LQDH.L vs. CRPU.L
LQDH.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) and CRPU.L (iShares Global Corporate Bond USD Hedged UCITS ETF) are both Global Corporate Bonds funds from iShares - LQDH.L tracks the IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD) while CRPU.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD. Both are passively managed. Over the past 5 years, LQDH.L returned 5.37%/yr vs 0.65%/yr for CRPU.L. At a 0.15 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
LQDH.L vs. CRPU.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 CRPU.L's 0.48% 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%
CRPU.L
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- 0.32%
- YTD
- 0.48%
- 1Y
- 4.17%
- 3Y*
- 5.25%
- 5Y*
- 0.65%
- 10Y*
- —
LQDH.L vs. CRPU.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% | 2.32% |
CRPU.L iShares Global Corporate Bond USD Hedged UCITS ETF | 0.48% | 6.51% | 3.91% | 8.70% | -14.11% | -1.15% | 7.74% | 12.74% | -1.42% | 1.56% |
Correlation
The correlation between LQDH.L and CRPU.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2017 | 0.15 |
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Return for Risk
LQDH.L vs. CRPU.L — Risk / Return Rank
LQDH.L
CRPU.L
LQDH.L vs. CRPU.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 Global Corporate Bond USD Hedged UCITS ETF (CRPU.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 | CRPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 1.45 | +1.84 |
| Martin ratioReturn relative to average drawdown | 11.26 | 4.68 | +6.58 |
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Drawdowns
LQDH.L vs. CRPU.L - Drawdown Comparison
The maximum LQDH.L drawdown since its inception was -23.77%, which is greater than CRPU.L's maximum drawdown of -19.78%. Use the drawdown chart below to compare losses from any high point for LQDH.L and CRPU.L.
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Drawdown Indicators
| LQDH.L | CRPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -19.78% | -3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -2.85% | +1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -4.29% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -6.42% | -19.78% | +13.36% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.95% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -4.46% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.89% | -0.48% |
Volatility
LQDH.L vs. CRPU.L - Volatility Comparison
The current volatility for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) is 0.84%, while iShares Global Corporate Bond USD Hedged UCITS ETF (CRPU.L) has a volatility of 1.21%. This indicates that LQDH.L experiences smaller price fluctuations and is considered to be less risky than CRPU.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 | CRPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.21% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.19% | 3.26% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.18% | 4.09% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 5.98% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.41% | 5.62% | +0.79% |
LQDH.L vs. CRPU.L - Expense Ratio Comparison
Both LQDH.L and CRPU.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LQDH.L vs. CRPU.L - Dividend Comparison
LQDH.L's dividend yield for the trailing twelve months is around 4.33%, while CRPU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRPU.L iShares Global Corporate Bond USD Hedged 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 CRPU.L have a correlation of 0.16, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LQDH.L and CRPU.L have the same expense ratio: 0.25% per year.
LQDH.L tracks IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD), while CRPU.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD.
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