PPI vs. RINC

Last updated Apr 1, 2026

Compare and contrast key facts about AXS Astoria Inflation Sensitive ETF (PPI) and AXS Real Estate Income ETF (RINC).

PPI and RINC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PPI is an actively managed fund by AXS. It was launched on Dec 30, 2021. RINC is a passively managed fund by AXS that tracks the performance of the Gapstow Real Estate Income Index. It was launched on Aug 28, 2023.

Performance

PPI vs. RINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AXS Astoria Inflation Sensitive ETF (PPI) and AXS Real Estate Income ETF (RINC). The values are adjusted to include any dividend payments, if applicable.

PPI vs. RINC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PPI AXS Astoria Inflation Sensitive ETF	11.99%	30.06%	-6.85%
RINC AXS Real Estate Income ETF	0.00%	7.75%	-6.40%

Returns By Period

PPI

• 1D: 2.01%
• 1M: -4.97%
• YTD: 11.99%
• 6M: 14.13%
• 1Y: 45.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RINC

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PPI vs. RINC - Expense Ratio Comparison

PPI has a 0.76% expense ratio, which is lower than RINC's 0.89% expense ratio.

RINC

AXS Real Estate Income ETF

PPI

AXS Astoria Inflation Sensitive ETF

Return for Risk

PPI vs. RINC — Risk / Return Rank

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

PPI

PPI Risk / Return Rank: 94
PPI Sharpe Ratio Rank: 93
PPI Sortino Ratio Rank: 93
PPI Omega Ratio Rank: 95
PPI Calmar Ratio Rank: 92
PPI Martin Ratio Rank: 95

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.

PPI vs. RINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AXS Astoria Inflation Sensitive ETF (PPI) and AXS Real Estate Income ETF (RINC). 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.

	PPI	RINC	Difference
Sharpe ratio Return per unit of total volatility	2.25	—	—
Sortino ratio Return per unit of downside risk	2.86	—	—
Omega ratio Gain probability vs. loss probability	1.45	—	—
Calmar ratio Return relative to maximum drawdown	3.43	—	—
Martin ratio Return relative to average drawdown	15.36	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PPI	RINC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	—	—

Correlation

The correlation between PPI and RINC is 0.30, 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.

Dividends

PPI vs. RINC - Dividend Comparison

PPI's dividend yield for the trailing twelve months is around 1.05%, less than RINC's 3.60% yield.

	TTM	2025	2024	2023
PPI AXS Astoria Inflation Sensitive ETF	1.05%	1.06%	0.35%	0.00%
RINC AXS Real Estate Income ETF	3.60%	6.04%	10.85%	3.88%

Drawdowns

Drawdown Indicators

	PPI	RINC	Difference
Max Drawdown Largest peak-to-trough decline	-18.89%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.32%	—	—
Current Drawdown Current decline from peak	-5.08%	—	—
Average Drawdown Average peak-to-trough decline	-2.98%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	—	—

Volatility

Volatility by Period

	PPI	RINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.23%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.41%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.41%	—	—