LQDE.L vs. IEAC.AS
LQDE.L (iShares $ Corp Bond UCITS ETF USD Distributing) and IEAC.AS (iShares Core € Corp Bond UCITS ETF) are both Corporate Bonds funds from iShares - LQDE.L tracks the Morningstar US Corporate Bond TR USD while IEAC.AS tracks the Bloomberg Euro Corporate Bond Index. Both are passively managed. Over the past 10 years, LQDE.L returned 2.55%/yr vs 1.25%/yr for IEAC.AS. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
LQDE.L vs. IEAC.AS - Performance Comparison
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Different Trading Currencies
LQDE.L is traded in USD, while IEAC.AS is traded in EUR. To make them comparable, the IEAC.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQDE.L achieves a 0.16% return, which is significantly higher than IEAC.AS's -0.56% return. Over the past 10 years, LQDE.L has outperformed IEAC.AS with an annualized return of 2.55%, while IEAC.AS has yielded a comparatively lower 1.25% 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%
IEAC.AS
- 1D
- 0.22%
- 1M
- 0.11%
- YTD
- -0.56%
- 6M
- 0.19%
- 1Y
- 3.80%
- 3Y*
- 7.44%
- 5Y*
- -0.86%
- 10Y*
- 1.25%
LQDE.L vs. IEAC.AS - 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% |
IEAC.AS iShares Core € Corp Bond UCITS ETF | -0.58% | 16.90% | -2.06% | 11.14% | -18.82% | -7.76% | 11.63% | 4.22% | -6.12% | 16.65% |
Correlation
The correlation between LQDE.L and IEAC.AS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 7, 2009 | 0.28 |
The correlation between LQDE.L and IEAC.AS shifts across timeframes, from 0.28 (all time) to 0.51 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LQDE.L vs. IEAC.AS — Risk / Return Rank
LQDE.L
IEAC.AS
LQDE.L vs. IEAC.AS - 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 iShares Core € Corp Bond UCITS ETF (IEAC.AS). 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 | IEAC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.09 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 0.58 | +1.15 |
| Martin ratioReturn relative to average drawdown | 4.78 | 1.58 | +3.19 |
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 | IEAC.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.49 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | -0.09 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.14 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.24 | +0.17 |
Drawdowns
LQDE.L vs. IEAC.AS - Drawdown Comparison
The maximum LQDE.L drawdown since its inception was -32.12%, smaller than the maximum IEAC.AS drawdown of -34.76%. Use the drawdown chart below to compare losses from any high point for LQDE.L and IEAC.AS.
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Drawdown Indicators
| LQDE.L | IEAC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.12% | -34.76% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -6.52% | +3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -8.38% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -33.53% | +8.42% |
Max Drawdown (10Y)Largest decline over 10 years | -25.38% | -34.76% | +9.38% |
Current DrawdownCurrent decline from peak | -3.85% | -6.15% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -9.92% | +5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 2.38% | -1.22% |
Volatility
LQDE.L vs. IEAC.AS - Volatility Comparison
iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) and iShares Core € Corp Bond UCITS ETF (IEAC.AS) have volatilities of 2.09% and 2.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDE.L | IEAC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 2.01% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 5.72% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.76% | 7.61% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 9.28% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.67% | 8.69% | -0.02% |
LQDE.L vs. IEAC.AS - Expense Ratio Comparison
Both LQDE.L and IEAC.AS have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LQDE.L vs. IEAC.AS - Dividend Comparison
LQDE.L's dividend yield for the trailing twelve months is around 4.95%, more than IEAC.AS's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
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 IEAC.AS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LQDE.L and IEAC.AS have the same expense ratio: 0.20% per year.
LQDE.L tracks Morningstar US Corporate Bond TR USD, while IEAC.AS tracks Bloomberg Euro Corporate Bond Index.
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