LQDE.L vs. HDLV.L
LQDE.L (iShares $ Corp Bond UCITS ETF USD Distributing) and HDLV.L (Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist) are both exchange-traded funds - LQDE.L is a Corporate Bonds fund tracking the Morningstar US Corporate Bond TR USD, while HDLV.L is a S&P 500 fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 10 years, LQDE.L returned 2.55%/yr vs 6.48%/yr for HDLV.L. At a 0.19 correlation, their price movements are largely independent. LQDE.L charges 0.20%/yr vs 0.30%/yr for HDLV.L.
Performance
LQDE.L vs. HDLV.L - Performance Comparison
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Returns By Period
In the year-to-date period, LQDE.L achieves a 0.16% return, which is significantly lower than HDLV.L's 4.40% return. Over the past 10 years, LQDE.L has underperformed HDLV.L with an annualized return of 2.55%, while HDLV.L has yielded a comparatively higher 6.48% annualized return.
LQDE.L
- 1D
- 0.48%
- 1M
- 0.19%
- YTD
- 0.16%
- 6M
- 0.75%
- 1Y
- 5.80%
- 3Y*
- 5.02%
- 5Y*
- 0.00%
- 10Y*
- 2.55%
HDLV.L
- 1D
- 0.05%
- 1M
- -0.81%
- YTD
- 4.40%
- 6M
- 5.28%
- 1Y
- 9.20%
- 3Y*
- 10.98%
- 5Y*
- 5.04%
- 10Y*
- 6.48%
LQDE.L vs. HDLV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDE.L iShares $ Corp Bond UCITS ETF USD Distributing | 0.16% | 8.09% | 1.06% | 9.14% | -17.80% | -2.04% | 10.98% | 17.87% | -3.94% | 6.81% |
HDLV.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist | 4.40% | 3.58% | 16.39% | 1.20% | 0.46% | 24.79% | -10.93% | 18.82% | -7.10% | 11.38% |
Correlation
The correlation between LQDE.L and HDLV.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 13, 2015 | 0.19 |
The correlation between LQDE.L and HDLV.L shifts across timeframes, from 0.19 (all time) to 0.35 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LQDE.L vs. HDLV.L — Risk / Return Rank
LQDE.L
HDLV.L
LQDE.L vs. HDLV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) and Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist (HDLV.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.
| LQDE.L | HDLV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.14 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.21 | +0.52 |
| Martin ratioReturn relative to average drawdown | 4.78 | 2.80 | +1.98 |
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
| LQDE.L | HDLV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.82 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.36 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.40 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.47 | -0.06 |
Drawdowns
LQDE.L vs. HDLV.L - Drawdown Comparison
The maximum LQDE.L drawdown since its inception was -32.12%, smaller than the maximum HDLV.L drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for LQDE.L and HDLV.L.
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Drawdown Indicators
| LQDE.L | HDLV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.12% | -41.02% | +8.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -7.16% | +3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -14.59% | +6.66% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -20.04% | -5.07% |
Max Drawdown (10Y)Largest decline over 10 years | -25.38% | -41.02% | +15.64% |
Current DrawdownCurrent decline from peak | -3.85% | -5.15% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -5.70% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 3.10% | -1.94% |
Volatility
LQDE.L vs. HDLV.L - Volatility Comparison
The current volatility for iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) is 2.09%, while Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist (HDLV.L) has a volatility of 3.06%. This indicates that LQDE.L experiences smaller price fluctuations and is considered to be less risky than HDLV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDE.L | HDLV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 3.06% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 7.60% | -3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.76% | 10.52% | -4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 13.99% | -5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.67% | 16.16% | -7.49% |
LQDE.L vs. HDLV.L - Expense Ratio Comparison
LQDE.L has a 0.20% expense ratio, which is lower than HDLV.L's 0.30% expense ratio.
Dividends
LQDE.L vs. HDLV.L - Dividend Comparison
LQDE.L's dividend yield for the trailing twelve months is around 4.95%, more than HDLV.L's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLV.L Invesco S&P 500 High Dividend Low Volatility UCITS ETF Dist | 3.74% | 3.91% | 3.54% | 4.04% | 3.56% | 3.37% | 4.35% | 3.69% | 3.79% | 3.07% | 3.07% | 1.89% |
LQDE.L iShares $ Corp Bond UCITS ETF USD Distributing | 4.95% | 4.89% | 5.02% | 4.58% | 3.74% | 2.68% | 2.77% | 3.42% | 3.69% | 3.25% | 3.40% | 3.36% |
Frequently Asked Questions
LQDE.L and HDLV.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQDE.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQDE.L is cheaper with a 0.20% expense ratio, compared with 0.30% for HDLV.L.
LQDE.L is categorized as Corporate Bonds, while HDLV.L is S&P 500. LQDE.L tracks Morningstar US Corporate Bond TR USD, while HDLV.L tracks S&P 500 Low Volatility High Dividend Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for LQDE.L and 0.30% for HDLV.L.
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