RINF vs. CAAA
RINF (ProShares Inflation Expectations ETF) and CAAA (First Trust Commercial Mortgage Opportunities ETF) are both exchange-traded funds - RINF is a Inflation-Protected Bonds fund tracking the FTSE 30-Year TIPS (Treasury Rate-Hedged) Index, while CAAA is a Intermediate Core-Plus Bond fund actively managed by First Trust. RINF is passively managed, while CAAA is actively managed. Over the past year, RINF returned 4.68% vs 3.64% for CAAA. Their -0.43 correlation means they have often moved in opposite directions in the past. RINF charges 0.30%/yr vs 0.55%/yr for CAAA.
Performance
RINF vs. CAAA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RINF achieves a 3.18% return, which is significantly higher than CAAA's 0.73% return.
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%
CAAA
- 1D
- -0.15%
- 1M
- -0.49%
- 6M
- 0.49%
- YTD
- 0.73%
- 1Y
- 3.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $96.11K | $88.92K | $151.98K | |
| $118.15K | $123.66K | $133.91K |
RINF vs. CAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RINF ProShares Inflation Expectations ETF | 3.18% | 1.64% | 6.03% |
CAAA First Trust Commercial Mortgage Opportunities ETF | 0.73% | 8.03% | 4.65% |
Correlation
The correlation between RINF and CAAA is -0.37, 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. | -0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2024 | -0.44 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RINF vs. CAAA — Risk / Return Rank
RINF
CAAA
RINF vs. CAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Inflation Expectations ETF (RINF) and First Trust Commercial Mortgage Opportunities ETF (CAAA). 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.
| RINF | CAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.95 | -0.31 |
| Martin ratioReturn relative to average drawdown | 4.07 | 5.64 | -1.57 |
Loading charts...
Drawdowns
RINF vs. CAAA - Drawdown Comparison
The maximum RINF drawdown since its inception was -43.51%, which is greater than CAAA's maximum drawdown of -2.24%. Use the drawdown chart below to compare losses from any high point for RINF and CAAA.
Loading charts...
Drawdown Indicators
| RINF | CAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.51% | -2.24% | -41.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -2.08% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -9.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.87% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -16.28% | -0.57% | -15.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.72% | +0.21% |
Volatility
RINF vs. CAAA - Volatility Comparison
ProShares Inflation Expectations ETF (RINF) has a higher volatility of 1.48% compared to First Trust Commercial Mortgage Opportunities ETF (CAAA) at 0.75%. This indicates that RINF's price experiences larger fluctuations and is considered to be riskier than CAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RINF | CAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 0.75% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 2.32% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 3.08% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.51% | 3.19% | +9.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.54% | 3.19% | +9.35% |
RINF vs. CAAA - Expense Ratio Comparison
RINF has a 0.30% expense ratio, which is lower than CAAA's 0.55% expense ratio.
Dividends
RINF vs. CAAA - Dividend Comparison
RINF's dividend yield for the trailing twelve months is around 3.63%, less than CAAA's 5.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAAA First Trust Commercial Mortgage Opportunities ETF | 5.03% | 6.09% | 4.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
RINF and CAAA have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RINF has higher volatility (1.48%) compared to CAAA (0.75%). In terms of maximum drawdown, RINF dropped -43.51% vs CAAA's -2.24%.
On 1-year performance, RINF leads with 4.68% vs 3.64% for CAAA. On fees, RINF is cheaper at 0.30% per year. On volatility, CAAA has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RINF has performed better with a 4.68% return vs 3.64%. 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 0.55% for CAAA.
CAAA has the higher dividend yield at 5.03%, compared with 3.63% for RINF.
RINF is categorized as Inflation-Protected Bonds, while CAAA is Intermediate Core-Plus Bond. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.30% for RINF and 0.55% for CAAA.
CAAA currently has the higher Sharpe Ratio (1.32 vs 0.88), 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.
Find the right allocation for RINF and CAAA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer