VDTA.L vs. LQD
VDTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both exchange-traded funds - VDTA.L is a Government Bonds fund tracking the Bloomberg Global Aggregate US Treasury Float Adjusted index, while LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. Both are passively managed. Over the past 5 years, VDTA.L returned -0.41%/yr vs -0.00%/yr for LQD. A 0.62 correlation means they provide meaningful diversification when combined. VDTA.L charges 0.05%/yr vs 0.15%/yr for LQD.
Performance
VDTA.L vs. LQD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VDTA.L achieves a -0.23% return, which is significantly lower than LQD's 0.67% return.
VDTA.L
- 1D
- 0.21%
- 1M
- 0.17%
- YTD
- -0.23%
- 6M
- 0.10%
- 1Y
- 3.61%
- 3Y*
- 2.87%
- 5Y*
- -0.41%
- 10Y*
- —
LQD
- 1D
- 0.21%
- 1M
- 0.56%
- YTD
- 0.67%
- 6M
- 0.36%
- 1Y
- 5.54%
- 3Y*
- 5.10%
- 5Y*
- -0.00%
- 10Y*
- 2.56%
VDTA.L vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VDTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | -0.23% | 6.25% | 0.93% | 3.71% | -12.37% | -2.33% | 7.64% | 6.63% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.67% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 13.94% |
Correlation
The correlation between VDTA.L and LQD is 0.69, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.62 |
The correlation between VDTA.L and LQD has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VDTA.L vs. LQD — Risk / Return Rank
VDTA.L
LQD
VDTA.L vs. LQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.L) 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.
| VDTA.L | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.66 | -0.43 |
| Martin ratioReturn relative to average drawdown | 3.80 | 4.76 | -0.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VDTA.L | LQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.05 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | -0.00 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.54 | -0.32 |
Drawdowns
VDTA.L vs. LQD - Drawdown Comparison
The maximum VDTA.L drawdown since its inception was -18.82%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for VDTA.L and LQD.
Loading charts...
Drawdown Indicators
| VDTA.L | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -24.95% | +6.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -3.34% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -8.43% | +3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -16.41% | -24.95% | +8.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | -6.97% | -3.51% | -3.46% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -3.99% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.17% | -0.23% |
Volatility
VDTA.L vs. LQD - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.L) is 1.37%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 1.62%. This indicates that VDTA.L experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VDTA.L | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.62% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 3.90% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 5.36% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.57% | 8.64% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 8.68% | -3.33% |
VDTA.L vs. LQD - Expense Ratio Comparison
VDTA.L has a 0.05% expense ratio, which is lower than LQD's 0.15% 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
VDTA.L vs. LQD - Dividend Comparison
VDTA.L has not paid dividends to shareholders, while LQD's dividend yield for the trailing twelve months is around 4.56%.
| 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% |
VDTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.00% | 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
VDTA.L and LQD have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDTA.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDTA.L is cheaper with a 0.05% expense ratio, compared with 0.15% for LQD.
VDTA.L is categorized as Government Bonds, while LQD is Corporate Bonds. VDTA.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted index, while LQD tracks iBoxx $ Liquid Investment Grade Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VDTA.L and 0.15% for LQD.
Find the right allocation for VDTA.L and LQD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer