LFBE vs QQQ
LifeX 2065 Longevity Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | LFBE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.18% | |
| AUM | $3M | $455.8B | |
| Dividend Yield | 8.54% | 0.41% | |
| Holdings | 17 | 108 | |
| YTD Return | -5.51% | +18.20% | |
| 1Y Return | -3.89% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 8.3% | 30.6% | |
| Max Drawdown | -9.3% | -83.0% | |
| Fund Family | Stone Ridge Asset Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 6, 2025 | Mar 10, 1999 |
LFBE vs QQQ Performance
LifeX 2065 Longevity Income ETF (LFBE) is a ETF from Stone Ridge Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year LFBE returned -3.89% while QQQ returned +27.63%. Year to date, LFBE is down 5.51% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 8.3% for LFBE. 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 -9.3% for LFBE and -83.0% for QQQ. 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 0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LFBE 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, LFBE currently yields 8.54% against 0.41% for QQQ.
Holdings Overlap
LFBE and QQQ share 0 holdings out of 114 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, LFBE or QQQ?
LFBE has an expense ratio of 0.25% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $7 per year of difference.
Which performed better, LFBE or QQQ?
Over the past year LFBE returned -3.89% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), LFBE annualized -0.24% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, LFBE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 8.3% for LFBE. Worst drawdown: LFBE -9.3% vs QQQ -83.0%.
Should I hold both LFBE and QQQ?
LFBE and QQQ have a monthly-return correlation of 0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LFBE and QQQ?
LFBE and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 114 unique securities.
Which pays a higher dividend, LFBE or QQQ?
LFBE yields 8.54% while QQQ yields 0.41%, so LFBE currently pays the higher dividend yield.
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