LQEE.L vs. HLQD.L
LQEE.L (iShares $ Corp Bond UCITS ETF EUR Hedged (Dist)) and HLQD.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF) are both Global Bonds funds from iShares - LQEE.L tracks the iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) while HLQD.L tracks the iShares $ Corp Bond Interest Rate Hedged UCITS ETF. Both are passively managed. Over the past 5 years, LQEE.L returned -2.88%/yr vs 5.99%/yr for HLQD.L. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.25% expense ratio.
Performance
LQEE.L vs. HLQD.L - Performance Comparison
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Different Trading Currencies
LQEE.L is traded in EUR, while HLQD.L is traded in USD. To make them comparable, the HLQD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQEE.L achieves a -1.87% return, which is significantly lower than HLQD.L's 4.55% return.
LQEE.L
- 1D
- 0.01%
- 1M
- -1.49%
- 6M
- -1.87%
- YTD
- -1.87%
- 1Y
- 2.12%
- 3Y*
- 2.35%
- 5Y*
- -2.88%
- 10Y*
- —
HLQD.L
- 1D
- 0.00%
- 1M
- 0.76%
- 6M
- 3.50%
- YTD
- 4.55%
- 1Y
- 6.07%
- 3Y*
- 6.69%
- 5Y*
- 5.99%
- 10Y*
- —
LQEE.L vs. HLQD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LQEE.L iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) | -1.87% | 5.71% | -0.68% | 6.15% | -20.01% | -2.75% | 8.79% | 14.39% | -1.17% |
HLQD.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF | 4.55% | -7.05% | 15.29% | 7.81% | 6.63% | 8.83% | -7.74% | 13.27% | 1.21% |
Correlation
The correlation between LQEE.L and HLQD.L is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | -0.01 |
The correlation between LQEE.L and HLQD.L shifts across timeframes, from -0.17 (3 years) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LQEE.L vs. HLQD.L — Risk / Return Rank
LQEE.L
HLQD.L
LQEE.L vs. HLQD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) (LQEE.L) and iShares $ Corp Bond Interest Rate Hedged UCITS ETF (HLQD.L). 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.
| LQEE.L | HLQD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.17 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.83 | -1.26 |
| Martin ratioReturn relative to average drawdown | 1.39 | 5.13 | -3.74 |
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Drawdowns
LQEE.L vs. HLQD.L - Drawdown Comparison
The maximum LQEE.L drawdown since its inception was -27.52%, which is greater than HLQD.L's maximum drawdown of -20.89%. Use the drawdown chart below to compare losses from any high point for LQEE.L and HLQD.L.
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Drawdown Indicators
| LQEE.L | HLQD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.52% | -20.89% | -6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -3.41% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -8.17% | -11.31% | +3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -11.31% | -15.74% |
Current DrawdownCurrent decline from peak | -15.14% | -3.83% | -11.31% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -4.38% | -6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.22% | +0.30% |
Volatility
LQEE.L vs. HLQD.L - Volatility Comparison
The current volatility for iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) (LQEE.L) is 1.28%, while iShares $ Corp Bond Interest Rate Hedged UCITS ETF (HLQD.L) has a volatility of 1.43%. This indicates that LQEE.L experiences smaller price fluctuations and is considered to be less risky than HLQD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQEE.L | HLQD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.43% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 4.82% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 6.64% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 8.03% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.89% | 8.75% | +0.14% |
LQEE.L vs. HLQD.L - Expense Ratio Comparison
Both LQEE.L and HLQD.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LQEE.L vs. HLQD.L - Dividend Comparison
LQEE.L's dividend yield for the trailing twelve months is around 5.03%, while HLQD.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HLQD.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQEE.L iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) | 5.03% | 4.75% | 5.02% | 4.58% | 3.79% | 2.69% | 2.69% | 3.45% | 3.76% | 0.65% |
Frequently Asked Questions
LQEE.L and HLQD.L have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LQEE.L and HLQD.L have the same expense ratio: 0.25% per year.
LQEE.L tracks iShares $ Corp Bond UCITS ETF EUR Hedged (Dist), while HLQD.L tracks iShares $ Corp Bond Interest Rate Hedged UCITS ETF.
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