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 7.62% vs -38.74% 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 2.31% return, which is significantly higher than IBIT's -25.48% return.
LQDH
- 1D
- -0.09%
- 1M
- 1.29%
- YTD
- 2.31%
- 6M
- 3.11%
- 1Y
- 7.62%
- 3Y*
- 8.08%
- 5Y*
- 5.28%
- 10Y*
- 4.64%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQDH vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 2.31% | 7.00% | 6.72% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between LQDH and IBIT is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 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.
| LQDH | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.72 | ||
| Sortino ratioReturn per unit of downside risk | +5.53 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 0.86 | +0.70 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | -0.79 | +4.05 |
| Martin ratioReturn relative to average drawdown | 13.85 | -1.36 | +15.22 |
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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.83 | -0.89 | +3.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.30 | +0.29 |
Drawdowns
LQDH vs. IBIT - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, smaller than the maximum IBIT drawdown of -49.36%. 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% | -49.36% | +24.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -49.36% | +47.02% |
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 | -0.09% | -48.10% | +48.01% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -16.02% | +14.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 28.44% | -27.89% |
Volatility
LQDH vs. IBIT - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 0.50%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. 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 | 0.50% | 9.50% | -9.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 34.44% | -32.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.70% | 43.73% | -41.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 50.19% | -45.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 50.19% | -43.75% |
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 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to LQDH (0.50%). In terms of maximum drawdown, LQDH dropped -24.63% vs IBIT's -49.36%.
On 1-year performance, LQDH leads with 7.62% vs -38.74% for IBIT. Both ETFs have the same 0.25% expense ratio. On volatility, LQDH has been the lower-risk option at 0.50%. 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 7.62% return vs -38.74%. 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 (2.83 vs -0.89), 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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