LQDH.L vs. V3GU.L
LQDH.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) and V3GU.L (Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating) are both Global Corporate Bonds funds - LQDH.L tracks the IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD) while V3GU.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 0.77%/yr for V3GU.L. At a 0.15 correlation, their price movements are largely independent. LQDH.L charges 0.25%/yr vs 0.15%/yr for V3GU.L.
Performance
LQDH.L vs. V3GU.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 V3GU.L's 0.38% 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%
V3GU.L
- 1D
- 0.00%
- 1M
- -0.75%
- 6M
- 0.19%
- YTD
- 0.38%
- 1Y
- 3.71%
- 3Y*
- 5.36%
- 5Y*
- 0.77%
- 10Y*
- —
LQDH.L vs. V3GU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 2.46% | 4.93% | 8.27% | 11.54% | 0.28% | 0.30% |
V3GU.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating | 0.38% | 6.22% | 3.97% | 8.67% | -13.25% | 1.63% |
Correlation
The correlation between LQDH.L and V3GU.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 20, 2021 | 0.15 |
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Return for Risk
LQDH.L vs. V3GU.L — Risk / Return Rank
LQDH.L
V3GU.L
LQDH.L vs. V3GU.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 Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating (V3GU.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 | V3GU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| 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 | 1.49 | +1.81 |
| Martin ratioReturn relative to average drawdown | 11.26 | 5.09 | +6.17 |
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Drawdowns
LQDH.L vs. V3GU.L - Drawdown Comparison
The maximum LQDH.L drawdown since its inception was -23.77%, which is greater than V3GU.L's maximum drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for LQDH.L and V3GU.L.
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Drawdown Indicators
| LQDH.L | V3GU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -19.14% | -4.63% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -2.62% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -3.73% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -6.42% | -19.14% | +12.72% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.93% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -6.23% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.77% | -0.36% |
Volatility
LQDH.L vs. V3GU.L - Volatility Comparison
The current volatility for iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) is 0.84%, while Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating (V3GU.L) has a volatility of 0.91%. This indicates that LQDH.L experiences smaller price fluctuations and is considered to be less risky than V3GU.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 | V3GU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.91% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.19% | 3.25% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.18% | 4.18% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 5.70% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.41% | 5.64% | +0.77% |
LQDH.L vs. V3GU.L - Expense Ratio Comparison
LQDH.L has a 0.25% expense ratio, which is higher than V3GU.L's 0.15% 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. V3GU.L - Dividend Comparison
LQDH.L's dividend yield for the trailing twelve months is around 4.33%, while V3GU.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) | 4.33% | 4.66% | 5.52% | 4.83% | 2.07% | 1.55% | 2.45% | 3.52% | 2.87% | 2.14% | 2.46% | 3.25% |
V3GU.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating | 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 V3GU.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GU.L is cheaper with a 0.15% expense ratio, compared with 0.25% for LQDH.L.
LQDH.L tracks IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD), while V3GU.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for LQDH.L and 0.15% for V3GU.L.
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