INFL vs BNDW

Comparison between HORIZON KINETICS INFLATION BENEFICIARIES ETF (INFL, ETF) and VANGUARD TOTAL WORLD BOND ETF ETF SHARES (BNDW, ETF).

5-Year PerformanceINFL has outperformed BNDW, delivering a return of +13.4% compared to +0.3%

INFL vs BNDW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	INFL(ETF)	BNDW(ETF)
Net Assets	$1.50B	$1.60B
Expense Ratio	0.85%	0.05%
Max Drawdown	21.77%	20.94%
Sharpe Ratio	1.41	-0.07
5Y Beta	0.68	0.03
P/E Ratio	36.00	N/A
5Y Dividends CAGR	N/A	20.36%
Debt to Equity	79.59%	N/A
P/S Ratio	2.70	N/A
P/B Ratio	3.32	N/A

Net Assets

INFL

$1.50B

Winner

BNDW

$1.60B

Expense Ratio

INFL

0.85%

Winner

BNDW

0.05%

Max Drawdown

INFL

21.77%

Winner

BNDW

20.94%

Sharpe Ratio

Winner

INFL

1.41

BNDW

-0.07

5Y Beta

INFL

0.68

Winner

BNDW

0.03

P/E Ratio

INFL

36.00

BNDW

N/A

5Y Dividends CAGR

INFL

N/A

BNDW

20.36%

Debt to Equity

INFL

79.59%

BNDW

N/A

P/S Ratio

INFL

2.70

BNDW

N/A

P/B Ratio

INFL

3.32

BNDW

N/A

INFL vs BNDW - Holdings Comparison

INFL and BNDW have 0 common holdings. Overlap is 0.00%

INFL's top 25 holdings weight is 85.40%. BNDW's top 25 holdings weight is 99.99%.

Rank	INFL	BNDW
#1	WHEATON PRECIOUS METALS CORP (n/a) - 6.28%	VANGUARD TOTAL BOND MARKET ETF (BND) - 51.76%
#2	LANDBRIDGE CO LLC CLASS A SHARES (LB) - 5.45%	VANGUARD TOTAL INTERNATIONAL BOND ETF (BNDX) - 48.23%
#3	TEXAS PACIFIC LAND CORP (TPL) - 5.01%	N/A
#4	PRAIRIESKY ROYALTY LTD (PREKF) - 4.90%	N/A
#5	FRANCO-NEVADA CORP (n/a) - 4.84%	N/A
#6	VIPER ENERGY INC ORDINARY SHARES CLASS A (VNOM) - 4.84%	N/A
#7	WATERBRIDGE INFRASTRUCTURE LLC ORDINARY SHARES CLASS A (WBI) - 4.59%	N/A
#8	CAMECO CORP (n/a) - 4.40%	N/A
#9	OR ROYALTIES INC (n/a) - 3.85%	N/A
#10	US BANK MMDA USBGFS 7 (n/a) - 3.76%	N/A
#11	INTERCONTINENTAL EXCHANGE INC (ICE) - 3.36%	N/A
#12	HAWAIIAN ELECTRIC INDUSTRIES INC (HE) - 3.29%	N/A
#13	SINGAPORE EXCHANGE LTD (n/a) - 3.23%	N/A
#14	CHENIERE ENERGY INC (LNG) - 3.00%	N/A
#15	MIAMI INTERNATIONAL HOLDINGS INC (MIAX) - 2.88%	N/A
#16	DEUTSCHE BOERSE AG (n/a) - 2.77%	N/A
#17	CME GROUP INC CLASS A (CME) - 2.66%	N/A
#18	PERMIAN BASIN ROYALTY TRUST (PBT) - 2.52%	N/A
#19	BUNGE GLOBAL SA (BG) - 2.50%	N/A
#20	TMX GROUP LTD (n/a) - 2.30%	N/A
#21	TOPAZ ENERGY CORP ORDINARY SHARES (n/a) - 2.19%	N/A
#22	GLENCORE PLC (n/a) - 2.06%	N/A
#23	MARSH (MRSH) - 1.66%	N/A
#24	ASX LTD (n/a) - 1.58%	N/A
#25	SPROTT INC (SII) - 1.48%	N/A
Total Holdings	51	2

INFL vs BNDW - Historical Returns

Returns include dividend reinvestment.

