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 -3.63% vs 4.19% for CSHP. Their -0.15 correlation means they have often moved in opposite directions in the past. 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 -4.64% return, which is significantly lower than CSHP's 2.53% return.
IRVH
- 1D
- -0.06%
- 1M
- -0.73%
- 6M
- -4.05%
- YTD
- -4.64%
- 1Y
- -3.63%
- 3Y*
- -0.42%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.20%
CSHP
- 1D
- 0.15%
- 1M
- 0.50%
- 6M
- 2.23%
- YTD
- 2.53%
- 1Y
- 4.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.42M | $7.30M | $2.63M | |
| $459.76 | $1.90K | $4.28K |
IRVH vs. CSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -4.64% | 7.71% | -2.87% |
CSHP iShares Enhanced Short-Term Bond Active ETF | 2.53% | 4.10% | 2.24% |
Correlation
The correlation between IRVH and CSHP is -0.10, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | -0.15 |
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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 | -4.46 | ||
| Sortino ratioReturn per unit of downside risk | -7.71 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 2.79 | -1.91 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 10.90 | -11.46 |
| Martin ratioReturn relative to average drawdown | -1.11 | 68.37 | -69.47 |
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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 -0.39%. 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% | -0.39% | -14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -0.39% | -6.09% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | — | — |
Current DrawdownCurrent decline from peak | -11.54% | -0.12% | -11.42% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -0.01% | -9.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 0.06% | +3.22% |
Volatility
IRVH vs. CSHP - Volatility Comparison
The current volatility for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) is 0.82%, while iShares Enhanced Short-Term Bond Active ETF (CSHP) has a volatility of 1.11%. This indicates that IRVH experiences smaller price fluctuations and is considered to be less risky 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 | 0.82% | 1.11% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 1.12% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 1.15% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.69% | 0.86% | +7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 0.86% | +7.83% |
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 5.72%, more than CSHP's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 4.10% | 5.39% | 1.96% | 0.00% | 0.00% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.72% | 4.89% | 3.34% | 3.69% | 2.73% |
Frequently Asked Questions
IRVH and CSHP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSHP has higher volatility (1.11%) compared to IRVH (0.82%). In terms of maximum drawdown, IRVH dropped -14.98% vs CSHP's -0.39%.
On 1-year performance, CSHP leads with 4.19% vs -3.63% for IRVH. On fees, CSHP is cheaper at 0.20% per year. On volatility, IRVH has been the lower-risk option at 0.82%. 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 4.19% return vs -3.63%. 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 5.72%, compared with 4.10% 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 (3.67 vs -0.79), 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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