IRVH vs. IBID
IRVH (Global X Interest Rate Volatility & Inflation Hedge ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both Inflation-Protected Bonds funds. IRVH is actively managed, while IBID is passively managed. Over the past year, IRVH returned -3.57% vs 3.58% for IBID. Their 0.50 correlation means their historical movements had little consistent relationship. IRVH charges 0.50%/yr vs 0.10%/yr for IBID.
Performance
IRVH vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, IRVH achieves a -4.59% return, which is significantly lower than IBID's 2.41% return.
IRVH
- 1D
- -0.11%
- 1M
- -0.67%
- 6M
- -4.04%
- YTD
- -4.59%
- 1Y
- -3.57%
- 3Y*
- 0.11%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.19%
IBID
- 1D
- -0.02%
- 1M
- 0.19%
- 6M
- 2.01%
- YTD
- 2.41%
- 1Y
- 3.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $730.73K | $757.79K | $746.53K | |
| $471.52 | $4.02K | $5.19K |
IRVH vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | -4.59% | 7.71% | -5.49% | 4.31% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 2.41% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between IRVH and IBID is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.50 |
Over the past year, the correlation between IRVH and IBID has dropped to 0.24 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
IRVH vs. IBID — Risk / Return Rank
IRVH
IBID
IRVH vs. IBID - 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 2027 Term TIPS ETF (IBID). 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 | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.99 | ||
| Sortino ratioReturn per unit of downside risk | -6.59 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.74 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 7.26 | -7.76 |
| Martin ratioReturn relative to average drawdown | -0.97 | 25.58 | -26.55 |
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Drawdowns
IRVH vs. IBID - Drawdown Comparison
The maximum IRVH drawdown since its inception was -14.98%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for IRVH and IBID.
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Drawdown Indicators
| IRVH | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -1.28% | -13.70% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -0.55% | -5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | — | — |
Current DrawdownCurrent decline from peak | -11.49% | -0.09% | -11.40% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -0.22% | -9.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 0.16% | +3.10% |
Volatility
IRVH vs. IBID - Volatility Comparison
Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) has a higher volatility of 0.88% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.33%. This indicates that IRVH's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRVH | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.33% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 0.92% | +2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.66% | 1.22% | +3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 2.21% | +6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 2.21% | +6.49% |
IRVH vs. IBID - Expense Ratio Comparison
IRVH has a 0.50% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
IRVH vs. IBID - Dividend Comparison
IRVH's dividend yield for the trailing twelve months is around 5.68%, more than IBID's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 4.90% | 4.43% | 4.24% | 0.81% | 0.00% |
IRVH Global X Interest Rate Volatility & Inflation Hedge ETF | 5.31% | 4.89% | 3.34% | 3.69% | 2.73% |
Frequently Asked Questions
IRVH and IBID have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRVH has higher volatility (0.88%) compared to IBID (0.33%). In terms of maximum drawdown, IRVH dropped -14.98% vs IBID's -1.28%.
On 1-year performance, IBID leads with 3.58% vs -3.57% for IRVH. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBID has performed better with a 3.58% return vs -3.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.50% for IRVH.
IRVH has the higher dividend yield at 5.31%, compared with 4.90% for IBID.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for IRVH and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.30 vs -0.68), 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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