LQDI vs. CLPAX

Last updated Jun 4, 2026

LQDI (iShares Inflation Hedged Corporate Bond ETF) and CLPAX (Catalyst Nasdaq-100 Hedged Equity Fund) are both funds - LQDI is a Inflation-Protected Bonds fund actively managed by iShares, while CLPAX is a Derivative Income fund managed by Catalyst Mutual Funds. Over the past 5 years, LQDI returned 1.93%/yr vs 9.79%/yr for CLPAX. At a 0.24 correlation, their price movements are largely independent. LQDI charges 0.18%/yr vs 1.74%/yr for CLPAX.

Performance

LQDI vs. CLPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Inflation Hedged Corporate Bond ETF (LQDI) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LQDI achieves a 1.72% return, which is significantly lower than CLPAX's 17.67% return.

LQDI

• 1D: -0.39%
• 1M: 0.66%
• YTD: 1.72%
• 6M: 1.56%
• 1Y: 7.30%
• 3Y*: 5.84%
• 5Y*: 1.93%
• 10Y*: —

CLPAX

• 1D: 0.25%
• 1M: 9.92%
• YTD: 17.67%
• 6M: 12.98%
• 1Y: 29.30%
• 3Y*: 17.72%
• 5Y*: 9.79%
• 10Y*: 8.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LQDI vs. CLPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LQDI iShares Inflation Hedged Corporate Bond ETF	1.72%	8.84%	1.48%	8.85%	-15.33%	7.53%	11.82%	15.83%	-2.07%
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund	17.67%	12.32%	11.42%	35.92%	-30.54%	13.11%	5.25%	19.41%	-4.90%

Correlation

The correlation between LQDI and CLPAX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since May 11, 2018	0.24

The correlation between LQDI and CLPAX shifts across timeframes, from 0.24 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LQDI vs. CLPAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LQDI

LQDI Risk / Return Rank: 44
LQDI Sharpe Ratio Rank: 41
LQDI Sortino Ratio Rank: 42
LQDI Omega Ratio Rank: 40
LQDI Calmar Ratio Rank: 51
LQDI Martin Ratio Rank: 47

CLPAX

CLPAX Risk / Return Rank: 44
CLPAX Sharpe Ratio Rank: 56
CLPAX Sortino Ratio Rank: 52
CLPAX Omega Ratio Rank: 48
CLPAX Calmar Ratio Rank: 38
CLPAX Martin Ratio Rank: 27

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.

LQDI vs. CLPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged Corporate Bond ETF (LQDI) and Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX). 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.

	LQDI	CLPAX	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.21	-0.73
Sortino ratio: Return per unit of downside risk	2.16	3.03	-0.88
Omega ratio: Gain probability vs. loss probability	1.26	1.38	-0.12
Calmar ratio: Return relative to maximum drawdown	2.54	2.34	+0.20
Martin ratio: Return relative to average drawdown	7.71	6.55	+1.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LQDI vs. CLPAX - Sharpe Ratio Comparison

The current LQDI Sharpe Ratio is 1.47, which is lower than the CLPAX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of LQDI and CLPAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LQDI	CLPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	2.21	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.62	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.47	-0.07

Drawdowns

LQDI vs. CLPAX - Drawdown Comparison

The maximum LQDI drawdown since its inception was -28.99%, smaller than the maximum CLPAX drawdown of -32.47%. Use the drawdown chart below to compare losses from any high point for LQDI and CLPAX.

Drawdown Indicators

	LQDI	CLPAX	Difference
Max Drawdown Largest peak-to-trough decline	-28.99%	-32.47%	+3.48%
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	-12.87%	+9.99%
Max Drawdown (3Y) Largest decline over 3 years	-6.27%	-18.37%	+12.10%
Max Drawdown (5Y) Largest decline over 5 years	-20.67%	-32.47%	+11.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.47%	—
Current Drawdown Current decline from peak	-0.39%	0.00%	-0.39%
Average Drawdown Average peak-to-trough decline	-5.25%	-8.08%	+2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	4.59%	-3.64%

Volatility

LQDI vs. CLPAX - Volatility Comparison

The current volatility for iShares Inflation Hedged Corporate Bond ETF (LQDI) is 1.20%, while Catalyst Nasdaq-100 Hedged Equity Fund (CLPAX) has a volatility of 4.95%. This indicates that LQDI experiences smaller price fluctuations and is considered to be less risky than CLPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LQDI	CLPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	4.95%	-3.75%
Volatility (6M) Calculated over the trailing 6-month period	3.44%	10.29%	-6.85%
Volatility (1Y) Calculated over the trailing 1-year period	4.97%	13.65%	-8.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.18%	15.82%	-7.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.84%	14.47%	-3.63%

LQDI vs. CLPAX - Expense Ratio Comparison

LQDI has a 0.18% expense ratio, which is lower than CLPAX's 1.74% expense ratio.

Dividends

LQDI vs. CLPAX - Dividend Comparison

LQDI's dividend yield for the trailing twelve months is around 4.58%, less than CLPAX's 7.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLPAX Catalyst Nasdaq-100 Hedged Equity Fund	7.74%	9.10%	0.00%	0.00%	2.68%	0.32%	0.49%	5.41%	0.30%	0.02%	0.00%	17.26%
LQDI iShares Inflation Hedged Corporate Bond ETF	4.58%	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

Can I hold both LQDI and CLPAX in my portfolio?

LQDI and CLPAX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LQDI or CLPAX?

CLPAX has higher volatility (4.95%) compared to LQDI (1.20%). In terms of maximum drawdown, LQDI dropped -28.99% vs CLPAX's -32.47%.

Which has better risk-adjusted returns?

CLPAX currently has the higher Sharpe Ratio (2.21 vs 1.47), 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.