NLY vs. IBIC
NLY (Annaly Capital Management, Inc.) is a stock, while IBIC (iShares iBonds Oct 2026 Term TIPS ETF) is Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Over the past year, NLY returned 35.64% vs 4.11% for IBIC. At a 0.05 correlation, their price movements are largely independent.
Performance
NLY vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, NLY achieves a 10.69% return, which is significantly higher than IBIC's 2.48% return.
NLY
- 1D
- 0.65%
- 1M
- 7.62%
- 6M
- 6.09%
- YTD
- 10.69%
- 1Y
- 35.64%
- 3Y*
- 20.13%
- 5Y*
- 6.09%
- 10Y*
- 6.51%
IBIC
- 1D
- -0.06%
- 1M
- 0.14%
- 6M
- 2.32%
- YTD
- 2.48%
- 1Y
- 4.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NLY vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NLY Annaly Capital Management, Inc. | 10.69% | 40.00% | 8.07% | 0.55% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.48% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between NLY and IBIC is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.05 |
The correlation between NLY and IBIC shifts across timeframes, from -0.11 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NLY vs. IBIC — Risk / Return Rank
NLY
IBIC
NLY vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Annaly Capital Management, Inc. (NLY) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| NLY | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -5.54 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 2.08 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 15.39 | -12.98 |
| Martin ratioReturn relative to average drawdown | 6.92 | 52.15 | -45.23 |
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Drawdowns
NLY vs. IBIC - Drawdown Comparison
The maximum NLY drawdown since its inception was -60.09%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for NLY and IBIC.
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Drawdown Indicators
| NLY | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.09% | -0.90% | -59.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.88% | -0.27% | -14.61% |
Max Drawdown (3Y)Largest decline over 3 years | -26.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -50.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.09% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.15% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -13.79% | -0.10% | -13.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 0.08% | +5.08% |
Volatility
NLY vs. IBIC - Volatility Comparison
Annaly Capital Management, Inc. (NLY) has a higher volatility of 5.25% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.31%. This indicates that NLY's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLY | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 0.31% | +4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 15.35% | 0.69% | +14.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.41% | 0.91% | +18.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.57% | 1.56% | +24.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.17% | 1.56% | +26.61% |
Dividends
NLY vs. IBIC - Dividend Comparison
NLY's dividend yield for the trailing twelve months is around 12.31%, more than IBIC's 4.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.63% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NLY Annaly Capital Management, Inc. | 12.31% | 12.52% | 14.21% | 13.42% | 16.70% | 11.25% | 10.77% | 11.15% | 12.22% | 10.09% | 12.04% | 12.79% |
Frequently Asked Questions
NLY and IBIC have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLY has higher volatility (5.25%) compared to IBIC (0.31%). In terms of maximum drawdown, NLY dropped -60.09% vs IBIC's -0.90%.
IBIC currently has the higher Sharpe Ratio (4.54 vs 1.85), 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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