LIAM vs. UUP
LIAM (LifeX 2055 Inflation-Protected Longevity Income ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - LIAM is a Inflation-Protected Bonds fund actively managed by Stone Ridge, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. LIAM is actively managed, while UUP is passively managed. Over the past year, LIAM returned -0.73% vs 5.67% for UUP. Their -0.33 correlation means they have often moved in opposite directions in the past. LIAM charges 0.25%/yr vs 0.75%/yr for UUP.
Performance
LIAM vs. UUP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LIAM achieves a -1.89% return, which is significantly lower than UUP's 4.22% return.
LIAM
- 1D
- -0.42%
- 1M
- -2.48%
- 6M
- -2.00%
- YTD
- -1.89%
- 1Y
- -0.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.19%
UUP
- 1D
- 0.11%
- 1M
- -0.60%
- 6M
- 4.92%
- YTD
- 4.22%
- 1Y
- 5.67%
- 3Y*
- 4.54%
- 5Y*
- 5.70%
- 10Y*
- 3.22%
- ALL TIME*
- 1.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.80K | $47.00K | $60.53K | |
| $55.14M | $58.68M | $59.16M |
LIAM vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LIAM LifeX 2055 Inflation-Protected Longevity Income ETF | -1.89% | 5.26% | -7.09% |
UUP Invesco DB US Dollar Index Bullish Fund | 4.22% | -4.99% | 9.11% |
Correlation
The correlation between LIAM and UUP is -0.36, 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. | -0.36 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2024 | -0.33 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LIAM vs. UUP — Risk / Return Rank
LIAM
UUP
LIAM vs. UUP - 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 US Dollar Index Bullish Fund (UUP). 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 | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.13 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 1.22 | -1.20 |
| Martin ratioReturn relative to average drawdown | 0.04 | 3.83 | -3.80 |
Loading charts...
Drawdowns
LIAM vs. UUP - Drawdown Comparison
The maximum LIAM drawdown since its inception was -8.39%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for LIAM and UUP.
Loading charts...
Drawdown Indicators
| LIAM | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.39% | -22.19% | +13.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.76% | -3.65% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -4.76% | -2.41% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -8.86% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.33% | +0.87% |
Volatility
LIAM vs. UUP - Volatility Comparison
The current volatility for LifeX 2055 Inflation-Protected Longevity Income ETF (LIAM) is 1.42%, while Invesco DB US Dollar Index Bullish Fund (UUP) has a volatility of 1.65%. This indicates that LIAM experiences smaller price fluctuations and is considered to be less risky than UUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LIAM | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.65% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.74% | 4.11% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.24% | 5.88% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.55% | 7.23% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.55% | 6.89% | +0.66% |
LIAM vs. UUP - Expense Ratio Comparison
LIAM has a 0.25% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
LIAM vs. UUP - Dividend Comparison
LIAM's dividend yield for the trailing twelve months is around 6.59%, more than UUP's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LIAM LifeX 2055 Inflation-Protected Longevity Income ETF | 6.59% | 9.02% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UUP Invesco DB US Dollar Index Bullish Fund | 3.29% | 3.43% | 4.48% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
Frequently Asked Questions
LIAM and UUP have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UUP has higher volatility (1.65%) compared to LIAM (1.42%). In terms of maximum drawdown, LIAM dropped -8.39% vs UUP's -22.19%.
On 1-year performance, UUP leads with 5.67% vs -0.73% for LIAM. On fees, LIAM is cheaper at 0.25% per year. On volatility, LIAM has been the lower-risk option at 1.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UUP has performed better with a 5.67% return vs -0.73%. 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 0.75% for UUP.
LIAM has the higher dividend yield at 6.59%, compared with 3.29% for UUP.
LIAM is categorized as Inflation-Protected Bonds, while UUP is Currency. They also come from different issuers: Stone Ridge and Invesco. Their fees differ too: 0.25% for LIAM and 0.75% for UUP.
UUP currently has the higher Sharpe Ratio (0.75 vs 0.01), 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.
Find the right allocation for LIAM and UUP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer