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RINF vs. SHY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RINF vs. SHY

Last updated Jun 4, 2026

RINF (ProShares Inflation Expectations ETF) and SHY (iShares 1-3 Year Treasury 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 SHY is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 10 years, RINF returned 4.69%/yr vs 1.65%/yr for SHY. At a correlation of -0.20, they often move in opposite directions. RINF charges 0.30%/yr vs 0.15%/yr for SHY.

Performance

RINF vs. SHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Inflation Expectations ETF (RINF) and iShares 1-3 Year Treasury Bond ETF (SHY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RINF achieves a 2.37% return, which is significantly higher than SHY's 0.43% return. Over the past 10 years, RINF has outperformed SHY with an annualized return of 4.69%, while SHY has yielded a comparatively lower 1.65% annualized 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%

SHY

1D
-0.05%
1M
0.08%
YTD
0.43%
6M
0.69%
1Y
3.32%
3Y*
4.03%
5Y*
1.71%
10Y*
1.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RINF vs. SHY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RINF
ProShares Inflation Expectations ETF		2.37%1.64%9.79%0.21%8.77%16.20%1.98%1.82%-0.79%-1.70%
SHY
iShares 1-3 Year Treasury Bond ETF		0.43%4.95%3.92%4.16%-3.88%-0.71%3.03%3.38%1.46%0.26%

Correlation

The correlation between RINF and SHY is -0.40, 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

-0.40

Correlation (3Y)
Calculated over the trailing 3-year period

-0.40

Correlation (5Y)
Calculated over the trailing 5-year period

-0.32

Correlation (10Y)
Calculated over the trailing 10-year period

-0.23

Correlation (All Time)
Calculated using the full available price history since Jan 13, 2012

-0.20

The correlation between RINF and SHY shifts across timeframes, from -0.40 (1 year) to -0.20 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Inflation Expectations ETF

iShares 1-3 Year Treasury Bond ETF

Often compared with RINF:
RINF vs. COMM.LRINF vs. TUARINF vs. TYARINF vs. IEFRINF vs. IRVHRINF vs. TIPZRINF vs. SPY
Often compared with SHY:
SHY vs. SGOVSHY vs. VGSHSHY vs. SHVSHY vs. TLTSHY vs. IEFSHY vs. BILSHY vs. BSV

Return for Risk

RINF vs. SHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RINF
RINF Risk / Return Rank: 1818
Overall Rank
RINF Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
RINF Sortino Ratio Rank: 1616
Sortino Ratio Rank
RINF Omega Ratio Rank: 1616
Omega Ratio Rank
RINF Calmar Ratio Rank: 2121
Calmar Ratio Rank
RINF Martin Ratio Rank: 1818
Martin Ratio Rank
SHY
SHY Risk / Return Rank: 7979
Overall Rank
SHY Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
SHY Sortino Ratio Rank: 8888
Sortino Ratio Rank
SHY Omega Ratio Rank: 8282
Omega Ratio Rank
SHY Calmar Ratio Rank: 7373
Calmar Ratio Rank
SHY Martin Ratio Rank: 7777
Martin Ratio Rank
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. SHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Inflation Expectations ETF (RINF) and iShares 1-3 Year Treasury Bond ETF (SHY). 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.

RINFSHYDifference
Sharpe ratioReturn per unit of total volatility
0.56
2.49

-1.93

Sortino ratioReturn per unit of downside risk
0.82
4.10

-3.28

Omega ratioGain probability vs. loss probability

1.10

1.51

-0.41

Calmar ratioReturn relative to maximum drawdown

0.96

3.75

-2.79

Martin ratioReturn relative to average drawdown

1.83

15.21

-13.38

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. SHY - Sharpe Ratio Comparison

The current RINF Sharpe Ratio is 0.56, which is lower than the SHY Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of RINF and SHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

RINFSHYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.56

2.49

-1.93

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

0.87

-0.44

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.37

1.06

-0.68

Sharpe Ratio (All Time)

Calculated using the full available price history

0.08

1.28

-1.20

Drawdowns

RINF vs. SHY - Drawdown Comparison

The maximum RINF drawdown since its inception was -43.51%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for RINF and SHY.

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Drawdown Indicators

RINFSHYDifference

Max Drawdown

Largest peak-to-trough decline

-43.51%

-5.71%

-37.80%

Max Drawdown (1Y)

Largest decline over 1 year

-2.60%

-0.89%

-1.71%

Max Drawdown (3Y)

Largest decline over 3 years

-9.62%

-0.97%

-8.65%

Max Drawdown (5Y)

Largest decline over 5 years

-13.58%

-5.71%

-7.87%

Max Drawdown (10Y)

Largest decline over 10 years

-29.18%

-5.71%

-23.47%

Current Drawdown

Current decline from peak

-0.66%

-0.31%

-0.35%

Average Drawdown

Average peak-to-trough decline

-16.45%

-0.52%

-15.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.37%

0.22%

+1.15%

Volatility

RINF vs. SHY - Volatility Comparison

ProShares Inflation Expectations ETF (RINF) has a higher volatility of 1.19% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.35%. This indicates that RINF's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RINFSHYDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.19%

0.35%

+0.84%

Volatility (6M)

Calculated over the trailing 6-month period

2.77%

0.92%

+1.85%

Volatility (1Y)

Calculated over the trailing 1-year period

4.49%

1.34%

+3.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.82%

1.98%

+10.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.57%

1.57%

+11.00%

RINF vs. SHY - Expense Ratio Comparison

RINF has a 0.30% expense ratio, which is higher than SHY's 0.15% expense ratio.

Dividends

RINF vs. SHY - Dividend Comparison

RINF's dividend yield for the trailing twelve months is around 3.70%, which matches SHY's 3.68% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
SHY
iShares 1-3 Year Treasury Bond ETF		3.68%3.81%3.92%2.99%1.30%0.26%0.94%2.12%1.72%0.98%0.71%0.54%

Frequently Asked Questions

RINF and SHY have a correlation of -0.40, 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 SHY (0.35%). In terms of maximum drawdown, RINF dropped -43.51% vs SHY's -5.71%.

On 10-year performance, RINF leads with 4.69% vs 1.65% for SHY. On fees, SHY is cheaper at 0.15% per year. On volatility, SHY has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RINF has performed better with a 4.69% return vs 1.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SHY is cheaper with a 0.15% expense ratio, compared with 0.30% for RINF.

RINF has the higher dividend yield at 3.70%, compared with 3.68% for SHY.

RINF is categorized as Inflation-Protected Bonds, while SHY is Government Bonds. RINF tracks FTSE 30-Year TIPS (Treasury Rate-Hedged) Index, while SHY tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.30% for RINF and 0.15% for SHY.

SHY currently has the higher Sharpe Ratio (2.49 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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