Correlation
The correlation between IRVH and FIPDX is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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.
Performance
IRVH vs. FIPDX - Performance Comparison
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Key characteristics
IRVH:
0.99
FIPDX:
1.29
IRVH:
1.15
FIPDX:
1.82
IRVH:
1.14
FIPDX:
1.23
IRVH:
0.37
FIPDX:
0.63
IRVH:
1.41
FIPDX:
3.83
IRVH:
3.97%
FIPDX:
1.62%
IRVH:
7.03%
FIPDX:
4.74%
IRVH:
-14.98%
FIPDX:
-14.29%
IRVH:
-8.61%
FIPDX:
-3.96%
Returns By Period
In the year-to-date period, IRVH achieves a 6.11% return, which is significantly higher than FIPDX's 3.72% return.
IRVH
6.11%
-1.95%
4.84%
6.76%
N/A
N/A
N/A
FIPDX
3.72%
-0.54%
2.07%
6.09%
0.90%
1.56%
2.53%
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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 Rank
IRVH
FIPDX
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.
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Dividends
IRVH vs. FIPDX - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 3.07%, less than FIPDX's 3.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 3.07% | 3.34% | 3.70% | 2.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 3.80% | 3.75% | 3.59% | 8.87% | 4.76% | 1.24% | 1.96% | 2.32% | 1.25% | 1.59% | 0.38% | 1.10% |
Drawdowns
IRVH vs. FIPDX - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, 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.
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Volatility
IRVH vs. FIPDX - Volatility Comparison
Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has a higher volatility of 2.52% compared to Fidelity Inflation-Protected Bond Index Fund (FIPDX) at 1.39%. 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.
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