IRVH vs. CSHP
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - IRVH is a Inflation-Protected Bonds fund actively managed by Global X, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, IRVH returned -2.13% vs 3.96% for CSHP. At a correlation of -0.18, they often move in opposite directions. IRVH charges 0.50%/yr vs 0.20%/yr for CSHP.
Performance
IRVH vs. CSHP - Performance Comparison
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Returns By Period
In the year-to-date period, IRVH achieves a -4.36% return, which is significantly lower than CSHP's 1.86% return.
IRVH
- 1D
- -0.36%
- 1M
- -1.18%
- YTD
- -4.36%
- 6M
- -4.00%
- 1Y
- -2.13%
- 3Y*
- 0.01%
- 5Y*
- —
- 10Y*
- —
CSHP
- 1D
- -0.01%
- 1M
- 0.30%
- YTD
- 1.86%
- 6M
- 1.93%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRVH vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -4.36% | 7.71% | -2.87% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 1.86% | 4.10% | 2.24% |
Correlation
The correlation between IRVH and CSHP is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | -0.18 |
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Return for Risk
IRVH vs. CSHP — Risk / Return Rank
IRVH
CSHP
IRVH vs. CSHP - 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 iShares Enhanced Short-Term Bond Active ETF (CSHP). 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.
| IRVH | CSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.66 | ||
| Sortino ratioReturn per unit of downside risk | -28.90 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 6.67 | -5.74 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 65.84 | -66.20 |
| Martin ratioReturn relative to average drawdown | -0.82 | 395.75 | -396.57 |
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Drawdowns
IRVH vs. CSHP - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for IRVH and CSHP.
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Drawdown Indicators
| IRVH | CSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -0.08% | -14.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.96% | -0.06% | -5.90% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | — | — |
Current DrawdownCurrent decline from peak | -11.28% | -0.01% | -11.27% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -0.00% | -9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 0.01% | +2.59% |
Volatility
IRVH vs. CSHP - Volatility Comparison
Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has a higher volatility of 1.09% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that IRVH's price experiences larger fluctuations and is considered to be riskier than CSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVH | CSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.15% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 0.27% | +3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 0.36% | +4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 0.41% | +8.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.80% | 0.41% | +8.39% |
IRVH vs. CSHP - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than CSHP's 0.20% expense ratio.
Dividends
IRVH vs. CSHP - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.62%, more than CSHP's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 3.91% | 5.39% | 1.96% | 0.00% | 0.00% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.62% | 4.89% | 3.34% | 3.69% | 2.73% |
Frequently Asked Questions
IRVH and CSHP have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRVH has higher volatility (1.09%) compared to CSHP (0.15%). In terms of maximum drawdown, IRVH dropped -14.98% vs CSHP's -0.08%.
On 1-year performance, CSHP leads with 3.96% vs -2.13% for IRVH. On fees, CSHP is cheaper at 0.20% per year. On volatility, CSHP has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CSHP has performed better with a 3.96% return vs -2.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CSHP is cheaper with a 0.20% expense ratio, compared with 0.50% for IRVH.
IRVH has the higher dividend yield at 5.62%, compared with 3.91% for CSHP.
IRVH is categorized as Inflation-Protected Bonds, while CSHP is Ultrashort Bond. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for IRVH and 0.20% for CSHP.
CSHP currently has the higher Sharpe Ratio (11.22 vs -0.44), 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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