LQDH vs. IGBH
Compare and contrast key facts about iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH).
LQDH and IGBH 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. IGBH is a passively managed fund by iShares that tracks the performance of the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. It was launched on Jul 22, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQDH or IGBH.
Key characteristics
| LQDH | IGBH | |
|---|---|---|
| YTD Return | 4.61% | 4.48% |
| 1Y Return | 8.26% | 8.28% |
| 3Y Return (Ann) | 4.46% | 4.14% |
| 5Y Return (Ann) | 4.33% | 4.54% |
| Sharpe Ratio | 2.77 | 1.87 |
| Daily Std Dev | 3.06% | 4.45% |
| Max Drawdown | -24.63% | -33.67% |
| Current Drawdown | 0.00% | -0.11% |
Correlation
The correlation between LQDH and IGBH is 0.66, 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.
Performance
LQDH vs. IGBH - Performance Comparison
The year-to-date returns for both stocks are quite close, with LQDH having a 4.61% return and IGBH slightly lower at 4.48%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LQDH vs. IGBH - Expense Ratio Comparison
LQDH has a 0.25% expense ratio, which is higher than IGBH's 0.16% 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%.
Risk-Adjusted Performance
LQDH vs. IGBH - 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 Long-Term Corporate Bond ETF (IGBH). 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.
Dividends
LQDH vs. IGBH - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 8.52%, more than IGBH's 7.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 8.52% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% | 2.19% |
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 7.54% | 7.32% | 3.84% | 2.71% | 2.39% | 3.39% | 6.06% | 2.87% | 2.62% | 1.12% | 0.00% |
Drawdowns
LQDH vs. IGBH - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, smaller than the maximum IGBH drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for LQDH and IGBH. For additional features, visit the drawdowns tool.
Volatility
LQDH vs. IGBH - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 0.98%, while iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) has a volatility of 1.89%. This indicates that LQDH experiences smaller price fluctuations and is considered to be less risky than IGBH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.