LFBE vs. VGIT

Last updated Aug 4, 2026

LFBE (LifeX 2065 Longevity Income ETF) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both Government Bonds funds. LFBE is actively managed, while VGIT is passively managed. Over the past year, LFBE returned -1.56% vs 1.28% for VGIT. Their correlation of 0.87 means they have usually moved in the same direction. LFBE charges 0.25%/yr vs 0.03%/yr for VGIT.

Performance

LFBE vs. VGIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LifeX 2065 Longevity Income ETF (LFBE) and Vanguard Intermediate-Term Treasury ETF (VGIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LFBE achieves a -2.84% return, which is significantly lower than VGIT's -0.61% return.

LFBE

• 1D: 0.42%
• 1M: -3.08%
• 6M: -2.40%
• YTD: -2.84%
• 1Y: -1.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.37%

VGIT

• 1D: 0.16%
• 1M: -0.60%
• 6M: -0.43%
• YTD: -0.61%
• 1Y: 1.28%
• 3Y*: 3.67%
• 5Y*: -0.25%
• 10Y*: 1.13%
• ALL TIME*: 2.14%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LFBE LifeX 2065 Longevity Income ETF	$4.00K	$2.68K	$1.34K
VGIT Vanguard Intermediate-Term Treasury ETF	$130.25M	$142.29M	$175.18M

LFBE vs. VGIT - Yearly Performance Comparison

	2026 (YTD)	2025
LFBE LifeX 2065 Longevity Income ETF	-2.84%	5.14%
VGIT Vanguard Intermediate-Term Treasury ETF	-0.61%	7.43%

Correlation

The correlation between LFBE and VGIT is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025	0.87

The correlation between LFBE and VGIT has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

Return for Risk

LFBE vs. VGIT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LFBE

LFBE Risk / Return Rank: 7
LFBE Sharpe Ratio Rank: 8
LFBE Sortino Ratio Rank: 7
LFBE Omega Ratio Rank: 7
LFBE Calmar Ratio Rank: 8
LFBE Martin Ratio Rank: 7

VGIT

VGIT Risk / Return Rank: 19
VGIT Sharpe Ratio Rank: 20
VGIT Sortino Ratio Rank: 18
VGIT Omega Ratio Rank: 17
VGIT Calmar Ratio Rank: 19
VGIT Martin Ratio Rank: 18

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LFBE vs. VGIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LifeX 2065 Longevity Income ETF (LFBE) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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	VGIT	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	0.40	-0.60
Sortino ratio: Return per unit of downside risk	-0.22	0.59	-0.81
Omega ratio: Gain probability vs. loss probability	0.98	1.07	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.23	0.45	-0.68
Martin ratio: Return relative to average drawdown	-0.51	1.04	-1.55

LFBE vs. VGIT - Sharpe Ratio Comparison

The current LFBE Sharpe Ratio is -0.20, which is lower than the VGIT Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of LFBE and VGIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LFBE vs. VGIT - Drawdown Comparison

The maximum LFBE drawdown since its inception was -7.65%, smaller than the maximum VGIT drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for LFBE and VGIT.

Drawdown Indicators

	LFBE	VGIT	Difference
Max Drawdown Largest peak-to-trough decline	-7.65%	-16.05%	+8.40%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-2.83%	-4.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-16.05%	—
Current Drawdown Current decline from peak	-6.47%	-2.54%	-3.93%
Average Drawdown Average peak-to-trough decline	-3.03%	-3.51%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	1.23%	+1.86%

Volatility

LFBE vs. VGIT - Volatility Comparison

LifeX 2065 Longevity Income ETF (LFBE) has a higher volatility of 2.22% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 0.84%. This indicates that LFBE's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFBE	VGIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.22%	0.84%	+1.38%
Volatility (6M) Calculated over the trailing 6-month period	6.08%	2.60%	+3.48%
Volatility (1Y) Calculated over the trailing 1-year period	7.99%	3.20%	+4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.24%	5.39%	+3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.24%	4.49%	+4.75%

LFBE vs. VGIT - Expense Ratio Comparison

LFBE has a 0.25% expense ratio, which is higher than VGIT's 0.03% 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

LFBE vs. VGIT - Dividend Comparison

LFBE's dividend yield for the trailing twelve months is around 8.49%, more than VGIT's 3.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LFBE LifeX 2065 Longevity Income ETF	8.49%	12.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGIT Vanguard Intermediate-Term Treasury ETF	3.90%	3.79%	3.67%	2.73%	1.74%	1.69%	2.23%	2.24%	2.05%	1.67%	1.69%	1.69%

Frequently Asked Questions

Can I hold both LFBE and VGIT in my portfolio?

LFBE and VGIT have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFBE or VGIT?

LFBE has higher volatility (2.22%) compared to VGIT (0.84%). In terms of maximum drawdown, LFBE dropped -7.65% vs VGIT's -16.05%.

Which ETF is better, LFBE or VGIT?

On 1-year performance, VGIT leads with 1.28% vs -1.56% for LFBE. On fees, VGIT is cheaper at 0.03% per year. On volatility, VGIT has been the lower-risk option at 0.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LFBE or VGIT?

Over the 1-year period, VGIT has performed better with a 1.28% return vs -1.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LFBE or VGIT?

VGIT is cheaper with a 0.03% expense ratio, compared with 0.25% for LFBE.

Which ETF pays a higher dividend yield, LFBE or VGIT?

LFBE has the higher dividend yield at 8.49%, compared with 3.90% for VGIT.

What is the main difference between LFBE and VGIT?

They also come from different issuers: Stone Ridge and Vanguard. Their fees differ too: 0.25% for LFBE and 0.03% for VGIT.

Which has better risk-adjusted returns?

VGIT currently has the higher Sharpe Ratio (0.40 vs -0.20), 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.