LFAO vs. GOVZ
LFAO (LifeX 2055 Longevity Income ETF) and GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) are both Government Bonds funds. LFAO is actively managed, while GOVZ is passively managed. Over the past year, LFAO returned 2.89% vs 1.40% for GOVZ. Their correlation of 0.93 suggests significant overlap in exposure. LFAO charges 0.25%/yr vs 0.15%/yr for GOVZ.
Performance
LFAO vs. GOVZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LFAO achieves a -0.78% return, which is significantly higher than GOVZ's -2.09% return.
LFAO
- 1D
- -0.07%
- 1M
- -0.66%
- 6M
- -1.26%
- YTD
- -0.78%
- 1Y
- 2.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOVZ
- 1D
- 0.09%
- 1M
- -2.04%
- 6M
- -3.44%
- YTD
- -2.09%
- 1Y
- 1.40%
- 3Y*
- -7.15%
- 5Y*
- -12.99%
- 10Y*
- —
LFAO vs. GOVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LFAO LifeX 2055 Longevity Income ETF | -0.78% | 5.65% | -8.36% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | -2.09% | -1.81% | -18.27% |
Correlation
The correlation between LFAO and GOVZ is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2024 | 0.93 |
The correlation between LFAO and GOVZ has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LFAO vs. GOVZ — Risk / Return Rank
LFAO
GOVZ
LFAO vs. GOVZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LifeX 2055 Longevity Income ETF (LFAO) and iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ). 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 | GOVZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.00 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | -0.08 | +0.42 |
| Martin ratioReturn relative to average drawdown | 0.85 | -0.16 | +1.02 |
Loading charts...
Drawdowns
LFAO vs. GOVZ - Drawdown Comparison
The maximum LFAO drawdown since its inception was -10.12%, smaller than the maximum GOVZ drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for LFAO and GOVZ.
Loading charts...
Drawdown Indicators
| LFAO | GOVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.12% | -59.65% | +49.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.86% | -14.16% | +8.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -4.01% | -56.98% | +52.97% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -40.16% | +35.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 6.66% | -4.32% |
Volatility
LFAO vs. GOVZ - Volatility Comparison
The current volatility for LifeX 2055 Longevity Income ETF (LFAO) is 2.15%, while iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a volatility of 4.84%. This indicates that LFAO experiences smaller price fluctuations and is considered to be less risky than GOVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LFAO | GOVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 4.84% | -2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 5.18% | 11.07% | -5.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 15.72% | -8.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.02% | 23.84% | -15.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.02% | 23.23% | -15.21% |
LFAO vs. GOVZ - Expense Ratio Comparison
LFAO has a 0.25% expense ratio, which is higher than GOVZ'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
LFAO vs. GOVZ - Dividend Comparison
LFAO's dividend yield for the trailing twelve months is around 11.00%, more than GOVZ's 5.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.25% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% |
LFAO LifeX 2055 Longevity Income ETF | 11.00% | 14.33% | 1.64% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, LFAO and GOVZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GOVZ has higher volatility (4.84%) compared to LFAO (2.15%). In terms of maximum drawdown, LFAO dropped -10.12% vs GOVZ's -59.65%.
On 1-year performance, LFAO leads with 2.89% vs 1.40% for GOVZ. On fees, GOVZ is cheaper at 0.15% per year. On volatility, LFAO has been the lower-risk option at 2.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LFAO has performed better with a 2.89% return vs 1.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GOVZ is cheaper with a 0.15% expense ratio, compared with 0.25% for LFAO.
LFAO has the higher dividend yield at 11.00%, compared with 5.25% for GOVZ.
They also come from different issuers: Stone Ridge and iShares. Their fees differ too: 0.25% for LFAO and 0.15% for GOVZ.
LFAO currently has the higher Sharpe Ratio (0.29 vs -0.07), 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.
Find the right allocation for LFAO and GOVZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer