LQD vs. RDEIY
LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) is Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index, while RDEIY (Red Electrica Corporacion SA ADR) is a stock. Over the past 10 years, LQD returned 2.54%/yr vs 3.08%/yr for RDEIY. At a 0.16 correlation, their price movements are largely independent.
Performance
LQD vs. RDEIY - Performance Comparison
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Returns By Period
In the year-to-date period, LQD achieves a 0.82% return, which is significantly higher than RDEIY's -4.17% return. Over the past 10 years, LQD has underperformed RDEIY with an annualized return of 2.54%, while RDEIY has yielded a comparatively higher 3.08% annualized return.
LQD
- 1D
- -0.06%
- 1M
- 0.80%
- YTD
- 0.82%
- 6M
- 1.24%
- 1Y
- 5.80%
- 3Y*
- 5.30%
- 5Y*
- -0.21%
- 10Y*
- 2.54%
RDEIY
- 1D
- 0.23%
- 1M
- 3.92%
- YTD
- -4.17%
- 6M
- 1.66%
- 1Y
- -10.16%
- 3Y*
- 5.83%
- 5Y*
- 2.37%
- 10Y*
- 3.08%
LQD vs. RDEIY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.82% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 7.06% |
RDEIY Red Electrica Corporacion SA ADR | -4.17% | 14.04% | 9.95% | 1.07% | -15.41% | 9.39% | 8.06% | -6.12% | 2.84% | 28.56% |
Correlation
The correlation between LQD and RDEIY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2008 | 0.16 |
The correlation between LQD and RDEIY shifts across timeframes, from 0.16 (all time) to 0.31 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LQD vs. RDEIY — Risk / Return Rank
LQD
RDEIY
LQD vs. RDEIY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and Red Electrica Corporacion SA ADR (RDEIY). 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 | RDEIY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.92 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | -0.51 | +2.07 |
| Martin ratioReturn relative to average drawdown | 4.37 | -0.82 | +5.19 |
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Drawdowns
LQD vs. RDEIY - Drawdown Comparison
The maximum LQD drawdown since its inception was -24.95%, smaller than the maximum RDEIY drawdown of -40.85%. Use the drawdown chart below to compare losses from any high point for LQD and RDEIY.
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Drawdown Indicators
| LQD | RDEIY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.95% | -40.85% | +15.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -22.31% | +18.97% |
Max Drawdown (3Y)Largest decline over 3 years | -8.43% | -25.03% | +16.60% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -30.75% | +5.80% |
Max Drawdown (10Y)Largest decline over 10 years | -24.95% | -34.37% | +9.42% |
Current DrawdownCurrent decline from peak | -3.37% | -18.91% | +15.54% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -10.83% | +6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 13.83% | -12.64% |
Volatility
LQD vs. RDEIY - Volatility Comparison
The current volatility for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is 1.78%, while Red Electrica Corporacion SA ADR (RDEIY) has a volatility of 4.59%. This indicates that LQD experiences smaller price fluctuations and is considered to be less risky than RDEIY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQD | RDEIY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 4.59% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 15.13% | -11.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.37% | 19.81% | -14.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.65% | 21.38% | -12.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 22.93% | -14.24% |
Dividends
LQD vs. RDEIY - Dividend Comparison
LQD's dividend yield for the trailing twelve months is around 4.55%, less than RDEIY's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.55% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
RDEIY Red Electrica Corporacion SA ADR | 5.35% | 4.93% | 6.30% | 6.54% | 6.21% | 4.42% | 4.50% | 3.92% | 3.48% | 6.36% | 4.63% | 2.84% |
Frequently Asked Questions
LQD and RDEIY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDEIY has higher volatility (4.59%) compared to LQD (1.78%). In terms of maximum drawdown, LQD dropped -24.95% vs RDEIY's -40.85%.
LQD currently has the higher Sharpe Ratio (0.97 vs -0.58), 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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