LIAM vs QQQ
LifeX 2055 Inflation-Protected 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 | LIAM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.18% | |
| AUM | $7M | $455.8B | |
| Dividend Yield | 7.37% | 0.41% | |
| Holdings | 20 | 108 | |
| YTD Return | -4.48% | +17.85% | |
| 1Y Return | -2.46% | +26.45% | |
| 3Y Return (annualized) | - | +26.07% | |
| 5Y Return (annualized) | - | +15.16% | |
| Volatility (annualized) | 6.7% | 30.6% | |
| Max Drawdown | -8.4% | -83.0% | |
| Fund Family | Stone Ridge Asset Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 17, 2024 | Mar 10, 1999 |
LIAM vs QQQ Performance
LifeX 2055 Inflation-Protected Longevity Income ETF (LIAM) 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 LIAM returned -2.46% while QQQ returned +26.45%. Year to date, LIAM is down 4.48% versus a gain of 17.85% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 6.7% for LIAM. 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 -8.4% for LIAM 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 0.26. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LIAM 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, LIAM currently yields 7.37% against 0.41% for QQQ.
Holdings Overlap
LIAM and QQQ share 0 holdings out of 124 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, LIAM or QQQ?
LIAM 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, LIAM or QQQ?
Over the past year LIAM returned -2.46% vs +26.45% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), LIAM annualized -2.98% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, LIAM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 6.7% for LIAM. Worst drawdown: LIAM -8.4% vs QQQ -83.0%.
Should I hold both LIAM and QQQ?
LIAM and QQQ 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 LIAM and QQQ?
LIAM and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 124 unique securities.
Which pays a higher dividend, LIAM or QQQ?
LIAM yields 7.37% while QQQ yields 0.41%, so LIAM currently pays the higher dividend yield.
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