LIAU vs. VTP

Last updated Jul 17, 2026

LIAU (LifeX 2060 Inflation-Protected Longevity Income ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. LIAU is actively managed, while VTP is passively managed. Over the past year, LIAU returned 1.48% vs 3.18% for VTP. Their correlation of 0.88 suggests significant overlap in exposure. LIAU charges 0.25%/yr vs 0.05%/yr for VTP.

Performance

LIAU vs. VTP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LifeX 2060 Inflation-Protected Longevity Income ETF (LIAU) 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, LIAU achieves a -1.10% return, which is significantly lower than VTP's 0.86% return.

LIAU

• 1D: -0.21%
• 1M: -2.25%
• 6M: -2.05%
• YTD: -1.10%
• 1Y: 1.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTP

• 1D: -0.08%
• 1M: -0.62%
• 6M: 0.58%
• YTD: 0.86%
• 1Y: 3.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LIAU vs. VTP - Yearly Performance Comparison

	2026 (YTD)	2025
LIAU LifeX 2060 Inflation-Protected Longevity Income ETF	-1.10%	2.28%
VTP Vanguard Total Inflation-Protected Securities ETF	0.86%	2.46%

Correlation

The correlation between LIAU and VTP is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.88

The correlation between LIAU and VTP has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.

Return for Risk

LIAU vs. VTP — Risk / Return Rank

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

LIAU

LIAU Risk / Return Rank: 12
LIAU Sharpe Ratio Rank: 13
LIAU Sortino Ratio Rank: 11
LIAU Omega Ratio Rank: 11
LIAU Calmar Ratio Rank: 13
LIAU Martin Ratio Rank: 13

VTP

VTP Risk / Return Rank: 34
VTP Sharpe Ratio Rank: 32
VTP Sortino Ratio Rank: 30
VTP Omega Ratio Rank: 29
VTP Calmar Ratio Rank: 39
VTP Martin Ratio Rank: 38

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.

LIAU vs. VTP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LifeX 2060 Inflation-Protected Longevity Income ETF (LIAU) 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.

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.

	LIAU	VTP	Difference
Sharpe ratio: Return per unit of total volatility	0.21	0.96	-0.75
Sortino ratio: Return per unit of downside risk	0.34	1.40	-1.06
Omega ratio: Gain probability vs. loss probability	1.04	1.17	-0.13
Calmar ratio: Return relative to maximum drawdown	0.28	1.66	-1.38
Martin ratio: Return relative to average drawdown	0.57	4.69	-4.12

LIAU vs. VTP - Sharpe Ratio Comparison

The current LIAU Sharpe Ratio is 0.21, which is lower than the VTP Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of LIAU and VTP, 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

LIAU vs. VTP - Drawdown Comparison

The maximum LIAU drawdown since its inception was -9.95%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for LIAU and VTP.

Drawdown Indicators

	LIAU	VTP	Difference
Max Drawdown Largest peak-to-trough decline	-9.95%	-1.92%	-8.03%
Max Drawdown (1Y) Largest decline over 1 year	-5.38%	-1.92%	-3.46%
Current Drawdown Current decline from peak	-6.09%	-0.97%	-5.12%
Average Drawdown Average peak-to-trough decline	-5.20%	-0.53%	-4.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	0.68%	+1.92%

Volatility

LIAU vs. VTP - Volatility Comparison

LifeX 2060 Inflation-Protected Longevity Income ETF (LIAU) has a higher volatility of 2.12% compared to Vanguard Total Inflation-Protected Securities ETF (VTP) at 1.19%. This indicates that LIAU's price experiences larger fluctuations and is considered to be riskier than VTP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIAU	VTP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	1.19%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	5.36%	2.47%	+2.89%
Volatility (1Y) Calculated over the trailing 1-year period	7.15%	3.35%	+3.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.60%	3.33%	+5.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.60%	3.33%	+5.27%

LIAU vs. VTP - Expense Ratio Comparison

LIAU 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

LIAU vs. VTP - Dividend Comparison

LIAU's dividend yield for the trailing twelve months is around 9.51%, more than VTP's 2.98% yield.

Position	TTM	2025	2024
LIAU LifeX 2060 Inflation-Protected Longevity Income ETF	9.51%	12.93%	1.04%
VTP Vanguard Total Inflation-Protected Securities ETF	2.98%	1.56%	0.00%

Frequently Asked Questions

Can I hold both LIAU and VTP in my portfolio?

LIAU and VTP have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIAU or VTP?

LIAU has higher volatility (2.12%) compared to VTP (1.19%). In terms of maximum drawdown, LIAU dropped -9.95% vs VTP's -1.92%.

Which ETF is better, LIAU or VTP?

On 1-year performance, VTP leads with 3.18% vs 1.48% for LIAU. On fees, VTP is cheaper at 0.05% per year. On volatility, VTP has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LIAU or VTP?

Over the 1-year period, VTP has performed better with a 3.18% return vs 1.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LIAU or VTP?

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

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

LIAU has the higher dividend yield at 9.51%, compared with 2.98% for VTP.

What is the main difference between LIAU and VTP?

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

Which has better risk-adjusted returns?

VTP currently has the higher Sharpe Ratio (0.96 vs 0.21), 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.