INFL vs. BTC-USD
INFL (Horizon Kinetics Inflation Beneficiaries ETF) is Global Equities fund actively managed by Horizon Kinetics LLC, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, INFL returned 13.31%/yr vs 12.25%/yr for BTC-USD. At a 0.25 correlation, their price movements are largely independent.
Performance
INFL vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, INFL achieves a 18.15% return, which is significantly higher than BTC-USD's -27.60% return.
INFL
- 1D
- 0.81%
- 1M
- -0.87%
- YTD
- 18.15%
- 6M
- 18.37%
- 1Y
- 24.99%
- 3Y*
- 22.33%
- 5Y*
- 13.31%
- 10Y*
- —
BTC-USD
- 1D
- -1.08%
- 1M
- -21.71%
- YTD
- -27.60%
- 6M
- -31.22%
- 1Y
- -39.53%
- 3Y*
- 35.01%
- 5Y*
- 12.25%
- 10Y*
- 59.71%
INFL vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INFL Horizon Kinetics Inflation Beneficiaries ETF | 18.15% | 18.30% | 23.34% | 1.62% | 2.65% | 24.77% |
BTC-USD Bitcoin | -27.60% | -6.27% | 120.76% | 155.82% | -64.23% | 35.76% |
Correlation
The correlation between INFL and BTC-USD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.25 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
INFL vs. BTC-USD — Risk / Return Rank
INFL
BTC-USD
INFL vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Inflation Beneficiaries ETF (INFL) and Bitcoin (BTC-USD). 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.
| INFL | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.87 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | -0.80 | +3.80 |
| Martin ratioReturn relative to average drawdown | 8.16 | -1.39 | +9.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| INFL | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | -0.92 | +2.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.23 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 1.13 | -0.21 |
Drawdowns
INFL vs. BTC-USD - Drawdown Comparison
The maximum INFL drawdown since its inception was -21.30%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for INFL and BTC-USD.
Loading charts...
Drawdown Indicators
| INFL | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.30% | -85.30% | +64.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -49.65% | +41.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -49.65% | +34.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -76.67% | +55.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -4.75% | -49.21% | +44.46% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -42.28% | +37.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 33.87% | -30.80% |
Volatility
INFL vs. BTC-USD - Volatility Comparison
The current volatility for Horizon Kinetics Inflation Beneficiaries ETF (INFL) is 3.71%, while Bitcoin (BTC-USD) has a volatility of 10.14%. This indicates that INFL experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| INFL | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 10.14% | -6.43% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 34.17% | -21.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 35.51% | -19.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.71% | 44.98% | -27.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 56.69% | -39.05% |
Frequently Asked Questions
INFL and BTC-USD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (10.14%) compared to INFL (3.71%). In terms of maximum drawdown, INFL dropped -21.30% vs BTC-USD's -85.30%.
INFL currently has the higher Sharpe Ratio (1.62 vs -0.92), 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.
Find the right allocation for INFL and BTC-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer