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LQDH vs. HYGH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between LQDH and HYGH is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.5

Performance

LQDH vs. HYGH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). The values are adjusted to include any dividend payments, if applicable.

35.00%40.00%45.00%50.00%55.00%JulyAugustSeptemberOctoberNovemberDecember
38.63%
55.69%
LQDH
HYGH

Key characteristics

Sharpe Ratio

LQDH:

2.76

HYGH:

2.38

Sortino Ratio

LQDH:

4.07

HYGH:

3.28

Omega Ratio

LQDH:

1.56

HYGH:

1.53

Calmar Ratio

LQDH:

4.21

HYGH:

2.86

Martin Ratio

LQDH:

20.93

HYGH:

22.73

Ulcer Index

LQDH:

0.37%

HYGH:

0.47%

Daily Std Dev

LQDH:

2.77%

HYGH:

4.48%

Max Drawdown

LQDH:

-24.63%

HYGH:

-23.88%

Current Drawdown

LQDH:

-0.41%

HYGH:

-0.21%

Returns By Period

In the year-to-date period, LQDH achieves a 7.25% return, which is significantly lower than HYGH's 10.74% return. Over the past 10 years, LQDH has underperformed HYGH with an annualized return of 3.62%, while HYGH has yielded a comparatively higher 4.99% annualized return.


LQDH

YTD

7.25%

1M

0.55%

6M

3.69%

1Y

7.59%

5Y*

4.02%

10Y*

3.62%

HYGH

YTD

10.74%

1M

0.19%

6M

5.61%

1Y

10.26%

5Y*

5.60%

10Y*

4.99%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


LQDH vs. HYGH - Expense Ratio Comparison

LQDH has a 0.25% expense ratio, which is lower than HYGH's 0.53% expense ratio.


HYGH
iShares Interest Rate Hedged High Yield Bond ETF
Expense ratio chart for HYGH: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%
Expense ratio chart for LQDH: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Risk-Adjusted Performance

LQDH vs. HYGH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.


Sharpe ratio
The chart of Sharpe ratio for LQDH, currently valued at 2.76, compared to the broader market0.002.004.002.762.38
The chart of Sortino ratio for LQDH, currently valued at 4.07, compared to the broader market-2.000.002.004.006.008.0010.004.073.28
The chart of Omega ratio for LQDH, currently valued at 1.56, compared to the broader market0.501.001.502.002.503.001.561.53
The chart of Calmar ratio for LQDH, currently valued at 4.21, compared to the broader market0.005.0010.0015.004.212.86
The chart of Martin ratio for LQDH, currently valued at 20.93, compared to the broader market0.0020.0040.0060.0080.00100.0020.9322.73
LQDH
HYGH

The current LQDH Sharpe Ratio is 2.76, which is comparable to the HYGH Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of LQDH and HYGH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
2.76
2.38
LQDH
HYGH

Dividends

LQDH vs. HYGH - Dividend Comparison

LQDH's dividend yield for the trailing twelve months is around 8.44%, less than HYGH's 8.73% yield.


TTM2023202220212020201920182017201620152014
LQDH
iShares Interest Rate Hedged Corporate Bond ETF
7.58%7.69%3.73%1.64%2.22%3.09%5.08%2.37%2.33%2.98%2.19%
HYGH
iShares Interest Rate Hedged High Yield Bond ETF
7.88%8.95%6.21%3.74%4.06%4.89%6.45%4.79%4.59%5.74%3.62%

Drawdowns

LQDH vs. HYGH - Drawdown Comparison

The maximum LQDH drawdown since its inception was -24.63%, roughly equal to the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for LQDH and HYGH. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.41%
-0.21%
LQDH
HYGH

Volatility

LQDH vs. HYGH - Volatility Comparison

The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 0.70%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 0.77%. This indicates that LQDH experiences smaller price fluctuations and is considered to be less risky than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%3.00%JulyAugustSeptemberOctoberNovemberDecember
0.70%
0.77%
LQDH
HYGH
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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