RINF vs. TIPZ
RINF (ProShares Inflation Expectations ETF) and TIPZ (PIMCO Broad US TIPS Index ETF) are both Inflation-Protected Bonds funds - RINF tracks the FTSE 30-Year TIPS (Treasury Rate-Hedged) Index while TIPZ tracks the ICE BofA US Inflation-Linked Treasury. Both are passively managed. Over the past 10 years, RINF returned 4.81%/yr vs 2.25%/yr for TIPZ. Their 0.04 correlation means their historical movements had little consistent relationship. RINF charges 0.30%/yr vs 0.20%/yr for TIPZ.
Performance
RINF vs. TIPZ - Performance Comparison
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Returns By Period
In the year-to-date period, RINF achieves a 3.18% return, which is significantly higher than TIPZ's 1.38% return. Over the past 10 years, RINF has outperformed TIPZ with an annualized return of 4.81%, while TIPZ has yielded a comparatively lower 2.25% annualized return.
RINF
- 1D
- 0.46%
- 1M
- 1.46%
- 6M
- 2.89%
- YTD
- 3.18%
- 1Y
- 4.68%
- 3Y*
- 3.98%
- 5Y*
- 5.76%
- 10Y*
- 4.81%
- ALL TIME*
- 1.02%
TIPZ
- 1D
- -0.21%
- 1M
- -0.88%
- 6M
- -0.24%
- YTD
- 1.38%
- 1Y
- 1.62%
- 3Y*
- 3.64%
- 5Y*
- -0.12%
- 10Y*
- 2.25%
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $118.15K | $123.66K | $133.91K | |
| $310.43K | $449.34K | $924.41K |
RINF vs. TIPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RINF ProShares Inflation Expectations ETF | 3.18% | 1.64% | 9.79% | 0.21% | 8.77% | 16.20% | 1.98% | 1.82% | -0.79% | -1.70% |
TIPZ PIMCO Broad US TIPS Index ETF | 1.38% | 5.87% | 1.52% | 3.37% | -12.67% | 5.48% | 10.98% | 8.64% | -1.65% | 3.12% |
Correlation
The correlation between RINF and TIPZ is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | -0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.02 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | 0.04 |
The correlation between RINF and TIPZ shifts across timeframes, from -0.25 (3 years) to 0.05 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
RINF vs. TIPZ — Risk / Return Rank
RINF
TIPZ
RINF vs. TIPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Inflation Expectations ETF (RINF) and PIMCO Broad US TIPS Index ETF (TIPZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RINF | TIPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.06 | +0.58 |
| Martin ratioReturn relative to average drawdown | 4.07 | 2.97 | +1.10 |
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Drawdowns
RINF vs. TIPZ - Drawdown Comparison
The maximum RINF drawdown since its inception was -43.51%, which is greater than TIPZ's maximum drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for RINF and TIPZ.
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Drawdown Indicators
| RINF | TIPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.51% | -15.77% | -27.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -2.18% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -9.62% | -4.05% | -5.57% |
Max Drawdown (5Y)Largest decline over 5 years | -13.58% | -15.77% | +2.19% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -15.77% | -13.41% |
Current DrawdownCurrent decline from peak | 0.00% | -2.60% | +2.60% |
Average DrawdownAverage peak-to-trough decline | -16.28% | -4.31% | -11.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.78% | +0.15% |
Volatility
RINF vs. TIPZ - Volatility Comparison
ProShares Inflation Expectations ETF (RINF) has a higher volatility of 1.48% compared to PIMCO Broad US TIPS Index ETF (TIPZ) at 0.74%. This indicates that RINF's price experiences larger fluctuations and is considered to be riskier than TIPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RINF | TIPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 0.74% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 2.60% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 3.85% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.51% | 6.34% | +6.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.54% | 5.83% | +6.71% |
RINF vs. TIPZ - Expense Ratio Comparison
RINF has a 0.30% expense ratio, which is higher than TIPZ's 0.20% expense ratio.
Dividends
RINF vs. TIPZ - Dividend Comparison
RINF's dividend yield for the trailing twelve months is around 3.63%, less than TIPZ's 5.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RINF ProShares Inflation Expectations ETF | 3.63% | 3.89% | 4.68% | 5.07% | 1.15% | 2.76% | 0.82% | 1.90% | 2.47% | 2.99% | 1.09% | 1.83% |
TIPZ PIMCO Broad US TIPS Index ETF | 5.48% | 4.74% | 4.44% | 4.69% | 7.14% | 4.41% | 1.47% | 1.65% | 2.23% | 1.70% | 1.06% | 0.56% |
Frequently Asked Questions
RINF and TIPZ have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RINF has higher volatility (1.48%) compared to TIPZ (0.74%). In terms of maximum drawdown, RINF dropped -43.51% vs TIPZ's -15.77%.
On 10-year performance, RINF leads with 4.81% vs 2.25% for TIPZ. On fees, TIPZ is cheaper at 0.20% per year. On volatility, TIPZ has been the lower-risk option at 0.74%. 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 4.81% return vs 2.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIPZ is cheaper with a 0.20% expense ratio, compared with 0.30% for RINF.
TIPZ has the higher dividend yield at 5.48%, compared with 3.63% for RINF.
RINF tracks FTSE 30-Year TIPS (Treasury Rate-Hedged) Index, while TIPZ tracks ICE BofA US Inflation-Linked Treasury. They also come from different issuers: ProShares and PIMCO. Their fees differ too: 0.30% for RINF and 0.20% for TIPZ.
RINF currently has the higher Sharpe Ratio (0.88 vs 0.60), 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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