LQD vs. ETH-USD
LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) is Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, LQD returned 2.48%/yr vs 60.88%/yr for ETH-USD. At a 0.06 correlation, their price movements are largely independent.
Performance
LQD vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, LQD achieves a 0.73% return, which is significantly higher than ETH-USD's -43.74% return. Over the past 10 years, LQD has underperformed ETH-USD with an annualized return of 2.48%, while ETH-USD has yielded a comparatively higher 60.88% annualized return.
LQD
- 1D
- 0.12%
- 1M
- 0.88%
- YTD
- 0.73%
- 6M
- 0.70%
- 1Y
- 5.10%
- 3Y*
- 4.92%
- 5Y*
- -0.25%
- 10Y*
- 2.48%
ETH-USD
- 1D
- -3.30%
- 1M
- -20.41%
- YTD
- -43.74%
- 6M
- -43.66%
- 1Y
- -30.82%
- 3Y*
- -3.82%
- 5Y*
- -3.44%
- 10Y*
- 60.88%
LQD vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.73% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 7.06% |
ETH-USD Ethereum | -43.74% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
Correlation
The correlation between LQD and ETH-USD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.06 |
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Return for Risk
LQD vs. ETH-USD — Risk / Return Rank
LQD
ETH-USD
LQD vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and Ethereum (ETH-USD). 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.
| LQD | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.97 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | -0.46 | +1.99 |
| Martin ratioReturn relative to average drawdown | 4.28 | -0.76 | +5.03 |
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Drawdowns
LQD vs. ETH-USD - Drawdown Comparison
The maximum LQD drawdown since its inception was -24.95%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for LQD and ETH-USD.
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Drawdown Indicators
| LQD | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.95% | -94.01% | +69.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -67.53% | +64.19% |
Max Drawdown (3Y)Largest decline over 3 years | -8.43% | -67.53% | +59.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -79.35% | +54.40% |
Max Drawdown (10Y)Largest decline over 10 years | -24.95% | -94.01% | +69.06% |
Current DrawdownCurrent decline from peak | -3.46% | -65.45% | +61.99% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -50.93% | +46.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 41.14% | -39.95% |
Volatility
LQD vs. ETH-USD - Volatility Comparison
The current volatility for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is 1.42%, while Ethereum (ETH-USD) has a volatility of 18.13%. This indicates that LQD experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQD | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 18.13% | -16.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 46.20% | -42.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 56.03% | -50.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.65% | 59.16% | -50.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 77.04% | -68.35% |
Frequently Asked Questions
LQD and ETH-USD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (18.13%) compared to LQD (1.42%). In terms of maximum drawdown, LQD dropped -24.95% vs ETH-USD's -94.01%.
LQD currently has the higher Sharpe Ratio (0.96 vs -0.46), 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.
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