LQDI vs. BNDX
LQDI (iShares Inflation Hedged Corporate Bond ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - LQDI is a Inflation-Protected Bonds fund actively managed by iShares, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). LQDI is actively managed, while BNDX is passively managed. Over the past 5 years, LQDI returned 1.73%/yr vs 0.46%/yr for BNDX. A 0.54 correlation means they provide meaningful diversification when combined. LQDI charges 0.18%/yr vs 0.07%/yr for BNDX.
Performance
LQDI vs. BNDX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with LQDI having a 1.33% return and BNDX slightly lower at 1.27%.
LQDI
- 1D
- 0.02%
- 1M
- 0.38%
- YTD
- 1.33%
- 6M
- 1.56%
- 1Y
- 5.72%
- 3Y*
- 5.41%
- 5Y*
- 1.73%
- 10Y*
- —
BNDX
- 1D
- 0.23%
- 1M
- 0.90%
- YTD
- 1.27%
- 6M
- 1.25%
- 1Y
- 2.23%
- 3Y*
- 4.22%
- 5Y*
- 0.46%
- 10Y*
- 1.74%
LQDI vs. BNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | 1.33% | 8.84% | 1.48% | 8.85% | -15.33% | 7.53% | 11.82% | 15.83% | -2.07% |
BNDX Vanguard Total International Bond ETF | 1.27% | 2.86% | 3.57% | 8.77% | -12.76% | -2.29% | 4.65% | 7.87% | 2.10% |
Correlation
The correlation between LQDI and BNDX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 10, 2018 | 0.54 |
The correlation between LQDI and BNDX shifts across timeframes, from 0.49 (1 year) to 0.61 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LQDI vs. BNDX — Risk / Return Rank
LQDI
BNDX
LQDI vs. BNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged Corporate Bond ETF (LQDI) and Vanguard Total International Bond ETF (BNDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LQDI | BNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 0.76 | +1.23 |
| Martin ratioReturn relative to average drawdown | 5.96 | 2.11 | +3.85 |
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Drawdowns
LQDI vs. BNDX - Drawdown Comparison
The maximum LQDI drawdown since its inception was -28.99%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for LQDI and BNDX.
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Drawdown Indicators
| LQDI | BNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.99% | -16.23% | -12.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.93% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -6.27% | -2.93% | -3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -15.86% | -4.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.23% | — |
Current DrawdownCurrent decline from peak | -0.78% | -0.77% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -3.10% | -2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.06% | -0.10% |
Volatility
LQDI vs. BNDX - Volatility Comparison
iShares Inflation Hedged Corporate Bond ETF (LQDI) has a higher volatility of 1.20% compared to Vanguard Total International Bond ETF (BNDX) at 0.97%. This indicates that LQDI's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDI | BNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.97% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.48% | 2.98% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.96% | 3.46% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.14% | 4.89% | +3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.81% | 4.09% | +6.72% |
LQDI vs. BNDX - Expense Ratio Comparison
LQDI has a 0.18% expense ratio, which is higher than BNDX's 0.07% 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
LQDI vs. BNDX - Dividend Comparison
LQDI's dividend yield for the trailing twelve months is around 4.60%, more than BNDX's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.46% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.60% | 4.46% | 4.65% | 3.98% | 3.27% | 2.42% | 2.34% | 3.26% | 2.53% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LQDI and BNDX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LQDI has higher volatility (1.20%) compared to BNDX (0.97%). In terms of maximum drawdown, LQDI dropped -28.99% vs BNDX's -16.23%.
On 5-year performance, LQDI leads with 1.73% vs 0.46% for BNDX. On fees, BNDX is cheaper at 0.07% per year. On volatility, BNDX has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, LQDI has performed better with a 1.73% return vs 0.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BNDX is cheaper with a 0.07% expense ratio, compared with 0.18% for LQDI.
LQDI has the higher dividend yield at 4.60%, compared with 4.46% for BNDX.
LQDI is categorized as Inflation-Protected Bonds, while BNDX is Global Bonds. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for LQDI and 0.07% for BNDX.
LQDI currently has the higher Sharpe Ratio (1.16 vs 0.65), 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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