LQDH vs. IBDS
Compare and contrast key facts about iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and iShares iBonds Dec 2027 Term Corporate ETF (IBDS).
LQDH and IBDS 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. IBDS is a passively managed fund by iShares that tracks the performance of the Bloomberg Barclays December 2027 Maturity Corporate Index. It was launched on Sep 14, 2017.
Performance
LQDH vs. IBDS - Performance Comparison
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LQDH vs. IBDS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | -0.16% | 7.00% | 7.43% | 11.14% | -1.88% | 1.84% | 1.68% | 9.50% | -2.20% | 3.29% |
IBDS iShares iBonds Dec 2027 Term Corporate ETF | 0.53% | 5.86% | 4.61% | 6.44% | -9.52% | -1.56% | 8.95% | 15.08% | -2.76% | 1.14% |
Returns By Period
In the year-to-date period, LQDH achieves a -0.16% return, which is significantly lower than IBDS's 0.53% return.
LQDH
- 1D
- 0.56%
- 1M
- 0.29%
- YTD
- -0.16%
- 6M
- 1.60%
- 1Y
- 6.38%
- 3Y*
- 7.61%
- 5Y*
- 4.67%
- 10Y*
- 4.52%
IBDS
- 1D
- 0.17%
- 1M
- -0.10%
- YTD
- 0.53%
- 6M
- 1.76%
- 1Y
- 4.69%
- 3Y*
- 4.94%
- 5Y*
- 1.60%
- 10Y*
- —
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LQDH vs. IBDS - Expense Ratio Comparison
LQDH has a 0.25% expense ratio, which is higher than IBDS's 0.10% 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%.
Return for Risk
LQDH vs. IBDS — Risk / Return Rank
LQDH
IBDS
LQDH vs. IBDS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and iShares iBonds Dec 2027 Term Corporate ETF (IBDS). 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.
| LQDH | IBDS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 3.06 | -1.50 |
Sortino ratioReturn per unit of downside risk | 2.27 | 4.76 | -2.49 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.78 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 5.20 | -3.57 |
Martin ratioReturn relative to average drawdown | 8.22 | 29.11 | -20.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LQDH | IBDS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 3.06 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.38 | +0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.56 | -0.01 |
Correlation
The correlation between LQDH and IBDS is 0.24, 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.
Dividends
LQDH vs. IBDS - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 6.13%, more than IBDS's 4.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 6.13% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
IBDS iShares iBonds Dec 2027 Term Corporate ETF | 4.33% | 4.36% | 4.37% | 3.81% | 2.87% | 2.19% | 2.66% | 3.32% | 3.66% | 0.97% | 0.00% | 0.00% |
Drawdowns
LQDH vs. IBDS - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, which is greater than IBDS's maximum drawdown of -16.75%. Use the drawdown chart below to compare losses from any high point for LQDH and IBDS.
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Drawdown Indicators
| LQDH | IBDS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.63% | -16.75% | -7.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -0.91% | -2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -7.08% | -14.98% | +7.90% |
Max Drawdown (10Y)Largest decline over 10 years | -24.63% | — | — |
Current DrawdownCurrent decline from peak | -1.10% | -0.10% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -3.43% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.16% | +0.60% |
Volatility
LQDH vs. IBDS - Volatility Comparison
iShares Interest Rate Hedged Corporate Bond ETF (LQDH) has a higher volatility of 1.51% compared to iShares iBonds Dec 2027 Term Corporate ETF (IBDS) at 0.42%. This indicates that LQDH's price experiences larger fluctuations and is considered to be riskier than IBDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDH | IBDS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 0.42% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 0.71% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 1.54% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 4.21% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.45% | 5.60% | +0.85% |