LQDI vs. LQD
Compare and contrast key facts about iShares Inflation Hedged Corporate Bond ETF (LQDI) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
LQDI and LQD 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. LQD is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid Investment Grade Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQDI or LQD.
Key characteristics
| LQDI | LQD | |
|---|---|---|
| YTD Return | -1.68% | -4.07% |
| 1Y Return | 3.62% | 1.32% |
| 3Y Return (Ann) | -0.60% | -3.99% |
| 5Y Return (Ann) | 3.40% | 0.73% |
| Sharpe Ratio | 0.27 | -0.04 |
| Daily Std Dev | 7.73% | 9.05% |
| Max Drawdown | -28.99% | -24.95% |
| Current Drawdown | -10.28% | -15.52% |
Correlation
The correlation between LQDI and LQD is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
LQDI vs. LQD - Performance Comparison
In the year-to-date period, LQDI achieves a -1.68% return, which is significantly higher than LQD's -4.07% 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. LQD - Expense Ratio Comparison
LQDI has a 0.18% expense ratio, which is higher than LQD's 0.15% 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. LQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged Corporate Bond ETF (LQDI) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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. LQD - Dividend Comparison
LQDI's dividend yield for the trailing twelve months is around 4.34%, more than LQD's 3.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.34% | 3.98% | 3.27% | 2.41% | 2.52% | 3.26% | 2.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 3.99% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% | 3.83% |
Drawdowns
LQDI vs. LQD - Drawdown Comparison
The maximum LQDI drawdown since its inception was -28.99%, which is greater than LQD's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for LQDI and LQD. For additional features, visit the drawdowns tool.
Volatility
LQDI vs. LQD - Volatility Comparison
The current volatility for iShares Inflation Hedged Corporate Bond ETF (LQDI) is 1.93%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 2.30%. This indicates that LQDI experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.