IRVH vs. IBIC
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both Inflation-Protected Bonds funds. IRVH is actively managed, while IBIC is passively managed. Over the past year, IRVH returned -2.59% vs 4.40% for IBIC. At a 0.37 correlation, their price movements are largely independent. IRVH charges 0.50%/yr vs 0.10%/yr for IBIC.
Performance
IRVH vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, IRVH achieves a -3.97% return, which is significantly lower than IBIC's 2.37% return.
IRVH
- 1D
- 0.26%
- 1M
- -0.72%
- YTD
- -3.97%
- 6M
- -3.46%
- 1Y
- -2.59%
- 3Y*
- 0.16%
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.08%
- YTD
- 2.37%
- 6M
- 2.39%
- 1Y
- 4.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRVH vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -3.97% | 7.71% | -5.49% | 4.31% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between IRVH and IBIC is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.37 |
Over the past year, the correlation between IRVH and IBIC has dropped to 0.16 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
IRVH vs. IBIC — Risk / Return Rank
IRVH
IBIC
IRVH vs. IBIC - 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 iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.49 | ||
| Sortino ratioReturn per unit of downside risk | -9.59 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 2.21 | -1.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 16.49 | -16.91 |
| Martin ratioReturn relative to average drawdown | -0.97 | 57.44 | -58.40 |
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Drawdowns
IRVH vs. IBIC - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for IRVH and IBIC.
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Drawdown Indicators
| IRVH | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -0.90% | -14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.11% | -0.27% | -5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | — | — |
Current DrawdownCurrent decline from peak | -10.91% | -0.14% | -10.77% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -0.10% | -9.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 0.08% | +2.60% |
Volatility
IRVH vs. IBIC - Volatility Comparison
Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has a higher volatility of 1.18% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.19%. This indicates that IRVH's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVH | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 0.19% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 0.67% | +2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.81% | 0.89% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.79% | 1.56% | +7.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.79% | 1.56% | +7.23% |
IRVH vs. IBIC - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
IRVH vs. IBIC - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.60%, more than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.60% | 4.89% | 3.34% | 3.69% | 2.73% |
Frequently Asked Questions
IRVH and IBIC have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRVH has higher volatility (1.18%) compared to IBIC (0.19%). In terms of maximum drawdown, IRVH dropped -14.98% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.40% vs -2.59% for IRVH. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.40% return vs -2.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.50% for IRVH.
IRVH has the higher dividend yield at 5.60%, compared with 3.59% for IBIC.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for IRVH and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.95 vs -0.54), 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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