ICPI vs. LIBD

Last updated Jun 4, 2026

ICPI (iShares 0-1 Year TIPS Bond ETF) and LIBD (LifeX 2065 Inflation-Protected Longevity Income ETF) are both Inflation-Protected Bonds funds. ICPI is passively managed, while LIBD is actively managed. At a correlation of -0.30, they often move in opposite directions. ICPI charges 0.09%/yr vs 0.25%/yr for LIBD.

Performance

ICPI vs. LIBD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-1 Year TIPS Bond ETF (ICPI) and LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICPI achieves a 2.70% return, which is significantly higher than LIBD's 0.48% return.

ICPI

• 1D: 0.05%
• 1M: 0.44%
• YTD: 2.70%
• 6M: 2.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LIBD

• 1D: -0.40%
• 1M: 0.93%
• YTD: 0.48%
• 6M: -1.01%
• 1Y: 3.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ICPI vs. LIBD - Yearly Performance Comparison

	2026 (YTD)	2025
ICPI iShares 0-1 Year TIPS Bond ETF	2.70%	0.32%
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF	0.48%	-1.15%

Correlation

The correlation between ICPI and LIBD is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025	-0.30

Return for Risk

ICPI vs. LIBD — Risk / Return Rank

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

LIBD

LIBD Risk / Return Rank: 16
LIBD Sharpe Ratio Rank: 17
LIBD Sortino Ratio Rank: 16
LIBD Omega Ratio Rank: 15
LIBD Calmar Ratio Rank: 17
LIBD Martin Ratio Rank: 16

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.

ICPI vs. LIBD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 0-1 Year TIPS Bond ETF (ICPI) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ICPI	LIBD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	6.20	0.29	+5.91

Drawdowns

ICPI vs. LIBD - Drawdown Comparison

The maximum ICPI drawdown since its inception was -0.22%, smaller than the maximum LIBD drawdown of -7.31%. Use the drawdown chart below to compare losses from any high point for ICPI and LIBD.

Drawdown Indicators

	ICPI	LIBD	Difference
Max Drawdown Largest peak-to-trough decline	-0.22%	-7.31%	+7.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.19%	—
Current Drawdown Current decline from peak	0.00%	-3.69%	+3.69%
Average Drawdown Average peak-to-trough decline	-0.03%	-3.20%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.89%	—

Volatility

Volatility by Period

	ICPI	LIBD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.95%	8.08%	-7.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.95%	9.64%	-8.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.95%	9.64%	-8.69%

ICPI vs. LIBD - Expense Ratio Comparison

ICPI has a 0.09% 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

ICPI vs. LIBD - Dividend Comparison

ICPI's dividend yield for the trailing twelve months is around 1.80%, less than LIBD's 11.50% yield.

Position	TTM	2025
ICPI iShares 0-1 Year TIPS Bond ETF	1.80%	0.54%
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF	11.50%	13.52%

Frequently Asked Questions

Can I hold both ICPI and LIBD in my portfolio?

ICPI and LIBD have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ICPI or LIBD?

On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ICPI or LIBD?

ICPI is cheaper with a 0.09% expense ratio, compared with 0.25% for LIBD.

Which ETF pays a higher dividend yield, ICPI or LIBD?

LIBD has the higher dividend yield at 11.50%, compared with 1.80% for ICPI.

What is the main difference between ICPI and LIBD?

They also come from different issuers: iShares and Stone Ridge. Their fees differ too: 0.09% for ICPI and 0.25% for LIBD.