LIAE vs SCHD
LifeX 2050 Inflation-Protected Longevity Income ETF vs Schwab US Dividend Equity ETF
Which is better, LIAE or SCHD?
Inflation Protection against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 91.3%.
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 | LIAE | SCHD |
|---|---|---|
| Expense Ratio | 0.25% | 0.06%Best |
| AUM | $3M | $112.1B |
| Dividend Yield | 9.77% | 3.00% |
| Holdings | 19 | 103 |
| YTD Return | -6.82% | +21.99%Best |
| 1Y Return | -6.73% | +25.92%Best |
| 3Y Return (annualized) | - | +15.66% |
| 5Y Return (annualized) | - | +9.48% |
| Volatility (annualized) | 6.1%Best | 14.1% |
| Max Drawdown | -9.1%Best | -16.1% |
| $10,000 over 2 years | $9,359 | $12,735Best |
| Top 10 Weight | 91.3% | 41.8%Best |
| Fund Family | Stone Ridge Asset Management | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | Inflation Protection | Large Cap Value |
| Inception | Jan 17, 2024 | Oct 20, 2011 |
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 23, 2026 (2 years).
LIAE vs SCHD 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.
LIAE vs SCHD Performance
LifeX 2050 Inflation-Protected Longevity Income ETF (LIAE) is an ETF from Stone Ridge Asset Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year LIAE returned -6.73% while SCHD returned +25.92%. Year to date, LIAE is down 6.82% versus a gain of 21.99% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 6.1% 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 -9.1% for LIAE and -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.40. They move together some of the time, and apart the rest.
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 9.77% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 17 holdings in LIAE and 100 in SCHD, totalling 99.3% and 100.0% 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 17 positions we hold weights for in LIAE and 100 in SCHD, against full books of 19 and 103.
What only one of them owns
Our book lists 99 positions for SCHD that do not appear in our book for LIAE (99.9% of the fund), and 17 for LIAE that do not appear in SCHD (99.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of LIAE and SCHD 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, LIAE or SCHD?
LIAE has an expense ratio of 0.25% while SCHD charges 0.06%. SCHD is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, LIAE or SCHD?
Over the past year LIAE returned -6.73% vs +25.92% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), LIAE annualized -3.26% vs +12.85% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LIAE or SCHD?
SCHD has been the more volatile fund at 14.1% annualized versus 6.1% for LIAE. Worst drawdown: LIAE -9.1% vs SCHD -16.1%.
Should I hold both LIAE and SCHD?
LIAE and SCHD have a monthly-return correlation of 0.40, 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, LIAE or SCHD?
LIAE yields 9.77% while SCHD yields 3.00%, so LIAE currently pays the higher dividend yield.
Is SCHD better than LIAE?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. SCHD is less concentrated, with 41.8% of the fund in its ten largest positions against 91.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.