WIP vs. RINF
WIP (SPDR FTSE International Government Inflation-Protected Bond ETF) and RINF (ProShares Inflation Expectations ETF) are both Inflation-Protected Bonds funds - WIP tracks the FTSE International Inflation-Linked Securities Select (USD) while RINF tracks the FTSE 30-Year TIPS (Treasury Rate-Hedged) Index. Both are passively managed. Over the past 10 years, WIP returned 1.22%/yr vs 4.71%/yr for RINF. Their -0.02 correlation means they have often moved in opposite directions in the past. WIP charges 0.50%/yr vs 0.30%/yr for RINF.
Performance
WIP vs. RINF - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with WIP at 3.08% and RINF at 3.08%. Over the past 10 years, WIP has underperformed RINF with an annualized return of 1.22%, while RINF has yielded a comparatively higher 4.71% annualized return.
WIP
- 1D
- -0.46%
- 1M
- 0.67%
- 6M
- -0.20%
- YTD
- 3.08%
- 1Y
- 8.01%
- 3Y*
- 3.95%
- 5Y*
- -0.93%
- 10Y*
- 1.22%
- ALL TIME*
- 1.19%
RINF
- 1D
- -0.09%
- 1M
- 1.37%
- 6M
- 2.73%
- YTD
- 3.08%
- 1Y
- 4.58%
- 3Y*
- 3.55%
- 5Y*
- 6.04%
- 10Y*
- 4.71%
- ALL TIME*
- 1.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $103.67K | $116.51K | $133.64K | |
| $1.39M | $2.40M | $4.36M |
WIP vs. RINF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 3.08% | 15.18% | -8.71% | 8.84% | -15.54% | -4.15% | 8.37% | 8.62% | -5.97% | 12.73% |
RINF ProShares Inflation Expectations ETF | 3.08% | 1.64% | 9.79% | 0.21% | 8.77% | 16.20% | 1.98% | 1.82% | -0.79% | -1.70% |
Correlation
The correlation between WIP and RINF is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | -0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2012 | -0.02 |
The correlation between WIP and RINF shifts across timeframes, from -0.23 (3 years) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WIP vs. RINF — Risk / Return Rank
WIP
RINF
WIP vs. RINF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and ProShares Inflation Expectations ETF (RINF). 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.
| WIP | RINF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.01 | -0.45 |
| Martin ratioReturn relative to average drawdown | 4.81 | 4.97 | -0.17 |
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Drawdowns
WIP vs. RINF - Drawdown Comparison
The maximum WIP drawdown since its inception was -29.60%, smaller than the maximum RINF drawdown of -43.51%. Use the drawdown chart below to compare losses from any high point for WIP and RINF.
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Drawdown Indicators
| WIP | RINF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.60% | -43.51% | +13.91% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -2.29% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -11.16% | -9.62% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | -13.58% | -15.08% |
Max Drawdown (10Y)Largest decline over 10 years | -28.84% | -29.18% | +0.34% |
Current DrawdownCurrent decline from peak | -5.00% | -0.09% | -4.91% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -16.28% | +7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 0.92% | +0.75% |
Volatility
WIP vs. RINF - Volatility Comparison
SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) has a higher volatility of 2.26% compared to ProShares Inflation Expectations ETF (RINF) at 1.47%. This indicates that WIP's price experiences larger fluctuations and is considered to be riskier than RINF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WIP | RINF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 1.47% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 3.13% | +3.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.55% | 4.21% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.45% | 12.50% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.14% | 12.54% | -2.40% |
WIP vs. RINF - Expense Ratio Comparison
WIP has a 0.50% expense ratio, which is higher than RINF's 0.30% expense ratio.
Dividends
WIP vs. RINF - Dividend Comparison
WIP's dividend yield for the trailing twelve months is around 6.12%, more than RINF's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RINF ProShares Inflation Expectations ETF | 3.64% | 3.89% | 4.68% | 5.07% | 1.15% | 2.76% | 0.82% | 1.90% | 2.47% | 2.99% | 1.09% | 1.83% |
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 6.12% | 5.51% | 6.06% | 6.54% | 11.15% | 4.63% | 1.59% | 2.49% | 4.05% | 1.91% | 1.27% | 1.14% |
Frequently Asked Questions
WIP and RINF have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WIP has higher volatility (2.26%) compared to RINF (1.47%). In terms of maximum drawdown, WIP dropped -29.60% vs RINF's -43.51%.
On 10-year performance, RINF leads with 4.71% vs 1.22% for WIP. On fees, RINF is cheaper at 0.30% per year. On volatility, RINF has been the lower-risk option at 1.47%. 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 4.71% return vs 1.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RINF is cheaper with a 0.30% expense ratio, compared with 0.50% for WIP.
WIP has the higher dividend yield at 6.12%, compared with 3.64% for RINF.
WIP tracks FTSE International Inflation-Linked Securities Select (USD), while RINF tracks FTSE 30-Year TIPS (Treasury Rate-Hedged) Index. They also come from different issuers: State Street and ProShares. Their fees differ too: 0.50% for WIP and 0.30% for RINF.
RINF currently has the higher Sharpe Ratio (1.09 vs 0.94), 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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