LQDS.L vs. TCBT.DE
Compare and contrast key facts about iShares USD Corporate Bond UCITS ETF (Dist) (LQDS.L) and VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE).
LQDS.L and TCBT.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQDS.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Mar 15, 2003. TCBT.DE is a passively managed fund by VanEck that tracks the performance of the iBoxx® SD-KPI EUR Liquid Corporates. It was launched on Mar 9, 2011. Both LQDS.L and TCBT.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
LQDS.L vs. TCBT.DE - Performance Comparison
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LQDS.L vs. TCBT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LQDS.L iShares USD Corporate Bond UCITS ETF (Dist) | 0.57% | 0.56% | 2.80% | 3.05% | -7.97% | -0.39% | 6.90% | 14.25% | -1.55% |
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF | -0.30% | 7.75% | -1.15% | 6.07% | -8.75% | -8.24% | 8.06% | 1.43% | -0.42% |
Different Trading Currencies
LQDS.L is traded in GBp, while TCBT.DE is traded in EUR. To make them comparable, the TCBT.DE 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 0.57% return, which is significantly higher than TCBT.DE's -0.30% return.
LQDS.L
- 1D
- -0.09%
- 1M
- -0.38%
- YTD
- 0.57%
- 6M
- 1.43%
- 1Y
- 1.82%
- 3Y*
- 2.01%
- 5Y*
- 0.91%
- 10Y*
- —
TCBT.DE
- 1D
- 0.55%
- 1M
- -1.14%
- YTD
- -0.30%
- 6M
- -0.11%
- 1Y
- 6.76%
- 3Y*
- 3.59%
- 5Y*
- 0.09%
- 10Y*
- —
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LQDS.L vs. TCBT.DE - Expense Ratio Comparison
LQDS.L has a 0.20% expense ratio, which is higher than TCBT.DE'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%.
Return for Risk
LQDS.L vs. TCBT.DE — Risk / Return Rank
LQDS.L
TCBT.DE
LQDS.L vs. TCBT.DE - 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 VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE). 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 | TCBT.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 1.11 | -0.89 |
Sortino ratioReturn per unit of downside risk | 0.35 | 1.66 | -1.30 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.21 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.64 | -1.30 |
Martin ratioReturn relative to average drawdown | 0.72 | 4.63 | -3.91 |
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
| LQDS.L | TCBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 1.11 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.01 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.06 | +0.18 |
Correlation
The correlation between LQDS.L and TCBT.DE 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.
Dividends
LQDS.L vs. TCBT.DE - Dividend Comparison
LQDS.L's dividend yield for the trailing twelve months is around 4.92%, more than TCBT.DE's 3.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
LQDS.L iShares USD Corporate Bond UCITS ETF (Dist) | 4.92% | 4.92% | 4.91% | 4.66% | 3.68% | 2.63% | 2.95% | 3.51% | 3.57% | 3.39% | 1.64% |
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF | 3.13% | 2.45% | 2.39% | 1.12% | 1.39% | 0.75% | 1.00% | 1.07% | 0.00% | 0.00% | 0.00% |
Drawdowns
LQDS.L vs. TCBT.DE - Drawdown Comparison
The maximum LQDS.L drawdown since its inception was -19.03%, smaller than the maximum TCBT.DE drawdown of -21.69%. Use the drawdown chart below to compare losses from any high point for LQDS.L and TCBT.DE.
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Drawdown Indicators
| LQDS.L | TCBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -16.90% | -2.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.34% | -3.39% | -2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -15.27% | -16.88% | +1.61% |
Current DrawdownCurrent decline from peak | -8.19% | -3.02% | -5.17% |
Average DrawdownAverage peak-to-trough decline | -8.63% | -5.17% | -3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 0.84% | +2.16% |
Volatility
LQDS.L vs. TCBT.DE - Volatility Comparison
The current volatility for iShares USD Corporate Bond UCITS ETF (Dist) (LQDS.L) is 2.24%, while VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) has a volatility of 2.58%. This indicates that LQDS.L experiences smaller price fluctuations and is considered to be less risky than TCBT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDS.L | TCBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 2.58% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 4.31% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.18% | 6.05% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.51% | 6.65% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.16% | 7.14% | +3.02% |