LQD vs. IBIT
LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, LQD returned 6.08% vs -38.74% for IBIT. At a 0.11 correlation, their price movements are largely independent. LQD charges 0.15%/yr vs 0.25%/yr for IBIT.
Performance
LQD vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LQD achieves a 0.46% return, which is significantly higher than IBIT's -25.48% return.
LQD
- 1D
- -0.28%
- 1M
- 0.72%
- YTD
- 0.46%
- 6M
- -0.03%
- 1Y
- 6.08%
- 3Y*
- 4.95%
- 5Y*
- -0.04%
- 10Y*
- 2.52%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQD vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.46% | 7.90% | 1.28% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between LQD and IBIT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LQD vs. IBIT — Risk / Return Rank
LQD
IBIT
LQD vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and iShares Bitcoin Trust ETF (IBIT). 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.
| LQD | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.86 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | -0.79 | +2.62 |
| Martin ratioReturn relative to average drawdown | 5.23 | -1.36 | +6.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LQD | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | -0.89 | +2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.30 | +0.24 |
Drawdowns
LQD vs. IBIT - Drawdown Comparison
The maximum LQD drawdown since its inception was -24.95%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for LQD and IBIT.
Loading charts...
Drawdown Indicators
| LQD | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.95% | -49.36% | +24.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -49.36% | +46.02% |
Max Drawdown (3Y)Largest decline over 3 years | -8.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.95% | — | — |
Current DrawdownCurrent decline from peak | -3.72% | -48.10% | +44.38% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -16.02% | +12.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 28.44% | -27.27% |
Volatility
LQD vs. IBIT - Volatility Comparison
The current volatility for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is 1.65%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that LQD experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LQD | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 9.50% | -7.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 34.44% | -30.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.36% | 43.73% | -38.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.65% | 50.19% | -41.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.68% | 50.19% | -41.51% |
LQD vs. IBIT - Expense Ratio Comparison
LQD has a 0.15% expense ratio, which is lower than IBIT'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%.
Dividends
LQD vs. IBIT - Dividend Comparison
LQD's dividend yield for the trailing twelve months is around 4.57%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.57% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
Frequently Asked Questions
LQD and IBIT have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to LQD (1.65%). In terms of maximum drawdown, LQD dropped -24.95% vs IBIT's -49.36%.
On 1-year performance, LQD leads with 6.08% vs -38.74% for IBIT. On fees, LQD is cheaper at 0.15% per year. On volatility, LQD has been the lower-risk option at 1.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LQD has performed better with a 6.08% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQD is cheaper with a 0.15% expense ratio, compared with 0.25% for IBIT.
LQD has the higher dividend yield at 4.57%, compared with 0.00% for IBIT.
LQD is categorized as Corporate Bonds, while IBIT is Cryptocurrency. LQD tracks iBoxx $ Liquid Investment Grade Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.15% for LQD and 0.25% for IBIT.
LQD currently has the higher Sharpe Ratio (1.14 vs -0.89), 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.
Find the right allocation for LQD and IBIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer