LQDA vs. AIA

Last updated Apr 2, 2026

Compare and contrast key facts about Liquidia Corporation (LQDA) and iShares Asia 50 ETF (AIA).

AIA is a passively managed fund by iShares that tracks the performance of the S&P Asia 50. It was launched on Nov 13, 2007.

Performance

LQDA vs. AIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liquidia Corporation (LQDA) and iShares Asia 50 ETF (AIA). The values are adjusted to include any dividend payments, if applicable.

LQDA vs. AIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LQDA Liquidia Corporation	8.64%	193.28%	-2.24%	88.85%	30.80%	65.08%	-30.99%	-80.26%	95.14%
AIA iShares Asia 50 ETF	10.14%	47.79%	20.26%	4.32%	-24.08%	-10.91%	33.73%	22.21%	-11.03%

Returns By Period

In the year-to-date period, LQDA achieves a 8.64% return, which is significantly lower than AIA's 10.14% return.

LQDA

• 1D: -0.72%
• 1M: 21.11%
• YTD: 8.64%
• 6M: 69.93%
• 1Y: 158.24%
• 3Y*: 75.69%
• 5Y*: 68.48%
• 10Y*: —

AIA

• 1D: 1.18%
• 1M: -7.60%
• YTD: 10.14%
• 6M: 14.00%
• 1Y: 51.63%
• 3Y*: 23.25%
• 5Y*: 5.17%
• 10Y*: 11.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LQDA vs. AIA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LQDA

LQDA Risk / Return Rank: 89
LQDA Sharpe Ratio Rank: 92
LQDA Sortino Ratio Rank: 89
LQDA Omega Ratio Rank: 85
LQDA Calmar Ratio Rank: 90
LQDA Martin Ratio Rank: 87

AIA

AIA Risk / Return Rank: 89
AIA Sharpe Ratio Rank: 89
AIA Sortino Ratio Rank: 89
AIA Omega Ratio Rank: 87
AIA Calmar Ratio Rank: 90
AIA Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LQDA vs. AIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liquidia Corporation (LQDA) and iShares Asia 50 ETF (AIA). 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	AIA	Difference
Sharpe ratio Return per unit of total volatility	2.31	1.96	+0.35
Sortino ratio Return per unit of downside risk	2.78	2.56	+0.22
Omega ratio Gain probability vs. loss probability	1.34	1.37	-0.03
Calmar ratio Return relative to maximum drawdown	4.07	3.15	+0.92
Martin ratio Return relative to average drawdown	9.28	12.29	-3.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LQDA vs. AIA - Sharpe Ratio Comparison

The current LQDA Sharpe Ratio is 2.31, which is comparable to the AIA Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of LQDA and AIA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LQDA	AIA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	1.96	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	0.21	+0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.26	-0.05

Correlation

The correlation between LQDA and AIA is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

LQDA vs. AIA - Dividend Comparison

LQDA has not paid dividends to shareholders, while AIA's dividend yield for the trailing twelve months is around 2.27%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LQDA Liquidia Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AIA iShares Asia 50 ETF	2.27%	2.50%	2.78%	2.07%	2.59%	1.54%	1.11%	2.24%	2.49%	1.45%	2.29%	2.88%

Drawdowns

LQDA vs. AIA - Drawdown Comparison

The maximum LQDA drawdown since its inception was -93.87%, which is greater than AIA's maximum drawdown of -60.89%. Use the drawdown chart below to compare losses from any high point for LQDA and AIA.

Drawdown Indicators

	LQDA	AIA	Difference
Max Drawdown Largest peak-to-trough decline	-93.87%	-60.89%	-32.98%
Max Drawdown (1Y) Largest decline over 1 year	-37.82%	-16.52%	-21.30%
Max Drawdown (5Y) Largest decline over 5 years	-55.36%	-51.12%	-4.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-54.64%	—
Current Drawdown Current decline from peak	-19.64%	-9.68%	-9.96%
Average Drawdown Average peak-to-trough decline	-71.07%	-16.81%	-54.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.60%	4.28%	+12.32%

Volatility

LQDA vs. AIA - Volatility Comparison

Liquidia Corporation (LQDA) has a higher volatility of 16.78% compared to iShares Asia 50 ETF (AIA) at 11.21%. This indicates that LQDA's price experiences larger fluctuations and is considered to be riskier than AIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LQDA	AIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.78%	11.21%	+5.57%
Volatility (6M) Calculated over the trailing 6-month period	44.57%	19.49%	+25.08%
Volatility (1Y) Calculated over the trailing 1-year period	68.83%	26.41%	+42.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.66%	24.87%	+47.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.87%	23.19%	+62.68%