IBIC vs. IRVH
IBIC (iShares iBonds Oct 2026 Term TIPS ETF) and IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) are both Inflation-Protected Bonds funds. IBIC is passively managed, while IRVH is actively managed. Over the past year, IBIC returned 4.40% vs -2.96% for IRVH. At a 0.37 correlation, their price movements are largely independent. IBIC charges 0.10%/yr vs 0.50%/yr for IRVH.
Performance
IBIC vs. IRVH - Performance Comparison
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Returns By Period
In the year-to-date period, IBIC achieves a 2.33% return, which is significantly higher than IRVH's -4.21% return.
IBIC
- 1D
- -0.10%
- 1M
- 0.02%
- YTD
- 2.33%
- 6M
- 2.35%
- 1Y
- 4.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRVH
- 1D
- 0.31%
- 1M
- -1.03%
- YTD
- -4.21%
- 6M
- -3.71%
- 1Y
- -2.96%
- 3Y*
- 0.07%
- 5Y*
- —
- 10Y*
- —
IBIC vs. IRVH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.33% | 4.96% | 5.25% | 2.17% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -4.21% | 7.71% | -5.49% | 4.31% |
Correlation
The correlation between IBIC and IRVH is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.37 |
Over the past year, the correlation between IBIC and IRVH has dropped to 0.16 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
IBIC vs. IRVH — Risk / Return Rank
IBIC
IRVH
IBIC vs. IRVH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) and Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| IBIC | IRVH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.57 | ||
| Sortino ratioReturn per unit of downside risk | +9.70 | ||
| Omega ratioGain probability vs. loss probability | 2.21 | 0.91 | +1.31 |
| Calmar ratioReturn relative to maximum drawdown | 16.49 | -0.49 | +16.97 |
| Martin ratioReturn relative to average drawdown | 57.80 | -1.12 | +58.91 |
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Drawdowns
IBIC vs. IRVH - Drawdown Comparison
The maximum IBIC drawdown since its inception was -0.90%, smaller than the maximum IRVH drawdown of -14.98%. Use the drawdown chart below to compare losses from any high point for IBIC and IRVH.
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Drawdown Indicators
| IBIC | IRVH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.90% | -14.98% | +14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -0.27% | -6.11% | +5.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.03% | — |
Current DrawdownCurrent decline from peak | -0.17% | -11.14% | +10.97% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -9.72% | +9.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 2.66% | -2.58% |
Volatility
IBIC vs. IRVH - Volatility Comparison
The current volatility for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) is 0.19%, while Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has a volatility of 1.13%. This indicates that IBIC experiences smaller price fluctuations and is considered to be less risky than IRVH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIC | IRVH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 1.13% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 0.67% | 3.36% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 4.83% | -3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.56% | 8.80% | -7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.56% | 8.80% | -7.24% |
IBIC vs. IRVH - Expense Ratio Comparison
IBIC has a 0.10% expense ratio, which is lower than IRVH's 0.50% expense ratio.
Dividends
IBIC vs. IRVH - Dividend Comparison
IBIC's dividend yield for the trailing twelve months is around 3.59%, less than IRVH's 5.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.61% | 4.89% | 3.34% | 3.69% | 2.73% |
Frequently Asked Questions
IBIC and IRVH have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRVH has higher volatility (1.13%) compared to IBIC (0.19%). In terms of maximum drawdown, IBIC dropped -0.90% vs IRVH's -14.98%.
On 1-year performance, IBIC leads with 4.40% vs -2.96% for IRVH. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.40% return vs -2.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.50% for IRVH.
IRVH has the higher dividend yield at 5.61%, compared with 3.59% for IBIC.
They also come from different issuers: iShares and Global X. Their fees differ too: 0.10% for IBIC and 0.50% for IRVH.
IBIC currently has the higher Sharpe Ratio (4.95 vs -0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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