LQDI vs. LQDA
LQDI (iShares Inflation Hedged Corporate Bond ETF) is Inflation-Protected Bonds fund actively managed by iShares, while LQDA (Liquidia Corporation) is a stock. Over the past 5 years, LQDI returned 1.93%/yr vs 80.96%/yr for LQDA. At a 0.07 correlation, their price movements are largely independent.
Performance
LQDI vs. LQDA - Performance Comparison
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Returns By Period
In the year-to-date period, LQDI achieves a 1.72% return, which is significantly lower than LQDA's 61.47% return.
LQDI
- 1D
- -0.39%
- 1M
- 0.66%
- YTD
- 1.72%
- 6M
- 1.56%
- 1Y
- 7.30%
- 3Y*
- 5.84%
- 5Y*
- 1.93%
- 10Y*
- —
LQDA
- 1D
- 1.05%
- 1M
- 44.72%
- YTD
- 61.47%
- 6M
- 65.06%
- 1Y
- 236.90%
- 3Y*
- 84.34%
- 5Y*
- 80.96%
- 10Y*
- —
LQDI vs. LQDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | 1.72% | 8.84% | 1.48% | 8.85% | -15.33% | 7.53% | 11.82% | 15.83% | -3.33% |
LQDA Liquidia Corporation | 61.47% | 193.28% | -2.24% | 88.85% | 30.80% | 65.08% | -30.99% | -80.26% | 95.14% |
Correlation
The correlation between LQDI and LQDA is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018 | 0.07 |
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Return for Risk
LQDI vs. LQDA — Risk / Return Rank
LQDI
LQDA
LQDI vs. LQDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged Corporate Bond ETF (LQDI) and Liquidia Corporation (LQDA). 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 | LQDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.45 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 6.69 | -4.15 |
| Martin ratioReturn relative to average drawdown | 7.71 | 14.83 | -7.12 |
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 | LQDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 3.55 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 1.11 | -0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.27 | +0.14 |
Drawdowns
LQDI vs. LQDA - Drawdown Comparison
The maximum LQDI drawdown since its inception was -28.99%, smaller than the maximum LQDA drawdown of -93.87%. Use the drawdown chart below to compare losses from any high point for LQDI and LQDA.
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Drawdown Indicators
| LQDI | LQDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.99% | -93.87% | +64.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -35.66% | +32.78% |
Max Drawdown (3Y)Largest decline over 3 years | -6.27% | -46.80% | +40.53% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -55.36% | +34.69% |
Current DrawdownCurrent decline from peak | -0.39% | -10.22% | +9.83% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -69.76% | +64.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 16.05% | -15.10% |
Volatility
LQDI vs. LQDA - Volatility Comparison
The current volatility for iShares Inflation Hedged Corporate Bond ETF (LQDI) is 1.20%, while Liquidia Corporation (LQDA) has a volatility of 26.78%. This indicates that LQDI experiences smaller price fluctuations and is considered to be less risky than LQDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDI | LQDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 26.78% | -25.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 47.56% | -44.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 67.16% | -62.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.18% | 73.46% | -65.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.84% | 85.70% | -74.86% |
Dividends
LQDI vs. LQDA - Dividend Comparison
LQDI's dividend yield for the trailing twelve months is around 4.58%, while LQDA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LQDA Liquidia Corporation | 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 LQDA have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LQDA has higher volatility (26.78%) compared to LQDI (1.20%). In terms of maximum drawdown, LQDI dropped -28.99% vs LQDA's -93.87%.
LQDA currently has the higher Sharpe Ratio (3.55 vs 1.47), 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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