LQDH vs. TLT
Compare and contrast key facts about iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and iShares 20+ Year Treasury Bond ETF (TLT).
LQDH and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
LQDH vs. TLT - Performance Comparison
Loading graphics...
LQDH vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | -0.16% | 7.00% | 7.43% | 11.14% | -1.88% | 1.84% | 1.68% | 9.50% | -2.20% | 6.00% |
TLT iShares 20+ Year Treasury Bond ETF | 0.17% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Returns By Period
In the year-to-date period, LQDH achieves a -0.16% return, which is significantly lower than TLT's 0.17% return. Over the past 10 years, LQDH has outperformed TLT with an annualized return of 4.52%, while TLT has yielded a comparatively lower -1.38% annualized return.
LQDH
- 1D
- 0.56%
- 1M
- 0.29%
- YTD
- -0.16%
- 6M
- 1.60%
- 1Y
- 6.38%
- 3Y*
- 7.61%
- 5Y*
- 4.67%
- 10Y*
- 4.52%
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LQDH vs. TLT - Expense Ratio Comparison
LQDH has a 0.25% expense ratio, which is higher than TLT'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%.
Return for Risk
LQDH vs. TLT — Risk / Return Rank
LQDH
TLT
LQDH vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | -0.04 | +1.61 |
Sortino ratioReturn per unit of downside risk | 2.27 | 0.02 | +2.25 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.00 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 0.05 | +1.57 |
Martin ratioReturn relative to average drawdown | 8.22 | 0.11 | +8.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| LQDH | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | -0.04 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | -0.37 | +1.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | -0.09 | +0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.26 | +0.30 |
Correlation
The correlation between LQDH and TLT is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
LQDH vs. TLT - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 6.13%, more than TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 6.13% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
LQDH vs. TLT - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for LQDH and TLT.
Loading graphics...
Drawdown Indicators
| LQDH | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.63% | -48.35% | +23.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -9.23% | +5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -7.08% | -43.70% | +36.62% |
Max Drawdown (10Y)Largest decline over 10 years | -24.63% | -48.35% | +23.72% |
Current DrawdownCurrent decline from peak | -1.10% | -40.17% | +39.07% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -13.62% | +11.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 4.38% | -3.62% |
Volatility
LQDH vs. TLT - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 1.51%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.71%. This indicates that LQDH experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| LQDH | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 3.71% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 6.61% | -4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 11.44% | -7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 15.90% | -11.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.45% | 14.93% | -8.48% |