LQDH vs. IGHG
Compare and contrast key facts about iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and ProShares Investment Grade-Interest Rate Hedged (IGHG).
LQDH and IGHG 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. IGHG is a passively managed fund by ProShares that tracks the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. It was launched on Nov 5, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQDH or IGHG.
Key characteristics
| LQDH | IGHG | |
|---|---|---|
| YTD Return | 4.61% | 5.10% |
| 1Y Return | 8.26% | 9.30% |
| 3Y Return (Ann) | 4.46% | 4.80% |
| 5Y Return (Ann) | 4.33% | 4.32% |
| 10Y Return (Ann) | 3.24% | 3.18% |
| Sharpe Ratio | 2.77 | 2.61 |
| Daily Std Dev | 3.06% | 3.60% |
| Max Drawdown | -24.63% | -25.16% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between LQDH and IGHG is 0.50, 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. IGHG - Performance Comparison
In the year-to-date period, LQDH achieves a 4.61% return, which is significantly lower than IGHG's 5.10% return. Both investments have delivered pretty close results over the past 10 years, with LQDH having a 3.24% annualized return and IGHG not far behind at 3.18%. 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. IGHG - Expense Ratio Comparison
LQDH has a 0.25% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Risk-Adjusted Performance
LQDH vs. IGHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and ProShares Investment Grade-Interest Rate Hedged (IGHG). 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. IGHG - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 8.52%, more than IGHG's 5.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.21% | 5.00% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% | 3.59% | 0.55% |
Drawdowns
LQDH vs. IGHG - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, roughly equal to the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for LQDH and IGHG. For additional features, visit the drawdowns tool.
Volatility
LQDH vs. IGHG - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 0.98%, while ProShares Investment Grade-Interest Rate Hedged (IGHG) has a volatility of 1.08%. This indicates that LQDH experiences smaller price fluctuations and is considered to be less risky than IGHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.