LQGH.L vs. V3GD.L
LQGH.L (iShares $ Corp Bond UCITS ETF GBP Hedged (Dist)) and V3GD.L (Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing) are both Global Corporate Bonds funds - LQGH.L tracks the Markit iBoxx USD Liquid Investment Grade Index while V3GD.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD. Both are passively managed. Over the past 5 years, LQGH.L returned -1.35%/yr vs 1.16%/yr for V3GD.L. At a 0.32 correlation, their price movements are largely independent. LQGH.L charges 0.25%/yr vs 0.15%/yr for V3GD.L.
Performance
LQGH.L vs. V3GD.L - Performance Comparison
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Different Trading Currencies
LQGH.L is traded in GBP, while V3GD.L is traded in USD. To make them comparable, the V3GD.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 -0.88% return, which is significantly lower than V3GD.L's 0.19% return.
LQGH.L
- 1D
- 0.24%
- 1M
- -1.16%
- 6M
- -0.41%
- YTD
- -0.88%
- 1Y
- 3.71%
- 3Y*
- 3.84%
- 5Y*
- -1.35%
- 10Y*
- —
V3GD.L
- 1D
- 0.56%
- 1M
- -2.29%
- 6M
- -0.63%
- YTD
- 0.19%
- 1Y
- 2.93%
- 3Y*
- 4.31%
- 5Y*
- 1.16%
- 10Y*
- —
LQGH.L vs. V3GD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LQGH.L iShares $ Corp Bond UCITS ETF GBP Hedged (Dist) | -0.88% | 7.39% | 1.02% | 7.48% | -18.79% | 2.94% |
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 0.19% | -1.31% | 5.80% | 3.26% | -3.14% | 6.64% |
Correlation
The correlation between LQGH.L and V3GD.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 20, 2021 | 0.32 |
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Return for Risk
LQGH.L vs. V3GD.L — Risk / Return Rank
LQGH.L
V3GD.L
LQGH.L vs. V3GD.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 Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing (V3GD.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 | V3GD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.08 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 0.60 | +0.47 |
| Martin ratioReturn relative to average drawdown | 2.84 | 1.44 | +1.40 |
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Drawdowns
LQGH.L vs. V3GD.L - Drawdown Comparison
The maximum LQGH.L drawdown since its inception was -25.71%, which is greater than V3GD.L's maximum drawdown of -13.75%. Use the drawdown chart below to compare losses from any high point for LQGH.L and V3GD.L.
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Drawdown Indicators
| LQGH.L | V3GD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.71% | -13.75% | -11.96% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -5.21% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -7.99% | -8.71% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | -13.75% | -11.86% |
Current DrawdownCurrent decline from peak | -7.89% | -3.38% | -4.51% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -5.16% | -3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.19% | -0.89% |
Volatility
LQGH.L vs. V3GD.L - Volatility Comparison
The current volatility for iShares $ Corp Bond UCITS ETF GBP Hedged (Dist) (LQGH.L) is 1.39%, while Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing (V3GD.L) has a volatility of 2.20%. This indicates that LQGH.L experiences smaller price fluctuations and is considered to be less risky than V3GD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQGH.L | V3GD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 2.20% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 5.52% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.99% | 6.84% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.68% | 8.75% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.84% | 8.72% | +0.12% |
LQGH.L vs. V3GD.L - Expense Ratio Comparison
LQGH.L has a 0.25% expense ratio, which is higher than V3GD.L'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%.
Dividends
LQGH.L vs. V3GD.L - Dividend Comparison
LQGH.L's dividend yield for the trailing twelve months is around 4.97%, more than V3GD.L's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 4.31% | 4.45% | 4.35% | 4.06% | 2.44% | 0.70% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LQGH.L and V3GD.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GD.L is cheaper with a 0.15% expense ratio, compared with 0.25% for LQGH.L.
LQGH.L tracks Markit iBoxx USD Liquid Investment Grade Index, while V3GD.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for LQGH.L and 0.15% for V3GD.L.
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