LQDH vs. CLOA
Compare and contrast key facts about iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and BlackRock AAA CLO ETF (CLOA).
LQDH and CLOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQDH is an actively managed fund by iShares. It was launched on May 27, 2014. CLOA is an actively managed fund by Blackrock. It was launched on Jan 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQDH or CLOA.
Correlation
The correlation between LQDH and CLOA is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LQDH vs. CLOA - Performance Comparison
Key characteristics
LQDH:
1.14
CLOA:
3.43
LQDH:
1.64
CLOA:
4.59
LQDH:
1.26
CLOA:
2.21
LQDH:
0.93
CLOA:
5.12
LQDH:
5.11
CLOA:
33.25
LQDH:
0.88%
CLOA:
0.17%
LQDH:
3.97%
CLOA:
1.69%
LQDH:
-24.63%
CLOA:
-1.34%
LQDH:
-1.76%
CLOA:
-0.01%
Returns By Period
In the year-to-date period, LQDH achieves a -0.04% return, which is significantly lower than CLOA's 1.05% return.
LQDH
-0.04%
-0.74%
1.32%
4.35%
6.02%
3.56%
CLOA
1.05%
0.26%
2.29%
5.67%
N/A
N/A
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LQDH vs. CLOA - Expense Ratio Comparison
LQDH has a 0.25% expense ratio, which is higher than CLOA'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%.
Risk-Adjusted Performance
LQDH vs. CLOA — Risk-Adjusted Performance Rank
LQDH
CLOA
LQDH vs. CLOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and BlackRock AAA CLO ETF (CLOA). 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.
Dividends
LQDH vs. CLOA - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 7.14%, more than CLOA's 5.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 7.14% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% | 2.19% |
CLOA BlackRock AAA CLO ETF | 5.92% | 6.01% | 5.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LQDH vs. CLOA - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, which is greater than CLOA's maximum drawdown of -1.34%. Use the drawdown chart below to compare losses from any high point for LQDH and CLOA. For additional features, visit the drawdowns tool.
Volatility
LQDH vs. CLOA - Volatility Comparison
iShares Interest Rate Hedged Corporate Bond ETF (LQDH) has a higher volatility of 3.03% compared to BlackRock AAA CLO ETF (CLOA) at 1.49%. This indicates that LQDH's price experiences larger fluctuations and is considered to be riskier than CLOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.