LIBD vs. RLY
LIBD (LifeX 2065 Inflation-Protected Longevity Income ETF) and RLY (State Street Multi-Asset Real Return ETF) are both exchange-traded funds - LIBD is a Inflation-Protected Bonds fund actively managed by Stone Ridge, while RLY is a Global Allocation fund tracking the Bloomberg U.S. Government Inflation-Linked Bond Index. LIBD is actively managed, while RLY is passively managed. Over the past year, LIBD returned -2.03% vs 27.64% for RLY. Their 0.12 correlation means their historical movements had little consistent relationship. LIBD charges 0.25%/yr vs 0.50%/yr for RLY.
Performance
LIBD vs. RLY - 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 RLY's 15.77% return.
LIBD
- 1D
- -0.53%
- 1M
- -3.26%
- 6M
- -2.95%
- YTD
- -2.94%
- 1Y
- -2.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.29%
RLY
- 1D
- -0.46%
- 1M
- 4.07%
- 6M
- 7.44%
- YTD
- 15.77%
- 1Y
- 27.64%
- 3Y*
- 12.72%
- 5Y*
- 10.48%
- 10Y*
- 8.27%
- ALL TIME*
- 4.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.78K | $11.16K | $6.65K | |
| $4.60M | $7.84M | $7.75M |
LIBD vs. RLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF | -2.94% | -0.63% |
RLY State Street Multi-Asset Real Return ETF | 15.77% | 19.38% |
Correlation
The correlation between LIBD and RLY is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025 | 0.12 |
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Return for Risk
LIBD vs. RLY — Risk / Return Rank
LIBD
RLY
LIBD vs. RLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD) and State Street Multi-Asset Real Return ETF (RLY). 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 | RLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.77 | ||
| Sortino ratioReturn per unit of downside risk | -3.73 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.48 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 3.66 | -3.84 |
| Martin ratioReturn relative to average drawdown | -0.38 | 12.77 | -13.14 |
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Drawdowns
LIBD vs. RLY - Drawdown Comparison
The maximum LIBD drawdown since its inception was -7.31%, smaller than the maximum RLY drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for LIBD and RLY.
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Drawdown Indicators
| LIBD | RLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.31% | -37.75% | +30.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | -7.54% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.17% | — |
Current DrawdownCurrent decline from peak | -6.96% | -2.74% | -4.22% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -9.40% | +5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 2.16% | +1.24% |
Volatility
LIBD vs. RLY - Volatility Comparison
The current volatility for LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD) is 1.81%, while State Street Multi-Asset Real Return ETF (RLY) has a volatility of 2.68%. This indicates that LIBD experiences smaller price fluctuations and is considered to be less risky than RLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIBD | RLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 2.68% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 8.44% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.85% | 10.60% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.94% | 13.46% | -3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.94% | 13.80% | -3.86% |
LIBD vs. RLY - Expense Ratio Comparison
LIBD has a 0.25% expense ratio, which is lower than RLY's 0.50% expense ratio.
Dividends
LIBD vs. RLY - Dividend Comparison
LIBD's dividend yield for the trailing twelve months is around 11.89%, more than RLY's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RLY State Street Multi-Asset Real Return ETF | 3.06% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
Frequently Asked Questions
LIBD and RLY have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLY has higher volatility (2.68%) compared to LIBD (1.81%). In terms of maximum drawdown, LIBD dropped -7.31% vs RLY's -37.75%.
On 1-year performance, RLY leads with 27.64% vs -2.03% for LIBD. On fees, LIBD is cheaper at 0.25% 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, RLY has performed better with a 27.64% return vs -2.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LIBD is cheaper with a 0.25% expense ratio, compared with 0.50% for RLY.
LIBD has the higher dividend yield at 11.89%, compared with 3.06% for RLY.
LIBD is categorized as Inflation-Protected Bonds, while RLY is Global Allocation. They also come from different issuers: Stone Ridge and State Street. Their fees differ too: 0.25% for LIBD and 0.50% for RLY.
RLY currently has the higher Sharpe Ratio (2.61 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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