LFBE vs. GGOV
LFBE (LifeX 2065 Longevity Income ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - LFBE 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, LFBE returned -1.97% vs -0.54% for GGOV. Their 0.62 correlation means they have sometimes moved together and sometimes differently. LFBE charges 0.25%/yr vs 0.39%/yr for GGOV.
Performance
LFBE vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, LFBE achieves a -3.24% return, which is significantly lower than GGOV's 2.49% return.
LFBE
- 1D
- -0.74%
- 1M
- -3.48%
- 6M
- -3.19%
- YTD
- -3.24%
- 1Y
- -1.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.11%
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 | |
| $4.00K | $2.68K | $1.31K |
LFBE vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LFBE LifeX 2065 Longevity Income ETF | -3.24% | 2.38% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.49% | -2.80% |
Correlation
The correlation between LFBE and GGOV is 0.62, 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. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.62 |
The correlation between LFBE and GGOV has been stable across timeframes, ranging from 0.62 to 0.62 - a consistent structural relationship.
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Return for Risk
LFBE vs. GGOV — Risk / Return Rank
LFBE
GGOV
LFBE vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LifeX 2065 Longevity Income ETF (LFBE) 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.
| LFBE | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.01 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.01 | -0.12 |
| Martin ratioReturn relative to average drawdown | -0.24 | 0.03 | -0.27 |
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Drawdowns
LFBE vs. GGOV - Drawdown Comparison
The maximum LFBE drawdown since its inception was -7.65%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for LFBE and GGOV.
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Drawdown Indicators
| LFBE | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.65% | -4.69% | -2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -4.69% | -2.17% |
Current DrawdownCurrent decline from peak | -6.86% | -1.32% | -5.54% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -1.54% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.15% | +0.91% |
Volatility
LFBE vs. GGOV - Volatility Comparison
LifeX 2065 Longevity Income ETF (LFBE) has a higher volatility of 2.15% compared to iShares Global Government Bond USD Hedged Active ETF (GGOV) at 0.77%. This indicates that LFBE'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
| LFBE | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 0.77% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 3.57% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.06% | 5.25% | +2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.25% | 5.09% | +4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 5.09% | +4.16% |
LFBE vs. GGOV - Expense Ratio Comparison
LFBE has a 0.25% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
LFBE vs. GGOV - Dividend Comparison
LFBE's dividend yield for the trailing twelve months is around 8.53%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% |
LFBE LifeX 2065 Longevity Income ETF | 8.53% | 12.22% |
Frequently Asked Questions
LFBE 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.
LFBE has higher volatility (2.15%) compared to GGOV (0.77%). In terms of maximum drawdown, LFBE dropped -7.65% vs GGOV's -4.69%.
On 1-year performance, GGOV leads with -0.54% vs -1.97% for LFBE. On fees, LFBE 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 -1.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LFBE is cheaper with a 0.25% expense ratio, compared with 0.39% for GGOV.
LFBE has the higher dividend yield at 8.53%, compared with 0.00% for GGOV.
LFBE 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 LFBE and 0.39% for GGOV.
GGOV currently has the higher Sharpe Ratio (0.01 vs -0.09), 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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