LIBD vs. BLV
LIBD (LifeX 2065 Inflation-Protected Longevity Income ETF) and BLV (Vanguard Long-Term Bond ETF) are both exchange-traded funds - LIBD is a Inflation-Protected Bonds fund actively managed by Stone Ridge, while BLV is a Long-Term Bond fund tracking the Bloomberg U.S. Long Government/Credit Float Adjusted Index. LIBD is actively managed, while BLV is passively managed. Over the past year, LIBD returned 2.32% vs 5.47% for BLV. Their correlation of 0.92 suggests significant overlap in exposure. LIBD charges 0.25%/yr vs 0.03%/yr for BLV.
Performance
LIBD vs. BLV - Performance Comparison
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Returns By Period
In the year-to-date period, LIBD achieves a 0.49% return, which is significantly lower than BLV's 0.81% return.
LIBD
- 1D
- -0.86%
- 1M
- 1.00%
- YTD
- 0.49%
- 6M
- 0.63%
- 1Y
- 2.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLV
- 1D
- -0.55%
- 1M
- 1.61%
- YTD
- 0.81%
- 6M
- 0.84%
- 1Y
- 5.47%
- 3Y*
- 1.85%
- 5Y*
- -3.65%
- 10Y*
- 0.91%
LIBD vs. BLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF | 0.49% | -0.63% |
BLV Vanguard Long-Term Bond ETF | 0.81% | 6.65% |
Correlation
The correlation between LIBD and BLV is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025 | 0.92 |
The correlation between LIBD and BLV has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
LIBD vs. BLV — Risk / Return Rank
LIBD
BLV
LIBD vs. BLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD) and Vanguard Long-Term Bond ETF (BLV). 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.
| LIBD | BLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.12 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.96 | -0.58 |
| Martin ratioReturn relative to average drawdown | 0.78 | 2.34 | -1.57 |
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Drawdowns
LIBD vs. BLV - Drawdown Comparison
The maximum LIBD drawdown since its inception was -7.31%, smaller than the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for LIBD and BLV.
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Drawdown Indicators
| LIBD | BLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.31% | -38.29% | +30.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -5.73% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.29% | — |
Current DrawdownCurrent decline from peak | -3.69% | -23.74% | +20.05% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -9.55% | +6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.34% | +0.65% |
Volatility
LIBD vs. BLV - Volatility Comparison
LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD) and Vanguard Long-Term Bond ETF (BLV) have volatilities of 2.03% and 1.97%, 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
| LIBD | BLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 1.97% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 5.79% | 5.76% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 7.98% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.10% | 12.93% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.10% | 11.99% | -1.89% |
LIBD vs. BLV - Expense Ratio Comparison
LIBD has a 0.25% expense ratio, which is higher than BLV's 0.03% 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
LIBD vs. BLV - Dividend Comparison
LIBD's dividend yield for the trailing twelve months is around 11.50%, more than BLV's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | 4.78% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF | 11.50% | 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 0.92, LIBD and BLV 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.
LIBD has higher volatility (2.03%) compared to BLV (1.97%). In terms of maximum drawdown, LIBD dropped -7.31% vs BLV's -38.29%.
On 1-year performance, BLV leads with 5.47% vs 2.32% for LIBD. On fees, BLV is cheaper at 0.03% 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, BLV has performed better with a 5.47% return vs 2.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLV is cheaper with a 0.03% expense ratio, compared with 0.25% for LIBD.
LIBD has the higher dividend yield at 11.50%, compared with 4.78% for BLV.
LIBD is categorized as Inflation-Protected Bonds, while BLV is Long-Term Bond. They also come from different issuers: Stone Ridge and Vanguard. Their fees differ too: 0.25% for LIBD and 0.03% for BLV.
BLV currently has the higher Sharpe Ratio (0.69 vs 0.29), 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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