IVV vs LFAW
iShares Core S&P 500 ETF vs LifeX 2060 Longevity Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | LFAW | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $907.0B | $4M | |
| Dividend Yield | 1.10% | 6.51% | |
| Holdings | 508 | 29 | |
| YTD Return | +14.50% | -5.53% | |
| 1Y Return | +22.02% | -4.22% | |
| 3Y Return (annualized) | +21.80% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 8.3% | |
| Max Drawdown | -56.5% | -11.4% | |
| Fund Family | iShares by BlackRock (US) | Stone Ridge Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jan 8, 2024 |
IVV vs LFAW Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and LifeX 2060 Longevity Income ETF (LFAW) is a ETF from Stone Ridge Asset Management. Over the past year IVV returned +22.02% while LFAW returned -4.22%. Year to date, IVV is up 14.50% versus a loss of 5.53% for LFAW.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.3% for LFAW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -11.4% for LFAW. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while LFAW charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 6.51% for LFAW.
Holdings Overlap
IVV and LFAW share 0 holdings out of 522 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or LFAW?
IVV has an expense ratio of 0.03% while LFAW charges 0.25%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IVV or LFAW?
Over the past year IVV returned +22.02% vs -4.22% for LFAW, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.07% vs -5.33% for LFAW. Past performance does not guarantee future results.
Which is riskier, IVV or LFAW?
IVV has been the more volatile fund at 15.1% annualized versus 8.3% for LFAW. Worst drawdown: IVV -56.5% vs LFAW -11.4%.
Should I hold both IVV and LFAW?
IVV and LFAW have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LFAW?
IVV and LFAW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, IVV or LFAW?
IVV yields 1.10% while LFAW yields 6.51%, so LFAW currently pays the higher dividend yield.
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