iShares Interest Rate Hedged Corporate Bond ETF (LQDH) Performance
LQDH total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.1% since Dec 31, 2025
- 1 year
- +4.3% total return
- 5 years
- +5.2% a year
- 10 years
- +4.5% a year
- Since first price
- +3.5% a year since 2014
LQDH trailing returns vs AGG, TLT, SPY
| Period | LQDH total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −0.3% | −0.8% | +0.9% | +1.5% | −1.0% |
| 3 months | +1.3% | −0.2% | −0.4% | −1.0% | +3.2% |
| 6 months | +2.2% | −0.7% | −1.5% | −3.8% | +7.8% |
| YTD | +3.1% | −1.3% | −1.0% | −3.4% | +12.3% |
| 1 year | +4.3% | −1.5% | −1.1% | −6.9% | +14.4% |
| 3 years | +23.1%+7.2%/yr | +0.3% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +29.0%+5.2%/yr | −4.3% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +55.1%+4.5%/yr | −0.7% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionJun 17, 2014 | +53.2%+3.5%/yr | −8.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: LQDH vs AGG
From Jun 17, 2014: LQDH grew to $15,319, AGG to $12,421.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LQDH returns by calendar year
8 of 11 full years positive. Best 2023 (+11.2%), worst 2015 (−2.2%). 2026 is year to date.
LQDH annual returns table
| Year | LQDH | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +3.1% | −2.3% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.0% | −4.9% | +7.2% | +4.3% | +17.7% |
| 2024 | +7.4% | −1.8% | +1.3% | −8.1% | +24.9% |
| 2023 | +11.2% | −2.9% | +5.7% | +2.8% | +26.2% |
| 2022 | −1.9% | −6.5% | −13.0% | −31.2% | −18.2% |
| 2021 | +1.8% | −2.0% | −1.8% | −4.6% | +28.7% |
| 2020 | +1.7% | −24.6% | +7.5% | +18.2% | +18.3% |
| 2019 | +9.5% | −2.5% | +8.5% | +14.1% | +31.2% |
| 2018 | −2.2% | −4.1% | +0.1% | −1.6% | −4.6% |
| 2017 | +6.0% | −1.2% | +3.6% | +9.2% | +21.7% |
| 2016 | +5.1% | −5.3% | +2.4% | +1.2% | +12.0% |
| 2015 | −2.2% | −4.2% | +0.5% | −1.8% | +1.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
LQDH largest drawdowns
Now 0.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 31, 2019 | −24.6% | Mar 20, 2020 | Nov 19, 2020 | 3 months | 11 months |
| Jul 25, 2014 | −9.6% | Feb 12, 2016 | Dec 13, 2016 | 1.6 years | 2.4 years |
| Nov 5, 2021 | −7.1% | Sep 28, 2022 | Jan 26, 2023 | 11 months | 1.2 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
LQDH risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +7.2% | +5.4% | +4.6% | +3.5% |
| Volatility (annualized) | 2.8% | 3.9% | 5.3% | 5.1% |
| Sharpe ratio | 0.96 | 0.46 | 0.45 | 0.35 |
| Sortino ratio | 1.83 | 0.73 | 0.60 | 0.47 |
| Best month | +3.1% | +3.1% | +4.7% | +4.7% |
| Worst month | −1.1% | −2.3% | −9.9% | −9.9% |
| Best 12 months | +9.9% | +12.3% | +18.9% | +18.9% |
| Worst 12 months | +3.6% | −5.3% | −8.4% | −8.4% |
| Positive months | 81% | 70% | 68% | 61% |
| Beta vs S&P 500 | 0.14 | 0.20 | 0.26 | — |
| Correlation with S&P 500 | 0.63 | 0.78 | 0.74 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
LQDH rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 137 | −8.4% | +4.6% | +18.9% | 77% |
| 3-year (a year) | 113 | −0.9% | +3.8% | +9.3% | 99% |
| 5-year (a year) | 89 | +0.2% | +3.8% | +7.0% | 100% |
| 10-year (a year) | 29 | +2.9% | +4.1% | +4.9% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
LQDH performance overview
iShares Interest Rate Hedged Corporate Bond ETF (LQDH) returned +4.3% over the past year and +4.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +3.5% a year, turning $10,000 into about $15,319. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −24.6%, from Dec 31, 2019 to Mar 20, 2020, and it took 8 months to get back to the old high. LQDH finished 8 of its 11 full calendar years with a gain; the best year was 2023 (+11.2%) and the worst 2015 (−2.2%). Volatility has been 5.1% a year.
Related: LQDH chart, LQDH dividends, LQDH bond profile. See the LQDH overview for the latest quote and fund facts.
LQDH performance FAQ
What is the LQDH return over the past year?
LQDH returned +4.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.5%.
What is the average annual return of LQDH?
LQDH has returned +5.2% a year over 5 years, +4.5% a year over 10 years, +3.5% a year since June 17, 2014 (total return, distributions reinvested).
How much would $10,000 invested in LQDH be worth?
$10,000 invested in LQDH at its first recorded close on June 17, 2014 would be worth about $15,319 on October 23, 2026 with distributions reinvested.
What was the worst year for LQDH?
The worst calendar year was 2015, with a total return of −2.2%. The best was 2023 at +11.2%.
What is the biggest drawdown of LQDH?
The largest peak-to-trough decline was −24.6% between December 31, 2019 and March 20, 2020. It recovered to the old high on November 19, 2020, 8 months after the bottom.
How volatile is LQDH?
Over the past 3 years LQDH had an annualized volatility of 2.8% and a Sharpe ratio of 0.96 (excess return over 1–3 month T-bills per unit of risk).