LQDB vs. IBIT
LQDB (iShares BBB Rated Corporate Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - LQDB is a Corporate Bonds fund tracking the iBoxx USD Liquid Investment Grade BBB 0+ Index , while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, LQDB returned 2.27% vs -43.69% for IBIT. Their 0.13 correlation means their historical movements had little consistent relationship. LQDB charges 0.15%/yr vs 0.25%/yr for IBIT.
Performance
LQDB vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, LQDB achieves a -0.12% return, which is significantly higher than IBIT's -27.17% return.
LQDB
- 1D
- 0.26%
- 1M
- -1.23%
- 6M
- -0.56%
- YTD
- -0.12%
- 1Y
- 2.27%
- 3Y*
- 5.31%
- 5Y*
- 0.04%
- 10Y*
- —
- ALL TIME*
- 0.79%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.33B | $1.34B | $1.65B | |
| $208.83K | $216.78K | $419.92K |
LQDB vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LQDB iShares BBB Rated Corporate Bond ETF | -0.12% | 7.50% | 3.25% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between LQDB and IBIT is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.13 |
The correlation between LQDB and IBIT shifts across timeframes, from 0.13 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LQDB vs. IBIT — Risk / Return Rank
LQDB
IBIT
LQDB vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BBB Rated Corporate Bond ETF (LQDB) and iShares Bitcoin Trust ETF (IBIT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LQDB | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.84 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | -0.82 | +1.68 |
| Martin ratioReturn relative to average drawdown | 2.36 | -1.26 | +3.61 |
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Drawdowns
LQDB vs. IBIT - Drawdown Comparison
The maximum LQDB drawdown since its inception was -21.63%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for LQDB and IBIT.
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Drawdown Indicators
| LQDB | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -53.30% | +31.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -53.30% | +50.63% |
Max Drawdown (3Y)Largest decline over 3 years | -4.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | — | — |
Current DrawdownCurrent decline from peak | -1.71% | -49.28% | +47.57% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -18.29% | +10.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 34.80% | -33.83% |
Volatility
LQDB vs. IBIT - Volatility Comparison
The current volatility for iShares BBB Rated Corporate Bond ETF (LQDB) is 1.15%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that LQDB experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDB | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 8.98% | -7.83% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 33.79% | -30.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 44.48% | -40.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.87% | 49.57% | -42.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.78% | 49.57% | -42.79% |
LQDB vs. IBIT - Expense Ratio Comparison
LQDB has a 0.15% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LQDB vs. IBIT - Dividend Comparison
LQDB's dividend yield for the trailing twelve months is around 4.80%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQDB iShares BBB Rated Corporate Bond ETF | 4.80% | 4.65% | 4.46% | 3.90% | 4.14% | 1.32% |
Frequently Asked Questions
LQDB and IBIT have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.98%) compared to LQDB (1.15%). In terms of maximum drawdown, LQDB dropped -21.63% vs IBIT's -53.30%.
On 1-year performance, LQDB leads with 2.27% vs -43.69% for IBIT. On fees, LQDB is cheaper at 0.15% per year. On volatility, LQDB has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LQDB has performed better with a 2.27% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQDB is cheaper with a 0.15% expense ratio, compared with 0.25% for IBIT.
LQDB has the higher dividend yield at 4.80%, compared with 0.00% for IBIT.
LQDB is categorized as Corporate Bonds, while IBIT is Cryptocurrency. LQDB tracks iBoxx USD Liquid Investment Grade BBB 0+ Index , while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.15% for LQDB and 0.25% for IBIT.
LQDB currently has the higher Sharpe Ratio (0.57 vs -0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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