IBGK vs. LIBD
IBGK (iShares iBonds Dec 2054 Term Treasury ETF) and LIBD (LifeX 2065 Inflation-Protected Longevity Income ETF) are both exchange-traded funds - IBGK is a Long-Term Bond fund tracking the ICE 2054 Maturity US Treasury Index, while LIBD is a Inflation-Protected Bonds fund actively managed by Stone Ridge. IBGK is passively managed, while LIBD is actively managed. Over the past year, IBGK returned -1.96% vs -1.67% for LIBD. Their correlation of 0.93 means they have usually moved in the same direction. IBGK charges 0.07%/yr vs 0.25%/yr for LIBD.
Performance
IBGK vs. LIBD - Performance Comparison
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Returns By Period
In the year-to-date period, IBGK achieves a -3.18% return, which is significantly lower than LIBD's -2.58% return.
IBGK
- 1D
- 0.42%
- 1M
- -3.43%
- 6M
- -2.71%
- YTD
- -3.18%
- 1Y
- -1.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.45%
LIBD
- 1D
- 0.36%
- 1M
- -2.91%
- 6M
- -2.25%
- YTD
- -2.58%
- 1Y
- -1.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.80K | $17.29K | $31.57K | |
| $6.72K | $11.19K | $6.51K |
IBGK vs. LIBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBGK iShares iBonds Dec 2054 Term Treasury ETF | -3.18% | 3.98% |
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF | -2.58% | -0.63% |
Correlation
The correlation between IBGK and LIBD is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025 | 0.93 |
The correlation between IBGK and LIBD has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
IBGK vs. LIBD — Risk / Return Rank
IBGK
LIBD
IBGK vs. LIBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2054 Term Treasury ETF (IBGK) and LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBGK | LIBD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.97 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.24 | -0.02 |
| Martin ratioReturn relative to average drawdown | -0.57 | -0.49 | -0.08 |
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Drawdowns
IBGK vs. LIBD - Drawdown Comparison
The maximum IBGK drawdown since its inception was -14.62%, which is greater than LIBD's maximum drawdown of -7.31%. Use the drawdown chart below to compare losses from any high point for IBGK and LIBD.
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Drawdown Indicators
| IBGK | LIBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.62% | -7.31% | -7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -6.96% | -0.52% |
Current DrawdownCurrent decline from peak | -11.76% | -6.63% | -5.13% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -3.47% | -4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 3.42% | +0.02% |
Volatility
IBGK vs. LIBD - Volatility Comparison
iShares iBonds Dec 2054 Term Treasury ETF (IBGK) has a higher volatility of 2.45% compared to LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD) at 1.86%. This indicates that IBGK's price experiences larger fluctuations and is considered to be riskier than LIBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBGK | LIBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 1.86% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 6.58% | 5.84% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.86% | 7.83% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.62% | 9.93% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.62% | 9.93% | +1.69% |
IBGK vs. LIBD - Expense Ratio Comparison
IBGK has a 0.07% expense ratio, which is lower than LIBD's 0.25% 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
IBGK vs. LIBD - Dividend Comparison
IBGK's dividend yield for the trailing twelve months is around 4.84%, less than LIBD's 11.85% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBGK iShares iBonds Dec 2054 Term Treasury ETF | 4.84% | 4.59% | 3.15% |
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF | 11.85% | 13.52% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, IBGK and LIBD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IBGK has higher volatility (2.45%) compared to LIBD (1.86%). In terms of maximum drawdown, IBGK dropped -14.62% vs LIBD's -7.31%.
On 1-year performance, LIBD leads with -1.67% vs -1.96% for IBGK. On fees, IBGK is cheaper at 0.07% per year. On volatility, LIBD has been the lower-risk option at 1.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LIBD has performed better with a -1.67% return vs -1.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGK is cheaper with a 0.07% expense ratio, compared with 0.25% for LIBD.
LIBD has the higher dividend yield at 11.85%, compared with 4.84% for IBGK.
IBGK is categorized as Long-Term Bond, while LIBD is Inflation-Protected Bonds. They also come from different issuers: iShares and Stone Ridge. Their fees differ too: 0.07% for IBGK and 0.25% for LIBD.
LIBD currently has the higher Sharpe Ratio (-0.21 vs -0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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