LQDH.L vs. SWDA.L
LQDH.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - LQDH.L is a Global Bonds fund tracking the iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist), while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, LQDH.L returned 4.37%/yr vs 13.08%/yr for SWDA.L. At a 0.44 correlation, their price movements are largely independent. LQDH.L charges 0.25%/yr vs 0.20%/yr for SWDA.L.
Performance
LQDH.L vs. SWDA.L - Performance Comparison
Loading charts...
Different Trading Currencies
LQDH.L is traded in USD, while SWDA.L is traded in GBp. To make them comparable, the SWDA.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 2.29% return, which is significantly lower than SWDA.L's 10.59% return. Over the past 10 years, LQDH.L has underperformed SWDA.L with an annualized return of 4.37%, while SWDA.L has yielded a comparatively higher 13.08% annualized 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%
SWDA.L
- 1D
- 0.59%
- 1M
- 0.70%
- 6M
- 9.50%
- YTD
- 10.59%
- 1Y
- 22.47%
- 3Y*
- 19.10%
- 5Y*
- 11.75%
- 10Y*
- 13.08%
LQDH.L vs. SWDA.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) | 2.29% | 4.93% | 8.27% | 11.54% | 0.28% | 0.92% | 0.77% | 10.76% | -2.64% | 4.56% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.59% | 21.14% | 19.09% | 23.79% | -18.13% | 22.52% | 15.68% | 27.97% | -9.23% | 22.42% |
Correlation
The correlation between LQDH.L and SWDA.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2013 | 0.44 |
The correlation between LQDH.L and SWDA.L shifts across timeframes, from 0.34 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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. SWDA.L — Risk / Return Rank
LQDH.L
SWDA.L
LQDH.L vs. SWDA.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 MSCI World UCITS ETF USD (Acc) (SWDA.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 | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 2.60 | +0.69 |
| Martin ratioReturn relative to average drawdown | 11.24 | 11.09 | +0.15 |
Loading charts...
Drawdowns
LQDH.L vs. SWDA.L - Drawdown Comparison
The maximum LQDH.L drawdown since its inception was -23.77%, smaller than the maximum SWDA.L drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for LQDH.L and SWDA.L.
Loading charts...
Drawdown Indicators
| LQDH.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -45.69% | +21.92% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -8.59% | +7.20% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -17.07% | +14.26% |
Max Drawdown (5Y)Largest decline over 5 years | -6.42% | -26.50% | +20.08% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | -33.61% | +9.84% |
Current DrawdownCurrent decline from peak | -0.51% | 0.00% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -11.15% | +9.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 2.02% | -1.61% |
Volatility
LQDH.L vs. SWDA.L - Volatility Comparison
The current volatility for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) is 0.93%, while iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) has a volatility of 2.88%. This indicates that LQDH.L experiences smaller price fluctuations and is considered to be less risky than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LQDH.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 2.88% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 9.14% | -6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.19% | 11.74% | -8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 15.34% | -10.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.41% | 15.69% | -9.28% |
LQDH.L vs. SWDA.L - Expense Ratio Comparison
LQDH.L has a 0.25% expense ratio, which is higher than SWDA.L's 0.20% 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. SWDA.L - Dividend Comparison
LQDH.L's dividend yield for the trailing twelve months is around 4.34%, while SWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 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
LQDH.L and SWDA.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for LQDH.L.
LQDH.L is categorized as Global Bonds, while SWDA.L is Global Equities. LQDH.L tracks iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist), while SWDA.L tracks MSCI World Index. Their fees differ too: 0.25% for LQDH.L and 0.20% for SWDA.L.
Find the right allocation for LQDH.L and SWDA.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