ICPI vs. RINF
ICPI (iShares 0-1 Year TIPS Bond ETF) and RINF (ProShares Inflation Expectations ETF) are both Inflation-Protected Bonds funds - ICPI tracks the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index while RINF tracks the FTSE 30-Year TIPS (Treasury Rate-Hedged) Index. Both are passively managed. At a 0.23 correlation, their price movements are largely independent. ICPI charges 0.09%/yr vs 0.30%/yr for RINF.
Performance
ICPI vs. RINF - Performance Comparison
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Returns By Period
In the year-to-date period, ICPI achieves a 2.42% return, which is significantly higher than RINF's -0.10% return.
ICPI
- 1D
- -0.06%
- 1M
- -0.07%
- YTD
- 2.42%
- 6M
- 2.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RINF
- 1D
- -1.23%
- 1M
- -2.57%
- YTD
- -0.10%
- 6M
- 0.32%
- 1Y
- 0.96%
- 3Y*
- 3.52%
- 5Y*
- 4.84%
- 10Y*
- 4.53%
ICPI vs. RINF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 2.42% | 0.32% |
RINF ProShares Inflation Expectations ETF | -0.10% | 0.46% |
Correlation
The correlation between ICPI and RINF is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.23 |
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Return for Risk
ICPI vs. RINF — Risk / Return Rank
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RINF
ICPI vs. RINF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-1 Year TIPS Bond ETF (ICPI) and ProShares Inflation Expectations ETF (RINF). 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.
| ICPI | RINF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.04 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.31 | — |
| Martin ratioReturn relative to average drawdown | — | 0.69 | — |
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Drawdowns
ICPI vs. RINF - Drawdown Comparison
The maximum ICPI drawdown since its inception was -0.34%, smaller than the maximum RINF drawdown of -43.51%. Use the drawdown chart below to compare losses from any high point for ICPI and RINF.
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Drawdown Indicators
| ICPI | RINF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.34% | -43.51% | +43.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.06% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.18% | — |
Current DrawdownCurrent decline from peak | -0.34% | -3.06% | +2.72% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -16.39% | +16.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.39% | — |
Volatility
ICPI vs. RINF - Volatility Comparison
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Volatility by Period
| ICPI | RINF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.55% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.96% | 4.52% | -3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.96% | 12.74% | -11.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.96% | 12.56% | -11.60% |
ICPI vs. RINF - Expense Ratio Comparison
ICPI has a 0.09% expense ratio, which is lower than RINF's 0.30% expense ratio.
Dividends
ICPI vs. RINF - Dividend Comparison
ICPI's dividend yield for the trailing twelve months is around 1.80%, less than RINF's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 1.80% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RINF ProShares Inflation Expectations ETF | 3.79% | 3.89% | 4.68% | 5.07% | 1.15% | 2.76% | 0.82% | 1.90% | 2.47% | 2.99% | 1.09% | 1.83% |
Frequently Asked Questions
ICPI and RINF have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.30% for RINF.
RINF has the higher dividend yield at 3.79%, compared with 1.80% for ICPI.
ICPI tracks ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index, while RINF tracks FTSE 30-Year TIPS (Treasury Rate-Hedged) Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.09% for ICPI and 0.30% for RINF.
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