Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL)

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The chart shows the growth of an initial investment of $10,000 in Quadratic 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.

Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) has returned -1.46% so far this year and 3.84% over the past 12 months.

Based on dividend-adjusted daily data since May 14, 2019, IVOL's average daily return is 0.00%, while the average monthly return is -0.02%.

Historically, 54% of months were positive and 46% were negative. The best month was Mar 2023 with a return of +9.0%, while the worst month was Jun 2023 at -8.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, IVOL closed higher 47% of trading days. The best single day was Mar 15, 2023 with a return of +5.5%, while the worst single day was Mar 16, 2023 at -4.6%.

Quadratic Interest Rate Volatility & Inflation Hedge ETF has an annualized alpha of -0.44%, beta of 0.04, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 15, 2019.

• This ETF participated in 8.04% of S&P 500 Index downside but only 1.36% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.04 may look defensive, but with R² of 0.00 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 0.00 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.

IVOL has a high expense ratio of 0.99%, indicating above-average management fees.

IVOL ranks 22 for risk / return — below 22% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) and compare them to a chosen benchmark (S&P 500 Index).

Quadratic Interest Rate Volatility & Inflation Hedge ETF provided a 3.73% dividend yield over the last twelve months, with an annual payout of $0.70 per share.

The table displays the monthly dividend distributions for Quadratic Interest Rate Volatility & Inflation Hedge ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Quadratic 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 Quadratic Interest Rate Volatility & Inflation Hedge ETF was 31.16%, occurring on Dec 18, 2024. The portfolio has not yet recovered.

The current Quadratic Interest Rate Volatility & Inflation Hedge ETF drawdown is 22.51%.

The chart below shows the rolling one-month volatility.