XCO2.L vs. LQDH.L
XCO2.L (Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc) and LQDH.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) are both Global Corporate Bonds funds - XCO2.L tracks the Bloomberg Gbl Agg Corp TR USD while LQDH.L tracks the IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD). Both are passively managed. Over the past 5 years, XCO2.L returned -1.30%/yr vs 5.85%/yr for LQDH.L. At a 0.23 correlation, their price movements are largely independent. XCO2.L charges 0.15%/yr vs 0.25%/yr for LQDH.L.
Performance
XCO2.L vs. LQDH.L - Performance Comparison
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Different Trading Currencies
XCO2.L is traded in GBP, while LQDH.L is traded in USD. To make them comparable, the LQDH.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XCO2.L achieves a -1.87% return, which is significantly lower than LQDH.L's 2.61% return.
XCO2.L
- 1D
- -0.12%
- 1M
- -2.28%
- 6M
- -1.87%
- YTD
- -1.87%
- 1Y
- -0.12%
- 3Y*
- 3.39%
- 5Y*
- -1.30%
- 10Y*
- —
LQDH.L
- 1D
- 0.23%
- 1M
- -1.43%
- 6M
- 1.43%
- YTD
- 2.61%
- 1Y
- 4.32%
- 3Y*
- 6.30%
- 5Y*
- 5.85%
- 10Y*
- 4.13%
XCO2.L vs. LQDH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XCO2.L Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc | -1.87% | 5.87% | -0.13% | 3.77% | -10.53% | -9.16% | -7.36% |
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 2.61% | -2.55% | 10.16% | 5.96% | 12.21% | 1.87% | 2.15% |
Correlation
The correlation between XCO2.L and LQDH.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 4, 2020 | 0.23 |
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Return for Risk
XCO2.L vs. LQDH.L — Risk / Return Rank
XCO2.L
LQDH.L
XCO2.L vs. LQDH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.L) and iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L). 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.
| XCO2.L | LQDH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.11 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.06 | -1.10 |
| Martin ratioReturn relative to average drawdown | -0.10 | 2.84 | -2.94 |
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Drawdowns
XCO2.L vs. LQDH.L - Drawdown Comparison
The maximum XCO2.L drawdown since its inception was -29.59%, which is greater than LQDH.L's maximum drawdown of -17.83%. Use the drawdown chart below to compare losses from any high point for XCO2.L and LQDH.L.
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Drawdown Indicators
| XCO2.L | LQDH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.59% | -17.83% | -11.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -4.07% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -13.43% | -9.62% | -3.81% |
Max Drawdown (5Y)Largest decline over 5 years | -17.63% | -10.90% | -6.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.83% | — |
Current DrawdownCurrent decline from peak | -21.16% | -2.51% | -18.65% |
Average DrawdownAverage peak-to-trough decline | -20.14% | -4.31% | -15.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.52% | +0.25% |
Volatility
XCO2.L vs. LQDH.L - Volatility Comparison
The current volatility for Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.L) is 1.16%, while iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) has a volatility of 1.82%. This indicates that XCO2.L experiences smaller price fluctuations and is considered to be less risky than LQDH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCO2.L | LQDH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.82% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 5.37% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 7.01% | -2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.64% | 8.94% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 9.87% | +0.80% |
XCO2.L vs. LQDH.L - Expense Ratio Comparison
XCO2.L has a 0.15% expense ratio, which is lower than LQDH.L'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
XCO2.L vs. LQDH.L - Dividend Comparison
XCO2.L has not paid dividends to shareholders, while LQDH.L's dividend yield for the trailing twelve months is around 4.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.33% | 4.66% | 5.52% | 4.83% | 2.07% | 1.55% | 2.45% | 3.52% | 2.87% | 2.14% | 2.46% | 3.25% |
XCO2.L Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc | 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
XCO2.L and LQDH.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCO2.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCO2.L is cheaper with a 0.15% expense ratio, compared with 0.25% for LQDH.L.
XCO2.L tracks Bloomberg Gbl Agg Corp TR USD, while LQDH.L tracks IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for XCO2.L and 0.25% for LQDH.L.
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