Not exactly. I need to have those offsite, but they are not modified at the same frequency as passwords.
The only reason my Keepass database changes is because I make new accounts on sites every now and then, and that's a fairly rare thing these days. And if I get so ungodly unlucky that my house burns down before my off-site database is updated to have that new account listed, I'll still have access to the email that account is associated with, so I can still recover the account either way.
Keeping an offsite database in sync is tedious, especially if it's delivered via sneakernet.
The off-site solution I have updates a lot more often than that, although that's only because only the really important stuff is backed up in that way; the stuff I truly need to survive my house burning down.
I'm almost done with that aspect of my life now, but every school year it feels like there's a new slate of apps, parent communication portals, etc. I need to manage these as well.
It's way more often than twice a year for me. And it's accelerating.