LIBD vs. VTIP

Last updated Aug 1, 2026

LIBD (LifeX 2065 Inflation-Protected Longevity Income ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. LIBD is actively managed, while VTIP is passively managed. Over the past year, LIBD returned -2.03% vs 3.09% for VTIP. Their 0.48 correlation means their historical movements had little consistent relationship. LIBD charges 0.25%/yr vs 0.03%/yr for VTIP.

Performance

LIBD vs. VTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIBD achieves a -2.94% return, which is significantly lower than VTIP's 1.83% return.

LIBD

• 1D: -0.53%
• 1M: -3.26%
• 6M: -2.95%
• YTD: -2.94%
• 1Y: -2.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -2.29%

VTIP

• 1D: 0.00%
• 1M: 0.16%
• 6M: 1.28%
• YTD: 1.83%
• 1Y: 3.09%
• 3Y*: 5.11%
• 5Y*: 3.06%
• 10Y*: 3.10%
• ALL TIME*: 2.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF	$6.78K	$11.16K	$6.65K
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	$104.26M	$116.98M	$124.63M

LIBD vs. VTIP - Yearly Performance Comparison

	2026 (YTD)	2025
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF	-2.94%	-0.63%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	1.83%	6.04%

Correlation

The correlation between LIBD and VTIP is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025	0.48

Return for Risk

LIBD vs. VTIP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LIBD

LIBD Risk / Return Rank: 8
LIBD Sharpe Ratio Rank: 9
LIBD Sortino Ratio Rank: 8
LIBD Omega Ratio Rank: 8
LIBD Calmar Ratio Rank: 8
LIBD Martin Ratio Rank: 8

VTIP

VTIP Risk / Return Rank: 92
VTIP Sharpe Ratio Rank: 90
VTIP Sortino Ratio Rank: 93
VTIP Omega Ratio Rank: 92
VTIP Calmar Ratio Rank: 94
VTIP Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LIBD vs. VTIP - 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 Short-Term Inflation-Protected Securities ETF (VTIP). 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	VTIP	Difference
Sharpe ratio: Return per unit of total volatility	-0.16	2.25	-2.41
Sortino ratio: Return per unit of downside risk	-0.17	3.57	-3.74
Omega ratio: Gain probability vs. loss probability	0.98	1.46	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.18	4.93	-5.12
Martin ratio: Return relative to average drawdown	-0.38	15.25	-15.62

LIBD vs. VTIP - Sharpe Ratio Comparison

The current LIBD Sharpe Ratio is -0.16, which is lower than the VTIP Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of LIBD and VTIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LIBD vs. VTIP - Drawdown Comparison

The maximum LIBD drawdown since its inception was -7.31%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for LIBD and VTIP.

Drawdown Indicators

	LIBD	VTIP	Difference
Max Drawdown Largest peak-to-trough decline	-7.31%	-6.27%	-1.04%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-0.71%	-6.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-6.27%	—
Current Drawdown Current decline from peak	-6.96%	-0.23%	-6.73%
Average Drawdown Average peak-to-trough decline	-3.46%	-1.03%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	0.23%	+3.17%

Volatility

LIBD vs. VTIP - Volatility Comparison

LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD) has a higher volatility of 1.81% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.41%. This indicates that LIBD's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIBD	VTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.81%	0.41%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	5.85%	1.22%	+4.63%
Volatility (1Y) Calculated over the trailing 1-year period	7.85%	1.57%	+6.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.94%	2.76%	+7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.94%	2.74%	+7.20%

LIBD vs. VTIP - Expense Ratio Comparison

LIBD has a 0.25% expense ratio, which is higher than VTIP'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. VTIP - Dividend Comparison

LIBD's dividend yield for the trailing twelve months is around 11.89%, more than VTIP's 4.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	4.15%	3.81%	2.70%	2.86%	6.84%	4.68%	1.20%	1.95%	2.45%	1.52%	0.76%

Frequently Asked Questions

Can I hold both LIBD and VTIP in my portfolio?

LIBD and VTIP have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIBD or VTIP?

LIBD has higher volatility (1.81%) compared to VTIP (0.41%). In terms of maximum drawdown, LIBD dropped -7.31% vs VTIP's -6.27%.

Which ETF is better, LIBD or VTIP?

On 1-year performance, VTIP leads with 3.09% vs -2.03% for LIBD. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LIBD or VTIP?

Over the 1-year period, VTIP has performed better with a 3.09% return vs -2.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LIBD or VTIP?

VTIP is cheaper with a 0.03% expense ratio, compared with 0.25% for LIBD.

Which ETF pays a higher dividend yield, LIBD or VTIP?

LIBD has the higher dividend yield at 11.89%, compared with 4.15% for VTIP.

What is the main difference between LIBD and VTIP?

They also come from different issuers: Stone Ridge and Vanguard. Their fees differ too: 0.25% for LIBD and 0.03% for VTIP.

Which has better risk-adjusted returns?

VTIP currently has the higher Sharpe Ratio (2.25 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.