LQDA.L vs. IHYA.L
LQDA.L (iShares USD Corporate Bond UCITS ETF (Acc)) and IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) are both exchange-traded funds - LQDA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while IHYA.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, LQDA.L returned -0.09%/yr vs 3.88%/yr for IHYA.L. At a 0.43 correlation, their price movements are largely independent. LQDA.L charges 0.20%/yr vs 0.50%/yr for IHYA.L.
Performance
LQDA.L vs. IHYA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LQDA.L achieves a 0.79% return, which is significantly lower than IHYA.L's 1.36% return.
LQDA.L
- 1D
- 0.63%
- 1M
- 1.59%
- YTD
- 0.79%
- 6M
- 1.27%
- 1Y
- 5.28%
- 3Y*
- 5.14%
- 5Y*
- -0.09%
- 10Y*
- —
IHYA.L
- 1D
- 0.13%
- 1M
- 0.54%
- YTD
- 1.36%
- 6M
- 1.63%
- 1Y
- 5.95%
- 3Y*
- 8.66%
- 5Y*
- 3.88%
- 10Y*
- —
LQDA.L vs. IHYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.79% | 8.02% | 1.21% | 9.01% | -17.75% | -1.66% | 10.56% | 18.32% | -4.38% | 4.60% |
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) | 1.36% | 9.50% | 6.98% | 10.62% | -8.87% | 3.72% | 5.07% | 12.66% | -1.36% | 3.30% |
Correlation
The correlation between LQDA.L and IHYA.L is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.43 |
The correlation between LQDA.L and IHYA.L shifts across timeframes, from 0.43 (all time) to 0.65 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LQDA.L vs. IHYA.L — Risk / Return Rank
LQDA.L
IHYA.L
LQDA.L vs. IHYA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) and iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.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.
| LQDA.L | IHYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.32 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.10 | -0.50 |
| Martin ratioReturn relative to average drawdown | 4.34 | 10.28 | -5.94 |
Loading charts...
Drawdowns
LQDA.L vs. IHYA.L - Drawdown Comparison
The maximum LQDA.L drawdown since its inception was -25.10%, which is greater than IHYA.L's maximum drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for LQDA.L and IHYA.L.
Loading charts...
Drawdown Indicators
| LQDA.L | IHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -22.58% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -2.82% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -7.94% | -4.93% | -3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -13.68% | -11.42% |
Current DrawdownCurrent decline from peak | -2.85% | -0.27% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -2.21% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.58% | +0.64% |
Volatility
LQDA.L vs. IHYA.L - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) has a higher volatility of 1.42% compared to iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) at 1.01%. This indicates that LQDA.L's price experiences larger fluctuations and is considered to be riskier than IHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LQDA.L | IHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.01% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 2.94% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 3.69% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.52% | 6.84% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.13% | 7.89% | +1.24% |
LQDA.L vs. IHYA.L - Expense Ratio Comparison
LQDA.L has a 0.20% expense ratio, which is lower than IHYA.L's 0.50% expense ratio.
Dividends
LQDA.L vs. IHYA.L - Dividend Comparison
Neither LQDA.L nor IHYA.L has paid dividends to shareholders.
Frequently Asked Questions
LQDA.L and IHYA.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQDA.L is cheaper with a 0.20% expense ratio, compared with 0.50% for IHYA.L.
LQDA.L is categorized as Corporate Bonds, while IHYA.L is High Yield Bonds. LQDA.L tracks Bloomberg US Corp Bond TR USD, while IHYA.L tracks Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.20% for LQDA.L and 0.50% for IHYA.L.
Find the right allocation for LQDA.L and IHYA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer