LQDA.L vs. IAAA.L
Compare and contrast key facts about iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) and iShares Global AAA-AA Government Bond UCITS (IAAA.L).
LQDA.L and IAAA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQDA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Apr 13, 2017. IAAA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Oct 3, 2012. Both LQDA.L and IAAA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQDA.L or IAAA.L.
Key characteristics
| LQDA.L | IAAA.L | |
|---|---|---|
| YTD Return | 2.59% | -2.80% |
| 1Y Return | 11.95% | 6.81% |
| 3Y Return (Ann) | -2.76% | -6.27% |
| 5Y Return (Ann) | 0.43% | -2.83% |
| Sharpe Ratio | 1.58 | 0.79 |
| Sortino Ratio | 2.37 | 1.22 |
| Omega Ratio | 1.29 | 1.15 |
| Calmar Ratio | 0.66 | 0.25 |
| Martin Ratio | 5.95 | 1.65 |
| Ulcer Index | 2.05% | 3.99% |
| Daily Std Dev | 7.72% | 8.29% |
| Max Drawdown | -25.10% | -32.79% |
| Current Drawdown | -9.56% | -23.50% |
Correlation
The correlation between LQDA.L and IAAA.L is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
LQDA.L vs. IAAA.L - Performance Comparison
In the year-to-date period, LQDA.L achieves a 2.59% return, which is significantly higher than IAAA.L's -2.80% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LQDA.L vs. IAAA.L - Expense Ratio Comparison
Both LQDA.L and IAAA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
LQDA.L vs. IAAA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) and iShares Global AAA-AA Government Bond UCITS (IAAA.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.
Dividends
LQDA.L vs. IAAA.L - Dividend Comparison
LQDA.L has not paid dividends to shareholders, while IAAA.L's dividend yield for the trailing twelve months is around 2.32%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAAA.L iShares Global AAA-AA Government Bond UCITS | 2.32% | 1.52% | 0.75% | 0.48% | 0.56% | 0.88% | 0.94% | 0.77% | 0.88% | 1.08% | 1.38% | 1.02% |
Drawdowns
LQDA.L vs. IAAA.L - Drawdown Comparison
The maximum LQDA.L drawdown since its inception was -25.10%, smaller than the maximum IAAA.L drawdown of -32.79%. Use the drawdown chart below to compare losses from any high point for LQDA.L and IAAA.L. For additional features, visit the drawdowns tool.
Volatility
LQDA.L vs. IAAA.L - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) has a higher volatility of 2.46% compared to iShares Global AAA-AA Government Bond UCITS (IAAA.L) at 1.95%. This indicates that LQDA.L's price experiences larger fluctuations and is considered to be riskier than IAAA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.