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LQDH vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LQDH vs. VOO

Last updated Jun 4, 2026

LQDH (iShares Interest Rate Hedged Corporate Bond ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - LQDH is a Corporate Bonds fund actively managed by iShares, while VOO is a S&P 500 fund tracking the S&P 500 Index. LQDH is actively managed, while VOO is passively managed. Over the past 10 years, LQDH returned 4.64%/yr vs 15.56%/yr for VOO. At a 0.46 correlation, their price movements are largely independent. LQDH charges 0.25%/yr vs 0.03%/yr for VOO.

Performance

LQDH vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LQDH achieves a 2.31% return, which is significantly lower than VOO's 10.91% return. Over the past 10 years, LQDH has underperformed VOO with an annualized return of 4.64%, while VOO has yielded a comparatively higher 15.56% annualized 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%

VOO

1D
-0.70%
1M
5.04%
YTD
10.91%
6M
10.93%
1Y
28.04%
3Y*
22.44%
5Y*
13.90%
10Y*
15.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LQDH vs. VOO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LQDH
iShares Interest Rate Hedged Corporate Bond ETF		2.31%7.00%7.43%11.14%-1.88%1.84%1.68%9.50%-2.20%6.00%
VOO
Vanguard S&P 500 ETF		10.91%17.82%24.98%26.32%-18.17%28.79%18.32%31.37%-4.50%21.77%

Correlation

The correlation between LQDH and VOO is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.58

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Jun 18, 2014

0.46

The correlation between LQDH and VOO shifts across timeframes, from 0.46 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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iShares Interest Rate Hedged Corporate Bond ETF

Vanguard S&P 500 ETF

Often compared with LQDH:
LQDH vs. LQDLQDH vs. SGOVLQDH vs. IGBHLQDH vs. LQDWLQDH vs. IGHGLQDH vs. VRIGLQDH vs. HYGH
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. IVV

Return for Risk

LQDH vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LQDH
LQDH Risk / Return Rank: 8080
Overall Rank
LQDH Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
LQDH Sortino Ratio Rank: 9090
Sortino Ratio Rank
LQDH Omega Ratio Rank: 8888
Omega Ratio Rank
LQDH Calmar Ratio Rank: 6565
Calmar Ratio Rank
LQDH Martin Ratio Rank: 7373
Martin Ratio Rank
VOO
VOO Risk / Return Rank: 7070
Overall Rank
VOO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 7070
Sortino Ratio Rank
VOO Omega Ratio Rank: 7070
Omega Ratio Rank
VOO Calmar Ratio Rank: 6262
Calmar Ratio Rank
VOO Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LQDH vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and Vanguard S&P 500 ETF (VOO). 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.

LQDHVOODifference
Sharpe ratioReturn per unit of total volatility
2.83
2.39

+0.44

Sortino ratioReturn per unit of downside risk
4.30
3.25

+1.05

Omega ratioGain probability vs. loss probability

1.57

1.43

+0.13

Calmar ratioReturn relative to maximum drawdown

3.26

3.16

+0.10

Martin ratioReturn relative to average drawdown

13.85

14.73

-0.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LQDH vs. VOO - Sharpe Ratio Comparison

The current LQDH Sharpe Ratio is 2.83, which is comparable to the VOO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of LQDH and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

LQDHVOODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.83

2.39

+0.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.20

0.83

+0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

0.87

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.89

-0.30

Drawdowns

LQDH vs. VOO - Drawdown Comparison

The maximum LQDH drawdown since its inception was -24.63%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for LQDH and VOO.

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Drawdown Indicators

LQDHVOODifference

Max Drawdown

Largest peak-to-trough decline

-24.63%

-33.99%

+9.36%

Max Drawdown (1Y)

Largest decline over 1 year

-2.34%

-8.90%

+6.56%

Max Drawdown (3Y)

Largest decline over 3 years

-4.86%

-18.69%

+13.83%

Max Drawdown (5Y)

Largest decline over 5 years

-7.08%

-24.52%

+17.44%

Max Drawdown (10Y)

Largest decline over 10 years

-24.63%

-33.99%

+9.36%

Current Drawdown

Current decline from peak

-0.09%

-0.70%

+0.61%

Average Drawdown

Average peak-to-trough decline

-1.68%

-3.69%

+2.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.55%

1.91%

-1.36%

Volatility

LQDH vs. VOO - Volatility Comparison

The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 0.50%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.84%. This indicates that LQDH experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LQDHVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.50%

2.84%

-2.34%

Volatility (6M)

Calculated over the trailing 6-month period

2.03%

8.90%

-6.87%

Volatility (1Y)

Calculated over the trailing 1-year period

2.70%

11.80%

-9.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.41%

16.81%

-12.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.44%

18.01%

-11.57%

LQDH vs. VOO - Expense Ratio Comparison

LQDH has a 0.25% expense ratio, which is higher than VOO's 0.03% 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%.

Dividends

LQDH vs. VOO - Dividend Comparison

LQDH's dividend yield for the trailing twelve months is around 5.95%, more than VOO's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VOO
Vanguard S&P 500 ETF		1.03%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

LQDH and VOO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VOO has higher volatility (2.84%) compared to LQDH (0.50%). In terms of maximum drawdown, LQDH dropped -24.63% vs VOO's -33.99%.

On 10-year performance, VOO leads with 15.56% vs 4.64% for LQDH. On fees, VOO is cheaper at 0.03% per year. On volatility, LQDH has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VOO has performed better with a 15.56% return vs 4.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOO is cheaper with a 0.03% expense ratio, compared with 0.25% for LQDH.

LQDH has the higher dividend yield at 5.95%, compared with 1.03% for VOO.

LQDH is categorized as Corporate Bonds, while VOO is S&P 500. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for LQDH and 0.03% for VOO.

LQDH currently has the higher Sharpe Ratio (2.83 vs 2.39), 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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