LQDH vs. IBIT
LQDH (iShares Interest Rate Hedged Corporate Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - LQDH is a Corporate Bonds fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. LQDH is actively managed, while IBIT is passively managed. Over the past year, LQDH returned 5.96% vs -43.69% for IBIT. Their 0.25 correlation means their historical movements had little consistent relationship. Both charge a 0.25% expense ratio.
Performance
LQDH vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, LQDH achieves a 2.26% return, which is significantly higher than IBIT's -27.17% return.
LQDH
- 1D
- 0.19%
- 1M
- -0.12%
- 6M
- 1.63%
- YTD
- 2.26%
- 1Y
- 5.96%
- 3Y*
- 7.11%
- 5Y*
- 5.25%
- 10Y*
- 4.53%
- ALL TIME*
- 3.51%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.33B | $1.34B | $1.65B | |
| $6.46M | $4.42M | $3.83M |
LQDH vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 2.26% | 7.00% | 6.91% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between LQDH and IBIT is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.25 |
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Return for Risk
LQDH vs. IBIT — Risk / Return Rank
LQDH
IBIT
LQDH vs. IBIT - 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 Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.29 | ||
| Sortino ratioReturn per unit of downside risk | +4.97 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.84 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | -0.82 | +3.38 |
| Martin ratioReturn relative to average drawdown | 10.41 | -1.26 | +11.67 |
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Drawdowns
LQDH vs. IBIT - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for LQDH and IBIT.
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Drawdown Indicators
| LQDH | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.63% | -53.30% | +28.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -53.30% | +50.96% |
Max Drawdown (3Y)Largest decline over 3 years | -4.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.63% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | -49.28% | +48.98% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -18.29% | +16.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 34.80% | -34.23% |
Volatility
LQDH vs. IBIT - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 0.53%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that LQDH experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDH | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 8.98% | -8.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 33.79% | -31.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 44.48% | -41.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 49.57% | -45.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.42% | 49.57% | -43.15% |
LQDH vs. IBIT - Expense Ratio Comparison
Both LQDH and IBIT have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LQDH vs. IBIT - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 5.92%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 5.92% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
Frequently Asked Questions
LQDH and IBIT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.98%) compared to LQDH (0.53%). In terms of maximum drawdown, LQDH dropped -24.63% vs IBIT's -53.30%.
On 1-year performance, LQDH leads with 5.96% vs -43.69% for IBIT. Both ETFs have the same 0.25% expense ratio. On volatility, LQDH has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LQDH has performed better with a 5.96% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQDH and IBIT have the same expense ratio: 0.25% per year.
LQDH has the higher dividend yield at 5.92%, compared with 0.00% for IBIT.
LQDH is categorized as Corporate Bonds, while IBIT is Cryptocurrency.
LQDH currently has the higher Sharpe Ratio (2.30 vs -0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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