LIAM vs SPY
LifeX 2055 Inflation-Protected Longevity Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | LIAM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.09% | |
| AUM | $7M | $789.1B | |
| Dividend Yield | 7.37% | 1.01% | |
| Holdings | 20 | 505 | |
| YTD Return | -4.48% | +13.75% | |
| 1Y Return | -2.46% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 6.7% | 15.3% | |
| Max Drawdown | -8.4% | -56.5% | |
| Fund Family | Stone Ridge Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 17, 2024 | Jan 22, 1993 |
LIAM vs SPY Performance
LifeX 2055 Inflation-Protected Longevity Income ETF (LIAM) is a ETF from Stone Ridge Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year LIAM returned -2.46% while SPY returned +22.91%. Year to date, LIAM is down 4.48% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.5% for SPY. 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LIAM charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, LIAM currently yields 7.37% against 1.01% for SPY.
Holdings Overlap
LIAM and SPY share 0 holdings out of 524 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 SPY?
LIAM has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, LIAM or SPY?
Over the past year LIAM returned -2.46% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), LIAM annualized -2.98% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, LIAM or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.7% for LIAM. Worst drawdown: LIAM -8.4% vs SPY -56.5%.
Should I hold both LIAM and SPY?
LIAM and SPY have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LIAM and SPY?
LIAM and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 524 unique securities.
Which pays a higher dividend, LIAM or SPY?
LIAM yields 7.37% while SPY yields 1.01%, so LIAM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.