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 3.91% vs 7.17% for ILTB. Their correlation of 0.92 suggests significant overlap in exposure. 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 0.48% return, which is significantly higher than ILTB's 0.30% return.
LIBD
- 1D
- -0.40%
- 1M
- 0.93%
- YTD
- 0.48%
- 6M
- -1.01%
- 1Y
- 3.91%
- 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%
LIBD vs. ILTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF | 0.48% | 3.37% |
ILTB iShares Core 10+ Year USD Bond ETF | 0.30% | 7.84% |
Correlation
The correlation between LIBD and ILTB 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 7, 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.
| LIBD | ILTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.16 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.33 | -0.69 |
| Martin ratioReturn relative to average drawdown | 1.36 | 3.38 | -2.02 |
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
| LIBD | ILTB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.91 | -0.43 |
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 | 0.29 | 0.35 | -0.06 |
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 | -6.19% | -5.42% | -0.77% |
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 | -3.69% | -21.28% | +17.59% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -9.92% | +6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.13% | +0.76% |
Volatility
LIBD vs. ILTB - Volatility Comparison
The current volatility for LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD) is 2.14%, while iShares Core 10+ Year USD Bond ETF (ILTB) has a volatility of 2.50%. 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 | 2.14% | 2.50% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 5.64% | 5.54% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.08% | 7.88% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.64% | 12.64% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.64% | 11.56% | -1.92% |
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 11.50%, 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% |
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 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 (2.50%) compared to LIBD (2.14%). In terms of maximum drawdown, LIBD dropped -7.31% vs ILTB's -36.88%.
On 1-year performance, ILTB leads with 7.17% vs 3.91% for LIBD. On fees, ILTB is cheaper at 0.06% per year. On volatility, LIBD has been the lower-risk option at 2.14%. 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 3.91%. 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 11.50%, compared with 4.96% 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 (0.91 vs 0.49), 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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