RINF vs. GTO

Last updated Jun 5, 2026

RINF (ProShares Inflation Expectations ETF) and GTO (Invesco Total Return Bond ETF) are both exchange-traded funds - RINF is a Inflation-Protected Bonds fund tracking the FTSE 30-Year TIPS (Treasury Rate-Hedged) Index, while GTO is a Intermediate Core-Plus Bond fund actively managed by Invesco. RINF is passively managed, while GTO is actively managed. Over the past 10 years, RINF returned 4.70%/yr vs 2.96%/yr for GTO. At a correlation of -0.28, they often move in opposite directions. RINF charges 0.30%/yr vs 0.35%/yr for GTO.

Performance

RINF vs. GTO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Inflation Expectations ETF (RINF) and Invesco Total Return Bond ETF (GTO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RINF achieves a 2.46% return, which is significantly higher than GTO's 0.76% return. Over the past 10 years, RINF has outperformed GTO with an annualized return of 4.70%, while GTO has yielded a comparatively lower 2.96% annualized return.

RINF

• 1D: 0.09%
• 1M: 0.74%
• YTD: 2.46%
• 6M: 2.81%
• 1Y: 3.13%
• 3Y*: 4.69%
• 5Y*: 5.45%
• 10Y*: 4.70%

GTO

• 1D: 0.07%
• 1M: 0.39%
• YTD: 0.76%
• 6M: 0.91%
• 1Y: 5.98%
• 3Y*: 4.89%
• 5Y*: 0.08%
• 10Y*: 2.96%

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

RINF vs. GTO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RINF ProShares Inflation Expectations ETF	2.46%	1.64%	9.79%	0.21%	8.77%	16.20%	1.98%	1.82%	-0.79%	-1.70%
GTO Invesco Total Return Bond ETF	0.76%	7.17%	2.63%	5.95%	-14.77%	-0.38%	10.86%	11.65%	-0.26%	7.41%

Correlation

The correlation between RINF and GTO is -0.47, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.47
Correlation (3Y) Calculated over the trailing 3-year period	-0.53
Correlation (5Y) Calculated over the trailing 5-year period	-0.43
Correlation (10Y) Calculated over the trailing 10-year period	-0.29
Correlation (All Time) Calculated using the full available price history since Feb 11, 2016	-0.28

The correlation between RINF and GTO shifts across timeframes, from -0.53 (3 years) to -0.28 (all time), reflecting how their relationship changes across market environments.

RINF vs. GTO - Sectors Allocation Comparison

Sectors	RINF	GTO
Financial Services	76.3%	13.5%
Basic Materials	-	2.3%
Communication Services	-	10.8%
Consumer Cyclical	-	12.5%
Consumer Defensive	-	7.0%
Energy	-	2.3%
Healthcare	-	13.6%
Industrials	-	8.8%
Real Estate	-	2.4%
Technology	-	24.2%
Utilities	-	2.8%

Return for Risk

RINF vs. GTO — Risk / Return Rank

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

RINF

RINF Risk / Return Rank: 22
RINF Sharpe Ratio Rank: 22
RINF Sortino Ratio Rank: 20
RINF Omega Ratio Rank: 20
RINF Calmar Ratio Rank: 26
RINF Martin Ratio Rank: 20

GTO

GTO Risk / Return Rank: 50
GTO Sharpe Ratio Rank: 52
GTO Sortino Ratio Rank: 55
GTO Omega Ratio Rank: 52
GTO Calmar Ratio Rank: 45
GTO Martin Ratio Rank: 43

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.

RINF vs. GTO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Inflation Expectations ETF (RINF) and Invesco Total Return Bond ETF (GTO). 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.

	RINF	GTO	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.77	-1.06
Sortino ratio: Return per unit of downside risk	1.04	2.62	-1.58
Omega ratio: Gain probability vs. loss probability	1.12	1.32	-0.20
Calmar ratio: Return relative to maximum drawdown	1.21	2.20	-0.99
Martin ratio: Return relative to average drawdown	2.31	6.98	-4.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RINF vs. GTO - Sharpe Ratio Comparison

The current RINF Sharpe Ratio is 0.71, which is lower than the GTO Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of RINF and GTO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RINF	GTO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	1.77	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.01	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.53	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.52	-0.44

Drawdowns

RINF vs. GTO - Drawdown Comparison

The maximum RINF drawdown since its inception was -43.51%, which is greater than GTO's maximum drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for RINF and GTO.

Drawdown Indicators

	RINF	GTO	Difference
Max Drawdown Largest peak-to-trough decline	-43.51%	-20.61%	-22.90%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-2.73%	+0.13%
Max Drawdown (3Y) Largest decline over 3 years	-9.62%	-5.98%	-3.64%
Max Drawdown (5Y) Largest decline over 5 years	-13.58%	-20.61%	+7.03%
Max Drawdown (10Y) Largest decline over 10 years	-29.18%	-20.61%	-8.57%
Current Drawdown Current decline from peak	-0.57%	-1.55%	+0.98%
Average Drawdown Average peak-to-trough decline	-16.45%	-4.80%	-11.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	0.86%	+0.50%

Volatility

RINF vs. GTO - Volatility Comparison

ProShares Inflation Expectations ETF (RINF) and Invesco Total Return Bond ETF (GTO) have volatilities of 1.17% and 1.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RINF	GTO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	1.18%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	2.50%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	4.49%	3.43%	+1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.82%	5.68%	+7.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.57%	5.58%	+6.99%

RINF vs. GTO - Expense Ratio Comparison

RINF has a 0.30% expense ratio, which is lower than GTO's 0.35% expense ratio.

Dividends

RINF vs. GTO - Dividend Comparison

RINF's dividend yield for the trailing twelve months is around 3.70%, less than GTO's 4.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTO Invesco Total Return Bond ETF	4.76%	4.70%	4.42%	4.05%	3.47%	1.93%	4.04%	2.97%	5.25%	2.81%	2.57%	0.00%
RINF ProShares Inflation Expectations ETF	3.70%	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

Can I hold both RINF and GTO in my portfolio?

RINF and GTO have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RINF or GTO?

GTO has higher volatility (1.18%) compared to RINF (1.17%). In terms of maximum drawdown, RINF dropped -43.51% vs GTO's -20.61%.

Which ETF is better, RINF or GTO?

On 10-year performance, RINF leads with 4.70% vs 2.96% for GTO. On fees, RINF is cheaper at 0.30% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RINF or GTO?

Over the 10-year period, RINF has performed better with a 4.70% return vs 2.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RINF or GTO?

RINF is cheaper with a 0.30% expense ratio, compared with 0.35% for GTO.

Which ETF pays a higher dividend yield, RINF or GTO?

GTO has the higher dividend yield at 4.76%, compared with 3.70% for RINF.

What is the main difference between RINF and GTO?

RINF is categorized as Inflation-Protected Bonds, while GTO is Intermediate Core-Plus Bond. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.30% for RINF and 0.35% for GTO.

Which has better risk-adjusted returns?

GTO currently has the higher Sharpe Ratio (1.77 vs 0.71), 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.