BCDF vs INFL
Horizon Kinetics Blockchain Development ETF vs Horizon Kinetics Inflation Beneficiaries ETF
Which is better, BCDF or INFL?
INFL has been ahead.
INFL led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BCDF | INFL |
|---|---|---|
| Expense Ratio | 0.85%Tie | 0.85%Tie |
| AUM | $23M | $1.6B |
| Dividend Yield | 2.37% | 0.80% |
| Holdings | 35 | 96 |
| YTD Return | +5.08% | +13.97%Best |
| 1Y Return | +2.09% | +15.65%Best |
| 3Y Return (annualized) | +15.97% | +19.83%Best |
| 5Y Return (annualized) | - | +12.04% |
| Volatility (annualized) | 15.3%Best | 17.4% |
| Max Drawdown | -27.7% | -15.6%Best |
| $10,000 over 4.2 years | $13,100 | $17,653Best |
| Fund Family | Horizon Kinetics LLC | Horizon Kinetics LLC |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Mid Cap Growth |
| Inception | Aug 1, 2022 | Jan 11, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Aug 2, 2022 to Oct 14, 2026 (4.2 years).
BCDF vs INFL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.2 years both funds cover.
BCDF vs INFL Performance
Horizon Kinetics Blockchain Development ETF (BCDF) is an ETF from Horizon Kinetics LLC and Horizon Kinetics Inflation Beneficiaries ETF (INFL) is an ETF from Horizon Kinetics LLC. Over the past year BCDF returned +2.09% while INFL returned +15.65%. Year to date, BCDF is up 5.08% versus a gain of 13.97% for INFL.
Over three years, BCDF compounded at +15.97% per year against +19.83% for INFL. Across the full 4-year window we track, INFL has the edge at +14.49% annualized vs +6.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
INFL has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 15.3% for BCDF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -27.7% for BCDF and -15.6% for INFL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BCDF charges 0.85% per year while INFL charges 0.85%. On a $10,000 position that is $85 vs $85 annually. On income, BCDF currently yields 2.37% against 0.80% for INFL.
Holdings Overlap
At least 30.8% of INFL's money is in holdings BCDF also owns.
Stated as a floor: for BCDF, our book for it covers 91.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
13 positions in common, counted across the 32 positions we hold weights for in BCDF and 47 in INFL, against full books of 35 and 96.
Top Shared Holdings
| Stock | Weight in BCDF | Weight in INFL | Difference |
|---|---|---|---|
| LBLandbridge Company, Llc | 3.84% | 7.00% | 3.16% |
| SGXL:SISingapore Exchange Limited Ordinary Shares | 6.12% | 3.54% | 2.58% |
| ICEIntercontinental Exchange Grp Usd0.01 | 4.67% | 4.52% | 0.15% |
| DB1GN:FFDeutsche Boerse Ag | 5.27% | 3.09% | 2.18% |
| X:CATmx Group Ltd. | 5.43% | 2.30% | 3.13% |
| 8697:JPJapan Exchange Group Inc | 4.86% | 1.65% | 3.21% |
| MIAXMiami International Holdings, Inc. | 2.85% | 2.15% | 0.70% |
| CMEC M E Group Inc. | 2.08% | 2.61% | 0.53% |
| TWTradeweb Markets Inc | 3.09% | 1.55% | 1.54% |
| HEHawaiian Electric Industr | 2.59% | 2.02% | 0.57% |
30.8% of INFL is already inside BCDF.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BCDF or INFL?
BCDF has an expense ratio of 0.85% while INFL charges 0.85%. At the precision these are quoted to, they cost the same.
Which performed better, BCDF or INFL?
Over the past year BCDF returned +2.09% vs +15.65% for INFL, so INFL leads on 1-year performance. Over the longest common window we track (4 years), BCDF annualized +6.64% vs +14.49% for INFL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BCDF or INFL?
INFL has been the more volatile fund at 17.4% annualized versus 15.3% for BCDF. Worst drawdown: BCDF -27.7% vs INFL -15.6%.
Should I hold both BCDF and INFL?
BCDF and INFL have a monthly-return correlation of 0.68, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BCDF and INFL?
At least 30.8% of INFL's money is in holdings BCDF also owns. Our book for BCDF is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 32 positions we hold weights for in BCDF and 47 in INFL.
Which pays a higher dividend, BCDF or INFL?
BCDF yields 2.37% while INFL yields 0.80%, so BCDF currently pays the higher dividend yield.
Is INFL better than BCDF?
INFL led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.