INFL vs. BTC-USD
INFL (Horizon Kinetics Inflation Beneficiaries ETF) is Global Equities fund actively managed by Horizon Kinetics, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, INFL returned 13.02%/yr vs 9.77%/yr for BTC-USD. Their 0.25 correlation means their historical movements had little consistent relationship.
Performance
INFL vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, INFL achieves a 15.98% return, which is significantly higher than BTC-USD's -27.65% 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%
BTC-USD
- 1D
- -0.30%
- 1M
- 0.35%
- 6M
- -19.52%
- YTD
- -27.65%
- 1Y
- -44.57%
- 3Y*
- 29.61%
- 5Y*
- 9.77%
- 10Y*
- 59.80%
- ALL TIME*
- 87.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1541.04T | $1614.90T | $2068.30T |
| $4.89M | $4.96M | $13.18M |
INFL vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INFL Horizon Kinetics Inflation Beneficiaries ETF | 15.98% | 18.30% | 23.34% | 1.62% | 2.65% | 25.22% |
BTC-USD Bitcoin | -27.65% | -6.27% | 120.76% | 155.82% | -64.23% | 30.35% |
Correlation
The correlation between INFL and BTC-USD is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 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.
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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.85 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | -0.84 | +2.98 |
| Martin ratioReturn relative to average drawdown | 5.70 | -1.29 | +6.99 |
Loading charts...
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 | -12.20% | -53.08% | +40.88% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -53.08% | +37.52% |
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 | -6.50% | -49.24% | +42.74% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -42.74% | +37.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 25.03% | -20.47% |
Volatility
INFL vs. BTC-USD - Volatility Comparison
The current volatility for Horizon Kinetics Inflation Beneficiaries ETF (INFL) is 2.86%, while Bitcoin (BTC-USD) has a volatility of 8.46%. 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 | 2.86% | 8.46% | -5.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.01% | 33.65% | -21.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.38% | 35.87% | -19.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 43.64% | -25.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 56.22% | -38.63% |
Frequently Asked Questions
INFL and BTC-USD 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.
BTC-USD has higher volatility (8.46%) compared to INFL (2.86%). In terms of maximum drawdown, INFL dropped -21.30% vs BTC-USD's -85.30%.
INFL currently has the higher Sharpe Ratio (1.59 vs -1.03), 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