RINF vs. QQQ
Compare and contrast key facts about ProShares Inflation Expectations ETF (RINF) and Invesco QQQ (QQQ).
RINF and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RINF is a passively managed fund by ProShares that tracks the performance of the FTSE 30-Year TIPS (Treasury Rate-Hedged) Index. It was launched on Jan 10, 2012. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both RINF and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RINF or QQQ.
Key characteristics
| RINF | QQQ | |
|---|---|---|
| YTD Return | 9.52% | 26.09% |
| 1Y Return | 0.60% | 39.88% |
| 3Y Return (Ann) | 6.04% | 9.90% |
| 5Y Return (Ann) | 7.43% | 21.46% |
| 10Y Return (Ann) | 2.68% | 18.52% |
| Sharpe Ratio | 0.11 | 2.22 |
| Sortino Ratio | 0.20 | 2.92 |
| Omega Ratio | 1.02 | 1.40 |
| Calmar Ratio | 0.09 | 2.86 |
| Martin Ratio | 0.20 | 10.44 |
| Ulcer Index | 4.11% | 3.72% |
| Daily Std Dev | 7.91% | 17.47% |
| Max Drawdown | -43.45% | -82.98% |
| Current Drawdown | -0.96% | 0.00% |
Correlation
The correlation between RINF and QQQ is 0.11, 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.
Performance
RINF vs. QQQ - Performance Comparison
In the year-to-date period, RINF achieves a 9.52% return, which is significantly lower than QQQ's 26.09% return. Over the past 10 years, RINF has underperformed QQQ with an annualized return of 2.68%, while QQQ has yielded a comparatively higher 18.52% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RINF vs. QQQ - Expense Ratio Comparison
RINF has a 0.30% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RINF vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Inflation Expectations ETF (RINF) and Invesco QQQ (QQQ). 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.
Dividends
RINF vs. QQQ - Dividend Comparison
RINF's dividend yield for the trailing twelve months is around 4.94%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RINF ProShares Inflation Expectations ETF | 4.94% | 5.07% | 1.15% | 2.76% | 0.83% | 1.91% | 2.47% | 2.99% | 1.09% | 1.83% | 1.42% | 0.94% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
RINF vs. QQQ - Drawdown Comparison
The maximum RINF drawdown since its inception was -43.45%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RINF and QQQ. For additional features, visit the drawdowns tool.
Volatility
RINF vs. QQQ - Volatility Comparison
The current volatility for ProShares Inflation Expectations ETF (RINF) is 2.86%, while Invesco QQQ (QQQ) has a volatility of 5.17%. This indicates that RINF experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.