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LQDE.L vs. XZBU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LQDE.L vs. XZBU.L

Last updated Jun 5, 2026

LQDE.L (iShares $ Corp Bond UCITS ETF USD Distributing) and XZBU.L (Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C) are both Corporate Bonds funds - LQDE.L tracks the Morningstar US Corporate Bond TR USD while XZBU.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. LQDE.L charges 0.20%/yr vs 0.16%/yr for XZBU.L.

Performance

LQDE.L vs. XZBU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) and Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

LQDE.L is traded in USD, while XZBU.L is traded in GBP. To make them comparable, the XZBU.L values have been converted to USD using the latest available exchange rates.

Returns By Period

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%

XZBU.L

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

LQDE.L vs. XZBU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
LQDE.L
iShares $ Corp Bond UCITS ETF USD Distributing		0.16%8.09%1.06%9.14%-17.80%-2.04%3.68%
XZBU.L
Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C		34.79%8.26%0.97%8.41%-18.49%-1.77%3.62%

Correlation

The correlation between LQDE.L and XZBU.L is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.65

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

Correlation (5Y)
Calculated over the trailing 5-year period

0.80

Correlation (All Time)
Calculated using the full available price history since Sep 11, 2020

0.79

The correlation between LQDE.L and XZBU.L shifts across timeframes, from 0.65 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

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iShares $ Corp Bond UCITS ETF USD Distributing

Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C

Often compared with LQDE.L:
LQDE.L vs. VCPA.LLQDE.L vs. SUSD.LLQDE.L vs. IUCB.LLQDE.L vs. USDG.LLQDE.L vs. VAGU.LLQDE.L vs. PRIP.LLQDE.L vs. HYGH
Often compared with XZBU.L:
XZBU.L vs. VCITXZBU.L vs. EXUS.LXZBU.L vs. VCLTXZBU.L vs. VDPA.LXZBU.L vs. IGSD.LXZBU.L vs. SUSD.LXZBU.L vs. GLD

Return for Risk

LQDE.L vs. XZBU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LQDE.L
LQDE.L Risk / Return Rank: 3030
Overall Rank
LQDE.L Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
LQDE.L Sortino Ratio Rank: 2626
Sortino Ratio Rank
LQDE.L Omega Ratio Rank: 2626
Omega Ratio Rank
LQDE.L Calmar Ratio Rank: 3636
Calmar Ratio Rank
LQDE.L Martin Ratio Rank: 3333
Martin Ratio Rank
XZBU.L
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LQDE.L vs. XZBU.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 Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.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.LXZBU.LDifference
Sharpe ratioReturn per unit of total volatility
0.97

—

—

Sortino ratioReturn per unit of downside risk
1.41

—

—

Omega ratioGain probability vs. loss probability

1.17

—

—

Calmar ratioReturn relative to maximum drawdown

1.73

—

—

Martin ratioReturn relative to average drawdown

4.78

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LQDE.L vs. XZBU.L - Sharpe Ratio Comparison

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Sharpe Ratios by Period

LQDE.LXZBU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.97

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.00

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.29

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

—

—

Drawdowns

LQDE.L vs. XZBU.L - Drawdown Comparison

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Drawdown Indicators

LQDE.LXZBU.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.12%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-3.21%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-7.93%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-25.11%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-25.38%

—

—

Current Drawdown

Current decline from peak

-3.85%

—

—

Average Drawdown

Average peak-to-trough decline

-4.70%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.16%

—

—

Volatility

LQDE.L vs. XZBU.L - Volatility Comparison

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Volatility by Period

LQDE.LXZBU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.09%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

4.32%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

5.76%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.44%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.67%

—

—

LQDE.L vs. XZBU.L - Expense Ratio Comparison

LQDE.L has a 0.20% expense ratio, which is higher than XZBU.L's 0.16% expense ratio. However, 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. XZBU.L - Dividend Comparison

LQDE.L's dividend yield for the trailing twelve months is around 4.95%, while XZBU.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
XZBU.L
Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LQDE.L and XZBU.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XZBU.L is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XZBU.L is cheaper with a 0.16% expense ratio, compared with 0.20% for LQDE.L.

LQDE.L tracks Morningstar US Corporate Bond TR USD, while XZBU.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for LQDE.L and 0.16% for XZBU.L.

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