LIAE vs. LDDR

Last updated Aug 1, 2026

LIAE (LifeX 2050 Inflation-Protected Longevity Income ETF) and LDDR (LifeX 2035 Income Bucket ETF) are both exchange-traded funds - LIAE is a Inflation-Protected Bonds fund actively managed by Stone Ridge, while LDDR is a Target Retirement Date fund actively managed by Stone Ridge. Both are actively managed. Over the past year, LIAE returned -0.09% vs 1.29% for LDDR. Their correlation of 0.84 means they have usually moved in the same direction. Both charge a 0.25% expense ratio.

Performance

LIAE vs. LDDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LifeX 2050 Inflation-Protected Longevity Income ETF (LIAE) and LifeX 2035 Income Bucket ETF (LDDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIAE achieves a -1.55% return, which is significantly lower than LDDR's -0.52% return.

LIAE

• 1D: -0.36%
• 1M: -2.05%
• 6M: -1.57%
• YTD: -1.55%
• 1Y: -0.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.01%

LDDR

• 1D: -0.21%
• 1M: -0.67%
• 6M: -0.55%
• YTD: -0.52%
• 1Y: 1.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.91%

*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)
LDDR LifeX 2035 Income Bucket ETF	$28.91K	$34.28K	$95.52K
LIAE LifeX 2050 Inflation-Protected Longevity Income ETF	$11.56K	$7.81K	$11.30K

LIAE vs. LDDR - Yearly Performance Comparison

	2026 (YTD)	2025
LIAE LifeX 2050 Inflation-Protected Longevity Income ETF	-1.55%	6.46%
LDDR LifeX 2035 Income Bucket ETF	-0.52%	6.74%

Correlation

The correlation between LIAE and LDDR is 0.83, 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.	0.83
Correlation (All Time) Calculated using the full available price history since Jan 6, 2025	0.84

The correlation between LIAE and LDDR has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

Return for Risk

LIAE vs. LDDR — Risk / Return Rank

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

LIAE

LIAE Risk / Return Rank: 13
LIAE Sharpe Ratio Rank: 14
LIAE Sortino Ratio Rank: 12
LIAE Omega Ratio Rank: 12
LIAE Calmar Ratio Rank: 14
LIAE Martin Ratio Rank: 14

LDDR

LDDR Risk / Return Rank: 27
LDDR Sharpe Ratio Rank: 29
LDDR Sortino Ratio Rank: 27
LDDR Omega Ratio Rank: 25
LDDR Calmar Ratio Rank: 27
LDDR Martin Ratio Rank: 25

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.

LIAE vs. LDDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LifeX 2050 Inflation-Protected Longevity Income ETF (LIAE) and LifeX 2035 Income Bucket ETF (LDDR). 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.

	LIAE	LDDR	Difference
Sharpe ratio: Return per unit of total volatility	0.12	0.69	-0.56
Sortino ratio: Return per unit of downside risk	0.21	1.04	-0.83
Omega ratio: Gain probability vs. loss probability	1.02	1.12	-0.09
Calmar ratio: Return relative to maximum drawdown	0.18	0.85	-0.67
Martin ratio: Return relative to average drawdown	0.40	2.00	-1.61

LIAE vs. LDDR - Sharpe Ratio Comparison

The current LIAE Sharpe Ratio is 0.12, which is lower than the LDDR Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of LIAE and LDDR, 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

LIAE vs. LDDR - Drawdown Comparison

The maximum LIAE drawdown since its inception was -7.03%, which is greater than LDDR's maximum drawdown of -2.50%. Use the drawdown chart below to compare losses from any high point for LIAE and LDDR.

Drawdown Indicators

	LIAE	LDDR	Difference
Max Drawdown Largest peak-to-trough decline	-7.03%	-2.50%	-4.53%
Max Drawdown (1Y) Largest decline over 1 year	-3.75%	-2.50%	-1.25%
Current Drawdown Current decline from peak	-3.75%	-2.05%	-1.70%
Average Drawdown Average peak-to-trough decline	-2.48%	-0.78%	-1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	1.06%	+0.65%

Volatility

LIAE vs. LDDR - Volatility Comparison

LifeX 2050 Inflation-Protected Longevity Income ETF (LIAE) has a higher volatility of 1.23% compared to LifeX 2035 Income Bucket ETF (LDDR) at 0.77%. This indicates that LIAE's price experiences larger fluctuations and is considered to be riskier than LDDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIAE	LDDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	0.77%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	4.12%	2.36%	+1.76%
Volatility (1Y) Calculated over the trailing 1-year period	5.44%	3.09%	+2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.49%	3.94%	+2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.49%	3.94%	+2.55%

LIAE vs. LDDR - Expense Ratio Comparison

Both LIAE and LDDR have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

LIAE vs. LDDR - Dividend Comparison

LIAE's dividend yield for the trailing twelve months is around 9.89%, less than LDDR's 12.85% yield.

Position	TTM	2025	2024
LDDR LifeX 2035 Income Bucket ETF	12.85%	14.63%	0.00%
LIAE LifeX 2050 Inflation-Protected Longevity Income ETF	9.89%	10.56%	1.47%

Frequently Asked Questions

Can I hold both LIAE and LDDR in my portfolio?

LIAE and LDDR have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIAE or LDDR?

LIAE has higher volatility (1.23%) compared to LDDR (0.77%). In terms of maximum drawdown, LIAE dropped -7.03% vs LDDR's -2.50%.

Which ETF is better, LIAE or LDDR?

On 1-year performance, LDDR leads with 1.29% vs -0.09% for LIAE. Both ETFs have the same 0.25% expense ratio. On volatility, LDDR has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LIAE or LDDR?

Over the 1-year period, LDDR has performed better with a 1.29% return vs -0.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LIAE or LDDR?

LIAE and LDDR have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, LIAE or LDDR?

LDDR has the higher dividend yield at 12.85%, compared with 9.89% for LIAE.

What is the main difference between LIAE and LDDR?

LIAE is categorized as Inflation-Protected Bonds, while LDDR is Target Retirement Date.

Which has better risk-adjusted returns?

LDDR currently has the higher Sharpe Ratio (0.69 vs 0.12), 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.