LCR vs. IBIC

Last updated Jun 25, 2026

LCR (Leuthold Core ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - LCR is a Diversified Portfolio fund actively managed by The Leuthold Group LLC, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. LCR is actively managed, while IBIC is passively managed. Over the past year, LCR returned 11.39% vs 4.40% for IBIC. At a 0.01 correlation, their price movements are largely independent. LCR charges 0.79%/yr vs 0.10%/yr for IBIC.

Performance

LCR vs. IBIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leuthold Core ETF (LCR) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCR achieves a 3.16% return, which is significantly higher than IBIC's 2.33% return.

LCR

• 1D: -0.08%
• 1M: 0.18%
• YTD: 3.16%
• 6M: 2.28%
• 1Y: 11.39%
• 3Y*: 10.55%
• 5Y*: 6.62%
• 10Y*: —

IBIC

• 1D: -0.10%
• 1M: 0.02%
• YTD: 2.33%
• 6M: 2.35%
• 1Y: 4.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LCR vs. IBIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LCR Leuthold Core ETF	3.16%	12.43%	8.68%	5.65%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	2.33%	4.96%	5.25%	2.17%

Correlation

The correlation between LCR and IBIC is -0.17, 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 (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.01

The correlation between LCR and IBIC shifts across timeframes, from -0.17 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LCR vs. IBIC — Risk / Return Rank

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

LCR

LCR Risk / Return Rank: 46
LCR Sharpe Ratio Rank: 47
LCR Sortino Ratio Rank: 47
LCR Omega Ratio Rank: 45
LCR Calmar Ratio Rank: 42
LCR Martin Ratio Rank: 51

IBIC

IBIC Risk / Return Rank: 98
IBIC Sharpe Ratio Rank: 98
IBIC Sortino Ratio Rank: 98
IBIC Omega Ratio Rank: 98
IBIC Calmar Ratio Rank: 99
IBIC Martin Ratio Rank: 98

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.

LCR vs. IBIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leuthold Core ETF (LCR) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.

	LCR	IBIC	Difference
Sharpe ratio: Return per unit of total volatility	1.46	4.95	-3.49
Sortino ratio: Return per unit of downside risk	2.10	8.87	-6.76
Omega ratio: Gain probability vs. loss probability	1.26	2.21	-0.95
Calmar ratio: Return relative to maximum drawdown	1.90	16.49	-14.58
Martin ratio: Return relative to average drawdown	7.72	57.80	-50.08

LCR vs. IBIC - Sharpe Ratio Comparison

The current LCR Sharpe Ratio is 1.46, which is lower than the IBIC Sharpe Ratio of 4.95. The chart below compares the historical Sharpe Ratios of LCR and IBIC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LCR vs. IBIC - Drawdown Comparison

The maximum LCR drawdown since its inception was -17.44%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for LCR and IBIC.

Drawdown Indicators

	LCR	IBIC	Difference
Max Drawdown Largest peak-to-trough decline	-17.44%	-0.90%	-16.54%
Max Drawdown (1Y) Largest decline over 1 year	-6.02%	-0.27%	-5.75%
Max Drawdown (3Y) Largest decline over 3 years	-8.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.40%	—	—
Current Drawdown Current decline from peak	-1.39%	-0.17%	-1.22%
Average Drawdown Average peak-to-trough decline	-2.82%	-0.10%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	0.08%	+1.40%

Volatility

LCR vs. IBIC - Volatility Comparison

Leuthold Core ETF (LCR) has a higher volatility of 2.89% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.19%. This indicates that LCR's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCR	IBIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	0.19%	+2.70%
Volatility (6M) Calculated over the trailing 6-month period	6.40%	0.67%	+5.73%
Volatility (1Y) Calculated over the trailing 1-year period	7.86%	0.90%	+6.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.08%	1.56%	+7.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.40%	1.56%	+9.84%

LCR vs. IBIC - Expense Ratio Comparison

LCR has a 0.79% expense ratio, which is higher than IBIC's 0.10% expense ratio.

Dividends

LCR vs. IBIC - Dividend Comparison

LCR's dividend yield for the trailing twelve months is around 1.33%, less than IBIC's 3.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
IBIC iShares iBonds Oct 2026 Term TIPS ETF	3.59%	4.43%	4.65%	0.83%	0.00%	0.00%	0.00%
LCR Leuthold Core ETF	1.33%	1.37%	1.86%	1.60%	0.75%	0.21%	0.62%

Frequently Asked Questions

Can I hold both LCR and IBIC in my portfolio?

LCR and IBIC have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCR or IBIC?

LCR has higher volatility (2.89%) compared to IBIC (0.19%). In terms of maximum drawdown, LCR dropped -17.44% vs IBIC's -0.90%.

Which ETF is better, LCR or IBIC?

On 1-year performance, LCR leads with 11.39% vs 4.40% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCR or IBIC?

Over the 1-year period, LCR has performed better with a 11.39% return vs 4.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCR or IBIC?

IBIC is cheaper with a 0.10% expense ratio, compared with 0.79% for LCR.

Which ETF pays a higher dividend yield, LCR or IBIC?

IBIC has the higher dividend yield at 3.59%, compared with 1.33% for LCR.

What is the main difference between LCR and IBIC?

LCR is categorized as Diversified Portfolio, while IBIC is Inflation-Protected Bonds. They also come from different issuers: The Leuthold Group LLC and iShares. Their fees differ too: 0.79% for LCR and 0.10% for IBIC.

Which has better risk-adjusted returns?

IBIC currently has the higher Sharpe Ratio (4.95 vs 1.46), 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.