LQDS.L vs. AGG
LQDS.L (iShares USD Corporate Bond UCITS ETF (Dist)) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - LQDS.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 5 years, LQDS.L returned 1.06%/yr vs 1.22%/yr for AGG. A 0.75 correlation means they provide meaningful diversification when combined. LQDS.L charges 0.20%/yr vs 0.03%/yr for AGG.
Performance
LQDS.L vs. AGG - Performance Comparison
Loading charts...
Different Trading Currencies
LQDS.L is traded in GBp, while AGG is traded in USD. To make them comparable, the AGG values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQDS.L achieves a 0.31% return, which is significantly lower than AGG's 0.82% return.
LQDS.L
- 1D
- 0.29%
- 1M
- 1.35%
- YTD
- 0.31%
- 6M
- -0.20%
- 1Y
- 6.56%
- 3Y*
- 2.28%
- 5Y*
- 1.06%
- 10Y*
- —
AGG
- 1D
- 0.16%
- 1M
- 1.14%
- YTD
- 0.82%
- 6M
- -0.21%
- 1Y
- 5.70%
- 3Y*
- 1.40%
- 5Y*
- 1.22%
- 10Y*
- 2.36%
LQDS.L vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDS.L iShares USD Corporate Bond UCITS ETF (Dist) | 0.31% | 0.56% | 2.80% | 3.05% | -7.97% | -0.39% | 6.90% | 14.25% | 1.50% | -2.69% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.82% | -0.44% | 3.08% | 0.37% | -2.68% | -0.84% | 4.32% | 4.33% | 6.03% | -5.40% |
Correlation
The correlation between LQDS.L and AGG is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2016 | 0.75 |
The correlation between LQDS.L and AGG has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LQDS.L vs. AGG — Risk / Return Rank
LQDS.L
AGG
LQDS.L vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Dist) (LQDS.L) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| LQDS.L | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.17 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.08 | +0.26 |
| Martin ratioReturn relative to average drawdown | 3.22 | 2.84 | +0.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LQDS.L | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.92 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.14 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.51 | -0.28 |
Drawdowns
LQDS.L vs. AGG - Drawdown Comparison
The maximum LQDS.L drawdown since its inception was -19.03%, which is greater than AGG's maximum drawdown of -17.60%. Use the drawdown chart below to compare losses from any high point for LQDS.L and AGG.
Loading charts...
Drawdown Indicators
| LQDS.L | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -17.60% | -1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.90% | -5.31% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -8.84% | -8.64% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -15.27% | -14.70% | -0.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.60% | — |
Current DrawdownCurrent decline from peak | -8.43% | -9.62% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -7.11% | -1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.01% | +0.02% |
Volatility
LQDS.L vs. AGG - Volatility Comparison
iShares USD Corporate Bond UCITS ETF (Dist) (LQDS.L) has a higher volatility of 1.71% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.40%. This indicates that LQDS.L's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LQDS.L | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.40% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.86% | 4.82% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 6.23% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.43% | 8.61% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.10% | 9.82% | +0.28% |
LQDS.L vs. AGG - Expense Ratio Comparison
LQDS.L has a 0.20% expense ratio, which is higher than AGG's 0.03% 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
LQDS.L vs. AGG - Dividend Comparison
LQDS.L's dividend yield for the trailing twelve months is around 4.93%, more than AGG's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
LQDS.L iShares USD Corporate Bond UCITS ETF (Dist) | 4.93% | 4.92% | 4.91% | 4.66% | 3.68% | 2.63% | 2.95% | 3.51% | 3.57% | 3.39% | 1.64% | 0.00% |
Frequently Asked Questions
LQDS.L and AGG have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGG is cheaper with a 0.03% expense ratio, compared with 0.20% for LQDS.L.
LQDS.L is categorized as Corporate Bonds, while AGG is Total Bond Market. LQDS.L tracks Bloomberg US Corp Bond TR USD, while AGG tracks Bloomberg U.S. Aggregate Bond Index. Their fees differ too: 0.20% for LQDS.L and 0.03% for AGG.
Find the right allocation for LQDS.L and AGG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer