LFAW vs SCHD
LifeX 2060 Longevity Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | LFAW | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.06% | |
| AUM | $4M | $103.7B | |
| Dividend Yield | 6.25% | 3.31% | |
| Holdings | 23 | 104 | |
| YTD Return | -6.10% | +25.33% | |
| 1Y Return | -4.52% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 8.3% | 13.6% | |
| Max Drawdown | -11.4% | -33.4% | |
| Fund Family | Stone Ridge Asset Management | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 8, 2024 | Oct 20, 2011 |
LFAW vs SCHD Performance
LifeX 2060 Longevity Income ETF (LFAW) is a ETF from Stone Ridge Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year LFAW returned -4.52% while SCHD returned +32.31%. Year to date, LFAW is down 6.10% versus a gain of 25.33% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -11.4% for LFAW and -33.4% for SCHD. 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 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LFAW charges 0.25% per year while SCHD charges 0.06%. On a $10,000 position that is $25 vs $6 annually, a gap of $19 per year that compounds over a long holding period. On income, LFAW currently yields 6.25% against 3.31% for SCHD.
Holdings Overlap
LFAW and SCHD share 0 holdings out of 117 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, LFAW or SCHD?
LFAW has an expense ratio of 0.25% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, LFAW or SCHD?
Over the past year LFAW returned -4.52% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), LFAW annualized -5.65% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, LFAW or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 8.3% for LFAW. Worst drawdown: LFAW -11.4% vs SCHD -33.4%.
Should I hold both LFAW and SCHD?
LFAW and SCHD have a monthly-return correlation of 0.26, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LFAW and SCHD?
LFAW and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 117 unique securities.
Which pays a higher dividend, LFAW or SCHD?
LFAW yields 6.25% while SCHD yields 3.31%, so LFAW currently pays the higher dividend yield.
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