LFAW vs QQQ
LifeX 2060 Longevity Income ETF vs Invesco QQQ Trust, Series 1
Which is better, LFAW or QQQ?
Long Term Government Bond against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | LFAW | QQQ |
|---|---|---|
| Expense Ratio | 0.25% | 0.18%Best |
| AUM | $2M | $483.5B |
| Dividend Yield | 5.96% | 0.44% |
| Holdings | 29 | 107 |
| YTD Return | -7.41% | +17.95%Best |
| 1Y Return | -7.72% | +21.77%Best |
| 3Y Return (annualized) | - | +25.63% |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 8.2%Best | 18.5% |
| Max Drawdown | -12.0%Best | -22.8% |
| $10,000 over 2 years | $8,832 | $15,391Best |
| Fund Family | Stone Ridge Asset Management | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | Long Term Government Bond | Large Cap Growth |
| Inception | Jan 8, 2024 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 16, 2024 to Sep 18, 2026 (2 years).
LFAW vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
LFAW vs QQQ Performance
LifeX 2060 Longevity Income ETF (LFAW) is an ETF from Stone Ridge Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year LFAW returned -7.72% while QQQ returned +21.77%. Year to date, LFAW is down 7.41% versus a gain of 17.95% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 8.2% 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 -12.0% for LFAW and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.14. They move largely independently of each other.
Fees and Cost Over Time
LFAW charges 0.25% per year while QQQ charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, LFAW currently yields 5.96% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 14 holdings in LFAW and 102 in QQQ, totalling 60.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 14 positions we hold weights for in LFAW and 102 in QQQ, against full books of 29 and 107.
You are not choosing between two funds in isolation.
Whichever of LFAW and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LFAW or QQQ?
LFAW has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, LFAW or QQQ?
Over the past year LFAW returned -7.72% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), LFAW annualized -6.02% vs +24.06% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LFAW or QQQ?
QQQ has been the more volatile fund at 18.5% annualized versus 8.2% for LFAW. Worst drawdown: LFAW -12.0% vs QQQ -22.8%.
Should I hold both LFAW and QQQ?
LFAW and QQQ have a monthly-return correlation of 0.14, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, LFAW or QQQ?
LFAW yields 5.96% while QQQ yields 0.44%, so LFAW currently pays the higher dividend yield.
Is QQQ better than LFAW?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.