LQDA.L vs. IWDA.L
LQDA.L (iShares USD Corporate Bond UCITS ETF (Acc)) and IWDA.L (iShares Core MSCI World 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 IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 5 years, LQDA.L returned -0.01%/yr vs 11.86%/yr for IWDA.L. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
LQDA.L vs. IWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, LQDA.L achieves a 0.02% return, which is significantly lower than IWDA.L's 9.83% return.
LQDA.L
- 1D
- 0.38%
- 1M
- 0.35%
- YTD
- 0.02%
- 6M
- 0.29%
- 1Y
- 5.53%
- 3Y*
- 5.02%
- 5Y*
- -0.01%
- 10Y*
- —
IWDA.L
- 1D
- 0.10%
- 1M
- 4.07%
- YTD
- 9.83%
- 6M
- 10.98%
- 1Y
- 25.98%
- 3Y*
- 20.77%
- 5Y*
- 11.86%
- 10Y*
- 13.07%
LQDA.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.02% | 8.01% | 1.25% | 8.99% | -17.75% | -1.66% | 10.56% | 18.22% | -4.30% | 4.45% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.83% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 16.53% |
Correlation
The correlation between LQDA.L and IWDA.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.24 |
Over the past year, LQDA.L and IWDA.L have become more correlated (0.52) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
LQDA.L vs. IWDA.L — Risk / Return Rank
LQDA.L
IWDA.L
LQDA.L vs. IWDA.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 Core MSCI World UCITS ETF USD (Acc) (IWDA.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.
| LQDA.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.40 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 3.11 | -1.45 |
| Martin ratioReturn relative to average drawdown | 4.58 | 13.16 | -8.58 |
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
| LQDA.L | IWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 2.17 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.76 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.79 | -0.51 |
Drawdowns
LQDA.L vs. IWDA.L - Drawdown Comparison
The maximum LQDA.L drawdown since its inception was -25.10%, smaller than the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for LQDA.L and IWDA.L.
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Drawdown Indicators
| LQDA.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -34.11% | +9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -8.31% | +4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -16.94% | +9.08% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -25.88% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.11% | — |
Current DrawdownCurrent decline from peak | -3.58% | -0.43% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -4.44% | -2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.97% | -0.77% |
Volatility
LQDA.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) is 2.23%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 3.40%. This indicates that LQDA.L experiences smaller price fluctuations and is considered to be less risky than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDA.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 3.40% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 9.19% | -4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 11.93% | -6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 15.68% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.11% | 15.91% | -6.80% |
LQDA.L vs. IWDA.L - Expense Ratio Comparison
Both LQDA.L and IWDA.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%.
Dividends
LQDA.L vs. IWDA.L - Dividend Comparison
Neither LQDA.L nor IWDA.L has paid dividends to shareholders.
Frequently Asked Questions
LQDA.L and IWDA.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LQDA.L and IWDA.L have the same expense ratio: 0.20% per year.
LQDA.L is categorized as Corporate Bonds, while IWDA.L is Global Equities. LQDA.L tracks Bloomberg US Corp Bond TR USD, while IWDA.L tracks MSCI World Index (Net).
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