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LIAE vs. ICPI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

LIAE vs. ICPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LifeX 2050 Inflation-Protected Longevity Income ETF (LIAE) and iShares 0-1 Year TIPS Bond ETF (ICPI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LIAE achieves a 0.84% return, which is significantly lower than ICPI's 2.70% return.


LIAE

1D
-0.32%
1M
0.26%
YTD
0.84%
6M
0.10%
1Y
4.97%
3Y*
5Y*
10Y*

ICPI

1D
0.05%
1M
0.44%
YTD
2.70%
6M
2.76%
1Y
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

LIAE vs. ICPI - Yearly Performance Comparison


Correlation

The correlation between LIAE and ICPI is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.


Correlation
Correlation (All Time)
Calculated using the full available price history since Nov 21, 2025

-0.24

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Return for Risk

LIAE vs. ICPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LIAE
LIAE Risk / Return Rank: 2626
Overall Rank
LIAE Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
LIAE Sortino Ratio Rank: 2525
Sortino Ratio Rank
LIAE Omega Ratio Rank: 2424
Omega Ratio Rank
LIAE Calmar Ratio Rank: 2929
Calmar Ratio Rank
LIAE Martin Ratio Rank: 2626
Martin Ratio Rank

ICPI
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LIAE vs. ICPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LifeX 2050 Inflation-Protected Longevity Income ETF (LIAE) and iShares 0-1 Year TIPS Bond ETF (ICPI). 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.


LIAEICPIDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

1.16

Calmar ratioReturn relative to maximum drawdown

1.36

Martin ratioReturn relative to average drawdown

3.43

LIAE vs. ICPI - Sharpe Ratio Comparison


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Sharpe Ratios by Period


LIAEICPIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.90

Sharpe Ratio (All Time)

Calculated using the full available price history

0.05

6.20

-6.16

Drawdowns

LIAE vs. ICPI - Drawdown Comparison

The maximum LIAE drawdown since its inception was -7.03%, which is greater than ICPI's maximum drawdown of -0.22%. Use the drawdown chart below to compare losses from any high point for LIAE and ICPI.


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Drawdown Indicators


LIAEICPIDifference

Max Drawdown

Largest peak-to-trough decline

-7.03%

-0.22%

-6.81%

Max Drawdown (1Y)

Largest decline over 1 year

-3.68%

Current Drawdown

Current decline from peak

-1.41%

0.00%

-1.41%

Average Drawdown

Average peak-to-trough decline

-2.52%

-0.03%

-2.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.45%

Volatility

LIAE vs. ICPI - Volatility Comparison


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Volatility by Period


LIAEICPIDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.46%

Volatility (6M)

Calculated over the trailing 6-month period

3.86%

Volatility (1Y)

Calculated over the trailing 1-year period

5.55%

0.95%

+4.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.58%

0.95%

+5.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.58%

0.95%

+5.63%

LIAE vs. ICPI - Expense Ratio Comparison

LIAE has a 0.25% expense ratio, which is higher than ICPI's 0.09% 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

LIAE vs. ICPI - Dividend Comparison

LIAE's dividend yield for the trailing twelve months is around 9.72%, more than ICPI's 1.80% yield.


PositionTTM20252024
ICPI
iShares 0-1 Year TIPS Bond ETF
1.80%0.54%0.00%
LIAE
LifeX 2050 Inflation-Protected Longevity Income ETF
9.72%10.56%1.47%

Frequently Asked Questions


LIAE and ICPI have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ICPI is cheaper with a 0.09% expense ratio, compared with 0.25% for LIAE.

LIAE has the higher dividend yield at 9.72%, compared with 1.80% for ICPI.

They also come from different issuers: Stone Ridge and iShares. Their fees differ too: 0.25% for LIAE and 0.09% for ICPI.

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