LQDH.L vs. JPMB.L
LQDH.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) and JPMB.L (JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist)) are both Global Bonds funds - LQDH.L tracks the iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) while JPMB.L tracks the JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist). Both are passively managed. Over the past 5 years, LQDH.L returned 5.33%/yr vs 1.32%/yr for JPMB.L. At a 0.32 correlation, their price movements are largely independent. LQDH.L charges 0.25%/yr vs 0.39%/yr for JPMB.L.
Performance
LQDH.L vs. JPMB.L - Performance Comparison
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Returns By Period
In the year-to-date period, LQDH.L achieves a 2.29% return, which is significantly higher than JPMB.L's 1.73% return.
LQDH.L
- 1D
- -0.21%
- 1M
- -0.37%
- 6M
- 1.67%
- YTD
- 2.29%
- 1Y
- 4.74%
- 3Y*
- 7.38%
- 5Y*
- 5.33%
- 10Y*
- 4.37%
JPMB.L
- 1D
- 0.11%
- 1M
- -0.58%
- 6M
- 2.01%
- YTD
- 1.73%
- 1Y
- 9.61%
- 3Y*
- 7.36%
- 5Y*
- 1.32%
- 10Y*
- —
LQDH.L vs. JPMB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 2.29% | 4.93% | 8.27% | 11.54% | 0.28% | 0.92% | 0.77% | 10.76% | -2.51% |
JPMB.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) | 1.73% | 13.29% | 1.97% | 9.51% | -16.15% | -2.40% | 5.30% | 18.66% | -3.06% |
Correlation
The correlation between LQDH.L and JPMB.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.32 |
The correlation between LQDH.L and JPMB.L shifts across timeframes, from 0.19 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LQDH.L vs. JPMB.L — Risk / Return Rank
LQDH.L
JPMB.L
LQDH.L vs. JPMB.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 JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) (JPMB.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 | JPMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 2.16 | +1.12 |
| Martin ratioReturn relative to average drawdown | 11.24 | 9.45 | +1.79 |
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Drawdowns
LQDH.L vs. JPMB.L - Drawdown Comparison
The maximum LQDH.L drawdown since its inception was -23.77%, smaller than the maximum JPMB.L drawdown of -26.70%. Use the drawdown chart below to compare losses from any high point for LQDH.L and JPMB.L.
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Drawdown Indicators
| LQDH.L | JPMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -26.70% | +2.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -4.51% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -7.27% | +4.46% |
Max Drawdown (5Y)Largest decline over 5 years | -6.42% | -25.95% | +19.53% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.71% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -6.95% | +5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.04% | -0.63% |
Volatility
LQDH.L vs. JPMB.L - Volatility Comparison
The current volatility for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) is 0.93%, while JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) (JPMB.L) has a volatility of 1.01%. This indicates that LQDH.L experiences smaller price fluctuations and is considered to be less risky than JPMB.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 | JPMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 1.01% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 4.55% | -2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.19% | 5.41% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 8.48% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.41% | 9.61% | -3.20% |
LQDH.L vs. JPMB.L - Expense Ratio Comparison
LQDH.L has a 0.25% expense ratio, which is lower than JPMB.L's 0.39% expense ratio.
Dividends
LQDH.L vs. JPMB.L - Dividend Comparison
LQDH.L's dividend yield for the trailing twelve months is around 4.34%, less than JPMB.L's 5.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPMB.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) | 5.89% | 5.98% | 5.84% | 5.31% | 5.49% | 4.13% | 4.08% | 4.41% | 4.13% | 0.00% | 0.00% | 0.00% |
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.34% | 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 JPMB.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQDH.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQDH.L is cheaper with a 0.25% expense ratio, compared with 0.39% for JPMB.L.
LQDH.L tracks iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist), while JPMB.L tracks JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist). They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.25% for LQDH.L and 0.39% for JPMB.L.
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