# iShares USD Corp Bond Interest Rate Hedged UCITS ETF USD (HLQD) **Source:** https://fundology.uk/fund/hlqd · ISIN IE00BZ173W74 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 30/09/2026, HLQD (iShares USD Corp Bond Interest Rate Hedged UCITS ETF USD, ISIN IE00BZ173W74) closed at $7.33 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 30/09/2026 its total return was +31.8%, or +3.0% after UK CPIH inflation. ## Summary iShares USD Corp Bond Interest Rate Hedged UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.25% a year — about £25 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **$7.33** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HLQD | | ISIN | IE00BZ173W74 | | Category | Corporate & other bonds | | Type | ETF | | Provider | iShares | | Tracks | Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index | | Income | Accumulating | | Ongoing charge | 0.25% a year (£25 per £10,000) | | Fund size | £79.3m | | Launched | 2018 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +4.96% | +1.67% | income reinvested | | 3 years | +12.45% | +1.47% | income reinvested | | 5 years | +31.76% | +3.00% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares USD Corp Bond Interest Rate Hedged UCITS ETF USD in pounds (price, with income reinvested in the fund): 2022 +12.5%, 2023 +5.1%, 2024 +9.6%, 2025 −2.0%; 2026 to 30/09/2026 +4.5%. Returns of iShares USD Corp Bond Interest Rate Hedged UCITS ETF USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +4.5%; to 30/09/2025: +7.4%; to 30/09/2024: +0.1%; to 30/09/2023: +1.4%; to 30/09/2022: +17.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +12.5% | +3.0% | Price | | 2023 | +5.1% | +0.9% | Price | | 2024 | +9.6% | +5.8% | Price | | 2025 | -2.0% | -5.4% | Price | | 2026 to 30/09/2026 | +4.5% | +1.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 6.12% | -3.35% | | 3 years | 6.10% | -9.27% | | 5 years | 7.44% | -9.27% | ## Largest fall Volatility of iShares USD Corp Bond Interest Rate Hedged UCITS ETF USD in pounds, annualised from weekly returns to 30/09/2026: 6.1% over 1 year, 6.1% over 3 years, 7.4% over 5 years. Largest fall in the price of iShares USD Corp Bond Interest Rate Hedged UCITS ETF USD since October 2021, in pounds: −9.3% from 17/01/2025 to 27/06/2025. The lowest 12-month return of iShares USD Corp Bond Interest Rate Hedged UCITS ETF USD in pounds (price, with income reinvested in the fund) since January 2021 was −4.7% (12 months to 30/01/2026); the highest was +19.4% (12 months to 17/02/2023). On 30/09/2026 the price of iShares USD Corp Bond Interest Rate Hedged UCITS ETF USD was 0.7% below its highest weekly close since October 2021 (17/01/2025), in pounds. ## Charges compared with similar funds Ongoing charge of iShares USD Corp Bond Interest Rate Hedged UCITS ETF USD 0.25% a year, as of 01/10/2026: 168 of the 383 other corporate and other bond funds charge more, 33 the same and 182 less (share classes counted once). ## Funds tracking the same index 2 funds track Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index, this one included and share classes counted once; their ongoing charges range from 0.25% to 0.25% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares USD Corp Bond Interest Rate Hedged UCITS ETF | 0.25% | +5.0% | +12.4% | +31.7% | | iShares USD Corp Bond Interest Rate Hedged UCITS ETF USD (this fund) | 0.25% | +5.0% | +12.4% | +31.8% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.25%** per year - ISA eligible: yes - SIPP eligible: yes --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.