LQDH vs. LQDW
Compare and contrast key facts about iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW).
LQDH and LQDW 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. LQDW is a passively managed fund by iShares that tracks the performance of the CBOE LQD BuyWrite Index. It was launched on Aug 18, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQDH or LQDW.
Correlation
The correlation between LQDH and LQDW is 0.34, 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. LQDW - Performance Comparison
Key characteristics
LQDH:
0.96
LQDW:
1.16
LQDH:
1.39
LQDW:
1.63
LQDH:
1.21
LQDW:
1.24
LQDH:
0.79
LQDW:
1.27
LQDH:
4.05
LQDW:
3.96
LQDH:
0.95%
LQDW:
1.44%
LQDH:
4.01%
LQDW:
4.92%
LQDH:
-24.63%
LQDW:
-9.20%
LQDH:
-1.83%
LQDW:
-0.15%
Returns By Period
In the year-to-date period, LQDH achieves a -0.10% return, which is significantly lower than LQDW's 3.04% return.
LQDH
-0.10%
2.01%
0.64%
3.87%
6.38%
3.56%
LQDW
3.04%
1.99%
3.26%
5.65%
N/A
N/A
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LQDH vs. LQDW - Expense Ratio Comparison
LQDH has a 0.25% expense ratio, which is lower than LQDW's 0.34% expense ratio.
Risk-Adjusted Performance
LQDH vs. LQDW — Risk-Adjusted Performance Rank
LQDH
LQDW
LQDH vs. LQDW - 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 Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW). 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. LQDW - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 7.05%, less than LQDW's 16.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 7.05% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% | 2.19% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 16.33% | 15.74% | 19.28% | 8.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LQDH vs. LQDW - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, which is greater than LQDW's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for LQDH and LQDW. For additional features, visit the drawdowns tool.
Volatility
LQDH vs. LQDW - Volatility Comparison
iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) have volatilities of 2.55% and 2.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.