LIAU vs VYM
LifeX 2060 Inflation-Protected Longevity Income ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | LIAU | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.04% | |
| AUM | $4M | $81.6B | |
| Dividend Yield | 10.34% | 2.24% | |
| Holdings | 29 | 616 | |
| YTD Return | -4.67% | +15.34% | |
| 1Y Return | -2.27% | +23.24% | |
| 3Y Return (annualized) | - | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 7.5% | 14.6% | |
| Max Drawdown | -9.9% | -58.8% | |
| Fund Family | Stone Ridge Asset Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 17, 2024 | Nov 10, 2006 |
LIAU vs VYM Performance
LifeX 2060 Inflation-Protected Longevity Income ETF (LIAU) is a ETF from Stone Ridge Asset Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year LIAU returned -2.27% while VYM returned +23.24%. Year to date, LIAU is down 4.67% versus a gain of 15.34% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 7.5% for LIAU. 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 -9.9% for LIAU and -58.8% for VYM. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LIAU charges 0.25% per year while VYM charges 0.04%. On a $10,000 position that is $25 vs $4 annually, a gap of $21 per year that compounds over a long holding period. On income, LIAU currently yields 10.34% against 2.24% for VYM.
Holdings Overlap
LIAU and VYM share 0 holdings out of 616 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, LIAU or VYM?
LIAU has an expense ratio of 0.25% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, LIAU or VYM?
Over the past year LIAU returned -2.27% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), LIAU annualized -4.66% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, LIAU or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 7.5% for LIAU. Worst drawdown: LIAU -9.9% vs VYM -58.8%.
Should I hold both LIAU and VYM?
LIAU and VYM have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LIAU and VYM?
LIAU and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 616 unique securities.
Which pays a higher dividend, LIAU or VYM?
LIAU yields 10.34% while VYM yields 2.24%, so LIAU currently pays the higher dividend yield.
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