LQDI vs. FTBFX
LQDI (iShares Inflation Hedged Corporate Bond ETF) and FTBFX (Fidelity Total Bond Fund) are both funds - LQDI is a Inflation-Protected Bonds fund actively managed by iShares, while FTBFX is a Total Bond Market fund managed by Fidelity. Over the past 5 years, LQDI returned 1.93%/yr vs 0.76%/yr for FTBFX. A 0.64 correlation means they provide meaningful diversification when combined. LQDI charges 0.18%/yr vs 0.45%/yr for FTBFX.
Performance
LQDI vs. FTBFX - Performance Comparison
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Returns By Period
In the year-to-date period, LQDI achieves a 1.72% return, which is significantly higher than FTBFX's 0.57% return.
LQDI
- 1D
- -0.39%
- 1M
- 0.66%
- YTD
- 1.72%
- 6M
- 1.56%
- 1Y
- 7.30%
- 3Y*
- 5.84%
- 5Y*
- 1.93%
- 10Y*
- —
FTBFX
- 1D
- 0.00%
- 1M
- 0.47%
- YTD
- 0.57%
- 6M
- 0.40%
- 1Y
- 5.75%
- 3Y*
- 4.84%
- 5Y*
- 0.76%
- 10Y*
- 2.47%
LQDI vs. FTBFX - 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% |
FTBFX Fidelity Total Bond Fund | 0.57% | 7.50% | 2.13% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | 1.25% |
Correlation
The correlation between LQDI and FTBFX is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 11, 2018 | 0.64 |
The correlation between LQDI and FTBFX shifts across timeframes, from 0.62 (1 year) to 0.73 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LQDI vs. FTBFX — Risk / Return Rank
LQDI
FTBFX
LQDI vs. FTBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged Corporate Bond ETF (LQDI) and Fidelity Total Bond Fund (FTBFX). 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 | FTBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 1.99 | +0.55 |
| Martin ratioReturn relative to average drawdown | 7.71 | 6.10 | +1.61 |
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
| LQDI | FTBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.49 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.13 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.93 | -0.52 |
Drawdowns
LQDI vs. FTBFX - Drawdown Comparison
The maximum LQDI drawdown since its inception was -28.99%, which is greater than FTBFX's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for LQDI and FTBFX.
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Drawdown Indicators
| LQDI | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.99% | -18.25% | -10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.89% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -6.27% | -5.82% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -18.25% | -2.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.25% | — |
Current DrawdownCurrent decline from peak | -0.39% | -1.31% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -2.32% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.94% | +0.01% |
Volatility
LQDI vs. FTBFX - Volatility Comparison
The current volatility for iShares Inflation Hedged Corporate Bond ETF (LQDI) is 1.20%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.40%. This indicates that LQDI experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDI | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.40% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 2.80% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 3.88% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.18% | 5.67% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.84% | 4.73% | +6.11% |
LQDI vs. FTBFX - Expense Ratio Comparison
LQDI has a 0.18% expense ratio, which is lower than FTBFX's 0.45% expense ratio.
Dividends
LQDI vs. FTBFX - Dividend Comparison
LQDI's dividend yield for the trailing twelve months is around 4.58%, more than FTBFX's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTBFX Fidelity Total Bond Fund | 4.36% | 4.36% | 4.15% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
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
LQDI and FTBFX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTBFX has higher volatility (1.40%) compared to LQDI (1.20%). In terms of maximum drawdown, LQDI dropped -28.99% vs FTBFX's -18.25%.
FTBFX currently has the higher Sharpe Ratio (1.49 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.
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