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iShares Interest Rate Hedged Corporate Bond ETF

LQDHNYSE ArcaC

$92.40−0.12 (−0.13%)

At close: Oct 13, 2026, 4:00 PM

Intraday session: down, 65 prints from 92.52 to 92.40. Range 92.36 to 92.53. Use the arrow keys to read each point.92.3892.4292.4592.4792.5010 AM12 PM2 PM4 PM
Expense ratio
0.44%
Fund size
$596M
1Y total return
+5.7%
Yield · Last 12 months
5.80%
Holdings
218
Avg volume · 30D
0M sh
NAV per share
$92.44
52W range
low $91.15high $94.38
Launched
Filings
SEC EDGAR

The ETF.net LQDH Grade

C

Score 43 out of 100

Rank
38 of 49
Six-pillar profile for LQDH. Scores out of 100: Cost 20, Risk 85, Mission 24, Tradability 72, Holdings 38, Durability 77. Strongest: Risk (85). Weakest: Cost (20). Leans toward Risk.

Score 43 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F20 out of 100
    Rank 39 of 49
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F24 out of 100
    Rank 45 of 45
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A85 out of 100
    Rank 2 of 49
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A72 out of 100
    Rank 10 of 49
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 39 of 49
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A77 out of 100
    Rank 10 of 49

Our read on LQDH

ETF.net Research

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.

Stated mandate

The fund seeks to track an index designed to reduce the interest-rate risk of a corporate-bond portfolio.

Why people hold it

  1. 01The 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
  2. 02Live 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
  3. 03Pays 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

  1. 01The 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.
  2. 02The 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
  3. 03It 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

As of Oct 12, 2026
Asset class
Bonds
Holdings
218
Top-10 weight
109%
Largest holding
Ishares Iboxx $ Inv Grade Corporat94.8%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 15.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Ishares Iboxx $ Inv Grade Corporat94.78%5,517,322$565M4
002—Blk Csh Fnd Treasury Sl Agency5.08%30,290,000$30M437
003—Swp: Ois 0.862500 30-MAR-2045 03/30/2045 (Cme)1.71%0$10M1
004—Swp: Ois 1.060000 18-SEP-2050 09/18/2050 (Cme)1.55%0$9M1
005—Swp: Ois 1.108000 19-OCT-2040 10/19/2040 (Cme)1.45%0$9M1
006—Swp: Ois 1.184500 19-OCT-2050 10/19/2050 (Cme)1.37%0$8M1
007—Swp: Ois 0.910000 25-SEP-2035 09/25/2035 (Cme)1.24%0$7M1
008—Swp: Ois 0.778000 19-OCT-2030 10/19/2030 (Cme)0.74%0$4M1
009—Swp: Ois 1.242000 15-DEC-2031 12/15/2031 (Lch)0.55%0$3M1
010—Swp: Ois 0.490000 22-SEP-2027 09/22/2027 (Cme)0.35%0$2M1
011—Swp: Ois 1.189000 20-OCT-2028 10/20/2028 (Cme)0.34%0$2M1
012—Swp: Ois 1.285000 07-DEC-2051 12/07/2051 (Lch)0.34%0$2M1
013—Swp: Ois 1.216500 12-FEB-2031 02/12/2031 (Cme)0.34%0$2M1
014—Swp: Ois 1.352500 15-DEC-2036 12/15/2036 (Lch)0.32%0$2M1
015—Swp: Ois 1.275500 23-AUG-2031 08/23/2031 (Cme)0.13%0$764K1

Showing 1–15 of 218 holdings

LQDH Performance

Launched May 27, 2014

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

LQDH$10,570
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. LQDH $10,570. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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.

Trailing total return for LQDH. Periods over one year show the average yearly return.
PeriodLQDH
Year to date+3.5%
1 month+0.6%
3 months+1.5%
1 year+5.7%
3 yearsper year+7.2%
5 yearsper year+5.4%
10 yearsper year+4.6%

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LQDH
YearReturn barLQDH
2026 YTD+3.5%
2025+7.0%
2024+7.4%
2023+11.1%
2022−1.9%
2021+1.8%
2020+1.7%

LQDH in the news

Filtered to LQDH · Investment Grade Corporate

LQDH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
5.80%Last 12 months
Payout per share
$5.36Last 12 months
Last payment
$0.46 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 2, 2023 $0.52; Mar 2, 2023 $0.49; Apr 4, 2023 $0.41; May 2, 2023 $0.44; Jun 2, 2023 $0.43; Jul 5, 2023 $0.47; Aug 2, 2023 $0.59; Sep 5, 2023 $0.74; Oct 3, 2023 $0.75; Nov 2, 2023 $0.77; Dec 4, 2023 $0.76; Dec 22, 2023 $0.79; Feb 2, 2024 $0.67; Mar 4, 2024 $0.61; Apr 2, 2024 $0.57; May 2, 2024 $0.64; Jun 4, 2024 $0.61; Jul 2, 2024 $0.54; Aug 2, 2024 $0.60; Sep 4, 2024 $0.58; Oct 2, 2024 $0.56; Nov 4, 2024 $0.55; Dec 3, 2024 $0.51; Dec 20, 2024 $0.59; Feb 4, 2025 $0.42; Mar 4, 2025 $0.45; Apr 2, 2025 $0.48; May 2, 2025 $0.52; Jun 3, 2025 $0.49; Jul 2, 2025 $0.48; Aug 4, 2025 $0.52; Sep 3, 2025 $0.47; Oct 2, 2025 $0.49; Nov 4, 2025 $0.46; Dec 2, 2025 $0.42; Dec 23, 2025 $0.46; Feb 3, 2026 $0.43; Mar 3, 2026 $0.43; Apr 2, 2026 $0.49; May 4, 2026 $0.46; Jun 2, 2026 $0.43; Jul 2, 2026 $0.42; Aug 4, 2026 $0.46; Sep 2, 2026 $0.45; Oct 2, 2026 $0.46. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Oct 2, 2026Oct 7, 2026$0.46
Sep 2, 2026Sep 8, 2026$0.45
Aug 4, 2026Aug 7, 2026$0.46
Jul 2, 2026Jul 8, 2026$0.42
Jun 2, 2026Jun 5, 2026$0.43
May 4, 2026May 7, 2026$0.46
Apr 2, 2026Apr 8, 2026$0.49
Mar 3, 2026Mar 6, 2026$0.43
Feb 3, 2026Feb 6, 2026$0.43
Dec 23, 2025Dec 29, 2025$0.46
Dec 2, 2025Dec 5, 2025$0.42
Nov 4, 2025Nov 7, 2025$0.46

LQDH Risk

How much the fund’s monthly returns vary, scaled to a year.
2.8%
Annualised · 36 months to Sep 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.91
vs 3-month T-bills · to Sep 2026
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.

The largest fall from a peak to the low that followed.
−7.1%
Trough Sep 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.14
vs its asset-class index
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

Expense ratio0.44%
  • The middle half of Investment Grade Corporate funds
  • Median 0.29%

38 of the 49 Investment Grade Corporate funds charge less.

LQDH costs $44.00 a year on $10,000. The median Investment Grade Corporate fund costs $29.00.

Other funds in Investment Grade Corporate