LIAE vs SCHD
LifeX 2050 Inflation-Protected 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 | LIAE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.06% | |
| AUM | $3M | $103.7B | |
| Dividend Yield | 9.74% | 3.31% | |
| Holdings | 20 | 104 | |
| YTD Return | -4.33% | +25.33% | |
| 1Y Return | -2.39% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 5.9% | 13.6% | |
| Max Drawdown | -7.0% | -33.4% | |
| Fund Family | Stone Ridge Asset Management | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 17, 2024 | Oct 20, 2011 |
LIAE vs SCHD Performance
LifeX 2050 Inflation-Protected Longevity Income ETF (LIAE) 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 LIAE returned -2.39% while SCHD returned +32.31%. Year to date, LIAE is down 4.33% 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 5.9% for LIAE. 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 -7.0% for LIAE 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LIAE 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, LIAE currently yields 9.74% against 3.31% for SCHD.
Holdings Overlap
LIAE 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, LIAE or SCHD?
LIAE 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, LIAE or SCHD?
Over the past year LIAE returned -2.39% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), LIAE annualized -2.12% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, LIAE or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.9% for LIAE. Worst drawdown: LIAE -7.0% vs SCHD -33.4%.
Should I hold both LIAE and SCHD?
LIAE and SCHD have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LIAE and SCHD?
LIAE and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 117 unique securities.
Which pays a higher dividend, LIAE or SCHD?
LIAE yields 9.74% while SCHD yields 3.31%, so LIAE currently pays the higher dividend yield.
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