VTP vs. LIAE

Last updated Jun 4, 2026

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

Performance

VTP vs. LIAE - Performance Comparison

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

Returns By Period

In the year-to-date period, VTP achieves a 1.55% return, which is significantly higher than LIAE's 0.84% return.

VTP

• 1D: -0.16%
• 1M: -0.08%
• YTD: 1.55%
• 6M: 1.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LIAE

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

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

VTP vs. LIAE - Yearly Performance Comparison

	2026 (YTD)	2025
VTP Vanguard Total Inflation-Protected Securities ETF	1.55%	2.27%
LIAE LifeX 2050 Inflation-Protected Longevity Income ETF	0.84%	2.40%

Correlation

The correlation between VTP and LIAE 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

VTP vs. LIAE — 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

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.

VTP vs. LIAE - Risk-Adjusted Trends Comparison

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VTP	LIAE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.05	+1.27

Drawdowns

VTP vs. LIAE - Drawdown Comparison

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

Drawdown Indicators

	VTP	LIAE	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-7.03%	+5.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.68%	—
Current Drawdown Current decline from peak	-0.30%	-1.41%	+1.11%
Average Drawdown Average peak-to-trough decline	-0.52%	-2.52%	+2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.45%	—

Volatility

Volatility by Period

	VTP	LIAE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.26%	5.55%	-2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.26%	6.58%	-3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.26%	6.58%	-3.32%

VTP vs. LIAE - Expense Ratio Comparison

VTP has a 0.05% expense ratio, which is lower than LIAE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VTP vs. LIAE - Dividend Comparison

VTP's dividend yield for the trailing twelve months is around 1.61%, less than LIAE's 9.72% yield.

Position	TTM	2025	2024
LIAE LifeX 2050 Inflation-Protected Longevity Income ETF	9.72%	10.56%	1.47%
VTP Vanguard Total Inflation-Protected Securities ETF	1.61%	1.56%	0.00%

Frequently Asked Questions

Can I hold both VTP and LIAE in my portfolio?

With a correlation of 0.92, VTP and LIAE 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, VTP or LIAE?

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, VTP or LIAE?

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

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

LIAE has the higher dividend yield at 9.72%, compared with 1.61% for VTP.

What is the main difference between VTP and LIAE?

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