LQDH vs. RPELX
LQDH (iShares Interest Rate Hedged Corporate Bond ETF) and RPELX (T. Rowe Price Dynamic Credit Fund) are both funds - LQDH is a Corporate Bonds fund actively managed by iShares, while RPELX is a Nontraditional Bonds fund managed by T. Rowe Price. Over the past 5 years, LQDH returned 5.28%/yr vs 3.05%/yr for RPELX. At a correlation of -0.04, they often move in opposite directions. LQDH charges 0.25%/yr vs 0.56%/yr for RPELX.
Performance
LQDH vs. RPELX - 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 RPELX's 0.19% return.
LQDH
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 2.31%
- 6M
- 3.00%
- 1Y
- 7.55%
- 3Y*
- 8.05%
- 5Y*
- 5.28%
- 10Y*
- 4.64%
RPELX
- 1D
- 0.00%
- 1M
- -0.74%
- YTD
- 0.19%
- 6M
- 0.26%
- 1Y
- 4.59%
- 3Y*
- 5.83%
- 5Y*
- 3.05%
- 10Y*
- —
LQDH vs. RPELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 2.31% | 7.00% | 7.43% | 11.14% | -1.88% | 1.84% | 1.68% | 8.36% |
RPELX T. Rowe Price Dynamic Credit Fund | 0.19% | 7.13% | 7.47% | 2.92% | -0.81% | 6.37% | 2.52% | 7.00% |
Correlation
The correlation between LQDH and RPELX is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | -0.04 |
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Return for Risk
LQDH vs. RPELX — Risk / Return Rank
LQDH
RPELX
LQDH vs. RPELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and T. Rowe Price Dynamic Credit Fund (RPELX). 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 | RPELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.30 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 3.15 | +0.08 |
| Martin ratioReturn relative to average drawdown | 13.73 | 8.43 | +5.30 |
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 | RPELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 1.37 | +1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.82 | +0.39 |
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 | 0.93 | -0.35 |
Drawdowns
LQDH vs. RPELX - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, which is greater than RPELX's maximum drawdown of -19.94%. Use the drawdown chart below to compare losses from any high point for LQDH and RPELX.
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Drawdown Indicators
| LQDH | RPELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.63% | -19.94% | -4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -1.38% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -4.86% | -3.16% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -7.08% | -7.25% | +0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -24.63% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.85% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -1.96% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.52% | +0.03% |
Volatility
LQDH vs. RPELX - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 0.49%, while T. Rowe Price Dynamic Credit Fund (RPELX) has a volatility of 0.74%. This indicates that LQDH experiences smaller price fluctuations and is considered to be less risky than RPELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDH | RPELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.74% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 2.55% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.70% | 3.18% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 3.76% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 4.74% | +1.70% |
LQDH vs. RPELX - Expense Ratio Comparison
LQDH has a 0.25% expense ratio, which is lower than RPELX's 0.56% expense ratio.
Dividends
LQDH vs. RPELX - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 5.95%, less than RPELX's 7.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RPELX T. Rowe Price Dynamic Credit Fund | 7.44% | 7.49% | 6.95% | 4.90% | 8.05% | 5.39% | 7.16% | 4.43% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LQDH and RPELX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPELX has higher volatility (0.74%) compared to LQDH (0.49%). In terms of maximum drawdown, LQDH dropped -24.63% vs RPELX's -19.94%.
LQDH currently has the higher Sharpe Ratio (2.80 vs 1.37), 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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