LIAM vs SCHD
LIAM vs SCHD
LifeX 2055 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 | LIAM | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.06% | |
| AUM | $7M | $103.7B | |
| Dividend Yield | 7.37% | 3.31% | |
| Holdings | 20 | 104 | |
| YTD Return | -4.01% | +24.26% | |
| 1Y Return | -2.08% | +31.38% | |
| 3Y Return (annualized) | - | +15.08% | |
| 5Y Return (annualized) | - | +9.72% | |
| Volatility (annualized) | 6.7% | 13.6% | |
| Max Drawdown | -8.4% | -33.4% | |
| Fund Family | Stone Ridge Asset Management | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 17, 2024 | Oct 20, 2011 |
LIAM vs SCHD Performance
LifeX 2055 Inflation-Protected Longevity Income ETF (LIAM) 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 LIAM returned -2.08% while SCHD returned +31.38%. Year to date, LIAM is down 4.01% versus a gain of 24.26% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LIAM 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, LIAM currently yields 7.37% against 3.31% for SCHD.
Holdings Overlap
LIAM and SCHD share 0 holdings out of 121 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 SCHD?
LIAM 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, LIAM or SCHD?
Over the past year LIAM returned -2.08% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), LIAM annualized -2.74% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, LIAM or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 6.7% for LIAM. Worst drawdown: LIAM -8.4% vs SCHD -33.4%.
Should I hold both LIAM and SCHD?
LIAM and SCHD have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LIAM and SCHD?
LIAM and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 121 unique securities.
Which pays a higher dividend, LIAM or SCHD?
LIAM yields 7.37% while SCHD yields 3.31%, so LIAM currently pays the higher dividend yield.
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