LQDB vs. HYGV
Compare and contrast key facts about iShares BBB Rated Corporate Bond ETF (LQDB) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV).
LQDB and HYGV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQDB is a passively managed fund by iShares that tracks the performance of the iBoxx USD Liquid Investment Grade BBB 0+ Index . It was launched on May 18, 2021. HYGV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust High Yield Value-Scored US Corporate Bond Index. It was launched on Jul 17, 2018. Both LQDB and HYGV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
LQDB vs. HYGV - Performance Comparison
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LQDB vs. HYGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LQDB iShares BBB Rated Corporate Bond ETF | -0.11% | 7.50% | 2.37% | 9.60% | -15.51% | 2.35% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | -0.23% | 7.92% | 8.02% | 12.11% | -12.60% | 3.32% |
Returns By Period
In the year-to-date period, LQDB achieves a -0.11% return, which is significantly higher than HYGV's -0.23% return.
LQDB
- 1D
- -0.00%
- 1M
- -1.39%
- YTD
- -0.11%
- 6M
- 0.19%
- 1Y
- 4.84%
- 3Y*
- 4.99%
- 5Y*
- —
- 10Y*
- —
HYGV
- 1D
- 0.29%
- 1M
- -0.80%
- YTD
- -0.23%
- 6M
- 0.82%
- 1Y
- 6.88%
- 3Y*
- 7.94%
- 5Y*
- 3.43%
- 10Y*
- —
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LQDB vs. HYGV - Expense Ratio Comparison
LQDB has a 0.15% expense ratio, which is lower than HYGV's 0.37% expense ratio.
Return for Risk
LQDB vs. HYGV — Risk / Return Rank
LQDB
HYGV
LQDB vs. HYGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BBB Rated Corporate Bond ETF (LQDB) and FlexShares High Yield Value-Scored US Bond Index Fund (HYGV). 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.
| LQDB | HYGV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.12 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.59 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.57 | +0.24 |
Martin ratioReturn relative to average drawdown | 5.55 | 7.57 | -2.02 |
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
| LQDB | HYGV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.12 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.53 | -0.41 |
Correlation
The correlation between LQDB and HYGV is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
LQDB vs. HYGV - Dividend Comparison
LQDB's dividend yield for the trailing twelve months is around 4.65%, less than HYGV's 7.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LQDB iShares BBB Rated Corporate Bond ETF | 4.65% | 4.65% | 4.46% | 3.90% | 4.14% | 1.32% | 0.00% | 0.00% | 0.00% |
HYGV FlexShares High Yield Value-Scored US Bond Index Fund | 7.52% | 7.48% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% |
Drawdowns
LQDB vs. HYGV - Drawdown Comparison
The maximum LQDB drawdown since its inception was -21.63%, smaller than the maximum HYGV drawdown of -23.47%. Use the drawdown chart below to compare losses from any high point for LQDB and HYGV.
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Drawdown Indicators
| LQDB | HYGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -23.47% | +1.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -4.54% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.12% | — |
Current DrawdownCurrent decline from peak | -1.70% | -1.32% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -3.39% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.94% | -0.01% |
Volatility
LQDB vs. HYGV - Volatility Comparison
The current volatility for iShares BBB Rated Corporate Bond ETF (LQDB) is 2.12%, while FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) has a volatility of 2.32%. This indicates that LQDB experiences smaller price fluctuations and is considered to be less risky than HYGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDB | HYGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 2.32% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 2.99% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.05% | 6.19% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 7.57% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 9.28% | -2.35% |