AKAF vs. INFL
AKAF (The Frontier Economic Fund) and INFL (Horizon Kinetics Inflation Beneficiaries ETF) are both Global Equities funds. AKAF is passively managed, while INFL is actively managed. A 0.64 correlation means they provide meaningful diversification when combined. AKAF charges 0.20%/yr vs 0.85%/yr for INFL.
Performance
AKAF vs. INFL - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AKAF having a 8.51% return and INFL slightly higher at 8.63%.
AKAF
- 1D
- -0.24%
- 1M
- -2.02%
- YTD
- 8.51%
- 6M
- 6.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INFL
- 1D
- -1.69%
- 1M
- -9.48%
- YTD
- 8.63%
- 6M
- 7.44%
- 1Y
- 16.03%
- 3Y*
- 19.24%
- 5Y*
- 11.29%
- 10Y*
- —
AKAF vs. INFL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AKAF The Frontier Economic Fund | 8.51% | 17.17% |
INFL Horizon Kinetics Inflation Beneficiaries ETF | 8.63% | 7.57% |
Correlation
The correlation between AKAF and INFL is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.64 |
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Return for Risk
AKAF vs. INFL — Risk / Return Rank
AKAF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
INFL
AKAF vs. INFL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Frontier Economic Fund (AKAF) and Horizon Kinetics Inflation Beneficiaries ETF (INFL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AKAF | INFL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.30 | — |
| Martin ratioReturn relative to average drawdown | — | 4.40 | — |
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Drawdowns
AKAF vs. INFL - Drawdown Comparison
The maximum AKAF drawdown since its inception was -9.32%, smaller than the maximum INFL drawdown of -21.30%. Use the drawdown chart below to compare losses from any high point for AKAF and INFL.
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Drawdown Indicators
| AKAF | INFL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.32% | -21.30% | +11.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.43% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.30% | — |
Current DrawdownCurrent decline from peak | -4.42% | -12.43% | +8.01% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -5.14% | +3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.65% | — |
Volatility
AKAF vs. INFL - Volatility Comparison
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Volatility by Period
| AKAF | INFL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.95% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 16.27% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 17.79% | -2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 17.69% | -2.66% |
AKAF vs. INFL - Expense Ratio Comparison
AKAF has a 0.20% expense ratio, which is lower than INFL's 0.85% expense ratio.
Dividends
AKAF vs. INFL - Dividend Comparison
AKAF's dividend yield for the trailing twelve months is around 3.04%, more than INFL's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AKAF The Frontier Economic Fund | 3.04% | 2.25% | 0.00% | 0.00% | 0.00% | 0.00% |
INFL Horizon Kinetics Inflation Beneficiaries ETF | 0.98% | 1.26% | 1.77% | 1.60% | 1.65% | 0.91% |
Frequently Asked Questions
AKAF and INFL have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AKAF is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AKAF is cheaper with a 0.20% expense ratio, compared with 0.85% for INFL.
AKAF has the higher dividend yield at 3.04%, compared with 0.98% for INFL.
They also come from different issuers: Prospr Aligned and Horizon Kinetics LLC. Their fees differ too: 0.20% for AKAF and 0.85% for INFL.
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