RINF vs. STIP
Compare and contrast key facts about ProShares Inflation Expectations ETF (RINF) and iShares 0-5 Year TIPS Bond ETF (STIP).
RINF and STIP 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. STIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Dec 1, 2010. Both RINF and STIP 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 STIP.
Key characteristics
| RINF | STIP | |
|---|---|---|
| YTD Return | 9.69% | 4.34% |
| 1Y Return | 1.70% | 6.29% |
| 3Y Return (Ann) | 5.51% | 1.93% |
| 5Y Return (Ann) | 7.76% | 3.47% |
| 10Y Return (Ann) | 2.69% | 2.38% |
| Sharpe Ratio | 0.13 | 3.10 |
| Sortino Ratio | 0.23 | 5.21 |
| Omega Ratio | 1.03 | 1.68 |
| Calmar Ratio | 0.10 | 3.86 |
| Martin Ratio | 0.30 | 24.75 |
| Ulcer Index | 3.36% | 0.26% |
| Daily Std Dev | 7.90% | 2.06% |
| Max Drawdown | -43.45% | -5.50% |
| Current Drawdown | -0.81% | -0.68% |
Correlation
The correlation between RINF and STIP is 0.17, 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. STIP - Performance Comparison
In the year-to-date period, RINF achieves a 9.69% return, which is significantly higher than STIP's 4.34% return. Over the past 10 years, RINF has outperformed STIP with an annualized return of 2.69%, while STIP has yielded a comparatively lower 2.38% 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. STIP - Expense Ratio Comparison
RINF has a 0.30% expense ratio, which is higher than STIP's 0.06% expense ratio.
Risk-Adjusted Performance
RINF vs. STIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Inflation Expectations ETF (RINF) and iShares 0-5 Year TIPS Bond ETF (STIP). 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. STIP - Dividend Comparison
RINF's dividend yield for the trailing twelve months is around 4.94%, more than STIP's 2.46% 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% |
STIP iShares 0-5 Year TIPS Bond ETF | 2.46% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.43% | 1.59% | 0.89% | 0.00% | 0.75% | 0.31% |
Drawdowns
RINF vs. STIP - Drawdown Comparison
The maximum RINF drawdown since its inception was -43.45%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for RINF and STIP. For additional features, visit the drawdowns tool.
Volatility
RINF vs. STIP - Volatility Comparison
ProShares Inflation Expectations ETF (RINF) has a higher volatility of 2.86% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.46%. This indicates that RINF's price experiences larger fluctuations and is considered to be riskier than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.