LQDI vs. NUSA
Compare and contrast key facts about iShares Inflation Hedged Corporate Bond ETF (LQDI) and Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF (NUSA).
LQDI and NUSA 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. NUSA is a passively managed fund by Nuveen that tracks the performance of the ICE BofA Enhanced Yield US Broad Bond (1-5 Y). It was launched on Mar 31, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQDI or NUSA.
Performance
LQDI vs. NUSA - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with LQDI having a 2.98% return and NUSA slightly higher at 3.02%.
LQDI
2.98%
-2.17%
2.85%
8.84%
3.12%
N/A
NUSA
3.02%
-0.66%
2.82%
5.37%
1.24%
N/A
Key characteristics
| LQDI | NUSA | |
|---|---|---|
| Sharpe Ratio | 1.50 | 2.07 |
| Sortino Ratio | 2.20 | 3.18 |
| Omega Ratio | 1.27 | 1.42 |
| Calmar Ratio | 0.69 | 1.18 |
| Martin Ratio | 7.96 | 9.68 |
| Ulcer Index | 1.18% | 0.63% |
| Daily Std Dev | 6.23% | 2.88% |
| Max Drawdown | -28.99% | -9.44% |
| Current Drawdown | -6.02% | -1.47% |
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LQDI vs. NUSA - Expense Ratio Comparison
LQDI has a 0.18% expense ratio, which is lower than NUSA's 0.20% 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%.
Correlation
The correlation between LQDI and NUSA is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
LQDI vs. NUSA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged Corporate Bond ETF (LQDI) and Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF (NUSA). 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. NUSA - Dividend Comparison
LQDI's dividend yield for the trailing twelve months is around 4.52%, more than NUSA's 4.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.52% | 3.99% | 3.26% | 2.42% | 2.52% | 3.26% | 2.52% | 0.00% |
NUSA Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF | 4.13% | 3.54% | 2.44% | 2.16% | 2.51% | 2.85% | 3.22% | 2.21% |
Drawdowns
LQDI vs. NUSA - Drawdown Comparison
The maximum LQDI drawdown since its inception was -28.99%, which is greater than NUSA's maximum drawdown of -9.44%. Use the drawdown chart below to compare losses from any high point for LQDI and NUSA. For additional features, visit the drawdowns tool.
Volatility
LQDI vs. NUSA - Volatility Comparison
iShares Inflation Hedged Corporate Bond ETF (LQDI) has a higher volatility of 2.16% compared to Nuveen Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF (NUSA) at 0.66%. This indicates that LQDI's price experiences larger fluctuations and is considered to be riskier than NUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.