LQDA.L vs. VDPA.L
LQDA.L (iShares USD Corporate Bond UCITS ETF (Acc)) and VDPA.L (Vanguard USD Corporate Bond UCITS ETF USD Accumulation) are both Corporate Bonds funds - LQDA.L tracks the Bloomberg US Corp Bond TR USD while VDPA.L tracks the Bloomberg Global Aggregate Corporate - United States Dollar Index. Both are passively managed. Over the past 5 years, LQDA.L returned -0.01%/yr vs 0.73%/yr for VDPA.L. Their correlation of 0.90 suggests significant overlap in exposure. LQDA.L charges 0.20%/yr vs 0.07%/yr for VDPA.L.
Performance
LQDA.L vs. VDPA.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 VDPA.L's 0.41% 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*
- —
VDPA.L
- 1D
- 0.31%
- 1M
- 0.52%
- YTD
- 0.41%
- 6M
- 0.81%
- 1Y
- 5.65%
- 3Y*
- 5.47%
- 5Y*
- 0.73%
- 10Y*
- —
LQDA.L vs. VDPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.02% | 8.01% | 1.25% | 8.99% | -17.75% | -1.66% | 10.56% | 14.28% |
VDPA.L Vanguard USD Corporate Bond UCITS ETF USD Accumulation | 0.41% | 7.78% | 2.83% | 8.05% | -14.88% | -1.21% | 9.15% | 11.79% |
Correlation
The correlation between LQDA.L and VDPA.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.90 |
The correlation between LQDA.L and VDPA.L has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.
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Return for Risk
LQDA.L vs. VDPA.L — Risk / Return Rank
LQDA.L
VDPA.L
LQDA.L vs. VDPA.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 Vanguard USD Corporate Bond UCITS ETF USD Accumulation (VDPA.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 | VDPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.08 | -0.42 |
| Martin ratioReturn relative to average drawdown | 4.58 | 6.51 | -1.93 |
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 | VDPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.25 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.11 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.33 | -0.05 |
Drawdowns
LQDA.L vs. VDPA.L - Drawdown Comparison
The maximum LQDA.L drawdown since its inception was -25.10%, which is greater than VDPA.L's maximum drawdown of -21.43%. Use the drawdown chart below to compare losses from any high point for LQDA.L and VDPA.L.
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Drawdown Indicators
| LQDA.L | VDPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -21.43% | -3.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -2.70% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -5.60% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -21.43% | -3.67% |
Current DrawdownCurrent decline from peak | -3.58% | -0.80% | -2.78% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -5.98% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 0.87% | +0.33% |
Volatility
LQDA.L vs. VDPA.L - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) has a higher volatility of 2.23% compared to Vanguard USD Corporate Bond UCITS ETF USD Accumulation (VDPA.L) at 1.82%. This indicates that LQDA.L's price experiences larger fluctuations and is considered to be riskier than VDPA.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 | VDPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 1.82% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 3.59% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 4.54% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 6.86% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.11% | 8.77% | +0.34% |
LQDA.L vs. VDPA.L - Expense Ratio Comparison
LQDA.L has a 0.20% expense ratio, which is higher than VDPA.L's 0.07% 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. VDPA.L - Dividend Comparison
Neither LQDA.L nor VDPA.L has paid dividends to shareholders.
Frequently Asked Questions
LQDA.L and VDPA.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDPA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDPA.L is cheaper with a 0.07% expense ratio, compared with 0.20% for LQDA.L.
LQDA.L tracks Bloomberg US Corp Bond TR USD, while VDPA.L tracks Bloomberg Global Aggregate Corporate - United States Dollar Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for LQDA.L and 0.07% for VDPA.L.
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