LFAO vs. GGOV
LFAO (LifeX 2055 Longevity Income ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - LFAO is a Government Bonds fund actively managed by Stone Ridge, while GGOV is a Global Bonds fund actively managed by iShares. Both are actively managed. Over the past year, LFAO returned -1.13% vs -0.54% for GGOV. Their 0.64 correlation means they have sometimes moved together and sometimes differently. LFAO charges 0.25%/yr vs 0.39%/yr for GGOV.
Performance
LFAO vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, LFAO achieves a -2.61% return, which is significantly lower than GGOV's 2.49% return.
LFAO
- 1D
- -0.60%
- 1M
- -2.77%
- 6M
- -2.59%
- YTD
- -2.61%
- 1Y
- -1.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.10%
GGOV
- 1D
- 0.00%
- 1M
- -0.22%
- 6M
- 2.93%
- YTD
- 2.49%
- 1Y
- -0.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $61.82M | $62.54M | $76.81M | |
| $25.23K | $13.84K | $16.25K |
LFAO vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LFAO LifeX 2055 Longevity Income ETF | -2.61% | 2.59% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.49% | -2.80% |
Correlation
The correlation between LFAO and GGOV is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.64 |
The correlation between LFAO and GGOV has been stable across timeframes, ranging from 0.63 to 0.64 - a consistent structural relationship.
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Return for Risk
LFAO vs. GGOV — Risk / Return Rank
LFAO
GGOV
LFAO vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LifeX 2055 Longevity Income ETF (LFAO) and iShares Global Government Bond USD Hedged Active ETF (GGOV). 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.
| LFAO | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.01 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 0.01 | -0.01 |
| Martin ratioReturn relative to average drawdown | 0.01 | 0.03 | -0.02 |
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Drawdowns
LFAO vs. GGOV - Drawdown Comparison
The maximum LFAO drawdown since its inception was -10.12%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for LFAO and GGOV.
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Drawdown Indicators
| LFAO | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.12% | -4.69% | -5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -5.86% | -4.69% | -1.17% |
Current DrawdownCurrent decline from peak | -5.78% | -1.32% | -4.46% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -1.54% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.15% | +0.44% |
Volatility
LFAO vs. GGOV - Volatility Comparison
LifeX 2055 Longevity Income ETF (LFAO) has a higher volatility of 1.78% compared to iShares Global Government Bond USD Hedged Active ETF (GGOV) at 0.77%. This indicates that LFAO's price experiences larger fluctuations and is considered to be riskier than GGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LFAO | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 0.77% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 5.23% | 3.57% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.83% | 5.25% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 5.09% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.98% | 5.09% | +2.89% |
LFAO vs. GGOV - Expense Ratio Comparison
LFAO has a 0.25% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
LFAO vs. GGOV - Dividend Comparison
LFAO's dividend yield for the trailing twelve months is around 11.20%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% |
LFAO LifeX 2055 Longevity Income ETF | 11.20% | 14.33% | 1.64% |
Frequently Asked Questions
LFAO and GGOV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LFAO has higher volatility (1.78%) compared to GGOV (0.77%). In terms of maximum drawdown, LFAO dropped -10.12% vs GGOV's -4.69%.
On 1-year performance, GGOV leads with -0.54% vs -1.13% for LFAO. On fees, LFAO is cheaper at 0.25% per year. On volatility, GGOV has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GGOV has performed better with a -0.54% return vs -1.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LFAO is cheaper with a 0.25% expense ratio, compared with 0.39% for GGOV.
LFAO has the higher dividend yield at 11.20%, compared with 0.00% for GGOV.
LFAO is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: Stone Ridge and iShares. Their fees differ too: 0.25% for LFAO and 0.39% for GGOV.
GGOV currently has the higher Sharpe Ratio (0.01 vs 0.00), 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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