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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Global X Interest Rate Volatility & Inflation Hedge ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has returned -1.97% so far this year and 0.81% over the past 12 months.
Global X Interest Rate Volatility & Inflation Hedge ETF
- 1D
- 0.04%
- 1M
- -2.07%
- YTD
- -1.97%
- 6M
- -1.43%
- 1Y
- 0.81%
- 3Y*
- -0.66%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jul 6, 2022, IRVH's average daily return is -0.01%, while the average monthly return is -0.11%.
Historically, 49% of months were positive and 51% 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% | -1.97% | |||||||||
| 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 -2.42%, beta of 0.07, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since July 07, 2022.
- This ETF participated in 43.45% of S&P 500 Index downside but only 11.12% 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
- -2.42%
- Beta
- 0.07
- R²
- 0.02
- Upside Capture
- 11.12%
- Downside Capture
- 43.45%
Expense Ratio
IRVH has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IRVH ranks 14 for risk / return — in the bottom 14% 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 a chosen benchmark (S&P 500 Index).
| IRVH | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | 0.90 | -0.77 |
Sortino ratioReturn per unit of downside risk | 0.22 | 1.39 | -1.16 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.21 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.40 | -1.14 |
Martin ratioReturn relative to average drawdown | 0.60 | 6.61 | -6.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore IRVH risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Global X Interest Rate Volatility & Inflation Hedge ETF provided a 5.20% dividend yield over the last twelve months, with an annual payout of $1.04 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.04 | $1.00 | $0.67 | $0.80 | $0.61 |
Dividend yield | 5.20% | 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 | $0.10 | |||||||||
| 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 9.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.98% | Aug 1, 2022 | 602 | Dec 19, 2024 | — | — | — |
| -1.33% | Jul 13, 2022 | 6 | Jul 20, 2022 | 1 | Jul 21, 2022 | 7 |
| -1.1% | Jul 25, 2022 | 2 | Jul 26, 2022 | 2 | Jul 28, 2022 | 4 |
| -0.18% | Jul 7, 2022 | 2 | Jul 8, 2022 | 2 | Jul 12, 2022 | 4 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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