TINT vs. NVIR

Last updated Jun 24, 2026

TINT (ProShares Smart Materials ETF) and NVIR (Horizon Kinetics Energy Remediation ETF) are both Energy Equities funds. TINT is passively managed, while NVIR is actively managed. Over the past 3 years, TINT returned 8.66%/yr vs 18.04%/yr for NVIR. At a 0.46 correlation, their price movements are largely independent. TINT charges 0.58%/yr vs 0.85%/yr for NVIR.

Performance

TINT vs. NVIR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Smart Materials ETF (TINT) and Horizon Kinetics Energy Remediation ETF (NVIR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TINT achieves a 19.21% return, which is significantly higher than NVIR's 15.99% return.

TINT

• 1D: -4.06%
• 1M: -2.84%
• YTD: 19.21%
• 6M: 18.70%
• 1Y: 35.71%
• 3Y*: 8.66%
• 5Y*: —
• 10Y*: —

NVIR

• 1D: -0.24%
• 1M: -6.60%
• YTD: 15.99%
• 6M: 15.77%
• 1Y: 26.56%
• 3Y*: 18.04%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TINT vs. NVIR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TINT ProShares Smart Materials ETF	19.21%	16.13%	-13.37%	6.46%
NVIR Horizon Kinetics Energy Remediation ETF	15.99%	9.84%	17.53%	5.23%

Correlation

The correlation between TINT and NVIR is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (All Time) Calculated using the full available price history since Feb 22, 2023	0.46

Over the past year, the correlation between TINT and NVIR has dropped to 0.20 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

TINT vs. NVIR - Sectors Allocation Comparison

Sectors	TINT	NVIR
Basic Materials	67.3%	1.8%
Technology	21.0%	2.8%
Industrials	7.0%	15.0%
Financial Services	3.9%	-
Healthcare	0.8%	1.3%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	79.3%
Real Estate	-	-
Utilities	-	3.1%

Return for Risk

TINT vs. NVIR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TINT

TINT Risk / Return Rank: 45
TINT Sharpe Ratio Rank: 45
TINT Sortino Ratio Rank: 45
TINT Omega Ratio Rank: 44
TINT Calmar Ratio Rank: 45
TINT Martin Ratio Rank: 47

NVIR

NVIR Risk / Return Rank: 53
NVIR Sharpe Ratio Rank: 50
NVIR Sortino Ratio Rank: 46
NVIR Omega Ratio Rank: 47
NVIR Calmar Ratio Rank: 64
NVIR Martin Ratio Rank: 57

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.

TINT vs. NVIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Smart Materials ETF (TINT) and Horizon Kinetics Energy Remediation ETF (NVIR). 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.

	TINT	NVIR	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.61	-0.15
Sortino ratio: Return per unit of downside risk	2.08	2.16	-0.08
Omega ratio: Gain probability vs. loss probability	1.26	1.28	-0.01
Calmar ratio: Return relative to maximum drawdown	2.05	2.93	-0.89
Martin ratio: Return relative to average drawdown	7.29	9.32	-2.03

TINT vs. NVIR - Sharpe Ratio Comparison

The current TINT Sharpe Ratio is 1.46, which is comparable to the NVIR Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of TINT and NVIR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TINT vs. NVIR - Drawdown Comparison

The maximum TINT drawdown since its inception was -41.36%, which is greater than NVIR's maximum drawdown of -22.47%. Use the drawdown chart below to compare losses from any high point for TINT and NVIR.

Drawdown Indicators

	TINT	NVIR	Difference
Max Drawdown Largest peak-to-trough decline	-41.36%	-22.47%	-18.89%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-9.09%	-8.44%
Max Drawdown (3Y) Largest decline over 3 years	-30.42%	-22.47%	-7.95%
Current Drawdown Current decline from peak	-6.73%	-7.99%	+1.26%
Average Drawdown Average peak-to-trough decline	-20.92%	-4.61%	-16.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	2.86%	+2.05%

Volatility

TINT vs. NVIR - Volatility Comparison

ProShares Smart Materials ETF (TINT) has a higher volatility of 8.83% compared to Horizon Kinetics Energy Remediation ETF (NVIR) at 6.20%. This indicates that TINT's price experiences larger fluctuations and is considered to be riskier than NVIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TINT	NVIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.83%	6.20%	+2.63%
Volatility (6M) Calculated over the trailing 6-month period	21.16%	12.76%	+8.40%
Volatility (1Y) Calculated over the trailing 1-year period	24.63%	16.63%	+8.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.58%	19.32%	+4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.58%	19.32%	+4.26%

TINT vs. NVIR - Expense Ratio Comparison

TINT has a 0.58% expense ratio, which is lower than NVIR's 0.85% expense ratio.

Dividends

TINT vs. NVIR - Dividend Comparison

TINT's dividend yield for the trailing twelve months is around 1.03%, more than NVIR's 0.79% yield.

Position	TTM	2025	2024	2023	2022
NVIR Horizon Kinetics Energy Remediation ETF	0.79%	0.92%	1.50%	1.34%	0.00%
TINT ProShares Smart Materials ETF	1.03%	1.27%	1.47%	0.99%	1.36%

Frequently Asked Questions

Can I hold both TINT and NVIR in my portfolio?

TINT and NVIR have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TINT or NVIR?

TINT has higher volatility (8.83%) compared to NVIR (6.20%). In terms of maximum drawdown, TINT dropped -41.36% vs NVIR's -22.47%.

Which ETF is better, TINT or NVIR?

On 3-year performance, NVIR leads with 18.04% vs 8.66% for TINT. On fees, TINT is cheaper at 0.58% per year. On volatility, NVIR has been the lower-risk option at 6.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TINT or NVIR?

Over the 3-year period, NVIR has performed better with a 18.04% return vs 8.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TINT or NVIR?

TINT is cheaper with a 0.58% expense ratio, compared with 0.85% for NVIR.

Which ETF pays a higher dividend yield, TINT or NVIR?

TINT has the higher dividend yield at 1.03%, compared with 0.79% for NVIR.

What is the main difference between TINT and NVIR?

They also come from different issuers: ProShares and Horizon. Their fees differ too: 0.58% for TINT and 0.85% for NVIR.

Which has better risk-adjusted returns?

NVIR currently has the higher Sharpe Ratio (1.61 vs 1.46), 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.