LQDE.L vs. IWVL.L
LQDE.L (iShares $ Corp Bond UCITS ETF USD Distributing) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both exchange-traded funds - LQDE.L is a Corporate Bonds fund tracking the Morningstar US Corporate Bond TR USD, while IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, LQDE.L returned 2.55%/yr vs 12.86%/yr for IWVL.L. At a 0.13 correlation, their price movements are largely independent. LQDE.L charges 0.20%/yr vs 0.25%/yr for IWVL.L.
Performance
LQDE.L vs. IWVL.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 IWVL.L's 34.30% return. Over the past 10 years, LQDE.L has underperformed IWVL.L with an annualized return of 2.55%, while IWVL.L has yielded a comparatively higher 12.86% 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%
IWVL.L
- 1D
- -0.65%
- 1M
- 9.92%
- YTD
- 34.30%
- 6M
- 38.10%
- 1Y
- 66.02%
- 3Y*
- 30.35%
- 5Y*
- 16.28%
- 10Y*
- 12.86%
LQDE.L vs. IWVL.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% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 34.30% | 40.41% | 5.13% | 19.53% | -9.79% | 20.11% | -3.67% | 18.13% | -14.03% | 22.60% |
Correlation
The correlation between LQDE.L and IWVL.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2014 | 0.13 |
Over the past year, LQDE.L and IWVL.L have become more correlated (0.41) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
LQDE.L vs. IWVL.L — Risk / Return Rank
LQDE.L
IWVL.L
LQDE.L vs. IWVL.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 iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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 | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.27 | ||
| Sortino ratioReturn per unit of downside risk | -4.44 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.76 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 7.55 | -5.82 |
| Martin ratioReturn relative to average drawdown | 4.78 | 28.57 | -23.80 |
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 | IWVL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 4.24 | -3.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 1.01 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.75 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.62 | -0.21 |
Drawdowns
LQDE.L vs. IWVL.L - Drawdown Comparison
The maximum LQDE.L drawdown since its inception was -32.12%, smaller than the maximum IWVL.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for LQDE.L and IWVL.L.
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Drawdown Indicators
| LQDE.L | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.12% | -39.30% | +7.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -8.74% | +5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -14.46% | +6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -26.55% | +1.44% |
Max Drawdown (10Y)Largest decline over 10 years | -25.38% | -39.30% | +13.92% |
Current DrawdownCurrent decline from peak | -3.85% | -0.91% | -2.94% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -7.50% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 2.31% | -1.15% |
Volatility
LQDE.L vs. IWVL.L - Volatility Comparison
The current volatility for iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) is 2.09%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.56%. This indicates that LQDE.L experiences smaller price fluctuations and is considered to be less risky than IWVL.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 | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 6.56% | -4.47% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 12.94% | -8.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.76% | 15.57% | -9.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 16.05% | -7.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.67% | 17.02% | -8.35% |
LQDE.L vs. IWVL.L - Expense Ratio Comparison
LQDE.L has a 0.20% expense ratio, which is lower than IWVL.L'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
LQDE.L vs. IWVL.L - Dividend Comparison
LQDE.L's dividend yield for the trailing twelve months is around 4.95%, while IWVL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 IWVL.L have a correlation of 0.41, 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 0.25% for IWVL.L.
LQDE.L is categorized as Corporate Bonds, while IWVL.L is Global Equities. LQDE.L tracks Morningstar US Corporate Bond TR USD, while IWVL.L tracks MSCI World Enhanced Value Index. Their fees differ too: 0.20% for LQDE.L and 0.25% for IWVL.L.
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