LQDH.L vs. AGGU.L
LQDH.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) and AGGU.L (iShares Core Global Aggregate Bond UCITS ETF) are both exchange-traded funds - LQDH.L is a Global Corporate Bonds fund tracking the IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD), while AGGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond Index. Both are passively managed. Over the past 5 years, LQDH.L returned 5.37%/yr vs 0.42%/yr for AGGU.L. At a correlation of -0.06, they often move in opposite directions. LQDH.L charges 0.25%/yr vs 0.10%/yr for AGGU.L.
Performance
LQDH.L vs. AGGU.L - Performance Comparison
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Returns By Period
In the year-to-date period, LQDH.L achieves a 2.46% return, which is significantly higher than AGGU.L's 0.52% return.
LQDH.L
- 1D
- 0.07%
- 1M
- -0.21%
- 6M
- 2.01%
- YTD
- 2.46%
- 1Y
- 4.61%
- 3Y*
- 7.42%
- 5Y*
- 5.37%
- 10Y*
- 4.41%
AGGU.L
- 1D
- 0.17%
- 1M
- -0.34%
- 6M
- 0.52%
- YTD
- 0.52%
- 1Y
- 3.18%
- 3Y*
- 4.08%
- 5Y*
- 0.42%
- 10Y*
- —
LQDH.L vs. AGGU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 2.46% | 4.93% | 8.27% | 11.54% | 0.28% | 0.92% | 0.77% | 10.76% | -2.64% | 1.38% |
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 0.52% | 4.68% | 3.54% | 6.65% | -11.53% | -1.81% | 5.15% | 8.16% | 1.56% | 0.24% |
Correlation
The correlation between LQDH.L and AGGU.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | -0.06 |
The correlation between LQDH.L and AGGU.L shifts across timeframes, from -0.06 (all time) to 0.06 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LQDH.L vs. AGGU.L — Risk / Return Rank
LQDH.L
AGGU.L
LQDH.L vs. AGGU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) and iShares Core Global Aggregate Bond UCITS ETF (AGGU.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.
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.
| LQDH.L | AGGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.17 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 1.44 | +1.86 |
| Martin ratioReturn relative to average drawdown | 11.26 | 4.15 | +7.11 |
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Drawdowns
LQDH.L vs. AGGU.L - Drawdown Comparison
The maximum LQDH.L drawdown since its inception was -23.77%, which is greater than AGGU.L's maximum drawdown of -15.55%. Use the drawdown chart below to compare losses from any high point for LQDH.L and AGGU.L.
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Drawdown Indicators
| LQDH.L | AGGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -15.55% | -8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -2.21% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -3.47% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -6.42% | -15.20% | +8.78% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.85% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -3.84% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.76% | -0.35% |
Volatility
LQDH.L vs. AGGU.L - Volatility Comparison
The current volatility for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) is 0.84%, while iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) has a volatility of 1.05%. This indicates that LQDH.L experiences smaller price fluctuations and is considered to be less risky than AGGU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDH.L | AGGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.05% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.19% | 2.77% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.18% | 3.36% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 4.86% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.41% | 4.47% | +1.94% |
LQDH.L vs. AGGU.L - Expense Ratio Comparison
LQDH.L has a 0.25% expense ratio, which is higher than AGGU.L's 0.10% 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
LQDH.L vs. AGGU.L - Dividend Comparison
LQDH.L's dividend yield for the trailing twelve months is around 4.33%, while AGGU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.33% | 4.66% | 5.52% | 4.83% | 2.07% | 1.55% | 2.45% | 3.52% | 2.87% | 2.14% | 2.46% | 3.25% |
Frequently Asked Questions
LQDH.L and AGGU.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGGU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGGU.L is cheaper with a 0.10% expense ratio, compared with 0.25% for LQDH.L.
LQDH.L is categorized as Global Corporate Bonds, while AGGU.L is Global Bonds. LQDH.L tracks IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD), while AGGU.L tracks Bloomberg Global Aggregate Bond Index. Their fees differ too: 0.25% for LQDH.L and 0.10% for AGGU.L.
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