LIBD vs. WIP
LIBD (LifeX 2065 Inflation-Protected Longevity Income ETF) and WIP (SPDR FTSE International Government Inflation-Protected Bond ETF) are both Inflation-Protected Bonds funds. LIBD is actively managed, while WIP is passively managed. Over the past year, LIBD returned 3.91% vs 10.26% for WIP. At a 0.33 correlation, their price movements are largely independent. LIBD charges 0.25%/yr vs 0.50%/yr for WIP.
Performance
LIBD vs. WIP - Performance Comparison
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Returns By Period
In the year-to-date period, LIBD achieves a 0.48% return, which is significantly lower than WIP's 4.31% return.
LIBD
- 1D
- -0.40%
- 1M
- 0.93%
- YTD
- 0.48%
- 6M
- -1.01%
- 1Y
- 3.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WIP
- 1D
- -0.72%
- 1M
- 0.70%
- YTD
- 4.31%
- 6M
- 4.96%
- 1Y
- 10.26%
- 3Y*
- 5.08%
- 5Y*
- -0.70%
- 10Y*
- 1.61%
LIBD vs. WIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LIBD LifeX 2065 Inflation-Protected Longevity Income ETF | 0.48% | 3.37% |
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 4.31% | 14.08% |
Correlation
The correlation between LIBD and WIP is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2025 | 0.33 |
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Return for Risk
LIBD vs. WIP — Risk / Return Rank
LIBD
WIP
LIBD vs. WIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD) and SPDR FTSE International Government Inflation-Protected Bond ETF (WIP). 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 | WIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.20 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 2.00 | -1.36 |
| Martin ratioReturn relative to average drawdown | 1.36 | 5.98 | -4.62 |
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 | WIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 1.18 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.06 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.12 | +0.16 |
Drawdowns
LIBD vs. WIP - Drawdown Comparison
The maximum LIBD drawdown since its inception was -7.31%, smaller than the maximum WIP drawdown of -29.60%. Use the drawdown chart below to compare losses from any high point for LIBD and WIP.
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Drawdown Indicators
| LIBD | WIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.31% | -29.60% | +22.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -5.16% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.84% | — |
Current DrawdownCurrent decline from peak | -3.69% | -3.87% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -8.58% | +5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 1.72% | +1.17% |
Volatility
LIBD vs. WIP - Volatility Comparison
The current volatility for LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD) is 2.14%, while SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) has a volatility of 2.95%. This indicates that LIBD experiences smaller price fluctuations and is considered to be less risky than WIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIBD | WIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 2.95% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 5.64% | 6.89% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.08% | 8.72% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.64% | 11.45% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.64% | 10.16% | -0.52% |
LIBD vs. WIP - Expense Ratio Comparison
LIBD has a 0.25% expense ratio, which is lower than WIP's 0.50% expense ratio.
Dividends
LIBD vs. WIP - Dividend Comparison
LIBD's dividend yield for the trailing twelve months is around 11.50%, more than WIP's 5.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 5.79% | 5.51% | 6.06% | 6.54% | 11.15% | 4.63% | 1.59% | 2.49% | 4.05% | 1.91% | 1.27% | 1.14% |
Frequently Asked Questions
LIBD and WIP have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WIP has higher volatility (2.95%) compared to LIBD (2.14%). In terms of maximum drawdown, LIBD dropped -7.31% vs WIP's -29.60%.
On 1-year performance, WIP leads with 10.26% vs 3.91% for LIBD. On fees, LIBD is cheaper at 0.25% 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, WIP has performed better with a 10.26% return vs 3.91%. 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 WIP.
LIBD has the higher dividend yield at 11.50%, compared with 5.79% for WIP.
They also come from different issuers: Stone Ridge and State Street. Their fees differ too: 0.25% for LIBD and 0.50% for WIP.
WIP currently has the higher Sharpe Ratio (1.18 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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