LQDI vs. FXNAX
Compare and contrast key facts about iShares Inflation Hedged Corporate Bond ETF (LQDI) and Fidelity U.S. Bond Index Fund (FXNAX).
LQDI is an actively managed fund by iShares. It was launched on May 8, 2018. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQDI or FXNAX.
Key characteristics
| LQDI | FXNAX | |
|---|---|---|
| YTD Return | -1.30% | -2.79% |
| 1Y Return | 2.52% | -1.08% |
| 3Y Return (Ann) | -0.47% | -3.49% |
| 5Y Return (Ann) | 3.39% | -0.13% |
| Sharpe Ratio | 0.35 | -0.20 |
| Daily Std Dev | 7.73% | 6.72% |
| Max Drawdown | -28.99% | -18.64% |
| Current Drawdown | -9.93% | -12.92% |
Correlation
The correlation between LQDI and FXNAX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
LQDI vs. FXNAX - Performance Comparison
In the year-to-date period, LQDI achieves a -1.30% return, which is significantly higher than FXNAX's -2.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LQDI vs. FXNAX - Expense Ratio Comparison
LQDI has a 0.18% expense ratio, which is higher than FXNAX'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%.
Risk-Adjusted Performance
LQDI vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged Corporate Bond ETF (LQDI) and Fidelity U.S. Bond Index Fund (FXNAX). 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.
Dividends
LQDI vs. FXNAX - Dividend Comparison
LQDI's dividend yield for the trailing twelve months is around 4.33%, more than FXNAX's 2.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.33% | 3.98% | 3.27% | 2.41% | 2.52% | 3.26% | 2.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXNAX Fidelity U.S. Bond Index Fund | 2.91% | 2.91% | 2.43% | 2.06% | 3.07% | 2.67% | 2.73% | 2.58% | 2.54% | 2.75% | 2.59% | 2.39% |
Drawdowns
LQDI vs. FXNAX - Drawdown Comparison
The maximum LQDI drawdown since its inception was -28.99%, which is greater than FXNAX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for LQDI and FXNAX. For additional features, visit the drawdowns tool.
Volatility
LQDI vs. FXNAX - Volatility Comparison
iShares Inflation Hedged Corporate Bond ETF (LQDI) has a higher volatility of 2.08% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.85%. This indicates that LQDI's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.