INFL vs QQQ
Horizon Kinetics Inflation Beneficiaries ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. INFL delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | INFL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.18% | |
| AUM | $1.5B | $496.3B | |
| Dividend Yield | 0.80% | 0.44% | |
| Holdings | 54 | 108 | |
| YTD Return | +22.97% | +16.23% | |
| 1Y Return | +31.53% | +26.23% | |
| 3Y Return (annualized) | +22.56% | +25.75% | |
| 5Y Return (annualized) | +15.08% | +14.78% | |
| Volatility (annualized) | 17.1% | 30.6% | |
| Max Drawdown | -21.3% | -83.0% | |
| Fund Family | Horizon Kinetics LLC | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 11, 2021 | Mar 10, 1999 |
INFL vs QQQ Performance
Horizon Kinetics Inflation Beneficiaries ETF (INFL) is a ETF from Horizon Kinetics LLC and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year INFL returned +31.53% while QQQ returned +26.23%. Year to date, INFL is up 22.97% versus a gain of 16.23% for QQQ.
Over three years, INFL compounded at +22.56% per year against +25.75% for QQQ; over five years the annualized figures are +15.08% and +14.78% respectively. Across the full 6-year window we track, INFL has the edge at +16.48% annualized vs +13.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 17.1% for INFL. 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 -21.3% for INFL and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INFL charges 0.85% per year while QQQ charges 0.18%. On a $10,000 position that is $85 vs $18 annually, a gap of $67 per year that compounds over a long holding period. On income, INFL currently yields 0.80% against 0.44% for QQQ.
Holdings Overlap
INFL and QQQ share 0 holdings out of 150 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, INFL or QQQ?
INFL has an expense ratio of 0.85% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, INFL or QQQ?
Over the past year INFL returned +31.53% vs +26.23% for QQQ, so INFL leads on 1-year performance. Over the longest common window we track (6 years), INFL annualized +16.48% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, INFL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.1% for INFL. Worst drawdown: INFL -21.3% vs QQQ -83.0%.
Should I hold both INFL and QQQ?
INFL and QQQ have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INFL and QQQ?
INFL and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 150 unique securities.
Which pays a higher dividend, INFL or QQQ?
INFL yields 0.80% while QQQ yields 0.44%, so INFL currently pays the higher dividend yield.
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