LIAE vs. VTIP

Last updated Jun 4, 2026

LIAE (LifeX 2050 Inflation-Protected Longevity Income ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. LIAE is actively managed, while VTIP is passively managed. Over the past year, LIAE returned 4.97% vs 4.70% for VTIP. A 0.63 correlation means they provide meaningful diversification when combined. LIAE charges 0.25%/yr vs 0.03%/yr for VTIP.

Performance

LIAE vs. VTIP - Performance Comparison

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

Returns By Period

In the year-to-date period, LIAE achieves a 0.84% return, which is significantly lower than VTIP's 2.05% return.

LIAE

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

VTIP

• 1D: 0.00%
• 1M: 0.04%
• YTD: 2.05%
• 6M: 2.03%
• 1Y: 4.70%
• 3Y*: 5.26%
• 5Y*: 3.37%
• 10Y*: 3.14%

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

LIAE vs. VTIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LIAE LifeX 2050 Inflation-Protected Longevity Income ETF	0.84%	6.08%	-6.04%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	2.05%	6.07%	0.06%

Correlation

The correlation between LIAE and VTIP is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Sep 17, 2024	0.63

The correlation between LIAE and VTIP has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

Return for Risk

LIAE vs. VTIP — Risk / Return Rank

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

LIAE

LIAE Risk / Return Rank: 26
LIAE Sharpe Ratio Rank: 26
LIAE Sortino Ratio Rank: 25
LIAE Omega Ratio Rank: 24
LIAE Calmar Ratio Rank: 29
LIAE Martin Ratio Rank: 26

VTIP

VTIP Risk / Return Rank: 93
VTIP Sharpe Ratio Rank: 90
VTIP Sortino Ratio Rank: 95
VTIP Omega Ratio Rank: 93
VTIP Calmar Ratio Rank: 93
VTIP Martin Ratio Rank: 93

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. VTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LifeX 2050 Inflation-Protected Longevity Income ETF (LIAE) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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.

	LIAE	VTIP	Difference
Sharpe ratio Return per unit of total volatility	0.90	3.15	-2.25
Sortino ratio Return per unit of downside risk	1.33	5.36	-4.03
Omega ratio Gain probability vs. loss probability	1.16	1.67	-0.51
Calmar ratio Return relative to maximum drawdown	1.36	6.75	-5.39
Martin ratio Return relative to average drawdown	3.43	26.06	-22.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LIAE vs. VTIP - Sharpe Ratio Comparison

The current LIAE Sharpe Ratio is 0.90, which is lower than the VTIP Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of LIAE and VTIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LIAE	VTIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	3.15	-2.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.22	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.89	-0.85

Drawdowns

LIAE vs. VTIP - Drawdown Comparison

The maximum LIAE drawdown since its inception was -7.03%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for LIAE and VTIP.

Drawdown Indicators

	LIAE	VTIP	Difference
Max Drawdown Largest peak-to-trough decline	-7.03%	-6.27%	-0.76%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-0.70%	-2.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-6.27%	—
Current Drawdown Current decline from peak	-1.41%	-0.02%	-1.39%
Average Drawdown Average peak-to-trough decline	-2.52%	-1.04%	-1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	0.18%	+1.27%

Volatility

LIAE vs. VTIP - Volatility Comparison

LifeX 2050 Inflation-Protected Longevity Income ETF (LIAE) has a higher volatility of 1.46% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.43%. This indicates that LIAE's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIAE	VTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	0.43%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	3.86%	1.02%	+2.84%
Volatility (1Y) Calculated over the trailing 1-year period	5.55%	1.50%	+4.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.58%	2.77%	+3.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.58%	2.74%	+3.84%

LIAE vs. VTIP - Expense Ratio Comparison

LIAE has a 0.25% expense ratio, which is higher than VTIP'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

LIAE vs. VTIP - Dividend Comparison

LIAE's dividend yield for the trailing twelve months is around 9.72%, more than VTIP's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LIAE LifeX 2050 Inflation-Protected Longevity Income ETF	9.72%	10.56%	1.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	3.58%	3.81%	2.70%	2.86%	6.84%	4.68%	1.20%	1.95%	2.45%	1.52%	0.76%

Frequently Asked Questions

Can I hold both LIAE and VTIP in my portfolio?

LIAE and VTIP have a correlation of 0.58, 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 VTIP?

LIAE has higher volatility (1.46%) compared to VTIP (0.43%). In terms of maximum drawdown, LIAE dropped -7.03% vs VTIP's -6.27%.

Which ETF is better, LIAE or VTIP?

On 1-year performance, LIAE leads with 4.97% vs 4.70% for VTIP. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LIAE or VTIP?

Over the 1-year period, LIAE has performed better with a 4.97% return vs 4.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LIAE or VTIP?

VTIP is cheaper with a 0.03% expense ratio, compared with 0.25% for LIAE.

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

LIAE has the higher dividend yield at 9.72%, compared with 3.58% for VTIP.

What is the main difference between LIAE and VTIP?

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

Which has better risk-adjusted returns?

VTIP currently has the higher Sharpe Ratio (3.15 vs 0.90), 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.