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 7.20% vs -43.61% for IBIT. At a 0.25 correlation, their price movements are largely independent. 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 2.25% return, which is significantly higher than IBIT's -31.78% return.
LQDH
- 1D
- -0.20%
- 1M
- 0.14%
- YTD
- 2.25%
- 6M
- 2.30%
- 1Y
- 7.20%
- 3Y*
- 7.78%
- 5Y*
- 5.17%
- 10Y*
- 4.65%
IBIT
- 1D
- -4.08%
- 1M
- -21.16%
- YTD
- -31.78%
- 6M
- -31.52%
- 1Y
- -43.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQDH vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 2.25% | 7.00% | 6.91% |
IBIT iShares Bitcoin Trust ETF | -31.78% | -6.41% | 89.87% |
Correlation
The correlation between LQDH and IBIT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
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 | +3.68 | ||
| Sortino ratioReturn per unit of downside risk | +5.57 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 0.84 | +0.70 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | -0.83 | +3.92 |
| Martin ratioReturn relative to average drawdown | 13.12 | -1.42 | +14.54 |
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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 -52.49%. 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% | -52.49% | +27.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -52.49% | +50.15% |
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 | -0.31% | -52.49% | +52.18% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -16.91% | +15.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 30.76% | -30.21% |
Volatility
LQDH vs. IBIT - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 0.48%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.48%. 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 | 0.48% | 13.48% | -13.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 34.60% | -32.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.68% | 44.48% | -41.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 50.25% | -45.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 50.25% | -43.82% |
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 5.95%, 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 | 5.95% | 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 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.48%) compared to LQDH (0.48%). In terms of maximum drawdown, LQDH dropped -24.63% vs IBIT's -52.49%.
On 1-year performance, LQDH leads with 7.20% vs -43.61% for IBIT. Both ETFs have the same 0.25% expense ratio. On volatility, LQDH has been the lower-risk option at 0.48%. 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 7.20% return vs -43.61%. 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 5.95%, compared with 0.00% for IBIT.
LQDH is categorized as Corporate Bonds, while IBIT is Cryptocurrency.
LQDH currently has the higher Sharpe Ratio (2.70 vs -0.98), 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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