RDFI vs. LQD
Compare and contrast key facts about Rareview Dynamic Fixed Income ETF (RDFI) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
RDFI and LQD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RDFI is an actively managed fund by Rareview Funds. It was launched on Oct 20, 2020. LQD is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid Investment Grade Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RDFI or LQD.
Key characteristics
| RDFI | LQD | |
|---|---|---|
| YTD Return | 17.24% | 5.85% |
| 1Y Return | 24.52% | 13.69% |
| 3Y Return (Ann) | 1.39% | -2.13% |
| Sharpe Ratio | 2.96 | 1.68 |
| Daily Std Dev | 8.39% | 8.29% |
| Max Drawdown | -23.71% | -24.95% |
| Current Drawdown | 0.00% | -6.78% |
Correlation
The correlation between RDFI and LQD is 0.52, 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.
Performance
RDFI vs. LQD - Performance Comparison
In the year-to-date period, RDFI achieves a 17.24% return, which is significantly higher than LQD's 5.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RDFI vs. LQD - Expense Ratio Comparison
RDFI has a 3.69% expense ratio, which is higher than LQD's 0.15% expense ratio.
Risk-Adjusted Performance
RDFI vs. LQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rareview Dynamic Fixed Income ETF (RDFI) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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.
Dividends
RDFI vs. LQD - Dividend Comparison
RDFI's dividend yield for the trailing twelve months is around 7.63%, more than LQD's 4.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDFI Rareview Dynamic Fixed Income ETF | 7.63% | 7.38% | 4.70% | 6.78% | 1.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.16% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% | 3.83% |
Drawdowns
RDFI vs. LQD - Drawdown Comparison
The maximum RDFI drawdown since its inception was -23.71%, roughly equal to the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for RDFI and LQD. For additional features, visit the drawdowns tool.
Volatility
RDFI vs. LQD - Volatility Comparison
Rareview Dynamic Fixed Income ETF (RDFI) has a higher volatility of 3.11% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 1.32%. This indicates that RDFI's price experiences larger fluctuations and is considered to be riskier than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.