VBCE vs. LQDH
VBCE (Vanguard Target Maturity 2031 Corporate Bond ETF) and LQDH (iShares Interest Rate Hedged Corporate Bond ETF) are both Corporate Bonds funds. VBCE is passively managed, while LQDH is actively managed. At a 0.47 correlation, their price movements are largely independent. VBCE charges 0.08%/yr vs 0.25%/yr for LQDH.
Performance
VBCE vs. LQDH - Performance Comparison
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Returns By Period
VBCE
- 1D
- 0.11%
- 1M
- 0.52%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQDH
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.29%
- 6M
- 2.34%
- 1Y
- 7.56%
- 3Y*
- 7.81%
- 5Y*
- 5.18%
- 10Y*
- 4.68%
VBCE vs. LQDH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VBCE Vanguard Target Maturity 2031 Corporate Bond ETF | 1.31% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 2.71% |
Correlation
The correlation between VBCE and LQDH is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.48 |
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Return for Risk
VBCE vs. LQDH — Risk / Return Rank
VBCE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LQDH
VBCE vs. LQDH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2031 Corporate Bond ETF (VBCE) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH). 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.
| VBCE | LQDH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.58 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.24 | — |
| Martin ratioReturn relative to average drawdown | — | 13.77 | — |
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Drawdowns
VBCE vs. LQDH - Drawdown Comparison
The maximum VBCE drawdown since its inception was -1.53%, smaller than the maximum LQDH drawdown of -24.63%. Use the drawdown chart below to compare losses from any high point for VBCE and LQDH.
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Drawdown Indicators
| VBCE | LQDH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.53% | -24.63% | +23.10% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.34% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.86% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.63% | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.27% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -1.67% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.55% | — |
Volatility
VBCE vs. LQDH - Volatility Comparison
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Volatility by Period
| VBCE | LQDH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 2.68% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.82% | 4.41% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.82% | 6.43% | -2.61% |
VBCE vs. LQDH - Expense Ratio Comparison
VBCE has a 0.08% expense ratio, which is lower than LQDH's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VBCE vs. LQDH - Dividend Comparison
VBCE's dividend yield for the trailing twelve months is around 0.47%, less than LQDH's 5.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 5.95% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
VBCE Vanguard Target Maturity 2031 Corporate Bond ETF | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VBCE and LQDH have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VBCE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VBCE is cheaper with a 0.08% expense ratio, compared with 0.25% for LQDH.
LQDH has the higher dividend yield at 5.95%, compared with 0.47% for VBCE.
They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.08% for VBCE and 0.25% for LQDH.
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