INFL vs. FFLC

Last updated Apr 1, 2026

Compare and contrast key facts about Horizon Kinetics Inflation Beneficiaries ETF (INFL) and Fidelity Fundamental Large Cap Core ETF (FFLC).

INFL and FFLC 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. FFLC is an actively managed fund by Fidelity. It was launched on Jun 2, 2020.

Performance

INFL vs. FFLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Kinetics Inflation Beneficiaries ETF (INFL) and Fidelity Fundamental Large Cap Core ETF (FFLC). The values are adjusted to include any dividend payments, if applicable.

INFL vs. FFLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
INFL Horizon Kinetics Inflation Beneficiaries ETF	17.28%	18.30%	23.34%	1.62%	2.65%	24.77%
FFLC Fidelity Fundamental Large Cap Core ETF	-3.67%	17.67%	27.89%	25.07%	-0.04%	17.63%

Returns By Period

In the year-to-date period, INFL achieves a 17.28% return, which is significantly higher than FFLC's -3.67% return.

INFL

• 1D: 2.12%
• 1M: -4.31%
• YTD: 17.28%
• 6M: 16.92%
• 1Y: 29.44%
• 3Y*: 20.97%
• 5Y*: 15.20%
• 10Y*: —

FFLC

• 1D: 3.48%
• 1M: -5.49%
• YTD: -3.67%
• 6M: -0.80%
• 1Y: 19.26%
• 3Y*: 19.56%
• 5Y*: 14.40%
• 10Y*: —

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

INFL vs. FFLC - Expense Ratio Comparison

INFL has a 0.85% expense ratio, which is higher than FFLC's 0.38% expense ratio.

INFL

Horizon Kinetics Inflation Beneficiaries ETF

FFLC

Fidelity Fundamental Large Cap Core ETF

Return for Risk

INFL vs. FFLC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INFL

INFL Risk / Return Rank: 82
INFL Sharpe Ratio Rank: 81
INFL Sortino Ratio Rank: 79
INFL Omega Ratio Rank: 79
INFL Calmar Ratio Rank: 83
INFL Martin Ratio Rank: 86

FFLC

FFLC Risk / Return Rank: 67
FFLC Sharpe Ratio Rank: 62
FFLC Sortino Ratio Rank: 64
FFLC Omega Ratio Rank: 67
FFLC Calmar Ratio Rank: 68
FFLC Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INFL vs. FFLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Inflation Beneficiaries ETF (INFL) and Fidelity Fundamental Large Cap Core ETF (FFLC). 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	FFLC	Difference
Sharpe ratio Return per unit of total volatility	1.51	1.04	+0.48
Sortino ratio Return per unit of downside risk	1.99	1.55	+0.44
Omega ratio Gain probability vs. loss probability	1.30	1.23	+0.06
Calmar ratio Return relative to maximum drawdown	2.32	1.65	+0.66
Martin ratio Return relative to average drawdown	9.88	7.14	+2.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INFL vs. FFLC - Sharpe Ratio Comparison

The current INFL Sharpe Ratio is 1.51, which is higher than the FFLC Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of INFL and FFLC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	INFL	FFLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	1.04	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.85	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	1.04	-0.10

Correlation

The correlation between INFL and FFLC is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

INFL vs. FFLC - Dividend Comparison

INFL's dividend yield for the trailing twelve months is around 0.91%, less than FFLC's 1.14% yield.

	TTM	2025	2024	2023	2022	2021	2020
INFL Horizon Kinetics Inflation Beneficiaries ETF	0.91%	1.26%	1.77%	1.60%	1.65%	0.91%	0.00%
FFLC Fidelity Fundamental Large Cap Core ETF	1.14%	1.10%	0.82%	0.57%	1.67%	1.68%	0.89%

Drawdowns

INFL vs. FFLC - Drawdown Comparison

The maximum INFL drawdown since its inception was -21.30%, which is greater than FFLC's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for INFL and FFLC.

Drawdown Indicators

	INFL	FFLC	Difference
Max Drawdown Largest peak-to-trough decline	-21.30%	-19.72%	-1.58%
Max Drawdown (1Y) Largest decline over 1 year	-12.89%	-11.92%	-0.97%
Max Drawdown (5Y) Largest decline over 5 years	-21.30%	-19.72%	-1.58%
Current Drawdown Current decline from peak	-5.46%	-6.85%	+1.39%
Average Drawdown Average peak-to-trough decline	-5.14%	-3.05%	-2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	2.76%	+0.26%

Volatility

INFL vs. FFLC - Volatility Comparison

Horizon Kinetics Inflation Beneficiaries ETF (INFL) and Fidelity Fundamental Large Cap Core ETF (FFLC) have volatilities of 5.86% and 6.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INFL	FFLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.86%	6.13%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	13.54%	10.24%	+3.30%
Volatility (1Y) Calculated over the trailing 1-year period	19.55%	18.67%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.71%	16.94%	+0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.78%	17.78%	0.00%