LDDR vs. LFDR

Last updated Aug 4, 2026

LDDR (LifeX 2035 Income Bucket ETF) and LFDR (LifeX Durable Income ETF) are both exchange-traded funds - LDDR is a Target Retirement Date fund actively managed by Stone Ridge, while LFDR is a Government Bonds fund actively managed by Stone Ridge. Both are actively managed. Over the past year, LDDR returned 1.42% vs -1.50% for LFDR. Their correlation of 0.88 means they have usually moved in the same direction. Both charge a 0.25% expense ratio.

Performance

LDDR vs. LFDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LifeX 2035 Income Bucket ETF (LDDR) and LifeX Durable Income ETF (LFDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDDR achieves a -0.40% return, which is significantly higher than LFDR's -2.81% return.

LDDR

• 1D: 0.12%
• 1M: -0.55%
• 6M: -0.28%
• YTD: -0.40%
• 1Y: 1.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.97%

LFDR

• 1D: 0.42%
• 1M: -3.07%
• 6M: -2.37%
• YTD: -2.81%
• 1Y: -1.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 0.12%

*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)
LDDR LifeX 2035 Income Bucket ETF	$32.58K	$36.70K	$75.17K
LFDR LifeX Durable Income ETF	$6.88K	$4.36K	$3.11K

LDDR vs. LFDR - Yearly Performance Comparison

	2026 (YTD)	2025
LDDR LifeX 2035 Income Bucket ETF	-0.40%	6.74%
LFDR LifeX Durable Income ETF	-2.81%	5.06%

Correlation

The correlation between LDDR and LFDR is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025	0.88

The correlation between LDDR and LFDR has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

Return for Risk

LDDR vs. LFDR — Risk / Return Rank

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

LDDR

LDDR Risk / Return Rank: 19
LDDR Sharpe Ratio Rank: 21
LDDR Sortino Ratio Rank: 19
LDDR Omega Ratio Rank: 18
LDDR Calmar Ratio Rank: 20
LDDR Martin Ratio Rank: 20

LFDR

LFDR Risk / Return Rank: 7
LFDR Sharpe Ratio Rank: 8
LFDR Sortino Ratio Rank: 7
LFDR Omega Ratio Rank: 7
LFDR Calmar Ratio Rank: 8
LFDR Martin Ratio Rank: 7

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.

LDDR vs. LFDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LifeX 2035 Income Bucket ETF (LDDR) and LifeX Durable Income ETF (LFDR). 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.

	LDDR	LFDR	Difference
Sharpe ratio: Return per unit of total volatility	0.48	-0.19	+0.66
Sortino ratio: Return per unit of downside risk	0.70	-0.21	+0.91
Omega ratio: Gain probability vs. loss probability	1.08	0.98	+0.10
Calmar ratio: Return relative to maximum drawdown	0.57	-0.22	+0.79
Martin ratio: Return relative to average drawdown	1.33	-0.49	+1.81

LDDR vs. LFDR - Sharpe Ratio Comparison

The current LDDR Sharpe Ratio is 0.48, which is higher than the LFDR Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of LDDR and LFDR, 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

LDDR vs. LFDR - Drawdown Comparison

The maximum LDDR drawdown since its inception was -2.50%, smaller than the maximum LFDR drawdown of -7.77%. Use the drawdown chart below to compare losses from any high point for LDDR and LFDR.

Drawdown Indicators

	LDDR	LFDR	Difference
Max Drawdown Largest peak-to-trough decline	-2.50%	-7.77%	+5.27%
Max Drawdown (1Y) Largest decline over 1 year	-2.50%	-6.84%	+4.34%
Current Drawdown Current decline from peak	-1.93%	-6.46%	+4.53%
Average Drawdown Average peak-to-trough decline	-0.78%	-3.08%	+2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	3.09%	-2.02%

Volatility

LDDR vs. LFDR - Volatility Comparison

The current volatility for LifeX 2035 Income Bucket ETF (LDDR) is 0.77%, while LifeX Durable Income ETF (LFDR) has a volatility of 2.21%. This indicates that LDDR experiences smaller price fluctuations and is considered to be less risky than LFDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDDR	LFDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	2.21%	-1.44%
Volatility (6M) Calculated over the trailing 6-month period	2.37%	6.07%	-3.70%
Volatility (1Y) Calculated over the trailing 1-year period	2.99%	8.01%	-5.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.93%	9.46%	-5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.93%	9.46%	-5.53%

LDDR vs. LFDR - Expense Ratio Comparison

Both LDDR and LFDR have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

LDDR vs. LFDR - Dividend Comparison

LDDR's dividend yield for the trailing twelve months is around 12.83%, more than LFDR's 8.47% yield.

Position	TTM	2025
LDDR LifeX 2035 Income Bucket ETF	12.83%	14.63%
LFDR LifeX Durable Income ETF	8.47%	13.10%

Frequently Asked Questions

Can I hold both LDDR and LFDR in my portfolio?

LDDR and LFDR have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LDDR or LFDR?

LFDR has higher volatility (2.21%) compared to LDDR (0.77%). In terms of maximum drawdown, LDDR dropped -2.50% vs LFDR's -7.77%.

Which ETF is better, LDDR or LFDR?

On 1-year performance, LDDR leads with 1.42% vs -1.50% for LFDR. Both ETFs have the same 0.25% expense ratio. On volatility, LDDR has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LDDR or LFDR?

Over the 1-year period, LDDR has performed better with a 1.42% return vs -1.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LDDR or LFDR?

LDDR and LFDR have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, LDDR or LFDR?

LDDR has the higher dividend yield at 12.83%, compared with 8.47% for LFDR.

What is the main difference between LDDR and LFDR?

LDDR is categorized as Target Retirement Date, while LFDR is Government Bonds.

Which has better risk-adjusted returns?

LDDR currently has the higher Sharpe Ratio (0.48 vs -0.19), 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.