LFBE vs. ILTB
LFBE (LifeX 2065 Longevity Income ETF) and ILTB (iShares Core 10+ Year USD Bond ETF) are both exchange-traded funds - LFBE is a Government Bonds fund actively managed by Stone Ridge, while ILTB is a Long-Term Bond fund tracking the Bloomberg U.S. Universal 10+ Year Index (USD). LFBE is actively managed, while ILTB is passively managed. Over the past year, LFBE returned 4.42% vs 7.17% for ILTB. With a 0.96 correlation, they move nearly in lockstep. LFBE charges 0.25%/yr vs 0.06%/yr for ILTB.
Performance
LFBE vs. ILTB - Performance Comparison
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Returns By Period
In the year-to-date period, LFBE achieves a -0.38% return, which is significantly lower than ILTB's 0.30% return.
LFBE
- 1D
- -0.36%
- 1M
- 0.65%
- YTD
- -0.38%
- 6M
- -1.72%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILTB
- 1D
- -0.33%
- 1M
- 1.04%
- YTD
- 0.30%
- 6M
- -0.71%
- 1Y
- 7.17%
- 3Y*
- 2.78%
- 5Y*
- -2.88%
- 10Y*
- 1.32%
LFBE vs. ILTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LFBE LifeX 2065 Longevity Income ETF | -0.38% | 5.14% |
ILTB iShares Core 10+ Year USD Bond ETF | 0.30% | 7.84% |
Correlation
The correlation between LFBE and ILTB is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2025 | 0.96 |
The correlation between LFBE and ILTB has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
LFBE vs. ILTB — Risk / Return Rank
LFBE
ILTB
LFBE vs. ILTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LifeX 2065 Longevity Income ETF (LFBE) and iShares Core 10+ Year USD Bond ETF (ILTB). 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.
| LFBE | ILTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.16 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 1.33 | -0.67 |
| Martin ratioReturn relative to average drawdown | 1.72 | 3.38 | -1.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LFBE | ILTB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.91 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.35 | +0.01 |
Drawdowns
LFBE vs. ILTB - Drawdown Comparison
The maximum LFBE drawdown since its inception was -7.65%, smaller than the maximum ILTB drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for LFBE and ILTB.
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Drawdown Indicators
| LFBE | ILTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.65% | -36.88% | +29.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.76% | -5.42% | -1.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.60% | — |
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 | -4.11% | -21.28% | +17.17% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -9.92% | +7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.13% | +0.44% |
Volatility
LFBE vs. ILTB - Volatility Comparison
LifeX 2065 Longevity Income ETF (LFBE) and iShares Core 10+ Year USD Bond ETF (ILTB) have volatilities of 2.57% and 2.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LFBE | ILTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 2.50% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 5.73% | 5.54% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.31% | 7.88% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.37% | 12.64% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.37% | 11.56% | -2.19% |
LFBE vs. ILTB - Expense Ratio Comparison
LFBE has a 0.25% expense ratio, which is higher than ILTB's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LFBE vs. ILTB - Dividend Comparison
LFBE's dividend yield for the trailing twelve months is around 8.29%, more than ILTB's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILTB iShares Core 10+ Year USD Bond ETF | 4.96% | 4.83% | 4.91% | 4.38% | 4.31% | 3.04% | 3.32% | 3.45% | 4.13% | 3.97% | 3.99% | 4.20% |
LFBE LifeX 2065 Longevity Income ETF | 8.29% | 12.22% | 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 0.97, LFBE and ILTB 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.
LFBE has higher volatility (2.57%) compared to ILTB (2.50%). In terms of maximum drawdown, LFBE dropped -7.65% vs ILTB's -36.88%.
On 1-year performance, ILTB leads with 7.17% vs 4.42% for LFBE. On fees, ILTB is cheaper at 0.06% per year. Their volatility is very similar. 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 7.17% return vs 4.42%. 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 LFBE.
LFBE has the higher dividend yield at 8.29%, compared with 4.96% for ILTB.
LFBE is categorized as Government Bonds, while ILTB is Long-Term Bond. They also come from different issuers: Stone Ridge and iShares. Their fees differ too: 0.25% for LFBE and 0.06% for ILTB.
ILTB currently has the higher Sharpe Ratio (0.91 vs 0.53), 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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