LQDH vs. SHV
Compare and contrast key facts about iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and iShares Short Treasury Bond ETF (SHV).
LQDH and SHV 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. SHV is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Short Treasury Bond Index. It was launched on Jan 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQDH or SHV.
Performance
LQDH vs. SHV - Performance Comparison
Returns By Period
In the year-to-date period, LQDH achieves a 6.72% return, which is significantly higher than SHV's 4.56% return. Over the past 10 years, LQDH has outperformed SHV with an annualized return of 3.61%, while SHV has yielded a comparatively lower 1.63% annualized return.
LQDH
6.72%
0.57%
2.93%
8.22%
4.47%
3.61%
SHV
4.56%
0.36%
2.59%
5.25%
2.27%
1.63%
Key characteristics
| LQDH | SHV | |
|---|---|---|
| Sharpe Ratio | 3.00 | 19.49 |
| Sortino Ratio | 4.48 | 131.42 |
| Omega Ratio | 1.62 | 52.42 |
| Calmar Ratio | 4.65 | 192.96 |
| Martin Ratio | 22.93 | 1,939.51 |
| Ulcer Index | 0.37% | 0.00% |
| Daily Std Dev | 2.82% | 0.27% |
| Max Drawdown | -24.63% | -0.46% |
| Current Drawdown | -0.52% | 0.00% |
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LQDH vs. SHV - Expense Ratio Comparison
LQDH has a 0.25% expense ratio, which is higher than SHV'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%.
Correlation
The correlation between LQDH and SHV is 0.00, 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.
Risk-Adjusted Performance
LQDH vs. SHV - 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 Short Treasury Bond ETF (SHV). 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. SHV - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 8.02%, more than SHV's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 8.02% | 7.69% | 3.73% | 1.64% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% | 2.19% | 0.00% |
SHV iShares Short Treasury Bond ETF | 5.15% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% | 0.00% |
Drawdowns
LQDH vs. SHV - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, which is greater than SHV's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for LQDH and SHV. For additional features, visit the drawdowns tool.
Volatility
LQDH vs. SHV - Volatility Comparison
iShares Interest Rate Hedged Corporate Bond ETF (LQDH) has a higher volatility of 0.85% compared to iShares Short Treasury Bond ETF (SHV) at 0.07%. This indicates that LQDH's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.