LQDH.L vs. KLMG.L
LQDH.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) and KLMG.L (Lyxor Green Bond UCITS ETF GBP Hedged Dist) are both Global Corporate Bonds funds - LQDH.L tracks the IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD) while KLMG.L tracks the Bloomberg Gbl Agg Corp TR Hdg GBP. Both are passively managed. Over the past 5 years, LQDH.L returned 5.37%/yr vs -1.93%/yr for KLMG.L. At a 0.13 correlation, their price movements are largely independent. LQDH.L charges 0.25%/yr vs 0.30%/yr for KLMG.L.
Performance
LQDH.L vs. KLMG.L - Performance Comparison
Loading charts...
Different Trading Currencies
LQDH.L is traded in USD, while KLMG.L is traded in GBP. To make them comparable, the KLMG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQDH.L achieves a 2.46% return, which is significantly higher than KLMG.L's 0.53% 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%
KLMG.L
- 1D
- -0.21%
- 1M
- 0.26%
- 6M
- 0.77%
- YTD
- 0.53%
- 1Y
- 2.39%
- 3Y*
- 5.14%
- 5Y*
- -1.93%
- 10Y*
- —
LQDH.L vs. KLMG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 2.46% | 4.93% | 8.27% | 11.54% | 0.28% | 0.92% | 3.68% |
KLMG.L Lyxor Green Bond UCITS ETF GBP Hedged Dist | 0.53% | 11.27% | 1.25% | 14.24% | -27.55% | -4.42% | 9.54% |
Correlation
The correlation between LQDH.L and KLMG.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2020 | 0.13 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LQDH.L vs. KLMG.L — Risk / Return Rank
LQDH.L
KLMG.L
LQDH.L vs. KLMG.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 Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.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 | KLMG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.05 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 0.40 | +2.90 |
| Martin ratioReturn relative to average drawdown | 11.26 | 0.97 | +10.29 |
Loading charts...
Drawdowns
LQDH.L vs. KLMG.L - Drawdown Comparison
The maximum LQDH.L drawdown since its inception was -23.77%, smaller than the maximum KLMG.L drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for LQDH.L and KLMG.L.
Loading charts...
Drawdown Indicators
| LQDH.L | KLMG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -39.57% | +15.80% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -5.96% | +4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -10.40% | +7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -6.42% | -39.57% | +33.15% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -11.29% | +10.95% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -16.08% | +14.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 2.45% | -2.04% |
Volatility
LQDH.L vs. KLMG.L - Volatility Comparison
The current volatility for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) is 0.84%, while Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.L) has a volatility of 1.84%. This indicates that LQDH.L experiences smaller price fluctuations and is considered to be less risky than KLMG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LQDH.L | KLMG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.84% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.19% | 6.45% | -4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.18% | 8.48% | -5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 11.36% | -6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.41% | 10.89% | -4.48% |
LQDH.L vs. KLMG.L - Expense Ratio Comparison
LQDH.L has a 0.25% expense ratio, which is lower than KLMG.L's 0.30% expense ratio.
Dividends
LQDH.L vs. KLMG.L - Dividend Comparison
LQDH.L's dividend yield for the trailing twelve months is around 4.33%, more than KLMG.L's 2.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KLMG.L Lyxor Green Bond UCITS ETF GBP Hedged Dist | 2.22% | 2.23% | 2.02% | 1.44% | 1.28% | 1.03% | 0.39% | 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 KLMG.L have a correlation of 0.10, 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 0.30% for KLMG.L.
LQDH.L tracks IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD), while KLMG.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for LQDH.L and 0.30% for KLMG.L.
Find the right allocation for LQDH.L and KLMG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer