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 1.71% vs -44.19% for IBIT. Their 0.11 correlation means their historical movements had little consistent relationship. LQD charges 0.15%/yr vs 0.25%/yr for IBIT.
Performance
LQD vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, LQD achieves a -0.49% return, which is significantly higher than IBIT's -26.71% return.
LQD
- 1D
- 0.61%
- 1M
- -1.31%
- 6M
- -0.78%
- YTD
- -0.49%
- 1Y
- 1.71%
- 3Y*
- 4.85%
- 5Y*
- -0.85%
- 10Y*
- 2.19%
- ALL TIME*
- 4.39%
IBIT
- 1D
- 0.64%
- 1M
- 4.36%
- 6M
- -15.96%
- YTD
- -26.71%
- 1Y
- -44.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29B | $1.33B | $1.64B | |
| $3.38B | $3.22B | $3.03B |
LQD vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | -0.49% | 7.90% | 1.89% |
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 89.87% |
Correlation
The correlation between LQD and IBIT is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.11 |
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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.
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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.84 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | -0.83 | +1.34 |
| Martin ratioReturn relative to average drawdown | 1.24 | -1.27 | +2.51 |
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Drawdowns
LQD vs. IBIT - Drawdown Comparison
The maximum LQD drawdown since its inception was -24.95%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for LQD and IBIT.
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Drawdown Indicators
| LQD | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.95% | -53.30% | +28.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -53.30% | +49.96% |
Max Drawdown (3Y)Largest decline over 3 years | -6.73% | — | — |
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 | -4.62% | -48.95% | +44.33% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -18.34% | +14.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 34.94% | -33.56% |
Volatility
LQD vs. IBIT - Volatility Comparison
The current volatility for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is 1.57%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.29%. 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.
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Volatility by Period
| LQD | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 8.29% | -6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 33.07% | -28.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 44.40% | -39.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.65% | 49.53% | -40.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 49.53% | -40.84% |
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 4.64%, 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 | 4.64% | 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 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.29%) compared to LQD (1.57%). In terms of maximum drawdown, LQD dropped -24.95% vs IBIT's -53.30%.
On 1-year performance, LQD leads with 1.71% vs -44.19% for IBIT. On fees, LQD is cheaper at 0.15% per year. On volatility, LQD has been the lower-risk option at 1.57%. 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 1.71% return vs -44.19%. 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 4.64%, 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 (0.33 vs -1.00), 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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