LFAW vs. GGOV
LFAW (LifeX 2060 Longevity Income ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - LFAW is a Government Bonds fund actively managed by Stone Ridge, while GGOV is a Global Bonds fund managed by iShares. A 0.62 correlation means they provide meaningful diversification when combined. LFAW charges 0.25%/yr vs 0.39%/yr for GGOV.
Performance
LFAW vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, LFAW achieves a -0.24% return, which is significantly lower than GGOV's 2.16% return.
LFAW
- 1D
- 0.18%
- 1M
- 0.33%
- YTD
- -0.24%
- 6M
- -0.95%
- 1Y
- 3.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.14%
- 1M
- -0.11%
- YTD
- 2.16%
- 6M
- -1.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LFAW vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LFAW LifeX 2060 Longevity Income ETF | -0.24% | 2.76% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.16% | -2.81% |
Correlation
The correlation between LFAW and GGOV is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.62 |
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Return for Risk
LFAW vs. GGOV — Risk / Return Rank
LFAW
GGOV
LFAW vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LifeX 2060 Longevity Income ETF (LFAW) 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.
| LFAW | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.09 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | — | — |
| Martin ratioReturn relative to average drawdown | 1.67 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LFAW | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | -0.14 | -0.14 |
Drawdowns
LFAW vs. GGOV - Drawdown Comparison
The maximum LFAW drawdown since its inception was -11.37%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for LFAW and GGOV.
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Drawdown Indicators
| LFAW | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.37% | -4.69% | -6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.34% | — | — |
Current DrawdownCurrent decline from peak | -4.21% | -1.64% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -1.59% | -3.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | — | — |
Volatility
LFAW vs. GGOV - Volatility Comparison
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Volatility by Period
| LFAW | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.34% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.65% | 5.37% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.98% | 5.37% | +3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.98% | 5.37% | +3.61% |
LFAW vs. GGOV - Expense Ratio Comparison
LFAW has a 0.25% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
LFAW vs. GGOV - Dividend Comparison
LFAW's dividend yield for the trailing twelve months is around 6.45%, 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% |
LFAW LifeX 2060 Longevity Income ETF | 6.45% | 9.85% | 1.47% |
Frequently Asked Questions
LFAW and GGOV have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LFAW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LFAW is cheaper with a 0.25% expense ratio, compared with 0.39% for GGOV.
LFAW has the higher dividend yield at 6.45%, compared with 0.00% for GGOV.
LFAW 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 LFAW and 0.39% for GGOV.
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