQDH.L is a Global Corporate Bonds fund tracking the IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD). Both are passively managed. Over the past 5 years, IGLH.L returned -1.71%/yr vs 5.85%/yr for LQDH.L. At a correlation of -0.16, they often move in opposite directions. Both charge a 0.25% expense ratio.
Performance
IGLH.L vs. LQDH.L - Performance Comparison
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Different Trading Currencies
IGLH.L is traded in GBP, while LQDH.L is traded in USD. To make them comparable, the LQDH.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGLH.L achieves a 0.91% return, which is significantly lower than LQDH.L's 2.61% return.
IGLH.L
- 1D
- 0.22%
- 1M
- -0.62%
- 6M
- -0.41%
- YTD
- 0.91%
- 1Y
- 0.25%
- 3Y*
- 1.62%
- 5Y*
- -1.71%
- 10Y*
- —
LQDH.L
- 1D
- 0.23%
- 1M
- -1.43%
- 6M
- 1.43%
- YTD
- 2.61%
- 1Y
- 4.32%
- 3Y*
- 6.30%
- 5Y*
- 5.85%
- 10Y*
- 4.13%
IGLH.L vs. LQDH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist) | 0.91% | 0.70% | 0.62% | 4.79% | -13.58% | -2.41% | 5.04% | 5.45% | 1.12% |
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 2.61% | -2.55% | 10.16% | 5.96% | 12.21% | 1.87% | -2.19% | 6.54% | 7.67% |
Correlation
The correlation between IGLH.L and LQDH.L is -0.17, 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 (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | -0.16 |
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Return for Risk
IGLH.L vs. LQDH.L — Risk / Return Rank
IGLH.L
LQDH.L
IGLH.L vs. LQDH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.L) and iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L). 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.
| IGLH.L | LQDH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.11 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 1.06 | -0.99 |
| Martin ratioReturn relative to average drawdown | 0.14 | 2.84 | -2.69 |
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Drawdowns
IGLH.L vs. LQDH.L - Drawdown Comparison
The maximum IGLH.L drawdown since its inception was -18.42%, roughly equal to the maximum LQDH.L drawdown of -17.83%. Use the drawdown chart below to compare losses from any high point for IGLH.L and LQDH.L.
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Drawdown Indicators
| IGLH.L | LQDH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.42% | -17.83% | -0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -4.07% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -4.15% | -9.62% | +5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.83% | -10.90% | -5.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.83% | — |
Current DrawdownCurrent decline from peak | -10.70% | -2.51% | -8.19% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -4.31% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.52% | +0.20% |
Volatility
IGLH.L vs. LQDH.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.L) is 1.19%, while iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) has a volatility of 1.82%. This indicates that IGLH.L experiences smaller price fluctuations and is considered to be less risky than LQDH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLH.L | LQDH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.82% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 5.37% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 7.01% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 8.94% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 9.87% | -4.94% |
IGLH.L vs. LQDH.L - Expense Ratio Comparison
Both IGLH.L and LQDH.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IGLH.L vs. LQDH.L - Dividend Comparison
IGLH.L's dividend yield for the trailing twelve months is around 1.59%, less than LQDH.L's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist) | 1.59% | 2.91% | 2.33% | 1.40% | 0.73% | 0.55% | 0.97% | 1.19% | 0.32% | 0.00% | 0.00% | 0.00% |
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.33% | 4.66% | 5.52% | 4.83% | 2.07% | 1.55% | 2.45% | 3.52% | 2.87% | 2.14% | 2.46% | 3.25% |
Frequently Asked Questions
IGLH.L and LQDH.L have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IGLH.L and LQDH.L have the same expense ratio: 0.25% per year.
IGLH.L is categorized as Global Bonds, while LQDH.L is Global Corporate Bonds. IGLH.L tracks Bloomberg Global Aggregate TR Hdg GBP, while LQDH.L tracks IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD).
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