LFAO vs SPY
LifeX 2055 Longevity Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | LFAO | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.09% | |
| AUM | $5M | $789.1B | |
| Dividend Yield | 11.17% | 1.01% | |
| Holdings | 21 | 505 | |
| YTD Return | -5.49% | +14.47% | |
| 1Y Return | -3.56% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 7.6% | 15.3% | |
| Max Drawdown | -10.1% | -56.5% | |
| Fund Family | Stone Ridge Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 8, 2024 | Jan 22, 1993 |
LFAO vs SPY Performance
LifeX 2055 Longevity Income ETF (LFAO) is a ETF from Stone Ridge Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year LFAO returned -3.56% while SPY returned +21.96%. Year to date, LFAO is down 5.49% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.6% for LFAO. 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 -10.1% for LFAO and -56.5% for SPY. 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LFAO charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, LFAO currently yields 11.17% against 1.01% for SPY.
Holdings Overlap
LFAO and SPY share 0 holdings out of 523 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, LFAO or SPY?
LFAO has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, LFAO or SPY?
Over the past year LFAO returned -3.56% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), LFAO annualized -4.32% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, LFAO or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.6% for LFAO. Worst drawdown: LFAO -10.1% vs SPY -56.5%.
Should I hold both LFAO and SPY?
LFAO and SPY have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LFAO and SPY?
LFAO and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, LFAO or SPY?
LFAO yields 11.17% while SPY yields 1.01%, so LFAO currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.