LQDI vs. IBIT
LQDI (iShares Inflation Hedged Corporate Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - LQDI is a Inflation-Protected Bonds fund actively managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. LQDI is actively managed, while IBIT is passively managed. Over the past year, LQDI returned 5.72% vs -39.82% for IBIT. At a 0.15 correlation, their price movements are largely independent. LQDI charges 0.18%/yr vs 0.25%/yr for IBIT.
Performance
LQDI vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, LQDI achieves a 1.33% return, which is significantly higher than IBIT's -28.88% return.
LQDI
- 1D
- 0.02%
- 1M
- 0.38%
- YTD
- 1.33%
- 6M
- 1.56%
- 1Y
- 5.72%
- 3Y*
- 5.41%
- 5Y*
- 1.73%
- 10Y*
- —
IBIT
- 1D
- -3.26%
- 1M
- -17.81%
- YTD
- -28.88%
- 6M
- -28.88%
- 1Y
- -39.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQDI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | 1.33% | 8.84% | 2.37% |
IBIT iShares Bitcoin Trust ETF | -28.88% | -6.41% | 89.87% |
Correlation
The correlation between LQDI and IBIT is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.15 |
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Return for Risk
LQDI vs. IBIT — Risk / Return Rank
LQDI
IBIT
LQDI vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged Corporate Bond ETF (LQDI) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.86 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | -0.77 | +2.76 |
| Martin ratioReturn relative to average drawdown | 5.96 | -1.30 | +7.26 |
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Drawdowns
LQDI vs. IBIT - Drawdown Comparison
The maximum LQDI drawdown since its inception was -28.99%, smaller than the maximum IBIT drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for LQDI and IBIT.
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Drawdown Indicators
| LQDI | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.99% | -52.11% | +23.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -52.11% | +49.23% |
Max Drawdown (3Y)Largest decline over 3 years | -6.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | — | — |
Current DrawdownCurrent decline from peak | -0.78% | -50.47% | +49.69% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -16.85% | +11.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 30.58% | -29.62% |
Volatility
LQDI vs. IBIT - Volatility Comparison
The current volatility for iShares Inflation Hedged Corporate Bond ETF (LQDI) is 1.20%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.18%. This indicates that LQDI experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDI | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 13.18% | -11.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.48% | 34.64% | -31.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.96% | 44.31% | -39.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.14% | 50.22% | -42.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.81% | 50.22% | -39.41% |
LQDI vs. IBIT - Expense Ratio Comparison
LQDI has a 0.18% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, 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. IBIT - Dividend Comparison
LQDI's dividend yield for the trailing twelve months is around 4.60%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
LQDI and IBIT have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.18%) compared to LQDI (1.20%). In terms of maximum drawdown, LQDI dropped -28.99% vs IBIT's -52.11%.
On 1-year performance, LQDI leads with 5.72% vs -39.82% for IBIT. On fees, LQDI is cheaper at 0.18% per year. On volatility, LQDI has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LQDI has performed better with a 5.72% return vs -39.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQDI is cheaper with a 0.18% expense ratio, compared with 0.25% for IBIT.
LQDI has the higher dividend yield at 4.60%, compared with 0.00% for IBIT.
LQDI is categorized as Inflation-Protected Bonds, while IBIT is Cryptocurrency. Their fees differ too: 0.18% for LQDI and 0.25% for IBIT.
LQDI currently has the higher Sharpe Ratio (1.16 vs -0.90), 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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