RINF vs. TLT
RINF (ProShares Inflation Expectations ETF) and TLT (iShares 20+ 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 TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, RINF returned 4.69%/yr vs -2.25%/yr for TLT. Their -0.30 correlation means they have often moved in opposite directions in the past. RINF charges 0.30%/yr vs 0.15%/yr for TLT.
Performance
RINF vs. TLT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RINF achieves a 2.82% return, which is significantly higher than TLT's -2.43% return. Over the past 10 years, RINF has outperformed TLT with an annualized return of 4.69%, while TLT has yielded a comparatively lower -2.25% annualized return.
RINF
- 1D
- -0.25%
- 1M
- 1.11%
- 6M
- 2.17%
- YTD
- 2.82%
- 1Y
- 4.00%
- 3Y*
- 3.46%
- 5Y*
- 6.01%
- 10Y*
- 4.69%
- ALL TIME*
- 0.99%
TLT
- 1D
- 0.77%
- 1M
- -2.76%
- 6M
- -2.36%
- YTD
- -2.43%
- 1Y
- -1.64%
- 3Y*
- -0.90%
- 5Y*
- -8.10%
- 10Y*
- -2.25%
- ALL TIME*
- 3.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $105.36K | $112.30K | $130.83K | |
| $2.59B | $2.11B | $2.22B |
RINF vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RINF ProShares Inflation Expectations ETF | 2.82% | 1.64% | 9.79% | 0.21% | 8.77% | 16.20% | 1.98% | 1.82% | -0.79% | -1.70% |
TLT iShares 20+ Year Treasury Bond ETF | -2.43% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between RINF and TLT is -0.48, 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. | -0.48 |
Correlation (3Y) Balances recent behavior with more history. | -0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | -0.30 |
The correlation between RINF and TLT shifts across timeframes, from -0.57 (3 years) to -0.30 (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.
Return for Risk
RINF vs. TLT — Risk / Return Rank
RINF
TLT
RINF vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Inflation Expectations ETF (RINF) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.98 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | -0.21 | +1.96 |
| Martin ratioReturn relative to average drawdown | 4.34 | -0.45 | +4.79 |
Loading charts...
Drawdowns
RINF vs. TLT - Drawdown Comparison
The maximum RINF drawdown since its inception was -43.51%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for RINF and TLT.
Loading charts...
Drawdown Indicators
| RINF | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.51% | -48.35% | +4.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -7.74% | +5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -9.62% | -14.79% | +5.17% |
Max Drawdown (5Y)Largest decline over 5 years | -13.58% | -43.70% | +30.12% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -48.35% | +19.17% |
Current DrawdownCurrent decline from peak | -0.34% | -41.73% | +41.39% |
Average DrawdownAverage peak-to-trough decline | -16.27% | -14.00% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 3.63% | -2.71% |
Volatility
RINF vs. TLT - Volatility Comparison
The current volatility for ProShares Inflation Expectations ETF (RINF) is 1.51%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.67%. This indicates that RINF experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RINF | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 2.67% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 6.88% | -3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 9.25% | -5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.50% | 15.75% | -3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.54% | 14.83% | -2.29% |
RINF vs. TLT - Expense Ratio Comparison
RINF has a 0.30% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
RINF vs. TLT - Dividend Comparison
RINF's dividend yield for the trailing twelve months is around 3.65%, less than TLT's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RINF ProShares Inflation Expectations ETF | 3.65% | 3.89% | 4.68% | 5.07% | 1.15% | 2.76% | 0.82% | 1.90% | 2.47% | 2.99% | 1.09% | 1.83% |
TLT iShares 20+ Year Treasury Bond ETF | 4.71% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
RINF and TLT have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.67%) compared to RINF (1.51%). In terms of maximum drawdown, RINF dropped -43.51% vs TLT's -48.35%.
On 10-year performance, RINF leads with 4.69% vs -2.25% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, RINF has been the lower-risk option at 1.51%. 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 -2.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.30% for RINF.
TLT has the higher dividend yield at 4.71%, compared with 3.65% for RINF.
RINF is categorized as Inflation-Protected Bonds, while TLT is Government Bonds. RINF tracks FTSE 30-Year TIPS (Treasury Rate-Hedged) Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.30% for RINF and 0.15% for TLT.
RINF currently has the higher Sharpe Ratio (0.95 vs -0.18), 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.
Find the right allocation for RINF and TLT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer