LQDI vs. LQDA

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Inflation Hedged Corporate Bond ETF (LQDI) and Liquidia Corporation (LQDA).

LQDI is an actively managed fund by iShares. It was launched on May 8, 2018.

Performance

LQDI vs. LQDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Inflation Hedged Corporate Bond ETF (LQDI) and Liquidia Corporation (LQDA). The values are adjusted to include any dividend payments, if applicable.

LQDI vs. LQDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LQDI iShares Inflation Hedged Corporate Bond ETF	-0.54%	8.84%	1.48%	8.85%	-15.33%	7.53%	11.82%	15.83%	-3.33%
LQDA Liquidia Corporation	9.42%	193.28%	-2.24%	88.85%	30.80%	65.08%	-30.99%	-80.26%	95.14%

Returns By Period

In the year-to-date period, LQDI achieves a -0.54% return, which is significantly lower than LQDA's 9.42% return.

LQDI

• 1D: 0.56%
• 1M: -1.42%
• YTD: -0.54%
• 6M: -0.68%
• 1Y: 4.41%
• 3Y*: 4.42%
• 5Y*: 2.13%
• 10Y*: —

LQDA

• 1D: 7.28%
• 1M: 21.66%
• YTD: 9.42%
• 6M: 65.96%
• 1Y: 155.86%
• 3Y*: 76.11%
• 5Y*: 68.72%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LQDI vs. LQDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LQDI

LQDI Risk / Return Rank: 41
LQDI Sharpe Ratio Rank: 41
LQDI Sortino Ratio Rank: 38
LQDI Omega Ratio Rank: 35
LQDI Calmar Ratio Rank: 49
LQDI Martin Ratio Rank: 44

LQDA

LQDA Risk / Return Rank: 89
LQDA Sharpe Ratio Rank: 93
LQDA Sortino Ratio Rank: 89
LQDA Omega Ratio Rank: 86
LQDA Calmar Ratio Rank: 91
LQDA Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	0.74	2.28	-1.54
Sortino ratio Return per unit of downside risk	1.03	2.76	-1.72
Omega ratio Gain probability vs. loss probability	1.13	1.34	-0.20
Calmar ratio Return relative to maximum drawdown	1.21	3.97	-2.75
Martin ratio Return relative to average drawdown	4.07	9.04	-4.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LQDI vs. LQDA - Sharpe Ratio Comparison

The current LQDI Sharpe Ratio is 0.74, which is lower than the LQDA Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of LQDI and LQDA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LQDI	LQDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	2.28	-1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.95	-0.69
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.20	+0.18

Correlation

The correlation between LQDI and LQDA is 0.07, 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.

Dividends

LQDI vs. LQDA - Dividend Comparison

LQDI's dividend yield for the trailing twelve months is around 4.57%, while LQDA has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
LQDI iShares Inflation Hedged Corporate Bond ETF	4.57%	4.46%	4.65%	3.98%	3.27%	2.42%	2.34%	3.26%	2.53%
LQDA Liquidia Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	LQDI	LQDA	Difference
Max Drawdown Largest peak-to-trough decline	-28.99%	-93.87%	+64.88%
Max Drawdown (1Y) Largest decline over 1 year	-4.03%	-37.82%	+33.79%
Max Drawdown (5Y) Largest decline over 5 years	-20.67%	-55.36%	+34.69%
Current Drawdown Current decline from peak	-1.87%	-19.06%	+17.19%
Average Drawdown Average peak-to-trough decline	-5.36%	-71.10%	+65.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	16.61%	-15.41%

Volatility

LQDI vs. LQDA - Volatility Comparison

The current volatility for iShares Inflation Hedged Corporate Bond ETF (LQDI) is 2.19%, while Liquidia Corporation (LQDA) has a volatility of 16.81%. 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.

Volatility by Period

	LQDI	LQDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	16.81%	-14.62%
Volatility (6M) Calculated over the trailing 6-month period	3.79%	44.56%	-40.77%
Volatility (1Y) Calculated over the trailing 1-year period	6.01%	68.87%	-62.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.21%	72.66%	-64.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.94%	85.89%	-74.95%