LIAE vs. VTP

Last updated Jun 3, 2026

LIAE (LifeX 2050 Inflation-Protected Longevity Income ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. LIAE is actively managed, while VTP is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. LIAE charges 0.25%/yr vs 0.05%/yr for VTP.

Performance

LIAE vs. VTP - 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 Total Inflation-Protected Securities ETF (VTP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIAE achieves a 1.17% return, which is significantly lower than VTP's 1.70% return.

LIAE

• 1D: 0.07%
• 1M: 0.23%
• YTD: 1.17%
• 6M: 0.73%
• 1Y: 5.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTP

• 1D: 0.01%
• 1M: -0.07%
• YTD: 1.70%
• 6M: 1.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LIAE vs. VTP - Yearly Performance Comparison

	2026 (YTD)	2025
LIAE LifeX 2050 Inflation-Protected Longevity Income ETF	1.17%	2.40%
VTP Vanguard Total Inflation-Protected Securities ETF	1.70%	2.27%

Correlation

The correlation between LIAE and VTP is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.92

Return for Risk

LIAE vs. VTP — Risk / Return Rank

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

LIAE

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

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. VTP - 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 Total Inflation-Protected Securities ETF (VTP). 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	VTP	Difference
Sharpe ratio Return per unit of total volatility	0.94	—	—
Sortino ratio Return per unit of downside risk	1.39	—	—
Omega ratio Gain probability vs. loss probability	1.16	—	—
Calmar ratio Return relative to maximum drawdown	1.26	—	—
Martin ratio Return relative to average drawdown	3.21	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LIAE	VTP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	1.37	-1.30

Drawdowns

LIAE vs. VTP - Drawdown Comparison

The maximum LIAE drawdown since its inception was -7.03%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for LIAE and VTP.

Drawdown Indicators

	LIAE	VTP	Difference
Max Drawdown Largest peak-to-trough decline	-7.03%	-1.92%	-5.11%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	—	—
Current Drawdown Current decline from peak	-1.09%	-0.15%	-0.94%
Average Drawdown Average peak-to-trough decline	-2.52%	-0.52%	-2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	—	—

Volatility

Volatility by Period

	LIAE	VTP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.57%	3.27%	+2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.58%	3.27%	+3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.58%	3.27%	+3.31%

LIAE vs. VTP - Expense Ratio Comparison

LIAE has a 0.25% expense ratio, which is higher than VTP's 0.05% 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. VTP - Dividend Comparison

LIAE's dividend yield for the trailing twelve months is around 10.22%, more than VTP's 1.61% yield.

Position	TTM	2025	2024
LIAE LifeX 2050 Inflation-Protected Longevity Income ETF	9.69%	10.56%	1.47%
VTP Vanguard Total Inflation-Protected Securities ETF	1.61%	1.56%	0.00%

Frequently Asked Questions

Can I hold both LIAE and VTP in my portfolio?

With a correlation of 0.92, LIAE and VTP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, LIAE or VTP?

On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LIAE or VTP?

VTP is cheaper with a 0.05% expense ratio, compared with 0.25% for LIAE.

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

LIAE has the higher dividend yield at 10.22%, compared with 1.61% for VTP.

What is the main difference between LIAE and VTP?

They also come from different issuers: Stone Ridge and Vanguard. Their fees differ too: 0.25% for LIAE and 0.05% for VTP.