INFL vs VOO
Horizon Kinetics Inflation Beneficiaries ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. INFL delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | INFL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.03% | |
| AUM | $1.5B | $979.0B | |
| Dividend Yield | 0.83% | 1.09% | |
| Holdings | 48 | 509 | |
| YTD Return | +17.50% | +14.48% | |
| 1Y Return | +25.31% | +22.02% | |
| 3Y Return (annualized) | +19.80% | +21.80% | |
| 5Y Return (annualized) | +13.31% | +13.36% | |
| Volatility (annualized) | 16.9% | 14.2% | |
| Max Drawdown | -21.3% | -34.3% | |
| Fund Family | Horizon Kinetics LLC | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 11, 2021 | Sep 7, 2010 |
INFL vs VOO Performance
Horizon Kinetics Inflation Beneficiaries ETF (INFL) is a ETF from Horizon Kinetics LLC and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year INFL returned +25.31% while VOO returned +22.02%. Year to date, INFL is up 17.50% versus a gain of 14.48% for VOO.
Over three years, INFL compounded at +19.80% per year against +21.80% for VOO; over five years the annualized figures are +13.31% and +13.36% respectively. Across the full 6-year window we track, INFL has the edge at +15.60% annualized vs +13.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
INFL has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 14.2% for VOO. 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 -34.3% for VOO. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INFL charges 0.85% per year while VOO charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, INFL currently yields 0.83% against 1.09% for VOO.
Holdings Overlap
INFL and VOO share 4 holdings out of 546 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, INFL or VOO?
INFL has an expense ratio of 0.85% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, INFL or VOO?
Over the past year INFL returned +25.31% vs +22.02% for VOO, so INFL leads on 1-year performance. Over the longest common window we track (6 years), INFL annualized +15.60% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, INFL or VOO?
INFL has been the more volatile fund at 16.9% annualized versus 14.2% for VOO. Worst drawdown: INFL -21.3% vs VOO -34.3%.
Should I hold both INFL and VOO?
INFL and VOO have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INFL and VOO?
INFL and VOO share 4 common holdings with a 0.3% weight overlap. Combined, they hold 546 unique securities.
Which pays a higher dividend, INFL or VOO?
INFL yields 0.83% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.