Period	INFL	BNDW
1 month	-1.13%	-0.02%
3 months	+4.49%	-0.10%
6 months	+19.68%	+0.49%
1 year	+29.50%	+3.89%
5 years(CAGR)	+13.43%	+0.29%
Max(CAGR)	+16.44%	+1.86%

INFL

-1.13%

Winner

BNDW

-0.02%

Winner

INFL

+4.49%

BNDW

-0.10%

Winner

INFL

+19.68%

BNDW

+0.49%

Winner

INFL

+29.50%

BNDW

+3.89%

5Y(CAGR)

Winner

INFL

+13.43%

BNDW

+0.29%

Max(CAGR)

Winner

INFL

+16.44%

BNDW

+1.86%

INFL vs BNDW - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	INFL	BNDW
2026	+17.54%	+0.58%
2025	+16.90%	+4.92%
2024	+24.36%	+2.81%
2023	+3.96%	+6.52%
2022	+2.97%	-12.52%
2021	+24.78%	-2.04%
2020	N/A	+6.03%
2019	N/A	+8.13%
2018	N/A	+1.21%

INFL vs BNDW Drawdown Comparison

The maximum drawdown for INFL was -21.30%, occurring on Sep 26, 2022. Recovery took 552 trading sessions.

The maximum drawdown for BNDW was -17.22%, occurring on Oct 20, 2022. Recovery took 1293 trading sessions.

The current INFL drawdown is -4.62%. The current BNDW drawdown is -1.40%.

Rank	INFL	BNDW
#1	-21.30% Apr 20, 2022 - Jul 2, 2024	-17.22% Dec 31, 2020 - Feb 26, 2026
#2	-15.56% Nov 22, 2024 - May 20, 2025	-7.55% Mar 6, 2020 - Jun 29, 2020
#3	-8.36% Mar 2, 2026 - Mar 20, 2026	-2.69% Feb 27, 2026 - Mar 27, 2026
#4	-8.15% Nov 9, 2021 - Mar 2, 2022	-1.96% Sep 3, 2019 - Jan 24, 2020
#5	-7.17% Nov 12, 2025 - Jan 9, 2026	-1.28% Sep 6, 2018 - Dec 4, 2018
#6	-6.49% Jul 31, 2024 - Aug 19, 2024	-1.14% Aug 4, 2020 - Nov 30, 2020
#7	-5.94% Jun 15, 2021 - Sep 2, 2021	-0.72% Jul 3, 2019 - Jul 24, 2019
#8	-5.49% Jan 29, 2026 - Feb 11, 2026	-0.64% Mar 27, 2019 - May 7, 2019
#9	-4.78% Oct 6, 2025 - Nov 11, 2025	-0.57% Jan 3, 2019 - Jan 23, 2019
#10	-4.70% Feb 24, 2021 - Mar 10, 2021	-0.47% Feb 3, 2020 - Feb 18, 2020
#11	-4.56% Mar 17, 2021 - Apr 6, 2021	-0.47% Feb 22, 2019 - Mar 7, 2019
#12	-4.52% Jan 20, 2021 - Feb 5, 2021	-0.46% Aug 15, 2019 - Aug 27, 2019
#13	-4.26% Aug 23, 2024 - Sep 19, 2024	-0.42% Nov 30, 2020 - Dec 11, 2020
#14	-4.17% Sep 3, 2021 - Oct 13, 2021	-0.25% Jun 20, 2019 - Jun 28, 2019
#15	-3.59% Jun 13, 2025 - Aug 22, 2025	-0.22% Aug 7, 2019 - Aug 12, 2019