INFL vs. VOO
Compare and contrast key facts about Horizon Kinetics Inflation Beneficiaries ETF (INFL) and Vanguard S&P 500 ETF (VOO).
INFL and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
INFL vs. VOO - Performance Comparison
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INFL vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 27.14% |
Returns By Period
In the year-to-date period, INFL achieves a 17.28% return, which is significantly higher than VOO's -4.42% return.
INFL
- 1D
- 2.12%
- 1M
- -4.31%
- YTD
- 17.28%
- 6M
- 16.92%
- 1Y
- 29.44%
- 3Y*
- 20.97%
- 5Y*
- 15.20%
- 10Y*
- —
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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INFL vs. VOO - Expense Ratio Comparison
INFL has a 0.85% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
INFL vs. VOO — Risk / Return Rank
INFL
VOO
INFL vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Inflation Beneficiaries ETF (INFL) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 0.98 | +0.53 |
Sortino ratioReturn per unit of downside risk | 1.99 | 1.50 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.53 | +0.78 |
Martin ratioReturn relative to average drawdown | 9.88 | 7.29 | +2.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INFL | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 0.98 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.70 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.83 | +0.11 |
Correlation
The correlation between INFL and VOO is 0.64, 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. VOO - Dividend Comparison
INFL's dividend yield for the trailing twelve months is around 0.91%, less than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INFL Horizon Kinetics Inflation Beneficiaries ETF | 0.91% | 1.26% | 1.77% | 1.60% | 1.65% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
INFL vs. VOO - Drawdown Comparison
The maximum INFL drawdown since its inception was -21.30%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for INFL and VOO.
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Drawdown Indicators
| INFL | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.30% | -33.99% | +12.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.89% | -11.98% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -24.52% | +3.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -5.46% | -6.29% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -3.72% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.52% | +0.50% |
Volatility
INFL vs. VOO - Volatility Comparison
Horizon Kinetics Inflation Beneficiaries ETF (INFL) has a higher volatility of 5.86% compared to Vanguard S&P 500 ETF (VOO) at 5.29%. This indicates that INFL's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INFL | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 5.29% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 13.54% | 9.44% | +4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 18.10% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.71% | 16.82% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 17.99% | -0.21% |