DIVS vs. INFL

Last updated Jun 5, 2026

DIVS (SmartETFs Dividend Builder ETF) and INFL (Horizon Kinetics Inflation Beneficiaries ETF) are both Global Equities funds. Both are actively managed. Over the past 5 years, DIVS returned 9.15%/yr vs 13.31%/yr for INFL. A 0.61 correlation means they provide meaningful diversification when combined. DIVS charges 0.65%/yr vs 0.85%/yr for INFL.

Performance

DIVS vs. INFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SmartETFs Dividend Builder ETF (DIVS) and Horizon Kinetics Inflation Beneficiaries ETF (INFL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVS achieves a 6.93% return, which is significantly lower than INFL's 18.15% return.

DIVS

• 1D: 0.46%
• 1M: 1.79%
• YTD: 6.93%
• 6M: 7.07%
• 1Y: 10.56%
• 3Y*: 13.01%
• 5Y*: 9.15%
• 10Y*: —

INFL

• 1D: 0.81%
• 1M: -0.87%
• YTD: 18.15%
• 6M: 18.37%
• 1Y: 24.99%
• 3Y*: 22.33%
• 5Y*: 13.31%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DIVS vs. INFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DIVS SmartETFs Dividend Builder ETF	6.93%	11.66%	12.60%	15.98%	-8.97%	17.52%
INFL Horizon Kinetics Inflation Beneficiaries ETF	18.15%	18.30%	23.34%	1.62%	2.65%	17.18%

Correlation

The correlation between DIVS and INFL is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021	0.61

The correlation between DIVS and INFL shifts across timeframes, from 0.43 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.

DIVS vs. INFL - Sectors Allocation Comparison

Sectors	DIVS	INFL
Industrials	25.6%	1.8%
Consumer Defensive	21.4%	2.4%
Technology	20.2%	-
Financial Services	14.1%	21.1%
Healthcare	12.9%	1.2%
Communication Services	3.1%	0.3%
Consumer Cyclical	2.8%	-
Basic Materials	-	20.0%
Energy	-	40.5%
Real Estate	-	1.1%
Utilities	-	2.9%

Return for Risk

DIVS vs. INFL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIVS

DIVS Risk / Return Rank: 27
DIVS Sharpe Ratio Rank: 29
DIVS Sortino Ratio Rank: 28
DIVS Omega Ratio Rank: 27
DIVS Calmar Ratio Rank: 23
DIVS Martin Ratio Rank: 27

INFL

INFL Risk / Return Rank: 49
INFL Sharpe Ratio Rank: 47
INFL Sortino Ratio Rank: 43
INFL Omega Ratio Rank: 46
INFL Calmar Ratio Rank: 62
INFL Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DIVS vs. INFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SmartETFs Dividend Builder ETF (DIVS) 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.

	DIVS	INFL	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.62	-0.60
Sortino ratio: Return per unit of downside risk	1.50	2.13	-0.63
Omega ratio: Gain probability vs. loss probability	1.18	1.29	-0.11
Calmar ratio: Return relative to maximum drawdown	1.00	3.00	-2.00
Martin ratio: Return relative to average drawdown	3.57	8.16	-4.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVS vs. INFL - Sharpe Ratio Comparison

The current DIVS Sharpe Ratio is 1.01, which is lower than the INFL Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of DIVS and INFL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DIVS	INFL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	1.62	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.75	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.92	-0.52

Drawdowns

DIVS vs. INFL - Drawdown Comparison

The maximum DIVS drawdown since its inception was -29.55%, which is greater than INFL's maximum drawdown of -21.30%. Use the drawdown chart below to compare losses from any high point for DIVS and INFL.

Drawdown Indicators

	DIVS	INFL	Difference
Max Drawdown Largest peak-to-trough decline	-29.55%	-21.30%	-8.25%
Max Drawdown (1Y) Largest decline over 1 year	-10.62%	-8.36%	-2.26%
Max Drawdown (3Y) Largest decline over 3 years	-12.61%	-15.56%	+2.95%
Max Drawdown (5Y) Largest decline over 5 years	-20.71%	-21.30%	+0.59%
Current Drawdown Current decline from peak	-1.17%	-4.75%	+3.58%
Average Drawdown Average peak-to-trough decline	-3.72%	-5.10%	+1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	3.07%	-0.10%

Volatility

DIVS vs. INFL - Volatility Comparison

The current volatility for SmartETFs Dividend Builder ETF (DIVS) is 2.96%, while Horizon Kinetics Inflation Beneficiaries ETF (INFL) has a volatility of 3.71%. This indicates that DIVS experiences smaller price fluctuations and is considered to be less risky than INFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVS	INFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	3.71%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	8.22%	12.29%	-4.07%
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	15.54%	-5.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.05%	17.71%	-4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.21%	17.64%	+8.57%

DIVS vs. INFL - Expense Ratio Comparison

DIVS has a 0.65% expense ratio, which is lower than INFL's 0.85% expense ratio.

Dividends

DIVS vs. INFL - Dividend Comparison

DIVS's dividend yield for the trailing twelve months is around 2.61%, more than INFL's 0.90% yield.

Position	TTM	2025	2024	2023	2022	2021
DIVS SmartETFs Dividend Builder ETF	2.61%	2.61%	2.66%	3.14%	5.93%	3.76%
INFL Horizon Kinetics Inflation Beneficiaries ETF	0.90%	1.26%	1.77%	1.60%	1.65%	0.91%

Frequently Asked Questions

Can I hold both DIVS and INFL in my portfolio?

DIVS and INFL have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVS or INFL?

INFL has higher volatility (3.71%) compared to DIVS (2.96%). In terms of maximum drawdown, DIVS dropped -29.55% vs INFL's -21.30%.

Which ETF is better, DIVS or INFL?

On 5-year performance, INFL leads with 13.31% vs 9.15% for DIVS. On fees, DIVS is cheaper at 0.65% per year. On volatility, DIVS has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVS or INFL?

Over the 5-year period, INFL has performed better with a 13.31% return vs 9.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVS or INFL?

DIVS is cheaper with a 0.65% expense ratio, compared with 0.85% for INFL.

Which ETF pays a higher dividend yield, DIVS or INFL?

DIVS has the higher dividend yield at 2.61%, compared with 0.90% for INFL.

What is the main difference between DIVS and INFL?

They also come from different issuers: Guinness Atkinson Asset Management and Horizon Kinetics LLC. Their fees differ too: 0.65% for DIVS and 0.85% for INFL.

Which has better risk-adjusted returns?

INFL currently has the higher Sharpe Ratio (1.62 vs 1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.