INFL vs. AVGV

Last updated Aug 4, 2026

INFL (Horizon Kinetics Inflation Beneficiaries ETF) and AVGV (Avantis All Equity Markets Value ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, INFL returned 18.77%/yr vs 20.17%/yr for AVGV. Their 0.67 correlation means they have sometimes moved together and sometimes differently. INFL charges 0.85%/yr vs 0.26%/yr for AVGV.

Performance

INFL vs. AVGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Kinetics Inflation Beneficiaries ETF (INFL) and Avantis All Equity Markets Value ETF (AVGV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INFL achieves a 15.98% return, which is significantly lower than AVGV's 19.44% return.

INFL

• 1D: 0.10%
• 1M: 3.15%
• 6M: 6.21%
• YTD: 15.98%
• 1Y: 25.96%
• 3Y*: 18.77%
• 5Y*: 13.02%
• 10Y*: —
• ALL TIME*: 15.35%

AVGV

• 1D: 1.06%
• 1M: 2.01%
• 6M: 11.09%
• YTD: 19.44%
• 1Y: 35.33%
• 3Y*: 20.17%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVGV Avantis All Equity Markets Value ETF	$5.38M	$4.64M	$3.97M
INFL Horizon Kinetics Inflation Beneficiaries ETF	$4.89M	$4.96M	$13.18M

INFL vs. AVGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
INFL Horizon Kinetics Inflation Beneficiaries ETF	15.98%	18.30%	23.34%	5.76%
AVGV Avantis All Equity Markets Value ETF	19.44%	22.57%	11.26%	11.88%

Correlation

The correlation between INFL and AVGV is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.67

The correlation between INFL and AVGV shifts across timeframes, from 0.55 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.

INFL vs. AVGV - Sectors Allocation Comparison

Sectors	INFL	AVGV
Energy	43.4%	11.5%
Financial Services	20.6%	24.0%
Basic Materials	19.1%	6.6%
Utilities	3.0%	0.6%
Consumer Defensive	1.9%	5.0%
Industrials	1.8%	16.3%
Healthcare	1.3%	4.3%
Real Estate	1.2%	0.7%
Communication Services	0.3%	4.8%
Consumer Cyclical	-	14.4%
Technology	-	11.8%

Return for Risk

INFL vs. AVGV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

INFL

INFL Risk / Return Rank: 59
INFL Sharpe Ratio Rank: 67
INFL Sortino Ratio Rank: 59
INFL Omega Ratio Rank: 62
INFL Calmar Ratio Rank: 58
INFL Martin Ratio Rank: 48

AVGV

AVGV Risk / Return Rank: 93
AVGV Sharpe Ratio Rank: 94
AVGV Sortino Ratio Rank: 94
AVGV Omega Ratio Rank: 93
AVGV Calmar Ratio Rank: 92
AVGV Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

INFL vs. AVGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Inflation Beneficiaries ETF (INFL) and Avantis All Equity Markets Value ETF (AVGV). 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.

	INFL	AVGV	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.69	-1.09
Sortino ratio: Return per unit of downside risk	2.08	3.73	-1.65
Omega ratio: Gain probability vs. loss probability	1.28	1.49	-0.21
Calmar ratio: Return relative to maximum drawdown	2.14	4.37	-2.23
Martin ratio: Return relative to average drawdown	5.70	17.10	-11.40

INFL vs. AVGV - Sharpe Ratio Comparison

The current INFL Sharpe Ratio is 1.59, which is lower than the AVGV Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of INFL and AVGV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INFL vs. AVGV - Drawdown Comparison

The maximum INFL drawdown since its inception was -21.30%, which is greater than AVGV's maximum drawdown of -17.03%. Use the drawdown chart below to compare losses from any high point for INFL and AVGV.

Drawdown Indicators

	INFL	AVGV	Difference
Max Drawdown Largest peak-to-trough decline	-21.30%	-17.03%	-4.27%
Max Drawdown (1Y) Largest decline over 1 year	-12.20%	-8.12%	-4.08%
Max Drawdown (3Y) Largest decline over 3 years	-15.56%	-17.03%	+1.47%
Max Drawdown (5Y) Largest decline over 5 years	-21.30%	—	—
Current Drawdown Current decline from peak	-6.50%	0.00%	-6.50%
Average Drawdown Average peak-to-trough decline	-5.20%	-2.23%	-2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.56%	2.07%	+2.49%

Volatility

INFL vs. AVGV - Volatility Comparison

The current volatility for Horizon Kinetics Inflation Beneficiaries ETF (INFL) is 2.86%, while Avantis All Equity Markets Value ETF (AVGV) has a volatility of 3.10%. This indicates that INFL experiences smaller price fluctuations and is considered to be less risky than AVGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INFL	AVGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	3.10%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	10.27%	+1.74%
Volatility (1Y) Calculated over the trailing 1-year period	16.38%	13.24%	+3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.74%	14.87%	+2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	14.87%	+2.72%

INFL vs. AVGV - Expense Ratio Comparison

INFL has a 0.85% expense ratio, which is higher than AVGV's 0.26% expense ratio.

Dividends

INFL vs. AVGV - Dividend Comparison

INFL's dividend yield for the trailing twelve months is around 0.80%, less than AVGV's 1.60% yield.

Position	TTM	2025	2024	2023	2022	2021
AVGV Avantis All Equity Markets Value ETF	1.60%	1.98%	2.32%	1.14%	0.00%	0.00%
INFL Horizon Kinetics Inflation Beneficiaries ETF	0.80%	1.26%	1.77%	1.60%	1.65%	0.91%

Frequently Asked Questions

Can I hold both INFL and AVGV in my portfolio?

INFL and AVGV have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INFL or AVGV?

AVGV has higher volatility (3.10%) compared to INFL (2.86%). In terms of maximum drawdown, INFL dropped -21.30% vs AVGV's -17.03%.

Which ETF is better, INFL or AVGV?

On 3-year performance, AVGV leads with 20.17% vs 18.77% for INFL. On fees, AVGV is cheaper at 0.26% per year. On volatility, INFL has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INFL or AVGV?

Over the 3-year period, AVGV has performed better with a 20.17% return vs 18.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INFL or AVGV?

AVGV is cheaper with a 0.26% expense ratio, compared with 0.85% for INFL.

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

AVGV has the higher dividend yield at 1.60%, compared with 0.80% for INFL.

What is the main difference between INFL and AVGV?

They also come from different issuers: Horizon Kinetics and Avantis. Their fees differ too: 0.85% for INFL and 0.26% for AVGV.

Which has better risk-adjusted returns?

AVGV currently has the higher Sharpe Ratio (2.69 vs 1.59), 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.