WQDV.L vs. LQD
WQDV.L (iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both exchange-traded funds - WQDV.L is a Global Equities fund tracking the MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index, while LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. Both are passively managed. Over the past 5 years, WQDV.L returned 12.29%/yr vs -0.30%/yr for LQD. At a 0.15 correlation, their price movements are largely independent. WQDV.L charges 0.38%/yr vs 0.15%/yr for LQD.
Performance
WQDV.L vs. LQD - Performance Comparison
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Returns By Period
In the year-to-date period, WQDV.L achieves a 13.76% return, which is significantly higher than LQD's 0.87% return.
WQDV.L
- 1D
- 0.00%
- 1M
- 1.40%
- YTD
- 13.76%
- 6M
- 14.45%
- 1Y
- 31.16%
- 3Y*
- 18.65%
- 5Y*
- 12.29%
- 10Y*
- —
LQD
- 1D
- 0.28%
- 1M
- 1.03%
- YTD
- 0.87%
- 6M
- 0.93%
- 1Y
- 5.51%
- 3Y*
- 4.97%
- 5Y*
- -0.30%
- 10Y*
- 2.54%
WQDV.L vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WQDV.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) | 13.76% | 24.16% | 9.75% | 17.23% | -6.95% | 16.00% | -0.07% | 22.73% | -7.80% | 8.45% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.87% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 3.10% |
Correlation
The correlation between WQDV.L and LQD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.15 |
The correlation between WQDV.L and LQD shifts across timeframes, from 0.15 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WQDV.L vs. LQD — Risk / Return Rank
WQDV.L
LQD
WQDV.L vs. LQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDV.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.
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.
| WQDV.L | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.18 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 1.68 | +2.37 |
| Martin ratioReturn relative to average drawdown | 14.99 | 4.72 | +10.27 |
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Drawdowns
WQDV.L vs. LQD - Drawdown Comparison
The maximum WQDV.L drawdown since its inception was -33.16%, which is greater than LQD's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for WQDV.L and LQD.
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Drawdown Indicators
| WQDV.L | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.16% | -24.95% | -8.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -3.34% | -4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.03% | -8.43% | -5.60% |
Max Drawdown (5Y)Largest decline over 5 years | -21.24% | -24.95% | +3.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | -1.05% | -3.32% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -3.99% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.19% | +0.92% |
Volatility
WQDV.L vs. LQD - Volatility Comparison
iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDV.L) has a higher volatility of 3.61% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 1.56%. This indicates that WQDV.L'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
| WQDV.L | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 1.56% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 3.99% | +5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 5.31% | +6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 8.65% | +5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.66% | 8.69% | +5.97% |
WQDV.L vs. LQD - Expense Ratio Comparison
WQDV.L has a 0.38% expense ratio, which is higher than LQD's 0.15% expense ratio.
Dividends
WQDV.L vs. LQD - Dividend Comparison
WQDV.L's dividend yield for the trailing twelve months is around 1.81%, less than LQD's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.55% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
WQDV.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) | 1.81% | 2.31% | 2.58% | 2.78% | 2.95% | 2.75% | 2.81% | 3.01% | 3.28% | 0.77% | 0.00% | 0.00% |
Frequently Asked Questions
WQDV.L and LQD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQD is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQD is cheaper with a 0.15% expense ratio, compared with 0.38% for WQDV.L.
WQDV.L is categorized as Global Equities, while LQD is Corporate Bonds. WQDV.L tracks MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index, while LQD tracks iBoxx $ Liquid Investment Grade Index. Their fees differ too: 0.38% for WQDV.L and 0.15% for LQD.
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