VBCH vs. LQDW
VBCH (Vanguard Target Maturity 2034 Corporate Bond ETF) and LQDW (iShares Investment Grade Corporate Bond Buywrite Strategy ETF) are both Corporate Bonds funds - VBCH tracks the ICE 2034 Maturity US Corporate Constrained Index while LQDW tracks the CBOE LQD BuyWrite Index. Both are passively managed. Their correlation of 0.89 means they have usually moved in the same direction. VBCH charges 0.08%/yr vs 0.34%/yr for LQDW.
Performance
VBCH vs. LQDW - Performance Comparison
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Returns By Period
VBCH
- 1D
- -0.17%
- 1M
- -1.32%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
LQDW
- 1D
- -0.19%
- 1M
- -1.66%
- 6M
- -0.19%
- YTD
- 0.40%
- 1Y
- 3.34%
- 3Y*
- 3.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.26M | $3.68M | $2.25M | |
| $105.55K | $286.07K | $238.96K |
VBCH vs. LQDW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VBCH Vanguard Target Maturity 2034 Corporate Bond ETF | 0.32% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 0.79% |
Correlation
The correlation between VBCH and LQDW is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.89 |
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Return for Risk
VBCH vs. LQDW — Risk / Return Rank
VBCH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LQDW
VBCH vs. LQDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2034 Corporate Bond ETF (VBCH) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW). 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.
| VBCH | LQDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.32 | — |
| Martin ratioReturn relative to average drawdown | — | 4.31 | — |
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Drawdowns
VBCH vs. LQDW - Drawdown Comparison
The maximum VBCH drawdown since its inception was -2.05%, smaller than the maximum LQDW drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for VBCH and LQDW.
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Drawdown Indicators
| VBCH | LQDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.05% | -9.20% | +7.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.59% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.68% | — |
Current DrawdownCurrent decline from peak | -1.80% | -1.90% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -2.28% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.80% | — |
Volatility
VBCH vs. LQDW - Volatility Comparison
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Volatility by Period
| VBCH | LQDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.28% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 3.77% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 5.43% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 5.43% | -0.78% |
VBCH vs. LQDW - Expense Ratio Comparison
VBCH has a 0.08% expense ratio, which is lower than LQDW's 0.34% expense ratio.
Dividends
VBCH vs. LQDW - Dividend Comparison
VBCH's dividend yield for the trailing twelve months is around 1.33%, less than LQDW's 12.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 12.34% | 16.02% | 15.74% | 19.28% | 8.85% |
VBCH Vanguard Target Maturity 2034 Corporate Bond ETF | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VBCH and LQDW have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VBCH is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VBCH is cheaper with a 0.08% expense ratio, compared with 0.34% for LQDW.
LQDW has the higher dividend yield at 12.34%, compared with 1.33% for VBCH.
VBCH tracks ICE 2034 Maturity US Corporate Constrained Index, while LQDW tracks CBOE LQD BuyWrite Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.08% for VBCH and 0.34% for LQDW.
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