LQDA.L vs. VSCA.L
LQDA.L (iShares USD Corporate Bond UCITS ETF (Acc)) and VSCA.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating) are both Corporate Bonds funds - LQDA.L tracks the Bloomberg US Corp Bond TR USD while VSCA.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, LQDA.L returned -0.01%/yr vs 2.56%/yr for VSCA.L. At a 0.14 correlation, their price movements are largely independent. LQDA.L charges 0.20%/yr vs 0.09%/yr for VSCA.L.
Performance
LQDA.L vs. VSCA.L - Performance Comparison
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Different Trading Currencies
LQDA.L is traded in USD, while VSCA.L is traded in GBP. To make them comparable, the VSCA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQDA.L achieves a 0.02% return, which is significantly lower than VSCA.L's 0.65% 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*
- —
VSCA.L
- 1D
- -0.15%
- 1M
- 0.22%
- YTD
- 0.65%
- 6M
- 1.27%
- 1Y
- 4.20%
- 3Y*
- 5.32%
- 5Y*
- 2.56%
- 10Y*
- —
LQDA.L vs. VSCA.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% |
VSCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating | 0.65% | 6.17% | 5.34% | 4.96% | -3.79% | -0.20% | 3.42% | 4.89% |
Correlation
The correlation between LQDA.L and VSCA.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.14 |
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Return for Risk
LQDA.L vs. VSCA.L — Risk / Return Rank
LQDA.L
VSCA.L
LQDA.L vs. VSCA.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 1-3 Year Bond UCITS ETF Accumulating (VSCA.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 | VSCA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 3.32 | -1.66 |
| Martin ratioReturn relative to average drawdown | 4.58 | 12.20 | -7.61 |
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 | VSCA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.02 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.52 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.48 | -0.20 |
Drawdowns
LQDA.L vs. VSCA.L - Drawdown Comparison
The maximum LQDA.L drawdown since its inception was -25.10%, which is greater than VSCA.L's maximum drawdown of -11.09%. Use the drawdown chart below to compare losses from any high point for LQDA.L and VSCA.L.
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Drawdown Indicators
| LQDA.L | VSCA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -11.09% | -14.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -1.27% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -1.27% | -6.59% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -7.42% | -17.68% |
Current DrawdownCurrent decline from peak | -3.58% | -0.29% | -3.29% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -1.37% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 0.35% | +0.85% |
Volatility
LQDA.L vs. VSCA.L - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) has a higher volatility of 2.23% compared to Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VSCA.L) at 1.43%. This indicates that LQDA.L's price experiences larger fluctuations and is considered to be riskier than VSCA.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 | VSCA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 1.43% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 3.37% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 4.13% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 4.89% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.11% | 6.06% | +3.05% |
LQDA.L vs. VSCA.L - Expense Ratio Comparison
LQDA.L has a 0.20% expense ratio, which is higher than VSCA.L's 0.09% 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. VSCA.L - Dividend Comparison
Neither LQDA.L nor VSCA.L has paid dividends to shareholders.
Frequently Asked Questions
LQDA.L and VSCA.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VSCA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VSCA.L is cheaper with a 0.09% expense ratio, compared with 0.20% for LQDA.L.
LQDA.L tracks Bloomberg US Corp Bond TR USD, while VSCA.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for LQDA.L and 0.09% for VSCA.L.
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