LIAM vs. DBE
LIAM (LifeX 2055 Inflation-Protected Longevity Income ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - LIAM is a Inflation-Protected Bonds fund actively managed by Stone Ridge, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. LIAM is actively managed, while DBE is passively managed. Over the past year, LIAM returned -0.40% vs 61.44% for DBE. Their -0.23 correlation means they have often moved in opposite directions in the past. LIAM charges 0.25%/yr vs 0.78%/yr for DBE.
Performance
LIAM vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, LIAM achieves a -1.56% return, which is significantly lower than DBE's 71.26% return.
LIAM
- 1D
- 0.33%
- 1M
- -2.16%
- 6M
- -1.39%
- YTD
- -1.56%
- 1Y
- -0.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.01%
DBE
- 1D
- -4.26%
- 1M
- 15.98%
- 6M
- 57.84%
- YTD
- 71.26%
- 1Y
- 61.44%
- 3Y*
- 15.22%
- 5Y*
- 17.82%
- 10Y*
- 12.24%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.27M | $1.08M | $1.67M | |
| $14.45K | $46.99K | $61.55K |
LIAM vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LIAM LifeX 2055 Inflation-Protected Longevity Income ETF | -1.56% | 5.26% | -7.09% |
DBE Invesco DB Energy Fund | 71.26% | -2.17% | 8.17% |
Correlation
The correlation between LIAM and DBE is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2024 | -0.23 |
The correlation between LIAM and DBE shifts across timeframes, from -0.35 (1 year) to -0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LIAM vs. DBE — Risk / Return Rank
LIAM
DBE
LIAM vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LifeX 2055 Inflation-Protected Longevity Income ETF (LIAM) and Invesco DB Energy Fund (DBE). 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.
| LIAM | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.28 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 2.50 | -2.58 |
| Martin ratioReturn relative to average drawdown | -0.18 | 7.82 | -8.00 |
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Drawdowns
LIAM vs. DBE - Drawdown Comparison
The maximum LIAM drawdown since its inception was -8.39%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for LIAM and DBE.
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Drawdown Indicators
| LIAM | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.39% | -86.69% | +78.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.76% | -24.72% | +19.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -4.45% | -34.98% | +30.53% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -57.13% | +53.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 7.90% | -5.68% |
Volatility
LIAM vs. DBE - Volatility Comparison
The current volatility for LifeX 2055 Inflation-Protected Longevity Income ETF (LIAM) is 1.45%, while Invesco DB Energy Fund (DBE) has a volatility of 15.07%. This indicates that LIAM experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIAM | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 15.07% | -13.62% |
Volatility (6M)Calculated over the trailing 6-month period | 4.74% | 34.26% | -29.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 37.66% | -31.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.54% | 30.15% | -22.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 28.60% | -21.06% |
LIAM vs. DBE - Expense Ratio Comparison
LIAM has a 0.25% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
LIAM vs. DBE - Dividend Comparison
LIAM's dividend yield for the trailing twelve months is around 6.57%, more than DBE's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.26% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
LIAM LifeX 2055 Inflation-Protected Longevity Income ETF | 6.57% | 9.02% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LIAM and DBE have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.07%) compared to LIAM (1.45%). In terms of maximum drawdown, LIAM dropped -8.39% vs DBE's -86.69%.
On 1-year performance, DBE leads with 61.44% vs -0.40% for LIAM. On fees, LIAM is cheaper at 0.25% per year. On volatility, LIAM has been the lower-risk option at 1.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 61.44% return vs -0.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LIAM is cheaper with a 0.25% expense ratio, compared with 0.78% for DBE.
LIAM has the higher dividend yield at 6.57%, compared with 2.26% for DBE.
LIAM is categorized as Inflation-Protected Bonds, while DBE is Oil & Gas. They also come from different issuers: Stone Ridge and Invesco. Their fees differ too: 0.25% for LIAM and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.64 vs -0.07), 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.
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