LQDI vs. HYGH
Compare and contrast key facts about iShares Inflation Hedged Corporate Bond ETF (LQDI) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
LQDI and HYGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQDI is an actively managed fund by iShares. It was launched on May 8, 2018. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQDI or HYGH.
Key characteristics
| LQDI | HYGH | |
|---|---|---|
| YTD Return | -1.78% | 4.44% |
| 1Y Return | 2.42% | 15.32% |
| 3Y Return (Ann) | -0.64% | 6.15% |
| 5Y Return (Ann) | 3.48% | 4.91% |
| Sharpe Ratio | 0.46 | 3.22 |
| Daily Std Dev | 7.59% | 4.59% |
| Max Drawdown | -28.99% | -23.88% |
| Current Drawdown | -10.37% | 0.00% |
Correlation
The correlation between LQDI and HYGH is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LQDI vs. HYGH - Performance Comparison
In the year-to-date period, LQDI achieves a -1.78% return, which is significantly lower than HYGH's 4.44% 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. HYGH - Expense Ratio Comparison
LQDI has a 0.18% expense ratio, which is lower than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
LQDI vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged Corporate Bond ETF (LQDI) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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. HYGH - Dividend Comparison
LQDI's dividend yield for the trailing twelve months is around 4.02%, less than HYGH's 8.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.02% | 3.98% | 3.27% | 2.41% | 2.52% | 3.26% | 2.53% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 8.99% | 8.95% | 6.21% | 3.74% | 4.06% | 4.88% | 6.45% | 4.79% | 4.60% | 5.75% | 3.62% |
Drawdowns
LQDI vs. HYGH - Drawdown Comparison
The maximum LQDI drawdown since its inception was -28.99%, which is greater than HYGH's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for LQDI and HYGH. For additional features, visit the drawdowns tool.
Volatility
LQDI vs. HYGH - Volatility Comparison
iShares Inflation Hedged Corporate Bond ETF (LQDI) has a higher volatility of 1.92% compared to iShares Interest Rate Hedged High Yield Bond ETF (HYGH) at 1.09%. This indicates that LQDI's price experiences larger fluctuations and is considered to be riskier than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.