IBIL vs. LIAU

Last updated Jun 4, 2026

IBIL (iShares iBonds Oct 2035 Term TIPS ETF) and LIAU (LifeX 2060 Inflation-Protected Longevity Income ETF) are both Inflation-Protected Bonds funds. IBIL is passively managed, while LIAU is actively managed. Over the past year, IBIL returned 6.35% vs 4.25% for LIAU. Their correlation of 0.81 suggests significant overlap in exposure. IBIL charges 0.10%/yr vs 0.25%/yr for LIAU.

Performance

IBIL vs. LIAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2035 Term TIPS ETF (IBIL) and LifeX 2060 Inflation-Protected Longevity Income ETF (LIAU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBIL achieves a 1.59% return, which is significantly higher than LIAU's 0.65% return.

IBIL

• 1D: -0.33%
• 1M: -0.33%
• YTD: 1.59%
• 6M: 1.17%
• 1Y: 6.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LIAU

• 1D: -0.40%
• 1M: 0.64%
• YTD: 0.65%
• 6M: -0.67%
• 1Y: 4.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBIL vs. LIAU - Yearly Performance Comparison

	2026 (YTD)	2025
IBIL iShares iBonds Oct 2035 Term TIPS ETF	1.59%	4.75%
LIAU LifeX 2060 Inflation-Protected Longevity Income ETF	0.65%	1.02%

Correlation

The correlation between IBIL and LIAU is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	0.81

The correlation between IBIL and LIAU has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.

Return for Risk

IBIL vs. LIAU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBIL

IBIL Risk / Return Rank: 36
IBIL Sharpe Ratio Rank: 32
IBIL Sortino Ratio Rank: 31
IBIL Omega Ratio Rank: 35
IBIL Calmar Ratio Rank: 48
IBIL Martin Ratio Rank: 36

LIAU

LIAU Risk / Return Rank: 18
LIAU Sharpe Ratio Rank: 19
LIAU Sortino Ratio Rank: 18
LIAU Omega Ratio Rank: 18
LIAU Calmar Ratio Rank: 19
LIAU Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBIL vs. LIAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2035 Term TIPS ETF (IBIL) and LifeX 2060 Inflation-Protected Longevity Income ETF (LIAU). 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.

	IBIL	LIAU	Difference
Sharpe ratio: Return per unit of total volatility	1.14	0.59	+0.55
Sortino ratio: Return per unit of downside risk	1.61	0.89	+0.73
Omega ratio: Gain probability vs. loss probability	1.23	1.10	+0.13
Calmar ratio: Return relative to maximum drawdown	2.31	0.79	+1.52
Martin ratio: Return relative to average drawdown	5.52	1.79	+3.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBIL vs. LIAU - Sharpe Ratio Comparison

The current IBIL Sharpe Ratio is 1.14, which is higher than the LIAU Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of IBIL and LIAU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBIL	LIAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	0.59	+0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	-0.30	+0.96

Drawdowns

IBIL vs. LIAU - Drawdown Comparison

The maximum IBIL drawdown since its inception was -5.28%, smaller than the maximum LIAU drawdown of -9.95%. Use the drawdown chart below to compare losses from any high point for IBIL and LIAU.

Drawdown Indicators

	IBIL	LIAU	Difference
Max Drawdown Largest peak-to-trough decline	-5.28%	-9.95%	+4.67%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	-5.38%	+2.62%
Current Drawdown Current decline from peak	-0.66%	-4.43%	+3.77%
Average Drawdown Average peak-to-trough decline	-1.48%	-5.24%	+3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	2.37%	-1.22%

Volatility

IBIL vs. LIAU - Volatility Comparison

The current volatility for iShares iBonds Oct 2035 Term TIPS ETF (IBIL) is 1.25%, while LifeX 2060 Inflation-Protected Longevity Income ETF (LIAU) has a volatility of 1.93%. This indicates that IBIL experiences smaller price fluctuations and is considered to be less risky than LIAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBIL	LIAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	1.93%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	3.08%	5.08%	-2.00%
Volatility (1Y) Calculated over the trailing 1-year period	5.58%	7.22%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.20%	8.69%	-0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.20%	8.69%	-0.49%

IBIL vs. LIAU - Expense Ratio Comparison

IBIL has a 0.10% expense ratio, which is lower than LIAU'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

IBIL vs. LIAU - Dividend Comparison

IBIL's dividend yield for the trailing twelve months is around 3.47%, less than LIAU's 9.36% yield.

Position	TTM	2025	2024
IBIL iShares iBonds Oct 2035 Term TIPS ETF	3.47%	2.93%	0.00%
LIAU LifeX 2060 Inflation-Protected Longevity Income ETF	9.36%	12.93%	1.04%

Frequently Asked Questions

Can I hold both IBIL and LIAU in my portfolio?

IBIL and LIAU have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBIL or LIAU?

LIAU has higher volatility (1.93%) compared to IBIL (1.25%). In terms of maximum drawdown, IBIL dropped -5.28% vs LIAU's -9.95%.

Which ETF is better, IBIL or LIAU?

On 1-year performance, IBIL leads with 6.35% vs 4.25% for LIAU. On fees, IBIL is cheaper at 0.10% per year. On volatility, IBIL has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBIL or LIAU?

Over the 1-year period, IBIL has performed better with a 6.35% return vs 4.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBIL or LIAU?

IBIL is cheaper with a 0.10% expense ratio, compared with 0.25% for LIAU.

Which ETF pays a higher dividend yield, IBIL or LIAU?

LIAU has the higher dividend yield at 9.36%, compared with 3.47% for IBIL.

What is the main difference between IBIL and LIAU?

They also come from different issuers: iShares and Stone Ridge. Their fees differ too: 0.10% for IBIL and 0.25% for LIAU.

Which has better risk-adjusted returns?

IBIL currently has the higher Sharpe Ratio (1.14 vs 0.59), 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.