TEXX vs. INFL
TEXX (Horizon Kinetics Texas ETF) and INFL (Horizon Kinetics Inflation Beneficiaries ETF) are both exchange-traded funds - TEXX is a Energy Equities fund actively managed by Horizon Kinetics, while INFL is a Global Equities fund actively managed by Horizon Kinetics. Both are actively managed. Their 0.67 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.85% expense ratio.
Performance
TEXX vs. INFL - Performance Comparison
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Returns By Period
TEXX
- 1D
- 0.82%
- 1M
- 5.41%
- 6M
- 15.40%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
INFL
- 1D
- -0.06%
- 1M
- 3.05%
- 6M
- 5.26%
- YTD
- 15.87%
- 1Y
- 25.84%
- 3Y*
- 18.91%
- 5Y*
- 12.86%
- 10Y*
- —
- ALL TIME*
- 15.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.88M | $5.98M | $13.46M | |
| $18.12K | $29.15K | $28.51K |
TEXX vs. INFL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TEXX Horizon Kinetics Texas ETF | 15.81% |
INFL Horizon Kinetics Inflation Beneficiaries ETF | 4.73% |
Correlation
The correlation between TEXX and INFL is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026 | 0.67 |
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Return for Risk
TEXX vs. INFL — Risk / Return Rank
TEXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
INFL
TEXX vs. INFL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Texas ETF (TEXX) and Horizon Kinetics Inflation Beneficiaries ETF (INFL). 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.
| TEXX | INFL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.07 | — |
| Martin ratioReturn relative to average drawdown | — | 5.55 | — |
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Drawdowns
TEXX vs. INFL - Drawdown Comparison
The maximum TEXX drawdown since its inception was -5.86%, smaller than the maximum INFL drawdown of -21.30%. Use the drawdown chart below to compare losses from any high point for TEXX and INFL.
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Drawdown Indicators
| TEXX | INFL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.86% | -21.30% | +15.44% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.20% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.30% | — |
Current DrawdownCurrent decline from peak | -1.11% | -6.59% | +5.48% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -5.20% | +3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.55% | — |
Volatility
TEXX vs. INFL - Volatility Comparison
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Volatility by Period
| TEXX | INFL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.06% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.11% | 16.38% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 17.74% | -1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 17.59% | -1.48% |
TEXX vs. INFL - Expense Ratio Comparison
Both TEXX and INFL have an expense ratio of 0.85%.
Dividends
TEXX vs. INFL - Dividend Comparison
TEXX has not paid dividends to shareholders, while INFL's dividend yield for the trailing twelve months is around 0.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
INFL Horizon Kinetics Inflation Beneficiaries ETF | 0.80% | 1.26% | 1.77% | 1.60% | 1.65% | 0.91% |
TEXX Horizon Kinetics Texas ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TEXX and INFL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.85% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TEXX and INFL have the same expense ratio: 0.85% per year.
INFL has the higher dividend yield at 0.80%, compared with 0.00% for TEXX.
TEXX is categorized as Energy Equities, while INFL is Global Equities.
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