ILTB vs. LIBD
ILTB (iShares Core 10+ Year USD Bond ETF) and LIBD (LifeX 2065 Inflation-Protected Longevity Income ETF) are both exchange-traded funds - ILTB is a Long-Term Bond fund tracking the Bloomberg U.S. Universal 10+ Year Index (USD), while LIBD is a Inflation-Protected Bonds fund actively managed by Stone Ridge. ILTB is passively managed, while LIBD is actively managed. Over the past year, ILTB returned 0.54% vs -1.67% for LIBD. Their correlation of 0.92 means they have usually moved in the same direction. ILTB charges 0.06%/yr vs 0.25%/yr for LIBD.
Performance
ILTB vs. LIBD - Performance Comparison
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Returns By Period
In the year-to-date period, ILTB achieves a -2.31% return, which is significantly higher than LIBD's -2.58% return.
ILTB
- 1D
- 0.40%
- 1M
- -3.14%
- 6M
- -2.28%
- YTD
- -2.31%
- 1Y
- 0.54%
- 3Y*
- 2.67%
- 5Y*
- -4.57%
- 10Y*
- 0.70%
- ALL TIME*
- 3.71%
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) |
|---|---|---|---|
| $1.83M | $1.76M | $2.56M | |
| $6.72K | $11.19K | $6.51K |
ILTB vs. LIBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ILTB iShares Core 10+ Year USD Bond ETF | -2.31% | 7.37% |
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF | -2.58% | -0.63% |
Correlation
The correlation between ILTB and LIBD is 0.91, 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. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025 | 0.92 |
The correlation between ILTB and LIBD has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
ILTB vs. LIBD — Risk / Return Rank
ILTB
LIBD
ILTB vs. LIBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 10+ Year USD Bond ETF (ILTB) 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.
| ILTB | LIBD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.97 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.24 | +0.34 |
| Martin ratioReturn relative to average drawdown | 0.22 | -0.49 | +0.71 |
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Drawdowns
ILTB vs. LIBD - Drawdown Comparison
The maximum ILTB drawdown since its inception was -36.88%, which is greater than LIBD's maximum drawdown of -7.31%. Use the drawdown chart below to compare losses from any high point for ILTB and LIBD.
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Drawdown Indicators
| ILTB | LIBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.88% | -7.31% | -29.57% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -6.96% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -11.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.88% | — | — |
Current DrawdownCurrent decline from peak | -23.33% | -6.63% | -16.70% |
Average DrawdownAverage peak-to-trough decline | -10.03% | -3.47% | -6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 3.42% | -0.94% |
Volatility
ILTB vs. LIBD - Volatility Comparison
iShares Core 10+ Year USD Bond ETF (ILTB) has a higher volatility of 2.11% compared to LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD) at 1.86%. This indicates that ILTB'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
| ILTB | LIBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 1.86% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 5.86% | 5.84% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.61% | 7.83% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.59% | 9.93% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.54% | 9.93% | +1.61% |
ILTB vs. LIBD - Expense Ratio Comparison
ILTB has a 0.06% 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
ILTB vs. LIBD - Dividend Comparison
ILTB's dividend yield for the trailing twelve months is around 5.14%, less than LIBD's 11.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILTB iShares Core 10+ Year USD Bond ETF | 5.14% | 4.83% | 4.91% | 4.38% | 4.31% | 3.04% | 3.32% | 3.45% | 4.13% | 3.97% | 3.99% | 4.20% |
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF | 11.85% | 13.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, ILTB 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.
ILTB has higher volatility (2.11%) compared to LIBD (1.86%). In terms of maximum drawdown, ILTB dropped -36.88% vs LIBD's -7.31%.
On 1-year performance, ILTB leads with 0.54% vs -1.67% for LIBD. On fees, ILTB is cheaper at 0.06% 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, ILTB has performed better with a 0.54% return vs -1.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILTB is cheaper with a 0.06% expense ratio, compared with 0.25% for LIBD.
LIBD has the higher dividend yield at 11.85%, compared with 5.14% for ILTB.
ILTB 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: 0.06% for ILTB and 0.25% for LIBD.
ILTB currently has the higher Sharpe Ratio (0.07 vs -0.21), 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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