RDFI vs. LQD
RDFI (Rareview Dynamic Fixed Income ETF) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both exchange-traded funds - RDFI is a Multisector Bonds fund actively managed by Rareview Funds, while LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. RDFI is actively managed, while LQD is passively managed. Over the past 5 years, RDFI returned 2.75%/yr vs -0.24%/yr for LQD. A 0.53 correlation means they provide meaningful diversification when combined. RDFI charges 3.69%/yr vs 0.15%/yr for LQD.
Performance
RDFI vs. LQD - Performance Comparison
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Returns By Period
In the year-to-date period, RDFI achieves a 1.84% return, which is significantly higher than LQD's 0.61% return.
RDFI
- 1D
- -0.13%
- 1M
- 0.88%
- YTD
- 1.84%
- 6M
- 2.22%
- 1Y
- 8.21%
- 3Y*
- 10.11%
- 5Y*
- 2.75%
- 10Y*
- —
LQD
- 1D
- -0.27%
- 1M
- 0.76%
- YTD
- 0.61%
- 6M
- 0.68%
- 1Y
- 5.23%
- 3Y*
- 4.88%
- 5Y*
- -0.24%
- 10Y*
- 2.46%
RDFI vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RDFI Rareview Dynamic Fixed Income ETF | 1.84% | 9.83% | 13.15% | 8.57% | -17.06% | 12.51% | 8.70% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.61% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 3.10% |
Correlation
The correlation between RDFI and LQD is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2020 | 0.53 |
The correlation between RDFI and LQD has been stable across timeframes, ranging from 0.53 to 0.63 - a consistent structural relationship.
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Return for Risk
RDFI vs. LQD — Risk / Return Rank
RDFI
LQD
RDFI vs. LQD - Risk-Adjusted Trends 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.
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.
| RDFI | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.57 | -0.54 |
| Martin ratioReturn relative to average drawdown | 3.73 | 4.40 | -0.66 |
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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.
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Drawdown Indicators
| RDFI | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.71% | -24.95% | +1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.01% | -3.34% | -4.67% |
Max Drawdown (3Y)Largest decline over 3 years | -10.41% | -8.43% | -1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -23.71% | -24.95% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | -2.71% | -3.58% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -7.17% | -3.99% | -3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.19% | +1.01% |
Volatility
RDFI vs. LQD - Volatility Comparison
Rareview Dynamic Fixed Income ETF (RDFI) has a higher volatility of 1.67% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 1.43%. 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.
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Volatility by Period
| RDFI | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.43% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 6.32% | 3.99% | +2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.14% | 5.33% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.16% | 8.65% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 8.69% | -0.75% |
RDFI vs. LQD - Expense Ratio Comparison
RDFI has a 3.69% expense ratio, which is higher than LQD's 0.15% expense ratio.
Dividends
RDFI vs. LQD - Dividend Comparison
RDFI's dividend yield for the trailing twelve months is around 8.29%, more than LQD's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.56% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
RDFI Rareview Dynamic Fixed Income ETF | 8.29% | 8.17% | 8.14% | 7.38% | 4.70% | 6.78% | 1.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RDFI and LQD have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDFI has higher volatility (1.67%) compared to LQD (1.43%). In terms of maximum drawdown, RDFI dropped -23.71% vs LQD's -24.95%.
On 5-year performance, RDFI leads with 2.75% vs -0.24% for LQD. On fees, LQD is cheaper at 0.15% per year. On volatility, LQD has been the lower-risk option at 1.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, RDFI has performed better with a 2.75% return vs -0.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQD is cheaper with a 0.15% expense ratio, compared with 3.69% for RDFI.
RDFI has the higher dividend yield at 8.29%, compared with 4.56% for LQD.
RDFI is categorized as Multisector Bonds, while LQD is Corporate Bonds. They also come from different issuers: Rareview Funds and iShares. Their fees differ too: 3.69% for RDFI and 0.15% for LQD.
RDFI currently has the higher Sharpe Ratio (1.16 vs 0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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