INFL vs. VTIP
Compare and contrast key facts about Horizon Kinetics Inflation Beneficiaries ETF (INFL) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
INFL and VTIP 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. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INFL or VTIP.
Key characteristics
| INFL | VTIP | |
|---|---|---|
| YTD Return | 32.32% | 4.46% |
| 1Y Return | 39.95% | 7.00% |
| 3Y Return (Ann) | 10.87% | 2.13% |
| Sharpe Ratio | 2.94 | 3.24 |
| Sortino Ratio | 3.82 | 5.79 |
| Omega Ratio | 1.51 | 1.76 |
| Calmar Ratio | 3.38 | 4.06 |
| Martin Ratio | 17.54 | 27.03 |
| Ulcer Index | 2.31% | 0.26% |
| Daily Std Dev | 13.80% | 2.16% |
| Max Drawdown | -21.30% | -6.27% |
| Current Drawdown | -1.46% | -0.55% |
Correlation
The correlation between INFL and VTIP is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
INFL vs. VTIP - Performance Comparison
In the year-to-date period, INFL achieves a 32.32% return, which is significantly higher than VTIP's 4.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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INFL vs. VTIP - Expense Ratio Comparison
INFL has a 0.85% expense ratio, which is higher than VTIP's 0.04% expense ratio.
Risk-Adjusted Performance
INFL vs. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Inflation Beneficiaries ETF (INFL) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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.
Dividends
INFL vs. VTIP - Dividend Comparison
INFL's dividend yield for the trailing twelve months is around 1.41%, less than VTIP's 3.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INFL Horizon Kinetics Inflation Beneficiaries ETF | 1.41% | 1.60% | 1.65% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.39% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
INFL vs. VTIP - Drawdown Comparison
The maximum INFL drawdown since its inception was -21.30%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for INFL and VTIP. For additional features, visit the drawdowns tool.
Volatility
INFL vs. VTIP - Volatility Comparison
Horizon Kinetics Inflation Beneficiaries ETF (INFL) has a higher volatility of 3.69% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.45%. This indicates that INFL's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.