LQDI vs. TIPZ
LQDI (iShares Inflation Hedged Corporate Bond ETF) and TIPZ (PIMCO Broad US TIPS Index ETF) are both Inflation-Protected Bonds funds. LQDI is actively managed, while TIPZ is passively managed. Over the past 5 years, LQDI returned 1.93%/yr vs 0.77%/yr for TIPZ. A 0.65 correlation means they provide meaningful diversification when combined. LQDI charges 0.18%/yr vs 0.20%/yr for TIPZ.
Performance
LQDI vs. TIPZ - 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 TIPZ's 2.58% return.
LQDI
- 1D
- -0.39%
- 1M
- 0.66%
- YTD
- 1.72%
- 6M
- 1.56%
- 1Y
- 7.30%
- 3Y*
- 5.84%
- 5Y*
- 1.93%
- 10Y*
- —
TIPZ
- 1D
- -0.20%
- 1M
- -0.01%
- YTD
- 2.58%
- 6M
- 1.00%
- 1Y
- 5.12%
- 3Y*
- 3.86%
- 5Y*
- 0.77%
- 10Y*
- 2.49%
LQDI vs. TIPZ - 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% | -2.07% |
TIPZ PIMCO Broad US TIPS Index ETF | 2.58% | 5.87% | 1.52% | 3.37% | -12.67% | 5.48% | 10.98% | 8.64% | -0.55% |
Correlation
The correlation between LQDI and TIPZ is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 11, 2018 | 0.65 |
The correlation between LQDI and TIPZ shifts across timeframes, from 0.63 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LQDI vs. TIPZ — Risk / Return Rank
LQDI
TIPZ
LQDI vs. TIPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged Corporate Bond ETF (LQDI) and PIMCO Broad US TIPS Index ETF (TIPZ). 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 | TIPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.36 | +0.18 |
| Martin ratioReturn relative to average drawdown | 7.71 | 7.37 | +0.33 |
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 | TIPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.31 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.12 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.53 | -0.12 |
Drawdowns
LQDI vs. TIPZ - Drawdown Comparison
The maximum LQDI drawdown since its inception was -28.99%, which is greater than TIPZ's maximum drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for LQDI and TIPZ.
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Drawdown Indicators
| LQDI | TIPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.99% | -15.77% | -13.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.18% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -6.27% | -4.74% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -15.77% | -4.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.77% | — |
Current DrawdownCurrent decline from peak | -0.39% | -1.44% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -4.33% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.70% | +0.25% |
Volatility
LQDI vs. TIPZ - Volatility Comparison
iShares Inflation Hedged Corporate Bond ETF (LQDI) has a higher volatility of 1.20% compared to PIMCO Broad US TIPS Index ETF (TIPZ) at 0.96%. This indicates that LQDI's price experiences larger fluctuations and is considered to be riskier than TIPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDI | TIPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.96% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 2.88% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 3.92% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.18% | 6.37% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.84% | 5.84% | +5.00% |
LQDI vs. TIPZ - Expense Ratio Comparison
LQDI has a 0.18% expense ratio, which is lower than TIPZ'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%.
Dividends
LQDI vs. TIPZ - Dividend Comparison
LQDI's dividend yield for the trailing twelve months is around 4.58%, less than TIPZ's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.11% | 4.74% | 4.44% | 4.69% | 7.14% | 4.41% | 1.47% | 1.65% | 2.23% | 1.70% | 1.06% | 0.56% |
Frequently Asked Questions
LQDI and TIPZ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LQDI has higher volatility (1.20%) compared to TIPZ (0.96%). In terms of maximum drawdown, LQDI dropped -28.99% vs TIPZ's -15.77%.
On 5-year performance, LQDI leads with 1.93% vs 0.77% for TIPZ. On fees, LQDI is cheaper at 0.18% per year. On volatility, TIPZ has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, LQDI has performed better with a 1.93% return vs 0.77%. 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 0.20% for TIPZ.
TIPZ has the higher dividend yield at 5.11%, compared with 4.58% for LQDI.
They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.18% for LQDI and 0.20% for TIPZ.
LQDI currently has the higher Sharpe Ratio (1.47 vs 1.31), 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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