LQDH vs. TSDLX
LQDH (iShares Interest Rate Hedged Corporate Bond ETF) and TSDLX (T. Rowe Price Short Duration Income Fund) are both funds - LQDH is a Corporate Bonds fund actively managed by iShares, while TSDLX is a Short-Term Bond fund managed by T. Rowe Price. Over the past 5 years, LQDH returned 5.28%/yr vs 3.33%/yr for TSDLX. At a 0.03 correlation, their price movements are largely independent. LQDH charges 0.25%/yr vs 0.40%/yr for TSDLX.
Performance
LQDH vs. TSDLX - 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 TSDLX's 0.90% return.
LQDH
- 1D
- -0.09%
- 1M
- 1.29%
- YTD
- 2.31%
- 6M
- 3.11%
- 1Y
- 7.62%
- 3Y*
- 8.08%
- 5Y*
- 5.28%
- 10Y*
- 4.64%
TSDLX
- 1D
- 0.00%
- 1M
- 0.39%
- YTD
- 0.90%
- 6M
- 1.84%
- 1Y
- 6.54%
- 3Y*
- 6.92%
- 5Y*
- 3.33%
- 10Y*
- —
LQDH vs. TSDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 2.31% | 7.00% | 7.43% | 11.14% | -1.88% | 1.84% | 1.18% |
TSDLX T. Rowe Price Short Duration Income Fund | 0.90% | 8.12% | 7.69% | 6.68% | -5.69% | 0.77% | 0.10% |
Correlation
The correlation between LQDH and TSDLX is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.03 |
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Return for Risk
LQDH vs. TSDLX — Risk / Return Rank
LQDH
TSDLX
LQDH vs. TSDLX - 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 Short Duration Income Fund (TSDLX). 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 | TSDLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.99 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 5.28 | -2.02 |
| Martin ratioReturn relative to average drawdown | 13.85 | 22.28 | -8.42 |
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 | TSDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.83 | 3.32 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 1.45 | -0.25 |
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 | 1.48 | -0.90 |
Drawdowns
LQDH vs. TSDLX - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, which is greater than TSDLX's maximum drawdown of -7.86%. Use the drawdown chart below to compare losses from any high point for LQDH and TSDLX.
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Drawdown Indicators
| LQDH | TSDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.63% | -7.86% | -16.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -1.26% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.86% | -1.26% | -3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -7.08% | -7.86% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -24.63% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.11% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -1.68% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.29% | +0.26% |
Volatility
LQDH vs. TSDLX - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 0.50%, while T. Rowe Price Short Duration Income Fund (TSDLX) has a volatility of 0.56%. This indicates that LQDH experiences smaller price fluctuations and is considered to be less risky than TSDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDH | TSDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.56% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 1.41% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.70% | 2.00% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 2.33% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 2.23% | +4.21% |
LQDH vs. TSDLX - Expense Ratio Comparison
LQDH has a 0.25% expense ratio, which is lower than TSDLX's 0.40% expense ratio.
Dividends
LQDH vs. TSDLX - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 5.95%, less than TSDLX's 6.36% 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% |
TSDLX T. Rowe Price Short Duration Income Fund | 6.36% | 6.50% | 6.73% | 4.78% | 1.82% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LQDH and TSDLX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSDLX has higher volatility (0.56%) compared to LQDH (0.50%). In terms of maximum drawdown, LQDH dropped -24.63% vs TSDLX's -7.86%.
TSDLX currently has the higher Sharpe Ratio (3.32 vs 2.83), 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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