LQDI vs. TLT
LQDI (iShares Inflation Hedged Corporate Bond ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - LQDI is a Inflation-Protected Bonds fund actively managed by iShares, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. LQDI is actively managed, while TLT is passively managed. Over the past 5 years, LQDI returned 0.74%/yr vs -8.33%/yr for TLT. Their 0.58 correlation means they have sometimes moved together and sometimes differently. LQDI charges 0.18%/yr vs 0.15%/yr for TLT.
Performance
LQDI vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, LQDI achieves a -0.16% return, which is significantly higher than TLT's -3.18% return.
LQDI
- 1D
- 0.04%
- 1M
- -1.50%
- 6M
- -0.46%
- YTD
- -0.16%
- 1Y
- 2.23%
- 3Y*
- 4.99%
- 5Y*
- 0.74%
- 10Y*
- —
- ALL TIME*
- 4.05%
TLT
- 1D
- 0.33%
- 1M
- -3.49%
- 6M
- -2.86%
- YTD
- -3.18%
- 1Y
- -2.12%
- 3Y*
- -1.15%
- 5Y*
- -8.33%
- 10Y*
- -2.33%
- ALL TIME*
- 3.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $224.12K | $204.54K | $225.32K | |
| $2.39B | $2.06B | $2.20B |
LQDI vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | -0.16% | 8.84% | 1.48% | 8.85% | -15.33% | 7.53% | 11.82% | 15.83% | -2.07% |
TLT iShares 20+ Year Treasury Bond ETF | -3.18% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | 4.90% |
Correlation
The correlation between LQDI and TLT is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 10, 2018 | 0.58 |
The correlation between LQDI and TLT shifts across timeframes, from 0.58 (all time) to 0.72 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LQDI vs. TLT — Risk / Return Rank
LQDI
TLT
LQDI vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged Corporate Bond ETF (LQDI) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LQDI | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.97 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | -0.28 | +1.05 |
| Martin ratioReturn relative to average drawdown | 2.02 | -0.59 | +2.61 |
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Drawdowns
LQDI vs. TLT - Drawdown Comparison
The maximum LQDI drawdown since its inception was -28.99%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for LQDI and TLT.
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Drawdown Indicators
| LQDI | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.99% | -48.35% | +19.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -7.74% | +4.86% |
Max Drawdown (3Y)Largest decline over 3 years | -5.08% | -14.79% | +9.71% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -43.70% | +23.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -2.24% | -42.17% | +39.93% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -14.00% | +8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 3.60% | -2.49% |
Volatility
LQDI vs. TLT - Volatility Comparison
The current volatility for iShares Inflation Hedged Corporate Bond ETF (LQDI) is 1.27%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.51%. This indicates that LQDI experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDI | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 2.51% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 6.84% | -3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.88% | 9.24% | -4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.13% | 15.74% | -7.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.75% | 14.83% | -4.08% |
LQDI vs. TLT - Expense Ratio Comparison
LQDI has a 0.18% expense ratio, which is higher than TLT'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%.
Dividends
LQDI vs. TLT - Dividend Comparison
LQDI's dividend yield for the trailing twelve months is around 4.67%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.67% | 4.46% | 4.65% | 3.98% | 3.27% | 2.42% | 2.34% | 3.26% | 2.53% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.75% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
LQDI and TLT have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.51%) compared to LQDI (1.27%). In terms of maximum drawdown, LQDI dropped -28.99% vs TLT's -48.35%.
On 5-year performance, LQDI leads with 0.74% vs -8.33% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, LQDI has been the lower-risk option at 1.27%. 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 0.74% return vs -8.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.18% for LQDI.
TLT has the higher dividend yield at 4.75%, compared with 4.67% for LQDI.
LQDI is categorized as Inflation-Protected Bonds, while TLT is Government Bonds. Their fees differ too: 0.18% for LQDI and 0.15% for TLT.
LQDI currently has the higher Sharpe Ratio (0.46 vs -0.23), 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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