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LQDH vs. LQD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


LQDHLQD
YTD Return7.28%2.98%
1Y Return10.51%12.92%
3Y Return (Ann)5.23%-3.03%
5Y Return (Ann)4.46%0.61%
10Y Return (Ann)3.56%2.62%
Sharpe Ratio3.731.55
Sortino Ratio5.672.28
Omega Ratio1.811.27
Calmar Ratio5.810.60
Martin Ratio29.355.59
Ulcer Index0.36%2.11%
Daily Std Dev2.83%7.61%
Max Drawdown-24.63%-24.95%
Current Drawdown0.00%-9.30%

Correlation

-0.50.00.51.00.3

The correlation between LQDH and LQD is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

LQDH vs. LQD - Performance Comparison

In the year-to-date period, LQDH achieves a 7.28% return, which is significantly higher than LQD's 2.98% return. Over the past 10 years, LQDH has outperformed LQD with an annualized return of 3.56%, while LQD has yielded a comparatively lower 2.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.88%
5.60%
LQDH
LQD

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LQDH vs. LQD - Expense Ratio Comparison

LQDH has a 0.25% expense ratio, which is higher than LQD's 0.15% 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%.


LQDH
iShares Interest Rate Hedged Corporate Bond ETF
Expense ratio chart for LQDH: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
Expense ratio chart for LQD: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Risk-Adjusted Performance

LQDH vs. LQD - 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 iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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
Sharpe ratio
The chart of Sharpe ratio for LQDH, currently valued at 3.73, compared to the broader market-2.000.002.004.003.73
Sortino ratio
The chart of Sortino ratio for LQDH, currently valued at 5.67, compared to the broader market-2.000.002.004.006.008.0010.0012.005.67
Omega ratio
The chart of Omega ratio for LQDH, currently valued at 1.81, compared to the broader market1.001.502.002.503.001.81
Calmar ratio
The chart of Calmar ratio for LQDH, currently valued at 5.81, compared to the broader market0.005.0010.0015.005.81
Martin ratio
The chart of Martin ratio for LQDH, currently valued at 29.35, compared to the broader market0.0020.0040.0060.0080.00100.0029.35
LQD
Sharpe ratio
The chart of Sharpe ratio for LQD, currently valued at 1.55, compared to the broader market-2.000.002.004.001.55
Sortino ratio
The chart of Sortino ratio for LQD, currently valued at 2.28, compared to the broader market-2.000.002.004.006.008.0010.0012.002.28
Omega ratio
The chart of Omega ratio for LQD, currently valued at 1.27, compared to the broader market1.001.502.002.503.001.27
Calmar ratio
The chart of Calmar ratio for LQD, currently valued at 0.60, compared to the broader market0.005.0010.0015.000.60
Martin ratio
The chart of Martin ratio for LQD, currently valued at 5.59, compared to the broader market0.0020.0040.0060.0080.00100.005.59

LQDH vs. LQD - Sharpe Ratio Comparison

The current LQDH Sharpe Ratio is 3.73, which is higher than the LQD Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of LQDH and LQD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
3.73
1.55
LQDH
LQD

Dividends

LQDH vs. LQD - Dividend Comparison

LQDH's dividend yield for the trailing twelve months is around 7.98%, more than LQD's 4.34% yield.


TTM20232022202120202019201820172016201520142013
LQDH
iShares Interest Rate Hedged Corporate Bond ETF
7.98%7.69%3.73%1.64%2.22%3.09%5.08%2.37%2.33%2.98%2.19%0.00%
LQD
iShares iBoxx $ Investment Grade Corporate Bond ETF
4.34%3.99%3.30%2.30%2.66%3.29%3.67%3.10%3.34%3.47%3.39%3.83%

Drawdowns

LQDH vs. LQD - Drawdown Comparison

The maximum LQDH drawdown since its inception was -24.63%, roughly equal to the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for LQDH and LQD. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-9.30%
LQDH
LQD

Volatility

LQDH vs. LQD - Volatility Comparison

The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 0.84%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 2.50%. This indicates that LQDH experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%JuneJulyAugustSeptemberOctoberNovember
0.84%
2.50%
LQDH
LQD