IBII vs. IRVH
IBII (iShares iBonds Oct 2032 Term TIPS ETF) and IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) are both Inflation-Protected Bonds funds. IBII is passively managed, while IRVH is actively managed. Over the past year, IBII returned 4.13% vs -2.59% for IRVH. A 0.65 correlation means they provide meaningful diversification when combined. IBII charges 0.10%/yr vs 0.50%/yr for IRVH.
Performance
IBII vs. IRVH - Performance Comparison
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Returns By Period
In the year-to-date period, IBII achieves a 1.28% return, which is significantly higher than IRVH's -3.97% return.
IBII
- 1D
- 0.31%
- 1M
- -0.25%
- YTD
- 1.28%
- 6M
- 1.16%
- 1Y
- 4.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRVH
- 1D
- 0.26%
- 1M
- -0.72%
- YTD
- -3.97%
- 6M
- -3.46%
- 1Y
- -2.59%
- 3Y*
- 0.16%
- 5Y*
- —
- 10Y*
- —
IBII vs. IRVH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBII iShares iBonds Oct 2032 Term TIPS ETF | 1.28% | 8.65% | 1.21% | 4.85% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -3.97% | 7.71% | -5.49% | 5.73% |
Correlation
The correlation between IBII and IRVH is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.65 |
The correlation between IBII and IRVH has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
IBII vs. IRVH — Risk / Return Rank
IBII
IRVH
IBII vs. IRVH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2032 Term TIPS ETF (IBII) 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.
| IBII | IRVH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.92 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.43 | +2.52 |
| Martin ratioReturn relative to average drawdown | 6.56 | -0.97 | +7.53 |
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Drawdowns
IBII vs. IRVH - Drawdown Comparison
The maximum IBII drawdown since its inception was -4.65%, smaller than the maximum IRVH drawdown of -14.98%. Use the drawdown chart below to compare losses from any high point for IBII and IRVH.
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Drawdown Indicators
| IBII | IRVH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.65% | -14.98% | +10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -6.11% | +4.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.03% | — |
Current DrawdownCurrent decline from peak | -0.99% | -10.91% | +9.92% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -9.72% | +8.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 2.68% | -2.05% |
Volatility
IBII vs. IRVH - Volatility Comparison
iShares iBonds Oct 2032 Term TIPS ETF (IBII) has a higher volatility of 1.39% compared to Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) at 1.18%. This indicates that IBII's price experiences larger fluctuations and is considered to be riskier 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
| IBII | IRVH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.18% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 3.37% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 4.81% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.42% | 8.79% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 8.79% | -3.37% |
IBII vs. IRVH - Expense Ratio Comparison
IBII has a 0.10% expense ratio, which is lower than IRVH's 0.50% expense ratio.
Dividends
IBII vs. IRVH - Dividend Comparison
IBII's dividend yield for the trailing twelve months is around 4.06%, less than IRVH's 5.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBII iShares iBonds Oct 2032 Term TIPS ETF | 4.06% | 4.80% | 4.76% | 1.10% | 0.00% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.60% | 4.89% | 3.34% | 3.69% | 2.73% |
Frequently Asked Questions
IBII and IRVH have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBII has higher volatility (1.39%) compared to IRVH (1.18%). In terms of maximum drawdown, IBII dropped -4.65% vs IRVH's -14.98%.
On 1-year performance, IBII leads with 4.13% vs -2.59% for IRVH. On fees, IBII is cheaper at 0.10% per year. On volatility, IRVH has been the lower-risk option at 1.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBII has performed better with a 4.13% return vs -2.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBII is cheaper with a 0.10% expense ratio, compared with 0.50% for IRVH.
IRVH has the higher dividend yield at 5.60%, compared with 4.06% for IBII.
They also come from different issuers: iShares and Global X. Their fees differ too: 0.10% for IBII and 0.50% for IRVH.
IBII currently has the higher Sharpe Ratio (1.18 vs -0.54), 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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