LFAI vs. USFR

Last updated Jun 4, 2026

LFAI (LifeX 2050 Longevity Income ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both Government Bonds funds. LFAI is actively managed, while USFR is passively managed. Over the past year, LFAI returned 4.26% vs 4.03% for USFR. At a correlation of -0.04, they often move in opposite directions. LFAI charges 0.25%/yr vs 0.15%/yr for USFR.

Performance

LFAI vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LifeX 2050 Longevity Income ETF (LFAI) and WisdomTree Floating Rate Treasury Fund (USFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LFAI achieves a -0.43% return, which is significantly lower than USFR's 1.60% return.

LFAI

• 1D: -0.31%
• 1M: 0.37%
• YTD: -0.43%
• 6M: -1.22%
• 1Y: 4.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USFR

• 1D: 0.02%
• 1M: 0.29%
• YTD: 1.60%
• 6M: 1.98%
• 1Y: 4.03%
• 3Y*: 4.76%
• 5Y*: 3.66%
• 10Y*: 2.47%

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

LFAI vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LFAI LifeX 2050 Longevity Income ETF	-0.43%	6.06%	-7.12%
USFR WisdomTree Floating Rate Treasury Fund	1.60%	4.23%	1.56%

Correlation

The correlation between LFAI and USFR is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Sep 17, 2024	-0.04

Return for Risk

LFAI vs. USFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LFAI

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

USFR

USFR Risk / Return Rank: 100
USFR Sharpe Ratio Rank: 100
USFR Sortino Ratio Rank: 100
USFR Omega Ratio Rank: 100
USFR Calmar Ratio Rank: 100
USFR Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LFAI vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LifeX 2050 Longevity Income ETF (LFAI) and WisdomTree Floating Rate Treasury Fund (USFR). 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.

	LFAI	USFR	Difference
Sharpe ratio: Return per unit of total volatility	0.68	15.11	-14.43
Sortino ratio: Return per unit of downside risk	1.02	50.64	-49.62
Omega ratio: Gain probability vs. loss probability	1.12	13.43	-12.32
Calmar ratio: Return relative to maximum drawdown	0.81	203.42	-202.61
Martin ratio: Return relative to average drawdown	2.28	787.84	-785.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LFAI vs. USFR - Sharpe Ratio Comparison

The current LFAI Sharpe Ratio is 0.68, which is lower than the USFR Sharpe Ratio of 15.11. The chart below compares the historical Sharpe Ratios of LFAI and USFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LFAI	USFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	15.11	-14.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	9.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	3.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	1.60	-1.76

Drawdowns

LFAI vs. USFR - Drawdown Comparison

The maximum LFAI drawdown since its inception was -8.64%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for LFAI and USFR.

Drawdown Indicators

	LFAI	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-8.64%	-1.36%	-7.28%
Max Drawdown (1Y) Largest decline over 1 year	-5.30%	-0.02%	-5.28%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.80%	—
Current Drawdown Current decline from peak	-3.38%	0.00%	-3.38%
Average Drawdown Average peak-to-trough decline	-3.52%	-0.16%	-3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	0.01%	+1.86%

Volatility

LFAI vs. USFR - Volatility Comparison

LifeX 2050 Longevity Income ETF (LFAI) has a higher volatility of 2.03% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that LFAI's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFAI	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.03%	0.06%	+1.97%
Volatility (6M) Calculated over the trailing 6-month period	4.42%	0.18%	+4.24%
Volatility (1Y) Calculated over the trailing 1-year period	6.30%	0.27%	+6.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.16%	0.40%	+6.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.16%	0.81%	+6.35%

LFAI vs. USFR - Expense Ratio Comparison

LFAI has a 0.25% expense ratio, which is higher than USFR's 0.15% 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

LFAI vs. USFR - Dividend Comparison

LFAI's dividend yield for the trailing twelve months is around 13.55%, more than USFR's 3.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LFAI LifeX 2050 Longevity Income ETF	13.55%	16.48%	1.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USFR WisdomTree Floating Rate Treasury Fund	3.91%	4.15%	5.17%	5.12%	1.78%	0.01%	0.40%	2.08%	1.67%	1.03%	0.29%

Frequently Asked Questions

Can I hold both LFAI and USFR in my portfolio?

LFAI and USFR 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.

Which is riskier, LFAI or USFR?

LFAI has higher volatility (2.03%) compared to USFR (0.06%). In terms of maximum drawdown, LFAI dropped -8.64% vs USFR's -1.36%.

Which ETF is better, LFAI or USFR?

On 1-year performance, LFAI leads with 4.26% vs 4.03% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LFAI or USFR?

Over the 1-year period, LFAI has performed better with a 4.26% return vs 4.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LFAI or USFR?

USFR is cheaper with a 0.15% expense ratio, compared with 0.25% for LFAI.

Which ETF pays a higher dividend yield, LFAI or USFR?

LFAI has the higher dividend yield at 13.55%, compared with 3.91% for USFR.

What is the main difference between LFAI and USFR?

They also come from different issuers: Stone Ridge and WisdomTree. Their fees differ too: 0.25% for LFAI and 0.15% for USFR.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (15.11 vs 0.68), 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.