- ISIN
- US37960A7928
- Issuer
- Global X
- Inception Date
- Jul 5, 2022
- Region
- North America (U.S.)
- Category
- Inflation-Protected Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $1M
Share Price Chart
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Performance
IRVH Performance Chart
Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) is down 4.4% since the beginning of the year. IRVH is currently trading at $19 per share.
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Returns By Period
Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has returned -4.36% so far this year and -2.13% over the past 12 months.
Global X Interest Rate Volatility & Inflation Hedge ETF
- 1D
- -0.36%
- 1M
- -1.18%
- YTD
- -4.36%
- 6M
- -4.00%
- 1Y
- -2.13%
- 3Y*
- 0.01%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IRVH Monthly Returns History
Based on dividend-adjusted daily data since Jul 6, 2022, IRVH's average daily return is -0.01%, while the average monthly return is -0.15%.
Historically, 46% of months were positive and 54% were negative. The best month was Mar 2023 with a return of +6.5%, while the worst month was Sep 2022 at -6.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IRVH closed higher 48% of trading days. The best single day was Sep 28, 2022 with a return of +3.3%, while the worst single day was Aug 5, 2022 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.57% | 0.67% | -2.07% | -0.34% | -0.62% | -1.51% | -4.36% | ||||||
| 2025 | 0.67% | 2.07% | 1.94% | 3.32% | -1.95% | 0.96% | -0.93% | 2.75% | -1.77% | 0.07% | 0.67% | -0.19% | 7.71% |
| 2024 | -0.55% | -2.45% | -0.55% | -3.21% | 1.03% | 0.74% | 2.93% | 1.82% | 1.22% | -4.15% | -1.00% | -1.20% | -5.49% |
| 2023 | -0.36% | -3.31% | 6.54% | 0.78% | -1.09% | -4.50% | -0.02% | -0.33% | -0.99% | 1.10% | 1.58% | 1.83% | 0.83% |
| 2022 | 3.24% | -5.68% | -6.56% | 1.38% | 2.67% | -1.48% | -6.69% |
Benchmark Metrics
Global X Interest Rate Volatility & Inflation Hedge ETF has an annualized alpha of -3.13%, beta of 0.07, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since July 06, 2022.
- This ETF participated in 45.09% of S&P 500 Index downside but only 8.91% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.07 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -3.13%
- Beta
- 0.07
- R²
- 0.02
- Upside Capture
- 8.91%
- Downside Capture
- 45.09%
Expense Ratio
IRVH has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IRVH ranks 5 for risk / return — in the bottom 5% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) and compare them to S&P 500 Index.
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.
| IRVH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.34 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.37 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 2.78 | -3.14 |
| Martin ratioReturn relative to average drawdown | -0.82 | 12.44 | -13.26 |
Dividends
Dividend History
Global X Interest Rate Volatility & Inflation Hedge ETF provided a 5.62% dividend yield over the last twelve months, with an annual payout of $1.08 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.08 | $1.00 | $0.67 | $0.80 | $0.61 |
Dividend yield | 5.62% | 4.89% | 3.34% | 3.69% | 2.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Interest Rate Volatility & Inflation Hedge ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.05 | $0.05 | $0.06 | $0.07 | $0.08 | $0.31 | ||||||
| 2025 | $0.00 | $0.03 | $0.03 | $0.04 | $0.05 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.42 | $1.00 |
| 2024 | $0.00 | $0.03 | $0.03 | $0.05 | $0.07 | $0.07 | $0.07 | $0.06 | $0.05 | $0.05 | $0.03 | $0.16 | $0.67 |
| 2023 | $0.00 | $0.05 | $0.04 | $0.06 | $0.08 | $0.08 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.15 | $0.80 |
| 2022 | $0.12 | $0.15 | $0.09 | $0.07 | $0.19 | $0.61 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Interest Rate Volatility & Inflation Hedge ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Interest Rate Volatility & Inflation Hedge ETF was 14.98%, occurring on Dec 19, 2024. The portfolio has not yet recovered.
The current Global X Interest Rate Volatility & Inflation Hedge ETF drawdown is 11.28%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 correction2024 | -14.98%Dec 2024 | 2y 4mo | — | 3y 10moAug 2022 - now |
Bear market2022 | -1.33%Jul 2022 | 7d | 1d | 8dJul 2022 - Jul 2022 |
Bear market2022 | -1.10%Jul 2022 | 1d | 2d | 3dJul 2022 - Jul 2022 |
Bear market2022 | -0.18%Jul 2022 | 1d | 4d | 5dJul 2022 - Jul 2022 |
Drawdown Indicators
| IRVH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -56.78% | +41.80% |
Max Drawdown (1Y)Largest decline over 1 year | -5.96% | -9.10% | +3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -18.90% | +10.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -11.28% | -1.80% | -9.48% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -10.71% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.03% | +0.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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