LQDA.L vs. VCLT
LQDA.L (iShares USD Corporate Bond UCITS ETF (Acc)) and VCLT (Vanguard Long-Term Corporate Bond ETF) are both Corporate Bonds funds - LQDA.L tracks the Bloomberg US Corp Bond TR USD while VCLT tracks the Barclays U.S. 10+ Year Corporate Index. Both are passively managed. Over the past 5 years, LQDA.L returned -0.01%/yr vs -1.73%/yr for VCLT. A 0.68 correlation means they provide meaningful diversification when combined. LQDA.L charges 0.20%/yr vs 0.04%/yr for VCLT.
Performance
LQDA.L vs. VCLT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LQDA.L achieves a 0.02% return, which is significantly lower than VCLT's 1.27% 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*
- —
VCLT
- 1D
- 0.28%
- 1M
- 1.13%
- YTD
- 1.27%
- 6M
- 0.48%
- 1Y
- 6.83%
- 3Y*
- 4.56%
- 5Y*
- -1.73%
- 10Y*
- 2.37%
LQDA.L vs. VCLT - 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% |
VCLT Vanguard Long-Term Corporate Bond ETF | 1.27% | 7.18% | -1.90% | 11.17% | -25.50% | -1.73% | 13.27% | 23.89% | -7.04% | 8.60% |
Correlation
The correlation between LQDA.L and VCLT is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2017 | 0.68 |
The correlation between LQDA.L and VCLT has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
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. VCLT — Risk / Return Rank
LQDA.L
VCLT
LQDA.L vs. VCLT - 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 Vanguard Long-Term Corporate Bond ETF (VCLT). 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 | VCLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.31 | +0.35 |
| Martin ratioReturn relative to average drawdown | 4.58 | 3.21 | +1.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LQDA.L | VCLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.87 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | -0.14 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.40 | -0.11 |
Drawdowns
LQDA.L vs. VCLT - Drawdown Comparison
The maximum LQDA.L drawdown since its inception was -25.10%, smaller than the maximum VCLT drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for LQDA.L and VCLT.
Loading charts...
Drawdown Indicators
| LQDA.L | VCLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -34.31% | +9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -5.25% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -13.03% | +5.17% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -34.31% | +9.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.31% | — |
Current DrawdownCurrent decline from peak | -3.58% | -14.12% | +10.54% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -8.16% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 2.13% | -0.93% |
Volatility
LQDA.L vs. VCLT - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) and Vanguard Long-Term Corporate Bond ETF (VCLT) have volatilities of 2.23% and 2.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LQDA.L | VCLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 2.25% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 5.75% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 7.93% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 12.77% | -4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.11% | 12.84% | -3.73% |
LQDA.L vs. VCLT - Expense Ratio Comparison
LQDA.L has a 0.20% expense ratio, which is higher than VCLT's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LQDA.L vs. VCLT - Dividend Comparison
LQDA.L has not paid dividends to shareholders, while VCLT's dividend yield for the trailing twelve months is around 5.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VCLT Vanguard Long-Term Corporate Bond ETF | 5.53% | 5.51% | 5.19% | 4.67% | 4.44% | 3.07% | 3.16% | 3.81% | 4.55% | 4.01% | 4.33% | 4.68% |
Frequently Asked Questions
LQDA.L and VCLT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VCLT is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCLT is cheaper with a 0.04% expense ratio, compared with 0.20% for LQDA.L.
LQDA.L tracks Bloomberg US Corp Bond TR USD, while VCLT tracks Barclays U.S. 10+ Year Corporate Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for LQDA.L and 0.04% for VCLT.
Find the right allocation for LQDA.L and VCLT
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