LQDI vs. VTIP
Compare and contrast key facts about iShares Inflation Hedged Corporate Bond ETF (LQDI) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
LQDI and VTIP 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. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LQDI or VTIP.
Performance
LQDI vs. VTIP - Performance Comparison
Returns By Period
In the year-to-date period, LQDI achieves a 2.98% return, which is significantly lower than VTIP's 4.42% return.
LQDI
2.98%
-2.17%
2.85%
8.84%
3.12%
N/A
VTIP
4.42%
-0.27%
2.91%
6.55%
3.51%
2.40%
Key characteristics
| LQDI | VTIP | |
|---|---|---|
| Sharpe Ratio | 1.50 | 3.16 |
| Sortino Ratio | 2.20 | 5.62 |
| Omega Ratio | 1.27 | 1.73 |
| Calmar Ratio | 0.69 | 5.00 |
| Martin Ratio | 7.96 | 24.86 |
| Ulcer Index | 1.18% | 0.27% |
| Daily Std Dev | 6.23% | 2.13% |
| Max Drawdown | -28.99% | -6.27% |
| Current Drawdown | -6.02% | -0.59% |
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LQDI vs. VTIP - Expense Ratio Comparison
LQDI has a 0.18% expense ratio, which is higher than VTIP's 0.04% 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%.
Correlation
The correlation between LQDI and VTIP is 0.50, 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. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged Corporate Bond ETF (LQDI) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
LQDI's dividend yield for the trailing twelve months is around 4.52%, more than VTIP's 3.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.52% | 3.99% | 3.26% | 2.42% | 2.52% | 3.26% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.39% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
LQDI vs. VTIP - Drawdown Comparison
The maximum LQDI drawdown since its inception was -28.99%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for LQDI and VTIP. For additional features, visit the drawdowns tool.
Volatility
LQDI vs. VTIP - Volatility Comparison
iShares Inflation Hedged Corporate Bond ETF (LQDI) has a higher volatility of 2.16% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.49%. This indicates that LQDI's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.