IBII vs. IRVH

Last updated Jun 5, 2026

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 5.28% vs -1.82% 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

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2032 Term TIPS ETF (IBII) and Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBII achieves a 1.63% return, which is significantly higher than IRVH's -3.32% return.

IBII

• 1D: 0.02%
• 1M: -0.38%
• YTD: 1.63%
• 6M: 1.21%
• 1Y: 5.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IRVH

• 1D: -0.18%
• 1M: -1.24%
• YTD: -3.32%
• 6M: -3.31%
• 1Y: -1.82%
• 3Y*: -0.70%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBII vs. IRVH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBII iShares iBonds Oct 2032 Term TIPS ETF	1.63%	8.65%	1.21%	4.85%
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF	-3.32%	7.71%	-5.49%	6.32%

Correlation

The correlation between IBII and IRVH is 0.57, 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	0.57
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	0.65

The correlation between IBII and IRVH has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.

Return for Risk

IBII vs. IRVH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBII

IBII Risk / Return Rank: 50
IBII Sharpe Ratio Rank: 46
IBII Sortino Ratio Rank: 49
IBII Omega Ratio Rank: 45
IBII Calmar Ratio Rank: 55
IBII Martin Ratio Rank: 55

IRVH

IRVH Risk / Return Rank: 5
IRVH Sharpe Ratio Rank: 6
IRVH Sortino Ratio Rank: 5
IRVH Omega Ratio Rank: 5
IRVH Calmar Ratio Rank: 6
IRVH Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	IBII	IRVH	Difference
Sharpe ratio: Return per unit of total volatility	1.56	-0.37	+1.93
Sortino ratio: Return per unit of downside risk	2.37	-0.49	+2.86
Omega ratio: Gain probability vs. loss probability	1.28	0.95	+0.34
Calmar ratio: Return relative to maximum drawdown	2.68	-0.37	+3.05
Martin ratio: Return relative to average drawdown	9.32	-0.77	+10.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBII vs. IRVH - Sharpe Ratio Comparison

The current IBII Sharpe Ratio is 1.56, which is higher than the IRVH Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of IBII and IRVH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBII	IRVH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	-0.37	+1.93
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	-0.22	+1.34

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.

Drawdown Indicators

	IBII	IRVH	Difference
Max Drawdown Largest peak-to-trough decline	-4.65%	-14.98%	+10.33%
Max Drawdown (1Y) Largest decline over 1 year	-1.98%	-4.94%	+2.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.03%	—
Current Drawdown Current decline from peak	-0.65%	-10.32%	+9.67%
Average Drawdown Average peak-to-trough decline	-1.12%	-9.72%	+8.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	2.35%	-1.77%

Volatility

IBII vs. IRVH - Volatility Comparison

iShares iBonds Oct 2032 Term TIPS ETF (IBII) has a higher volatility of 0.89% compared to Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) at 0.71%. 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.

Volatility by Period

	IBII	IRVH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	0.71%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	2.29%	3.27%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	3.42%	4.96%	-1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.42%	8.84%	-3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.42%	8.84%	-3.42%

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 4.05%, less than IRVH's 5.56% yield.

Position	TTM	2025	2024	2023	2022
IBII iShares iBonds Oct 2032 Term TIPS ETF	4.05%	4.80%	4.76%	1.10%	0.00%
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF	5.56%	4.89%	3.34%	3.69%	2.73%

Frequently Asked Questions

Can I hold both IBII and IRVH in my portfolio?

IBII and IRVH have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBII or IRVH?

IBII has higher volatility (0.89%) compared to IRVH (0.71%). In terms of maximum drawdown, IBII dropped -4.65% vs IRVH's -14.98%.

Which ETF is better, IBII or IRVH?

On 1-year performance, IBII leads with 5.28% vs -1.82% for IRVH. On fees, IBII is cheaper at 0.10% per year. On volatility, IRVH has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBII or IRVH?

Over the 1-year period, IBII has performed better with a 5.28% return vs -1.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBII or IRVH?

IBII is cheaper with a 0.10% expense ratio, compared with 0.50% for IRVH.

Which ETF pays a higher dividend yield, IBII or IRVH?

IRVH has the higher dividend yield at 5.56%, compared with 4.05% for IBII.

What is the main difference between IBII and IRVH?

They also come from different issuers: iShares and Global X. Their fees differ too: 0.10% for IBII and 0.50% for IRVH.

Which has better risk-adjusted returns?

IBII currently has the higher Sharpe Ratio (1.56 vs -0.37), 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.