IRVH vs. FIPDX
Compare and contrast key facts about Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) and Fidelity Inflation-Protected Bond Index Fund (FIPDX).
IRVH is an actively managed fund by Global X. It was launched on Jul 5, 2022. FIPDX is managed by Fidelity. It was launched on May 16, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IRVH or FIPDX.
Key characteristics
| IRVH | FIPDX | |
|---|---|---|
| YTD Return | 1.08% | 5.06% |
| 1Y Return | 5.44% | 7.98% |
| Sharpe Ratio | 0.78 | 1.56 |
| Daily Std Dev | 6.52% | 5.26% |
| Max Drawdown | -14.96% | -14.29% |
| Current Drawdown | -7.89% | -4.66% |
Correlation
The correlation between IRVH and FIPDX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IRVH vs. FIPDX - Performance Comparison
In the year-to-date period, IRVH achieves a 1.08% return, which is significantly lower than FIPDX's 5.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IRVH vs. FIPDX - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than FIPDX's 0.05% expense ratio.
Risk-Adjusted Performance
IRVH vs. FIPDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) and Fidelity Inflation-Protected Bond Index Fund (FIPDX). 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.
Dividends
IRVH vs. FIPDX - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 3.27%, less than FIPDX's 4.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 3.27% | 3.69% | 2.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 4.55% | 3.59% | 8.87% | 4.76% | 1.24% | 1.96% | 2.31% | 1.25% | 1.59% | 0.38% | 1.10% | 0.66% |
Drawdowns
IRVH vs. FIPDX - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.96%, roughly equal to the maximum FIPDX drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for IRVH and FIPDX. For additional features, visit the drawdowns tool.
Volatility
IRVH vs. FIPDX - Volatility Comparison
Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has a higher volatility of 1.57% compared to Fidelity Inflation-Protected Bond Index Fund (FIPDX) at 0.97%. This indicates that IRVH's price experiences larger fluctuations and is considered to be riskier than FIPDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.