XYLD.L vs. LQDE.L
XYLD.L (Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D) and LQDE.L (iShares $ Corp Bond UCITS ETF USD Distributing) are both Corporate Bonds funds - XYLD.L tracks the Bloomberg US Corp Bond TR USD while LQDE.L tracks the Morningstar US Corporate Bond TR USD. Both are passively managed. Over the past 5 years, XYLD.L returned 1.87%/yr vs 0.00%/yr for LQDE.L. A 0.75 correlation means they provide meaningful diversification when combined. XYLD.L charges 0.16%/yr vs 0.20%/yr for LQDE.L.
Performance
XYLD.L vs. LQDE.L - Performance Comparison
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Returns By Period
In the year-to-date period, XYLD.L achieves a 0.71% return, which is significantly higher than LQDE.L's 0.16% return.
XYLD.L
- 1D
- 0.13%
- 1M
- 0.25%
- YTD
- 0.71%
- 6M
- 1.14%
- 1Y
- 4.16%
- 3Y*
- 5.19%
- 5Y*
- 1.87%
- 10Y*
- —
LQDE.L
- 1D
- 0.48%
- 1M
- 0.47%
- YTD
- 0.16%
- 6M
- 0.43%
- 1Y
- 5.56%
- 3Y*
- 5.02%
- 5Y*
- 0.00%
- 10Y*
- 2.55%
XYLD.L vs. LQDE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XYLD.L Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 0.71% | 6.19% | 4.89% | 5.76% | -8.70% | 0.36% | 10.29% | 17.18% | -1.70% |
LQDE.L iShares $ Corp Bond UCITS ETF USD Distributing | 0.16% | 8.09% | 1.06% | 9.14% | -17.80% | -2.04% | 10.98% | 17.87% | -0.19% |
Correlation
The correlation between XYLD.L and LQDE.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2018 | 0.75 |
The correlation between XYLD.L and LQDE.L shifts across timeframes, from 0.59 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XYLD.L vs. LQDE.L — Risk / Return Rank
XYLD.L
LQDE.L
XYLD.L vs. LQDE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.L) and iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.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.
| XYLD.L | LQDE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.17 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | 1.73 | +2.16 |
| Martin ratioReturn relative to average drawdown | 15.03 | 4.78 | +10.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XYLD.L | LQDE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 0.97 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.00 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.41 | +0.28 |
Drawdowns
XYLD.L vs. LQDE.L - Drawdown Comparison
The maximum XYLD.L drawdown since its inception was -18.93%, smaller than the maximum LQDE.L drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for XYLD.L and LQDE.L.
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Drawdown Indicators
| XYLD.L | LQDE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.93% | -32.12% | +13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -1.07% | -3.21% | +2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -1.42% | -7.93% | +6.51% |
Max Drawdown (5Y)Largest decline over 5 years | -12.38% | -25.11% | +12.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.38% | — |
Current DrawdownCurrent decline from peak | -0.05% | -3.85% | +3.80% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -4.70% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 1.16% | -0.88% |
Volatility
XYLD.L vs. LQDE.L - Volatility Comparison
The current volatility for Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.L) is 0.88%, while iShares $ Corp Bond UCITS ETF USD Distributing (LQDE.L) has a volatility of 2.09%. This indicates that XYLD.L experiences smaller price fluctuations and is considered to be less risky than LQDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XYLD.L | LQDE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 2.09% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 4.32% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 5.76% | -3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.22% | 8.44% | -5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 8.67% | -2.84% |
XYLD.L vs. LQDE.L - Expense Ratio Comparison
XYLD.L has a 0.16% expense ratio, which is lower than LQDE.L's 0.20% 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
XYLD.L vs. LQDE.L - Dividend Comparison
XYLD.L's dividend yield for the trailing twelve months is around 3.76%, less than LQDE.L's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDE.L iShares $ Corp Bond UCITS ETF USD Distributing | 4.95% | 4.89% | 5.02% | 4.58% | 3.74% | 2.68% | 2.77% | 3.42% | 3.69% | 3.25% | 3.40% | 3.36% |
XYLD.L Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 3.76% | 3.61% | 3.34% | 2.88% | 6.03% | 3.88% | 3.78% | 2.92% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XYLD.L and LQDE.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYLD.L is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYLD.L is cheaper with a 0.16% expense ratio, compared with 0.20% for LQDE.L.
XYLD.L tracks Bloomberg US Corp Bond TR USD, while LQDE.L tracks Morningstar US Corporate Bond TR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.16% for XYLD.L and 0.20% for LQDE.L.
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