LQD vs. WQDV.L
LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) and WQDV.L (iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)) are both exchange-traded funds - LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index, while WQDV.L is a Global Equities fund tracking the MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. Both are passively managed. Over the past 5 years, LQD returned -0.30%/yr vs 12.29%/yr for WQDV.L. At a 0.15 correlation, their price movements are largely independent. LQD charges 0.15%/yr vs 0.38%/yr for WQDV.L.
Performance
LQD vs. WQDV.L - Performance Comparison
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Returns By Period
In the year-to-date period, LQD achieves a 0.87% return, which is significantly lower than WQDV.L's 13.76% return.
LQD
- 1D
- 0.28%
- 1M
- 1.03%
- YTD
- 0.87%
- 6M
- 0.93%
- 1Y
- 5.51%
- 3Y*
- 4.97%
- 5Y*
- -0.30%
- 10Y*
- 2.54%
WQDV.L
- 1D
- 0.00%
- 1M
- 1.40%
- YTD
- 13.76%
- 6M
- 14.45%
- 1Y
- 31.16%
- 3Y*
- 18.65%
- 5Y*
- 12.29%
- 10Y*
- —
LQD vs. WQDV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.87% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 3.10% |
WQDV.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) | 13.76% | 24.16% | 9.75% | 17.23% | -6.95% | 16.00% | -0.07% | 22.73% | -7.80% | 8.45% |
Correlation
The correlation between LQD and WQDV.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.15 |
The correlation between LQD and WQDV.L shifts across timeframes, from 0.15 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LQD vs. WQDV.L — Risk / Return Rank
LQD
WQDV.L
LQD vs. WQDV.L - 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 MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDV.L). 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 | WQDV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.47 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 4.05 | -2.37 |
| Martin ratioReturn relative to average drawdown | 4.72 | 14.99 | -10.27 |
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Drawdowns
LQD vs. WQDV.L - Drawdown Comparison
The maximum LQD drawdown since its inception was -24.95%, smaller than the maximum WQDV.L drawdown of -33.16%. Use the drawdown chart below to compare losses from any high point for LQD and WQDV.L.
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Drawdown Indicators
| LQD | WQDV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.95% | -33.16% | +8.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -7.79% | +4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -8.43% | -14.03% | +5.60% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -21.24% | -3.71% |
Max Drawdown (10Y)Largest decline over 10 years | -24.95% | — | — |
Current DrawdownCurrent decline from peak | -3.32% | -1.05% | -2.27% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -4.27% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 2.11% | -0.92% |
Volatility
LQD vs. WQDV.L - Volatility Comparison
The current volatility for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is 1.56%, while iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDV.L) has a volatility of 3.61%. This indicates that LQD experiences smaller price fluctuations and is considered to be less risky than WQDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQD | WQDV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 3.61% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 9.39% | -5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.31% | 12.08% | -6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.65% | 13.90% | -5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 14.66% | -5.97% |
LQD vs. WQDV.L - Expense Ratio Comparison
LQD has a 0.15% expense ratio, which is lower than WQDV.L's 0.38% expense ratio.
Dividends
LQD vs. WQDV.L - Dividend Comparison
LQD's dividend yield for the trailing twelve months is around 4.55%, more than WQDV.L's 1.81% 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% |
WQDV.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) | 1.81% | 2.31% | 2.58% | 2.78% | 2.95% | 2.75% | 2.81% | 3.01% | 3.28% | 0.77% | 0.00% | 0.00% |
Frequently Asked Questions
LQD and WQDV.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQD is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQD is cheaper with a 0.15% expense ratio, compared with 0.38% for WQDV.L.
LQD is categorized as Corporate Bonds, while WQDV.L is Global Equities. LQD tracks iBoxx $ Liquid Investment Grade Index, while WQDV.L tracks MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. Their fees differ too: 0.15% for LQD and 0.38% for WQDV.L.
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