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LQDA vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

LQDA vs. BND

Last updated May 24, 2025

Compare and contrast key facts about Liquidia Corporation (LQDA) and Vanguard Total Bond Market ETF (BND).

BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQDA or BND.

Correlation

The correlation between LQDA and BND is 0.06, 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.

Performance

LQDA vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liquidia Corporation (LQDA) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

LQDA:

0.32

BND:

0.88

Sortino Ratio

LQDA:

0.78

BND:

1.16

Omega Ratio

LQDA:

1.12

BND:

1.14

Calmar Ratio

LQDA:

0.21

BND:

0.34

Martin Ratio

LQDA:

0.79

BND:

2.01

Ulcer Index

LQDA:

19.97%

BND:

2.11%

Daily Std Dev

LQDA:

62.15%

BND:

5.33%

Max Drawdown

LQDA:

-93.87%

BND:

-18.84%

Current Drawdown

LQDA:

-58.71%

BND:

-7.83%

Returns By Period

In the year-to-date period, LQDA achieves a 30.53% return, which is significantly higher than BND's 1.68% return.

LQDA

YTD

30.53%

1M

13.28%

6M

44.13%

1Y

19.55%

3Y*

65.76%

5Y*

12.71%

10Y*

N/A

BND

YTD

1.68%

1M

-0.15%

6M

1.36%

1Y

4.67%

3Y*

1.26%

5Y*

-1.10%

10Y*

1.40%

*Annualized

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Liquidia Corporation

Vanguard Total Bond Market ETF

Risk-Adjusted Performance

LQDA vs. BND — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LQDA
The Risk-Adjusted Performance Rank of LQDA is 6363
Overall Rank
The Sharpe Ratio Rank of LQDA is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of LQDA is 6161
Sortino Ratio Rank
The Omega Ratio Rank of LQDA is 6363
Omega Ratio Rank
The Calmar Ratio Rank of LQDA is 6363
Calmar Ratio Rank
The Martin Ratio Rank of LQDA is 6363
Martin Ratio Rank
BND
The Risk-Adjusted Performance Rank of BND is 6565
Overall Rank
The Sharpe Ratio Rank of BND is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of BND is 7373
Sortino Ratio Rank
The Omega Ratio Rank of BND is 6565
Omega Ratio Rank
The Calmar Ratio Rank of BND is 4646
Calmar Ratio Rank
The Martin Ratio Rank of BND is 6060
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

LQDA vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Liquidia Corporation (LQDA) and Vanguard Total Bond Market ETF (BND). 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.

The current LQDA Sharpe Ratio is 0.32, which is lower than the BND Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of LQDA and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

LQDA vs. BND - Dividend Comparison

LQDA has not paid dividends to shareholders, while BND's dividend yield for the trailing twelve months is around 3.77%.

TTM20242023202220212020201920182017201620152014
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%
BND
Vanguard Total Bond Market ETF		3.77%3.67%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%

Drawdowns

LQDA vs. BND - Drawdown Comparison

The maximum LQDA drawdown since its inception was -93.87%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for LQDA and BND. For additional features, visit the drawdowns tool.

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Volatility

LQDA vs. BND - Volatility Comparison

Liquidia Corporation (LQDA) has a higher volatility of 25.79% compared to Vanguard Total Bond Market ETF (BND) at 1.45%. This indicates that LQDA's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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