iShares Interest Rate Hedged Corporate Bond ETF
$92.88−0.24 (−0.26%)
- Expense ratio
- 0.44%
- Fund size
- $577M
- 1Y return
- +5.7%
- Yield · Last 12 months
- 5.79%
- Volume · 30D
- 0M sh
- NAV per share
- $93.04
- 52W range
The ETF.net LQDH Grade
Score 44 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 20Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 28Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 81Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 74Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 44Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 77Category rank
Our read on LQDH
CCorporate credit with the interest-rate risk swapped out. LQDH pairs an investment-grade bond portfolio with a ladder of interest rate swaps designed to neutralize duration, leaving the credit spread as the main exposure.
The fund seeks to track an index designed to reduce the interest-rate risk of a corporate-bond portfolio.
Why people hold it
- The hedge runs on rules, not a rate call: swaps struck at the 1- through 30-year points, weighted to the underlying bond portfolio and rebalanced daily.ishares.com
- Live since 2014 and still a rare structure: most investment-grade corporate funds hand you credit and duration together, while this one is built to isolate the credit piece.ishares.com
- Pays monthly, and because the design targets near-zero duration, rate swings shape the price far less than they do in a standard corporate bond fund.ishares.com
Worth knowing
- The hedge costs real money: 0.44% a year, well above the typical investment-grade corporate fund, where plain-vanilla options like VCIT and USIG run a few basis points.
- The swaps cut both ways. They are built to gain when the reference rate rises above the fixed rate, which also means giving up the price lift bonds get when rates fall.ishares.com
- It is a wrapper, not a bond book: one underlying corporate bond ETF plus centrally cleared swaps. It also trades in a quieter corner, so the spread is worth a look.ishares.com
LQDH Holdings
- Bonds
- —
- 16%
- BLK CSH FND TREASURY SL AGENCY
Geography
- United States100.00%
LQDH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | LQDH |
|---|---|
| Year to date | +3.7% |
| 1 month | +1.1% |
| 3 months | +1.2% |
| 1 year | +5.7% |
| 3 years | +7.2% |
| 5 years | +5.4% |
| 10 years | +4.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | LQDH |
|---|---|---|
| 2026 YTD | +3.7% | |
| 2025 | +7.0% | |
| 2024 | +7.4% | |
| 2023 | +11.1% | |
| 2022 | −1.9% | |
| 2021 | +1.8% | |
| 2020 | +1.7% |
LQDH in the news
ETF.net Research hasn’t filed on LQDH yet — coverage lands here as it’s written.
LQDH Dividends
- 5.79%
- $5.39
- $0.45 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 2, 2026 | Sep 8, 2026 | $0.45 |
| Aug 4, 2026 | Aug 7, 2026 | $0.46 |
| Jul 2, 2026 | Jul 8, 2026 | $0.42 |
| Jun 2, 2026 | Jun 5, 2026 | $0.43 |
| May 4, 2026 | May 7, 2026 | $0.46 |
| Apr 2, 2026 | Apr 8, 2026 | $0.49 |
| Mar 3, 2026 | Mar 6, 2026 | $0.43 |
| Feb 3, 2026 | Feb 6, 2026 | $0.43 |
| Dec 23, 2025 | Dec 29, 2025 | $0.46 |
| Dec 2, 2025 | Dec 5, 2025 | $0.42 |
| Nov 4, 2025 | Nov 7, 2025 | $0.46 |
| Oct 2, 2025 | Oct 7, 2025 | $0.49 |
LQDH Risk
- 2.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.86
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −7.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.14
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
LQDH Cost
- The middle half of Investment Grade Corporate funds
- Median 0.30%
38 of the 49 Investment Grade Corporate funds charge less.