LQD vs. LQDI
Compare and contrast key facts about iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and iShares Inflation Hedged Corporate Bond ETF (LQDI).
LQD and LQDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQD is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid Investment Grade Index. It was launched on Jul 26, 2002. LQDI is an actively managed fund by iShares. It was launched on May 8, 2018.
Performance
LQD vs. LQDI - Performance Comparison
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LQD vs. LQDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | -0.38% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | 0.51% |
LQDI iShares Inflation Hedged Corporate Bond ETF | -0.54% | 8.84% | 1.48% | 8.85% | -15.33% | 7.53% | 11.82% | 15.83% | -2.07% |
Returns By Period
In the year-to-date period, LQD achieves a -0.38% return, which is significantly higher than LQDI's -0.54% return.
LQD
- 1D
- 0.63%
- 1M
- -2.07%
- YTD
- -0.38%
- 6M
- -0.04%
- 1Y
- 4.88%
- 3Y*
- 4.26%
- 5Y*
- 0.09%
- 10Y*
- 2.61%
LQDI
- 1D
- 0.56%
- 1M
- -1.42%
- YTD
- -0.54%
- 6M
- -0.68%
- 1Y
- 4.41%
- 3Y*
- 4.42%
- 5Y*
- 2.13%
- 10Y*
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LQD vs. LQDI - Expense Ratio Comparison
LQD has a 0.15% expense ratio, which is lower than LQDI's 0.18% 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%.
Return for Risk
LQD vs. LQDI — Risk / Return Rank
LQD
LQDI
LQD vs. LQDI - 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 Inflation Hedged Corporate Bond ETF (LQDI). 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 | LQDI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 0.74 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.03 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.21 | +0.29 |
Martin ratioReturn relative to average drawdown | 4.15 | 4.07 | +0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LQD | LQDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.74 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.26 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.38 | +0.15 |
Correlation
The correlation between LQD and LQDI is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LQD vs. LQDI - Dividend Comparison
LQD's dividend yield for the trailing twelve months is around 4.52%, less than LQDI's 4.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.52% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.57% | 4.46% | 4.65% | 3.98% | 3.27% | 2.42% | 2.34% | 3.26% | 2.53% | 0.00% | 0.00% | 0.00% |
Drawdowns
LQD vs. LQDI - Drawdown Comparison
The maximum LQD drawdown since its inception was -24.95%, smaller than the maximum LQDI drawdown of -28.99%. Use the drawdown chart below to compare losses from any high point for LQD and LQDI.
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Drawdown Indicators
| LQD | LQDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.95% | -28.99% | +4.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -4.03% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -20.67% | -4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -24.95% | — | — |
Current DrawdownCurrent decline from peak | -4.52% | -1.87% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -5.36% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.20% | +0.02% |
Volatility
LQD vs. LQDI - Volatility Comparison
iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a higher volatility of 2.65% compared to iShares Inflation Hedged Corporate Bond ETF (LQDI) at 2.19%. This indicates that LQD's price experiences larger fluctuations and is considered to be riskier than LQDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQD | LQDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.19% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 3.79% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 6.01% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.66% | 8.21% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.67% | 10.94% | -2.27% |