INFL vs. ACWI
Compare and contrast key facts about Horizon Kinetics Inflation Beneficiaries ETF (INFL) and iShares MSCI ACWI ETF (ACWI).
INFL and ACWI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INFL is an actively managed fund by Horizon Kinetics LLC. It was launched on Jan 11, 2021. ACWI is a passively managed fund by iShares that tracks the performance of the MSCI All Country World Index. It was launched on Mar 26, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INFL or ACWI.
Key characteristics
| INFL | ACWI | |
|---|---|---|
| YTD Return | 32.32% | 19.45% |
| 1Y Return | 39.95% | 30.10% |
| 3Y Return (Ann) | 10.87% | 5.99% |
| Sharpe Ratio | 2.94 | 2.58 |
| Sortino Ratio | 3.82 | 3.52 |
| Omega Ratio | 1.51 | 1.47 |
| Calmar Ratio | 3.38 | 3.40 |
| Martin Ratio | 17.54 | 16.84 |
| Ulcer Index | 2.31% | 1.79% |
| Daily Std Dev | 13.80% | 11.69% |
| Max Drawdown | -21.30% | -56.00% |
| Current Drawdown | -1.46% | -0.88% |
Correlation
The correlation between INFL and ACWI is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
INFL vs. ACWI - Performance Comparison
In the year-to-date period, INFL achieves a 32.32% return, which is significantly higher than ACWI's 19.45% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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INFL vs. ACWI - Expense Ratio Comparison
INFL has a 0.85% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Risk-Adjusted Performance
INFL vs. ACWI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Inflation Beneficiaries ETF (INFL) and iShares MSCI ACWI ETF (ACWI). 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.
Dividends
INFL vs. ACWI - Dividend Comparison
INFL's dividend yield for the trailing twelve months is around 1.41%, less than ACWI's 1.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INFL Horizon Kinetics Inflation Beneficiaries ETF | 1.41% | 1.60% | 1.65% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ACWI iShares MSCI ACWI ETF | 1.57% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.25% | 1.94% | 2.19% | 2.56% | 2.26% | 1.89% |
Drawdowns
INFL vs. ACWI - Drawdown Comparison
The maximum INFL drawdown since its inception was -21.30%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for INFL and ACWI. For additional features, visit the drawdowns tool.
Volatility
INFL vs. ACWI - Volatility Comparison
Horizon Kinetics Inflation Beneficiaries ETF (INFL) has a higher volatility of 3.69% compared to iShares MSCI ACWI ETF (ACWI) at 3.29%. This indicates that INFL's price experiences larger fluctuations and is considered to be riskier than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.