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 7.30% vs -38.74% for IBIT. At a 0.16 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 1.72% return, which is significantly higher than IBIT's -25.48% return.
LQDI
- 1D
- -0.39%
- 1M
- 0.66%
- YTD
- 1.72%
- 6M
- 1.56%
- 1Y
- 7.30%
- 3Y*
- 5.84%
- 5Y*
- 1.93%
- 10Y*
- —
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQDI vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | 1.72% | 8.84% | 1.79% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between LQDI and IBIT is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.16 |
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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.
| LQDI | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.86 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | -0.79 | +3.33 |
| Martin ratioReturn relative to average drawdown | 7.71 | -1.36 | +9.07 |
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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | -0.89 | +2.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.30 | +0.11 |
Drawdowns
LQDI vs. IBIT - Drawdown Comparison
The maximum LQDI drawdown since its inception was -28.99%, smaller than the maximum IBIT drawdown of -49.36%. 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% | -49.36% | +20.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -49.36% | +46.48% |
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 | -0.39% | -48.10% | +47.71% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -16.02% | +10.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 28.44% | -27.49% |
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 9.50%. 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% | 9.50% | -8.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 34.44% | -31.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 43.73% | -38.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.18% | 50.19% | -42.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.84% | 50.19% | -39.35% |
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 4.58%, 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 | 4.58% | 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 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to LQDI (1.20%). In terms of maximum drawdown, LQDI dropped -28.99% vs IBIT's -49.36%.
On 1-year performance, LQDI leads with 7.30% vs -38.74% 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 7.30% return vs -38.74%. 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 4.58%, 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 (1.47 vs -0.89), 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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