IRVH vs. AIQ
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and AIQ (Global X Artificial Intelligence & Technology ETF) are both exchange-traded funds - IRVH is a Inflation-Protected Bonds fund actively managed by Global X, while AIQ is a Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index. IRVH is actively managed, while AIQ is passively managed. Over the past 3 years, IRVH returned -0.70%/yr vs 36.88%/yr for AIQ. At a 0.06 correlation, their price movements are largely independent. IRVH charges 0.50%/yr vs 0.68%/yr for AIQ.
Performance
IRVH vs. AIQ - Performance Comparison
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Returns By Period
In the year-to-date period, IRVH achieves a -3.32% return, which is significantly lower than AIQ's 33.84% return.
IRVH
- 1D
- -0.18%
- 1M
- -1.24%
- YTD
- -3.32%
- 6M
- -3.31%
- 1Y
- -1.82%
- 3Y*
- -0.70%
- 5Y*
- —
- 10Y*
- —
AIQ
- 1D
- -1.58%
- 1M
- 16.50%
- YTD
- 33.84%
- 6M
- 33.72%
- 1Y
- 64.95%
- 3Y*
- 36.88%
- 5Y*
- 18.69%
- 10Y*
- —
IRVH vs. AIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -3.32% | 7.71% | -5.49% | 0.83% | -6.69% |
AIQ Global X Artificial Intelligence & Technology ETF | 33.84% | 31.89% | 24.11% | 55.39% | -4.96% |
Correlation
The correlation between IRVH and AIQ is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2022 | 0.06 |
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Return for Risk
IRVH vs. AIQ — Risk / Return Rank
IRVH
AIQ
IRVH vs. AIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.
| IRVH | AIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.19 | ||
| Sortino ratioReturn per unit of downside risk | -4.00 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.46 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 3.96 | -4.33 |
| Martin ratioReturn relative to average drawdown | -0.77 | 13.69 | -14.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IRVH | AIQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.37 | 2.83 | -3.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.22 | 0.83 | -1.05 |
Drawdowns
IRVH vs. AIQ - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, smaller than the maximum AIQ drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for IRVH and AIQ.
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Drawdown Indicators
| IRVH | AIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -44.66% | +29.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | -16.47% | +11.53% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -26.35% | +18.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.66% | — |
Current DrawdownCurrent decline from peak | -10.32% | -2.95% | -7.37% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -9.79% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 4.76% | -2.41% |
Volatility
IRVH vs. AIQ - Volatility Comparison
The current volatility for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) is 0.71%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 8.82%. This indicates that IRVH experiences smaller price fluctuations and is considered to be less risky than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVH | AIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 8.82% | -8.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 18.55% | -15.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.96% | 23.11% | -18.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.84% | 25.34% | -16.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.84% | 25.50% | -16.66% |
IRVH vs. AIQ - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is lower than AIQ's 0.68% expense ratio.
Dividends
IRVH vs. AIQ - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.56%, more than AIQ's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.14% | 0.18% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.56% | 4.89% | 3.34% | 3.69% | 2.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IRVH and AIQ have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIQ has higher volatility (8.82%) compared to IRVH (0.71%). In terms of maximum drawdown, IRVH dropped -14.98% vs AIQ's -44.66%.
On 3-year performance, AIQ leads with 36.88% vs -0.70% for IRVH. On fees, IRVH is cheaper at 0.50% 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.
Over the 3-year period, AIQ has performed better with a 36.88% return vs -0.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IRVH is cheaper with a 0.50% expense ratio, compared with 0.68% for AIQ.
IRVH has the higher dividend yield at 5.56%, compared with 0.14% for AIQ.
IRVH is categorized as Inflation-Protected Bonds, while AIQ is Technology Equities. Their fees differ too: 0.50% for IRVH and 0.68% for AIQ.
AIQ currently has the higher Sharpe Ratio (2.83 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.
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