LQGH.L vs. LQDH.L
LQGH.L (iShares $ Corp Bond UCITS ETF GBP Hedged (Dist)) and LQDH.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) are both Global Bonds funds from iShares - LQGH.L tracks the iShares $ Corp Bond UCITS ETF GBP Hedged (Dist) while LQDH.L tracks the iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist). Both are passively managed. Over the past 5 years, LQGH.L returned -1.34%/yr vs 5.74%/yr for LQDH.L. At a correlation of -0.03, they often move in opposite directions. Both charge a 0.25% expense ratio.
Performance
LQGH.L vs. LQDH.L - Performance Comparison
Loading charts...
Different Trading Currencies
LQGH.L is traded in GBP, while LQDH.L is traded in USD. To make them comparable, the LQDH.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQGH.L achieves a -0.82% return, which is significantly lower than LQDH.L's 2.08% return.
LQGH.L
- 1D
- 0.30%
- 1M
- -1.10%
- 6M
- -1.05%
- YTD
- -0.82%
- 1Y
- 4.51%
- 3Y*
- 4.10%
- 5Y*
- -1.34%
- 10Y*
- —
LQDH.L
- 1D
- 0.00%
- 1M
- -1.03%
- 6M
- 1.27%
- YTD
- 2.08%
- 1Y
- 3.85%
- 3Y*
- 6.24%
- 5Y*
- 5.74%
- 10Y*
- 4.18%
LQGH.L vs. LQDH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LQGH.L iShares $ Corp Bond UCITS ETF GBP Hedged (Dist) | -0.82% | 7.39% | 1.02% | 7.48% | -18.79% | -1.87% | 8.22% | 15.86% | -1.67% |
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 2.08% | -2.55% | 10.16% | 5.96% | 12.21% | 1.87% | -2.19% | 6.54% | 8.82% |
Correlation
The correlation between LQGH.L and LQDH.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | -0.03 |
The correlation between LQGH.L and LQDH.L shifts across timeframes, from -0.15 (3 years) to -0.03 (all time), reflecting how their relationship changes across market environments.
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
LQGH.L vs. LQDH.L — Risk / Return Rank
LQGH.L
LQDH.L
LQGH.L vs. LQDH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond UCITS ETF GBP Hedged (Dist) (LQGH.L) and iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.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.
| LQGH.L | LQDH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.10 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.97 | +0.26 |
| Martin ratioReturn relative to average drawdown | 3.29 | 2.61 | +0.68 |
Loading charts...
Drawdowns
LQGH.L vs. LQDH.L - Drawdown Comparison
The maximum LQGH.L drawdown since its inception was -25.71%, which is greater than LQDH.L's maximum drawdown of -17.83%. Use the drawdown chart below to compare losses from any high point for LQGH.L and LQDH.L.
Loading charts...
Drawdown Indicators
| LQGH.L | LQDH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.71% | -17.83% | -7.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -4.07% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -7.99% | -9.62% | +1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | -10.90% | -14.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.83% | — |
Current DrawdownCurrent decline from peak | -7.83% | -3.01% | -4.82% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -4.31% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.52% | -0.23% |
Volatility
LQGH.L vs. LQDH.L - Volatility Comparison
The current volatility for iShares $ Corp Bond UCITS ETF GBP Hedged (Dist) (LQGH.L) is 1.40%, while iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) has a volatility of 1.74%. This indicates that LQGH.L experiences smaller price fluctuations and is considered to be less risky than LQDH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LQGH.L | LQDH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.74% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.48% | 5.35% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 6.99% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.68% | 8.95% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.85% | 9.87% | -1.02% |
LQGH.L vs. LQDH.L - Expense Ratio Comparison
Both LQGH.L and LQDH.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
LQGH.L vs. LQDH.L - Dividend Comparison
LQGH.L's dividend yield for the trailing twelve months is around 4.97%, more than LQDH.L's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.34% | 4.66% | 5.52% | 4.83% | 2.07% | 1.55% | 2.45% | 3.52% | 2.87% | 2.14% | 2.46% | 3.25% |
LQGH.L iShares $ Corp Bond UCITS ETF GBP Hedged (Dist) | 4.97% | 4.72% | 4.91% | 4.53% | 3.77% | 2.65% | 2.74% | 3.40% | 2.64% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LQGH.L and LQDH.L have a correlation of -0.11, 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.
LQGH.L and LQDH.L have the same expense ratio: 0.25% per year.
LQGH.L tracks iShares $ Corp Bond UCITS ETF GBP Hedged (Dist), while LQDH.L tracks iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist).
Find the right allocation for LQGH.L and LQDH.L
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