LIBD vs. ILTB
LIBD (LifeX 2065 Inflation-Protected Longevity Income ETF) and ILTB (iShares Core 10+ Year USD Bond ETF) are both exchange-traded funds - LIBD is a Inflation-Protected 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). LIBD is actively managed, while ILTB is passively managed. Over the past year, LIBD returned -2.03% vs 0.14% for ILTB. Their correlation of 0.92 means they have usually moved in the same direction. LIBD charges 0.25%/yr vs 0.06%/yr for ILTB.
Performance
LIBD vs. ILTB - Performance Comparison
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Returns By Period
In the year-to-date period, LIBD achieves a -2.94% return, which is significantly lower than ILTB's -2.69% return.
LIBD
- 1D
- -0.53%
- 1M
- -3.26%
- 6M
- -2.95%
- YTD
- -2.94%
- 1Y
- -2.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.29%
ILTB
- 1D
- -0.46%
- 1M
- -3.52%
- 6M
- -2.81%
- YTD
- -2.69%
- 1Y
- 0.14%
- 3Y*
- 2.14%
- 5Y*
- -4.50%
- 10Y*
- 0.60%
- ALL TIME*
- 3.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.80M | $1.79M | $2.53M | |
| $6.78K | $11.16K | $6.65K |
LIBD vs. ILTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF | -2.94% | -0.63% |
ILTB iShares Core 10+ Year USD Bond ETF | -2.69% | 7.37% |
Correlation
The correlation between LIBD and ILTB is 0.92, 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. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025 | 0.92 |
The correlation between LIBD and ILTB 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. ILTB — Risk / Return Rank
LIBD
ILTB
LIBD vs. ILTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD) 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.
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 | ILTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.03 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.16 | -0.35 |
| Martin ratioReturn relative to average drawdown | -0.38 | 0.37 | -0.75 |
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Drawdowns
LIBD vs. ILTB - Drawdown Comparison
The maximum LIBD drawdown since its inception was -7.31%, smaller than the maximum ILTB drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for LIBD and ILTB.
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Drawdown Indicators
| LIBD | ILTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.31% | -36.88% | +29.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | -5.60% | -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 | -6.96% | -23.63% | +16.67% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -10.03% | +6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 2.46% | +0.94% |
Volatility
LIBD vs. ILTB - Volatility Comparison
The current volatility for LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD) is 1.81%, while iShares Core 10+ Year USD Bond ETF (ILTB) has a volatility of 2.05%. This indicates that LIBD experiences smaller price fluctuations and is considered to be less risky than ILTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIBD | ILTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 2.05% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 5.86% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.85% | 7.62% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.94% | 12.59% | -2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.94% | 11.54% | -1.60% |
LIBD vs. ILTB - Expense Ratio Comparison
LIBD 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
LIBD vs. ILTB - Dividend Comparison
LIBD's dividend yield for the trailing twelve months is around 11.89%, more than ILTB's 5.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILTB iShares Core 10+ Year USD Bond ETF | 4.70% | 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 | 11.89% | 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 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.
ILTB has higher volatility (2.05%) compared to LIBD (1.81%). In terms of maximum drawdown, LIBD dropped -7.31% vs ILTB's -36.88%.
On 1-year performance, ILTB leads with 0.14% vs -2.03% for LIBD. On fees, ILTB is cheaper at 0.06% per year. On volatility, LIBD has been the lower-risk option at 1.81%. 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 0.14% return vs -2.03%. 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 11.89%, compared with 4.70% for ILTB.
LIBD is categorized as Inflation-Protected Bonds, while ILTB is Long-Term Bond. They also come from different issuers: Stone Ridge and iShares. Their fees differ too: 0.25% for LIBD and 0.06% for ILTB.
ILTB currently has the higher Sharpe Ratio (0.12 vs -0.16), 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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