IVOL vs. RINF
IVOL (Quadratic Interest Rate Volatility & Inflation Hedge ETF) and RINF (ProShares Inflation Expectations ETF) are both Inflation-Protected Bonds funds. IVOL is actively managed, while RINF is passively managed. Over the past 5 years, IVOL returned -5.87%/yr vs 5.76%/yr for RINF. Their 0.13 correlation means their historical movements had little consistent relationship. IVOL charges 0.99%/yr vs 0.30%/yr for RINF.
Performance
IVOL vs. RINF - Performance Comparison
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Returns By Period
In the year-to-date period, IVOL achieves a -7.33% return, which is significantly lower than RINF's 3.18% return.
IVOL
- 1D
- 0.17%
- 1M
- 0.36%
- 6M
- -6.64%
- YTD
- -7.33%
- 1Y
- -7.62%
- 3Y*
- -1.90%
- 5Y*
- -5.87%
- 10Y*
- —
- ALL TIME*
- -1.42%
RINF
- 1D
- 0.46%
- 1M
- 1.46%
- 6M
- 2.89%
- YTD
- 3.18%
- 1Y
- 4.68%
- 3Y*
- 3.98%
- 5Y*
- 5.76%
- 10Y*
- 4.81%
- ALL TIME*
- 1.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.46M | $1.22M | $2.07M | |
| $118.15K | $123.66K | $133.91K |
IVOL vs. RINF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | -7.33% | 11.97% | -11.07% | -5.18% | -12.69% | -0.31% | 14.56% | 3.35% |
RINF ProShares Inflation Expectations ETF | 3.18% | 1.64% | 9.79% | 0.21% | 8.77% | 16.20% | 1.98% | -1.44% |
Correlation
The correlation between IVOL and RINF is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.13 |
The correlation between IVOL and RINF shifts across timeframes, from -0.18 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IVOL vs. RINF — Risk / Return Rank
IVOL
RINF
IVOL vs. RINF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) and ProShares Inflation Expectations ETF (RINF). 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.
| IVOL | RINF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.15 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 1.64 | -2.15 |
| Martin ratioReturn relative to average drawdown | -0.99 | 4.07 | -5.06 |
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Drawdowns
IVOL vs. RINF - Drawdown Comparison
The maximum IVOL drawdown since its inception was -31.16%, smaller than the maximum RINF drawdown of -43.51%. Use the drawdown chart below to compare losses from any high point for IVOL and RINF.
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Drawdown Indicators
| IVOL | RINF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.16% | -43.51% | +12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -2.29% | -9.88% |
Max Drawdown (3Y)Largest decline over 3 years | -14.48% | -9.62% | -4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -30.07% | -13.58% | -16.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.18% | — |
Current DrawdownCurrent decline from peak | -27.12% | 0.00% | -27.12% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -16.28% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 0.93% | +5.29% |
Volatility
IVOL vs. RINF - Volatility Comparison
Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) has a higher volatility of 1.74% compared to ProShares Inflation Expectations ETF (RINF) at 1.48%. This indicates that IVOL's price experiences larger fluctuations and is considered to be riskier than RINF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOL | RINF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.48% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 3.13% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.74% | 4.33% | +2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 12.51% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.91% | 12.54% | -0.63% |
IVOL vs. RINF - Expense Ratio Comparison
IVOL has a 0.99% expense ratio, which is higher than RINF's 0.30% expense ratio.
Dividends
IVOL vs. RINF - Dividend Comparison
IVOL's dividend yield for the trailing twelve months is around 3.88%, more than RINF's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.88% | 3.61% | 3.83% | 3.73% | 3.92% | 3.93% | 3.44% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% |
RINF ProShares Inflation Expectations ETF | 3.63% | 3.89% | 4.68% | 5.07% | 1.15% | 2.76% | 0.82% | 1.90% | 2.47% | 2.99% | 1.09% | 1.83% |
Frequently Asked Questions
IVOL and RINF have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVOL has higher volatility (1.74%) compared to RINF (1.48%). In terms of maximum drawdown, IVOL dropped -31.16% vs RINF's -43.51%.
On 5-year performance, RINF leads with 5.76% vs -5.87% for IVOL. On fees, RINF is cheaper at 0.30% per year. On volatility, RINF has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, RINF has performed better with a 5.76% return vs -5.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RINF is cheaper with a 0.30% expense ratio, compared with 0.99% for IVOL.
IVOL has the higher dividend yield at 3.88%, compared with 3.63% for RINF.
They also come from different issuers: CICC and ProShares. Their fees differ too: 0.99% for IVOL and 0.30% for RINF.
RINF currently has the higher Sharpe Ratio (0.88 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.
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