RINF vs. IBIE
RINF (ProShares Inflation Expectations ETF) and IBIE (iShares iBonds Oct 2028 Term TIPS ETF) are both Inflation-Protected Bonds funds - RINF tracks the FTSE 30-Year TIPS (Treasury Rate-Hedged) Index while IBIE tracks the ICE 2028 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, RINF returned 2.48% vs 4.80% for IBIE. At a correlation of -0.16, they often move in opposite directions. RINF charges 0.30%/yr vs 0.10%/yr for IBIE.
Performance
RINF vs. IBIE - Performance Comparison
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Returns By Period
In the year-to-date period, RINF achieves a 2.37% return, which is significantly higher than IBIE's 2.10% return.
RINF
- 1D
- -0.07%
- 1M
- 0.43%
- YTD
- 2.37%
- 6M
- 3.08%
- 1Y
- 2.48%
- 3Y*
- 4.84%
- 5Y*
- 5.43%
- 10Y*
- 4.69%
IBIE
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 2.10%
- 6M
- 2.07%
- 1Y
- 4.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RINF vs. IBIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RINF ProShares Inflation Expectations ETF | 2.37% | 1.64% | 9.79% | -4.17% |
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 2.10% | 6.46% | 3.95% | 2.93% |
Correlation
The correlation between RINF and IBIE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | -0.16 |
The correlation between RINF and IBIE shifts across timeframes, from -0.16 (all time) to -0.03 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RINF vs. IBIE — Risk / Return Rank
RINF
IBIE
RINF vs. IBIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Inflation Expectations ETF (RINF) and iShares iBonds Oct 2028 Term TIPS ETF (IBIE). 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 | IBIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -4.77 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.69 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 8.73 | -7.77 |
| Martin ratioReturn relative to average drawdown | 1.83 | 25.70 | -23.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RINF | IBIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 3.09 | -2.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 2.02 | -1.93 |
Drawdowns
RINF vs. IBIE - Drawdown Comparison
The maximum RINF drawdown since its inception was -43.51%, which is greater than IBIE's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for RINF and IBIE.
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Drawdown Indicators
| RINF | IBIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.51% | -1.70% | -41.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -0.55% | -2.05% |
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 | -0.66% | 0.00% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -16.45% | -0.39% | -16.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.19% | +1.18% |
Volatility
RINF vs. IBIE - Volatility Comparison
ProShares Inflation Expectations ETF (RINF) has a higher volatility of 1.19% compared to iShares iBonds Oct 2028 Term TIPS ETF (IBIE) at 0.38%. This indicates that RINF's price experiences larger fluctuations and is considered to be riskier than IBIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RINF | IBIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.38% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 0.97% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.49% | 1.56% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.82% | 2.86% | +9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.57% | 2.86% | +9.71% |
RINF vs. IBIE - Expense Ratio Comparison
RINF has a 0.30% expense ratio, which is higher than IBIE's 0.10% expense ratio.
Dividends
RINF vs. IBIE - Dividend Comparison
RINF's dividend yield for the trailing twelve months is around 3.70%, more than IBIE's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 3.25% | 4.09% | 4.23% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
RINF and IBIE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RINF has higher volatility (1.19%) compared to IBIE (0.38%). In terms of maximum drawdown, RINF dropped -43.51% vs IBIE's -1.70%.
On 1-year performance, IBIE leads with 4.80% vs 2.48% for RINF. On fees, IBIE is cheaper at 0.10% per year. On volatility, IBIE has been the lower-risk option at 0.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIE has performed better with a 4.80% return vs 2.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIE is cheaper with a 0.10% expense ratio, compared with 0.30% for RINF.
RINF has the higher dividend yield at 3.70%, compared with 3.25% for IBIE.
RINF tracks FTSE 30-Year TIPS (Treasury Rate-Hedged) Index, while IBIE tracks ICE 2028 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.30% for RINF and 0.10% for IBIE.
IBIE currently has the higher Sharpe Ratio (3.09 vs 0.56), 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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